Market Highlights
Acoustic Insulation is used either for noise reduction or for noise absorption. The growing demand from the automotive sector, mainly to produce acoustically insulated luxury vehicles, is driving the demand of the market. However, the high capital requirement for acoustic insulation in buildings is a restraint that may hamper the growth of the market.
The global Acoustic Insulation Market is projected to reach USD 14.10 Billion, at a CAGR of 5.6% during the forecast period.
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Market Research Analysis
On the basis of regions, the global acoustic insulation market is segmented as North America, Europe, Asia-Pacific, and Rest of the World (RoW). Asia-Pacific dominates the global acoustic insulation market. Growing demand from the construction and infrastructure sector is driving the demand of the market in the Asia-Pacific region. The increasing disposable income among individuals along with changing lifestyle is also fueling the growth of the market. Asia-Pacific region is expected to be the fastest-growing market during the forecast period.
Europe is another major market for acoustic insulation. Building safety codes in countries such as U.K., Germany, and France are driving the demand of the market in the region. North American region contribute significantly to the acoustic insulation market during the forecast period.
Key Players
- ROCKWOOL International A/S (Denmark)
- Knauf Insulation GmbH (Germany)
- Saint-Gobain S.A. (France)
- Owens Corning Corporation (U.S.)
- Johns Manville Corporation (U.S.)
- BASF SE (Germany)
- Paroc Group Oy (Finland)
- Kingspan Group PLC (Ireland)
- Fletcher Insulation (Australia)
- Armacell GmbH (Germany).
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Scope of the Report
This study provides an overview of the global acoustic insulation market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global acoustic insulation market by its material, application and region.
By Material
- Stone wool
- Plastic foam
- Glass wool
- Cellulose aerogels
- Others
By Application
- Construction
- Transportation
- Industrial
- others
By Region
- North America
- Asia Pacific
- Europe
- Rest of the World
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