The Acoustic Insulation Market report states growing demand from developing nations and rising health issues among people are the key factors fueling the growth of the acoustic insulation market. The Acoustic Insulation Market is growing and the experts have predicted the future stats of Acoustic Insulation. Acoustic Insulation Market report contains the top corporate profiles and strategies with industry analysis and trends.
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The complete report of Acoustic Insulation Market by Type (Glass Wool, Rock Wool, Foamed Plastics), End-Use Industry (Building & Construction, Transportation, Manufacturing & Processing), and Region (Asia Pacific, Europe, North America) - Global Forecast to 2022 is now available on www.rnrmarketresearch.com/acoustic…rket-report.html
The global acoustic insulation market is estimated at USD 11.34 billion in 2017 and is projected to grow to USD 15.01 billion by 2022, at a CAGR of 5.8% between 2017 and 2022. Growing demand from developing nations and acceptance and usage in various applications, are the key factors driving the demand for acoustic insulation.
Rising health issues due to noise pollution may cause hearing loss, sleep disturbances, and risks of stress and heart disease. Rise in public spending on health, primarily by developing countries, will drive the acoustic insulation market.
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However, the lack of proper disposing and recycling techniques is the key challenge faced by the manufacturers of acoustic insulation.
Among various types of acoustic insulation, the rock wool-based acoustic insulation segment is expected to grow at the highest CAGR during the forecast period. As it is made from stone, it dampens vibration and traps sound waves.
Rock wool materials have high compressive strength, acoustic and thermal resistance, water repellence, and can withstand temperatures up to 1000° C. Due to these qualities, rock wool is used for flat roofs, outer wall facades for direct rendering, sandwich panels, cavity walls, lofts, pitched roofs, floor, and even underneath rail tracks.
It acts as an effective and natural sound barrier. Rock wool offer various advantages such as ease of installation and no maintenance.
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Break of primary participants in Acoustic Insulation Market was as mentioned below:
By Company Type: Tier 1- 48%, Tier 2- 39%, and Others- 13%
By Designation: C-level- 48%, Director-level- 31%, and Others- 21%
By Region: North America- 12%, Europe- 27%, Asia Pacific- 37%, South America- 8%, and the Middle East & Africa- 16%
Major players of Acoustic Insulation Market Report are:
Key companies profiled in this market research report areSaint-Gobain (France), Rockwool International (Denmark), Knauf Insulation (Germany), Johns Manville Inc. (US), Owens Corning (US), Paroc Group (Finland), Kingspan Group (Ireland), Armacell International (Germany), BASF SE (Germany), and Fletcher Insulation (Australia).
FAQ’s regarding the Acoustic Insulation Market Report are:
What is Market Penetration of Acoustic Insulation?
Comprehensive information on the product portfolios of the top players in the Acoustic Insulation market
What is Product Development/Innovation of Acoustic Insulation?
Detailed insights on the upcoming technologies, R&D activities, and product launches in the Acoustic Insulation market
What is Competitive Assessment of Acoustic Insulation?
In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the Acoustic Insulation market
What is Market Development of Acoustic Insulation?
Comprehensive information about emerging markets. This report analyzes the market for various Acoustic Insulation products across geographies
What is Market Diversification of Acoustic Insulation?
Exhaustive information about new products, untapped geographies, recent developments, and investments in the Acoustic Insulation market
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Asia Pacific is expected to be the fastest-growing market for acoustic insulation. Developing economies in the region, with their rapidly growing building & construction industries, are expected to increase the demand for acoustic insulation in the region.
In addition, rapid technological advancements in transportation industry and increasing disposable income are encouraging the use of acoustic insulation in the region. China, India, Japan, South Korea, and Australia are the key markets for acoustic insulation in Asia Pacific.
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