The recent research, Acoustic Insulation market enables stakeholders, field marketing executives and business owners get one step ahead by giving them a better understanding of their immediate competitors for the forecast period, 2019 to 2026. Most importantly, the study empowers product owners to recognize the primary market they are expected to serve. To help companies and individuals operating in the Acoustic Insulation market ensure they have access to commensurate resources in a particular location the research, assess the size that they can realistically target and tap.
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The global acoustic insulation market is expected to reach USD 17.93 Billion by 2026, according to a new report by Reports and Data. Acoustic Insulation is required for diminishing the intensity of sound with respect to a particular source and receptor. Inclining trends for eco-friendly buildings providing efficient acoustic insulation essential in residential, commercial, and industrial applications is expected to propel the growth of the market in the forecast period. Exceptional properties of acoustic insulation materials such as dimensional stability, high fire safety, ecological compatibility, and chemical resistance are some of the major factors driving the market demand.
Key participants include –
Saint-Gobain, Rockwool International, Knauf Insulation, Johns Manville, Owens Corning, Paroc Group, Kingspan Group, Armacell International, BASF SE, and Fletcher Insulation, among others.
Product Type Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
- Fiberglass/Glass Wool
- Rock Wool
- Foamed Plastic
- EPS
- XPS
- Others
Form Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
- Blankets
- Batts
- Panels
- Others
Industry Vertical Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
- Building & Construction
- Automotive
- Aerospace & Defense
- Others
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The report charts the future of the Acoustic Insulation market for the forecast period, 2019 to 2026. The perfect balance of information on various topics including the sudden upswing in spending power, end-use, distribution channels and others add great value to this literature. A collaboration of charts, graphics images and tables offers more clarity on the overall study. Researchers behind the report explore why customers are purchasing products and services from immediate competitors.
Regional Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- MEA
Further key findings from the report suggest
· By product type, rock wool is forecasted to witness the highest growth rate of 5.9% in the forecast period, due to its properties, including excellent sound absorption, fire resistance, high density, moisture and water repellant, and heat insulation properties. Besides, rock wool is immune by temperatures up to 1000°C as well as aids in controlling the rate of spread of fire.
· By application, building and construction held the largest market share in 2018 and is forecasted to grow at a rate of 5.1% in the forecast period. The dominance of the building and construction sector may be attributed to a surge in population and urbanization in countries including China and India.
· The Asia Pacific region is expected to grow at the highest rate of 5.8% in the period 2019-2026. The swiftly growing building & construction sector, especially in the emerging economies, is anticipated to boost the product demand in the region. Additionally, fast technological advancements in the automotive industry and rise the level of disposable is causative of the market growth in the region.
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