Acoustic Insulation Market Worth $4,159.04 Million by 2019 - New Report by MarketsandMarkets
(PRWEB) January 14, 2015 -- The report, “Acoustic Insulation Market”, defines and segments the global market with an analysis and forecast of its global volume and value. The acoustic insulation market is estimated to witness a CAGR of 5.80% between 2014 and 2019, and is expected to generate a global market value of $4,159.04 million by 2019.
Browse 82 market data tables and 60 figures spread through 166 pages and in-depth TOC on “Acoustic Insulation Market”.
http://www.marketsandmarkets.com/Market-Reports/acoustic-insulation-market-41399747.html
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The report also defines driving and restraining factors for the global acoustic insulation market with the analysis of trends, opportunities, and burning issues, winning imperatives, strategic benchmarking and challenges. Some of the drivers include rising health concerns among the people, increasing demand for energy efficient buildings, and strict regulatory environment. Some of the restraints include construction crisis in Europe and disposability issues of acoustic insulation materials. There are some opportunities which will change the dynamics of acoustic insulation industry in the years to come, which include increasing demand of acoustic insulation materials in major applications, and aerogel, which can be used as a replacement to conventional acoustic insulation materials. The market is forecasted on the basis of major regions, such as North America, Europe, Asia-pacific, and Rest of the World (ROW) by both value and volume. The regional acoustic insulation market is further segmented on the basis of major application.
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“Asia-pacific is the Fastest Growing Market for Acoustic Insulation”
The Asia-pacific region, with a CAGR of 4.78%, is currently the fastest-growing market for acoustic insulation in terms of volume. The market for acoustic insulation materials is expected to increase in Asia-pacific due to the increased demand in its applications, such as building & construction, transportation and industrial.
“Europe is the Biggest Market of Acoustic Insulation”
The European region is the world’s largest market for acoustic insulation with a share of 38.12%, in terms of volume in 2013. Germany is the key consumer of acoustic insulation materials in Europe. Rising expense of people towards acoustic comfort and energy efficient buildings is driving the market in the region. Various merger & acquisitions, product launches, developments, and expansions in different industries have in turn made the region a potential growth market for acoustic insulation materials.
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“Stone Wool: The Fastest Growing Type; while Building & Construction–The Biggest Acoustic Insulation Application”
Stone wool also known as rock wool is a fiber made from natural or synthetic minerals or metal oxides. Inorganic rock or slag is the main components (typically 98.00%) of stone wool. The remaining 2.00% organic content is generally a thermosetting resin binder (an adhesive) and a little oil. Stone wool materials have high compressive strength, acoustic, and thermal resistance. Stone wool is the fastest-growing acoustic insulation materials driven by its high use in acoustic insulation applications. The building & construction application of acoustic insulation materials has a wide scope for its expansion, which in turn would help in increasing the consumption for acoustic insulation globally. It is the biggest application of acoustic insulation and is projected to be worth $ 1,648.43 million by 2019.
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