Acoustic insulation market is set to witness a substantial CAGR of 5.9% in the forecast period of 2019- 2026 Acoustic insulation is a method of covering the machinery with a layer of insulation to reduce noise emissions. It is accomplished by integrating the materials needed within floors, walls and ceilings to minimize airborne sound transfer. Some of the common types of acoustic insulation are foamed plastics, mineral wool and other.
Key Market Competitors:
Few of the major competitors currently working in the global acoustic insulation market are Saint-Gobain Gyproc; ROCKWOOL International A/S; Knauf Insulation; Johns Manville; Owens Corning; Paroc Group; Kingspan Group; Armacell India Private Limited; BASF SE; Fletcher Insulation; L'ISOLANTE K-FLEX S.p.A.; Lloyd Insulations (India) Limited.; Cellecta; SIG Plc; Twiga.com; Siderise Group; Arabian Fiberglass Insulation Company Ltd; NICHIAS Corporation; Thermal Acoustic Products Ltd; Recticel Insulation; among others.
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They are widely used in engineering and construction and are used to produce acoustic insulation systems in order to obtain optimal building acoustic performance. They are widely used in end- users such as transportation, building & construction, manufacturing & processing and others.
Segmentation: Global Acoustic Insulation Market
- By Type (Mineral Wool, Foamed Plastics, Others)
- By End- Industry (Building & Construction, Transportation, Manufacturing & Processing, Others)
- By Form (Blankets, Batts, Panels, Others)
- By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
Global acoustic insulation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of acoustic insulation market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
- Increasing health issues among population will drive the market growth
- Growing demand from acoustic insulation which will also accelerate the market
- Strict regulations for reducing the adverse effects of high noise levels is another factor boosting the growth of this market in the forecast period
- Growing popularity for sound absorption materials in the entertainment industry will also contribute as a factor for the market growth
- Less awareness among population is restricting the growth of this market in the forecast period
- High cost of acoustic insulation will also hamper the market growth
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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