At 5+% CAGR Acoustic Insulation Market To Hit $15.01 Billion by 2022 Led by Glass Wool Acoustic Insulation
PUNE, India, Oct. 29, 2017 /PRNewswire-iReach/ -- The rising demand from various end-use industries is expected to drive the acoustic insulation market in the Asia Pacific region. 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.
Browse 75 Market Data Tables and 34 Figures spread through 133 Pages and in-depth TOC on "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" http://www.rnrmarketresearch.com/acoustic-insulation-market-by-type-mineral-wool-glass-wool-foamed-plastics-by-application-building-construction-industrial-transportation-global-trends-and-forecasts-to-2019-market-report.html .
The rock wool segment of the acoustic insulation market is expected to grow at the highest CAGR during the forecast period. 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 offers various advantages such as ease of installation and no maintenance.
Key companies profiled in acoustic insulation market research report are Saint-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).
Inquire for Discount on "Acoustic Insulation Market - Global Forecast to 2022" research report at http://www.rnrmarketresearch.com/contacts/discount?rname=258058 .
The glass wool acoustic insulation is estimated to lead the acoustic insulation market during the forecast period. Acoustic insulation is mainly classified into glass wool, rock wool, foamed plastics, and others (aerogel and cellulose acetate). Among types, the rock wool-based acoustic insulation segment is projected to grow at the highest CAGR during the forecast period, in terms of volume, between 2017 and 2022.
The building & construction industry is estimated to lead the acoustic insulation market during the forecast period. Growing demand from developing nations and rising health issues among people are the key factors fueling the growth of the acoustic insulation market. However, the lack of proper disposing and recycling techniques is the key challenge faced by the manufacturers of acoustic insulation.
Make an Inquiry on 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 research report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=258058 .
This report covers the acoustic insulation market, in terms of volume and value, and forecasts the market size till 2022. The report includes the market segmentation based on type (glass wool, rock wool, foamed plastic), end-use industry (building & construction, transportation, manufacturing & processing), and region (Asia Pacific, Europe, North America, Middle East & Africa, South America). The regions have been further segmented based on key countries into the US, Canada, Mexico, Germany, the UK, France, Spain, Italy, Russia, China, Australia, Japan, India, South Korea, Saudi Arabia, Brazil, and Argentina. The report also provides company profiles and competitive strategies adopted by the key players in the acoustic insulation market.
The breakdown of primary interviews is given 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%
Note 1: Others include sales, marketing, and product managers.
Note 2: The tier of the companies is determined on the basis of revenues and the ownership of the companies.
Another research titled Building Thermal Insulation Market Global Forecast to 2022 says, the building thermal insulation market size was $23.89 billion in 2016, which is projected to reach $29.62 billion by 2022, at a CAGR of 3.65% from 2017 to 2022. Glass wool estimated to be fastest-growing material type segment, in terms of value, from 2017to 2022. Non-residential building estimated to be the fastest-growing building type, in terms of value, from 2017 and 2022. Asia Pacific estimated to be the fastest-growing market during the forecast period in terms of value. Companies such as Johns Manville Corporation (US), Saint-Gobain S.A. (France), BASF SE (Germany), Kingspan Group plc (Ireland), Knauf Insulation, Inc. (US), Owens Corning (US), Huntsman Corporation (US), Rockwool International A/S (Germany), Firestone Building Products Company (US), Cabot Corporation (US), Dow Corning Corporation (US), Covestro AG (Germany) , URSA Insulation, S.A. (Spain), Paroc Group Oy (Finland), Atlas Roofing Corporation (US), GAF Materials Corporation (US), Lapolla Industries, Inc. (US), Beijing New Building Material (Group) Co., Ltd. (China), NICHIAS Corporation (Japan), Fletcher Building Limited (New Zealand), ODE Industry and Trade Inc. (Turkey), Aspen Aerogels, Inc. (US), Trocellen GmbH (Germany), Recticel SA (Belgium), KCC Corporation (South Korea) have been profiled in this 170 pages research report available at http://www.rnrmarketresearch.com/contacts/request-sample?rname=349668 .
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