Global Acoustic Insulation Market Insights, Opportunity Analysis, Market Shares and Forecast 2017-2024

Acoustic Insulation Market by Type (Stone Wool, Glass Wool, Polystyrene, Foamed Plastic, Aerogel, and Cellulose) by End User (Building & Construction, Commercial Building Industry, Residential Building Industry, Transportation, Automotive Industry, Marine Industry, Aerospace Industry) by Region Forecast 2017-2024

Key Findings
Global Acoustic insulation market is projected to grow at an approximate CAGR of 6.15% during the forecast period of 20717-2024. Energy and cost efficiency, growing transportation, rising health concerns and stringent government regulations are the factors driving the acoustic insulation material demand in global market.

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Market Insights
The acoustic insulation market is segmented on the basis of geography, end user, and type. The acoustic insulation type market is segmented into Stone Wool, Glass Wool, Polystyrene Foamed Plastic, Aerogel and Cellulose and Others types. The end-user market is segmented into Building & Construction, Transportation, Industrial and other users. The Building & Construction end-user market is segmented into Commercial building industry and residential building. The Transportation end-user market is segmented into Automotive, Marine and Aerospace industries. On the basis of geography, the acoustic insulation market is segmented into North America, Europe, Asia-Pacific and Rest of the world.
Improvements in the infrastructures of the buildings for acoustic insulation, upsurge in the health concerns and the stern environmental regulations are some of the dominant drivers for the market growth. The acceleration in the demand for acoustic insulation from the developing countries is the primary factor driving the acoustic insulation market. Due to Industrialization, noise pollution is a rising concern which is affecting people, acoustic insulation materials are used to decrease the ill effects of noise pollution. Glass wool and Stone wool Acoustic Insulations are used to block sound and absorb the echo in and around the industrial areas which are laterally driving the Acoustic Insulation market. One of the major markets restraint for Acoustic Insulation market is the decline of the infrastructure industry in Europe. The expansion of the end-user industries and silica aerogel securing traction with its optic, mechanic and acoustic properties are some of the prime opportunities for the growth of Acoustic Insulation market.
Regional Insights
The Acoustic Insulation market in Europe holds the largest market share in the global market. The European Acoustic Insulation market is evaluated to grow at a high CAGR during the forecast period. A substantial growth of the Construction industry is estimated in the Middle East and Africa which will accelerate the Acoustic Insulation market. North America accounts for second largest market share for Acoustic Insulation materials. The escalation in the demand for Acoustic Insulation materials in North America is from the automotive industry and the advancements in the technology create opportunities for market growth. Asia Pacific market is projected to grow during the forecast period with propagating demands from the manufacturing industry.
Competitive Insights
The dominant players of the Acoustic Insulation market are Saint–Gobain S.A., Johns Manville INC., Fletcher Insulation, Knauf Insulation GmbH., Paroc Group, Kingspan Group plc, BASF SE, and Owens Corning.

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