DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Acoustic Insulation Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022" report to their offering.
The market of acoustic insulation witnessed a significant growth in the past few years and expected to reach $ 14.02 Billion by 2022, at a CAGR of 6.04% during the forecast period due to increasing population, and rising transportation industry and building insulation market.
This report on acoustic insulation market consist of three commonly used applications: Transportation, Building & Construction and Industrial. The industry of global acoustic insulation is witnessing significant growth due to increasing technological advancements, end-use industry, and increasing demand in the Asia-Pacific region.
Building & construction is the major application of acoustic insulation in all over the world. Building regulations and codes, population growth, construction of new buildings, energy costs and sustainability are some of the key drivers for acoustic insulation market. Material of Acoustic insulations like stone wool, glass wool and foamed plastics, are anticipated to show high demand in their respective applications.
The major driver for acoustic insulation materials consumption is due to the rising demand in developing countries coupled with increasing manufacturer's preference for products of acoustic insulation in transportation applications. The industrial application such as power generation, oil & gas, has a wider scope for its expansion, which in turn would help in rising the consumption for acoustic insulation materials in the coming period.
The key players in this market are
- Saint-Gobain Sa
- Rockwool International A/S
- Knauf Insulation Gmbh
- Johns Manville Inc.
- Owens Corning
- Kingspan Group Plc
- Armacell Gmbh
- Basf Se
- Fletcher Insulation
Key Topics Covered:
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Geographic Analysis
For more information about this report visit http://www.researchandmarkets.com/research/6wv8t9/global_acoustic