The acoustic insulation market is expected to grow at a CAGR of 5.80% from 2014 to 2019 to reach $4,159.04 million by 2019. The European region is the biggest market of acoustic insulation, accounting for 37.88% of the total global acoustic insulation material consumption by value in 2013. There is a lot of scope in the Asia-pacific market due to increased manufacturing base in the region. Building & construction, and transportation industry of Asia-pacific is increasing at a sharp pace, increasing the demand for acoustic insulation materials in the regions. With the growing middle classes, their demand for comforts are increasing day by day, ultimately enhancing the demand for acoustic insulation in end-use industries.
This study of acoustic insulation market estimates its global demand and market value for 2013 and projects the expected demand and market value of the same by 2019. As a part of the quantitative analysis, the study segments the global market by types and applications at country level with current market estimation and forecast till 2019. The countries covered in the report are the U.S., Canada, Mexico, Germany, Italy, France, U.K., Japan, China, India, South Korea and Brazil. The segmentation by type includes stone wool, glass wool, foamed plastics and others; while on the basis of its application, the segmentation includes building & construction, industrial, transportation and others.
The companies profiled in this acoustic insulation market research are Armacell, BASF SE, Fletcher Insulation, Johns Manville Inc., Knauf Insulation, Owens Corning, Paroc, and Rockwool International A/S, Saint-Gobain.
Acoustic insulation material shave found wide acceptance in various industries such as building & construction, transportation, and others because of their superior acoustic and environmental resistance characteristics. On the basis of application areas, the market of acoustic insulation can be broadly segmented into building & construction, transportation, and industrial. Though building & construction are the major end-use industry of acoustic insulation materials; transportation application is an emerging market, which is driving the demand for the acoustic insulation materials at a high pace.
Currently, the penetration of the acoustic insulation market is increasing in building & construction, and transportation industry. The key drivers for increasing demand of acoustic insulation materials are rising health concerns among the people, rise in demand of energy efficient buildings, and strict regulatory environment. Rising demand from developing nations is further pushing the market of acoustic insulation materials in different acoustic insulation applications. Merger & acquisitions, technological developments & innovations and expansion are identified as key strategies to expand the acoustic insulation market.