The Acoustic
Insulation Market report discusses the
primary market growth drivers and challenges that the vendors and the market as
a whole face and provides an overview of the key trends emerging in the market.
This study also shows about the industry size of different segments and their
growth aspects along with key leading countries in Americas, Asia-Pacific,
Europe, the Middle East, and Africa regions.
Industry Overview
The global acoustic insulation market size is expected to reach a value
of USD 16.55 billion by 2025. Rising consumers’ awareness regarding health and
noise pollution coupled with the improving standard of living are expected to
be the primary factors responsible for the growth in the global acoustic
insulation industry. Recent studies and development in science and technology
have shown, the ill effects of high levels of noise on human health and work,
the study also highlights the significance of sound barriers.
Rising concerns regarding employee comfort levels have propelled the use
of noise cancelling materials in corporate offices as well as commercial buildings.
The increase in the standard of living of people is most likely to drive the
acoustic insulation materials demand in the residential construction segment so
as to attain a peaceful environment inside the home.
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Main features of the report:
·
To provide detailed analysis of
the market structure along with forecast of the various segments and
sub-segments of the global Acoustic Insulation Market.
·
A complete backdrop analysis,
which includes an assessment of the parent market
·
Important changes in market
dynamics
·
Market segmentation up to the
second or third level
·
To provide country level
analysis of the market for segment by application, product type and
sub-segments.
·
To provide strategic profiling
of key players in the market, comprehensively analyzing their core
competencies, and drawing a competitive landscape for the market.
·
Track and analyze competitive
developments such as joint ventures, strategic alliances, mergers and
acquisitions, new product developments, and research and developments in the
global Acoustic Insulation Market.
·
Emerging niche segments and
regional markets
·
An objective assessment of the
trajectory of the industry.
Government initiatives, as well as regulation for controlling noise
pollution, is also a major factor driving the global market. EPA has come up
with certain standards to monitor noise produced in transportation and also
sound seclusion of the building environment. The countries which form the
European Union also regulates the impact, airborne and utilization of noise
levels. There are also certain regulations which are imposed to ensure
seclusion from external sound.
According to Italian law no. 447 of 2/10/95 both public and private
entities will be suspended if found guilty for noise pollution. Many such laws
and regulations are passed so as to control the sound produced from Planes,
Ships, and automobiles.
End-Use Insights
Construction and building industry is expected to witness the highest
penetration of product and is projected to dominate over the upcoming years.
Furthermore, rising demand from the industry can lead to the substantial amount
of product required to insulate the buildings.
However, considering the economic slowdown in the Europe and U.S,
construction and building segment has witnessed a significant impact which in
turn has affected the product market. In the developed region the sector is
expected to observe a challenge due to the moderate pace of new structures over
the forecast period.
Changing consumer preferences for better NVH levels along with the huge
competition between automobile industry has propelled the product demand from
the transportation industry. In developing countries, the rapid growth of
aviation, as well as automotive industries, is anticipated to boost the acoustic
insulation material demand.
Regional Insights
In the year 2015, Asia Pacific accounted for over 40% of the global
demand thus being the largest market for the product. Growing building and
construction industry, as well as the booming automobile sector in Asia
Pacific, is expected to trigger the regional growth over the forecasted period.
Acoustic insulation material has also remarkably penetrated the European
markets. The stringent regulations and strict government policies on noise
control for industrial equipment, transportation, and building acoustic
isolation have contributed for the product’s penetration in the region. One of
the restraints in the region can be the slowdown in the construction activities
over the forecast period.
Competitive Insights
Saint-Gobain, Knauf Insulation, Rockwool International A/S, Johns
Manville, Owens Corning, Armacell, Paroc, BASF SE, and others are some of the
key players in the industry. Companies have adopted strategies such as
expanding their product portfolio, increasing their geographical reach and
continuous innovations for sustaining in the market. Some of the other
approaches used are mergers and acquisitions to increase their market share and
also the value chain integration.
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