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2019-06-18
290
Global
Acoustic insulation materials are used for sound proofing in various applications such as during construction and manufacturing activities. Acoustic insulation materials are used in sound proofing the floor, ceiling and walls of the building or in the automobiles, ships and other modes of transportation. The growth of end-use industries such as construction and transportation is fuelling the growth of the market. The construction and interior designing companies have been considering the noise cutting as an important factor and are providing innovative ways such as fabric wrapped wall panels, ceiling tiles made of wood, metals and other materials. The demand of acoustic materials is driven by the rising number skyscrapers, entertainment spaces. Moreover the repair, maintenance and renovation activities are further enhancing the market opportunities for acoustic materials. Further the global environmental concerns over the noise pollution might lead to compulsorily application of acoustic materials in near future. Goldstein Research analyst forecast that the global acoustic insulation material market is set to harness market revenue of USD 18.4 billion to grow at a CAGR of 6.10% over the forecast period (2017-2025).
Global Acoustic Insulation Material Market Segmentation
By Material Type
Rock wool segment accounted for large market share of 38.7% in 2017 on the back of its best suitability in the noisy conditions and also it is naturally produced which provides sustainability in the longer term.
By End-User
By Geography
Based on geography, Asia Pacific region accounted for largest revenue share of 39.4% in 2017 of the global acoustic material market on the back of current economic and infrastructural development scenario & new projects in future, which will increase the demand for the application of acoustic materials. Other developing regions such as Middle East and Africa is also involved into huge infrastructural projects and thus the acoustic material market in the region is expected to grow at a CAGR of 6.3% over the forecast period.
The report covers the present ground scenario and the future growth prospects of the acoustic insulation material market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the Global region.
Global Acoustic Insulation Material Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from farm market experts. The report covers the competitive landscape and current position of major players in the Global acoustic insulation material market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Acoustic Insulation Material Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.
Our Global acoustic insulation material market report comprises of the following companies as the key players: Rockwool International, 3M, Owens Corning, Saint-Gobain, BASF, Bayer AG, Asahi Kasei Corporation, Dow Chemicals Company, E. I. du Pont de Nemours and Company, Knauf Insulation, Armacell, Fletcher Insulation, Johns Manville, etc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the farm market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Key questions answered in this Global Acoustic Insulation Material Market Report
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