Jay Mangade's blog : Global Acoustic Insulation Market: Industry Analysis and Forecast 2020 – 2026
Global Acoustic Insulation Market size was valued US$ XX Bn. in 2019 and the total revenue is expected to grow at 5.32% through 2020 to 2026, reaching nearly US$ XX Bn.
The report covers an in-depth analysis of COVID 19 pandemic impact on the Global Acoustic Insulation Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market.
Global Acoustic Insulation Market by type
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Global Acoustic Insulation Market Overview:
Acoustic insulation is designed to deflect, absorb and reduce noise to prevent transmission of sound. Plastic foams, with XPS and EPS, are profoundly used for insulation.
The global acoustic insulation market is being driven by growing health concern because of noise pollution. As per the World Health Organization (WHO), occupational noise exposure is the second most major risk factor followed by workplace injuries, accounting for 22 % of the total workplace-related health issues in 2018. The stringent regulations levied by various governments are further fueling the growth of the acoustic insulation market.
According to the Health & Safety Executive, the U.K. based government agency, in the U.K. alone, nearly 21,000 workers suffered from work-related hearing problems from 2016-2019.
On the flip side, the slowdown in the industrial sector is hindering the growth of the global acoustic insulation market. As stated by the UNIDO (United Nations Industrial Development Organization), the rate of worldwide industrial growth slowed down, mostly as a consequence of tariff and trade barriers. In 2019, the global industrial sector value rose by 3.6%, slightly lower than the 3.8% growth in 2018. This slowdown is mostly credited to the ongoing trade and price barriers including the U.S. and China, as well as the United States and the European Union (EU), limiting investment and the upcoming growth in the global acoustic insulation market.
Global Acoustic Insulation Market Segmentation:
The MMR report covers all segments in the acoustic insulation market such as type and end-user. Based on end-user, the building & construction segment held the largest market share of XX%, with market size of US$ XX Bn. In 2019 thanks to developing construction of new buildings, building codes & regulations, and expansion in the urban population. According to Canadian statistics, total investment in the building & construction sector in Canada reached nearly US$ 15.6 Bn. in Sept 2019, which increased 1.0 % from August 2019. The construction sector asset has witnessed an increase for both non-residential and residential construction with 0.4% and 1.2%, respectively. However, the transportation segment is expected to reach US$ XX Bn. by 2026 at a CAGR of 6% over 2020-2026, owing to an increase in demand for acoustic insulation from the aerospace and automotive industries.
By type, the rock wool segment is estimated to account for 45% of the total market share in 2020 and is expected to grow at the highest CAGR of 5.94% during the forecast period. This growth is driven by its superior properties like excellent fire resistance, sound absorption, moisture & water repellent, heat insulation and high-density properties.
Global Acoustic Insulation Market Regional Analysis:
Europe Acoustic Insulation Market was valued at US$ XX.12 Bn. in 2019 and is expected to reach a value of US$ XX.56 Bn. by 2026, with a CAGR of XX.23% during 2020-2026. Rising awareness among the construction industry and government authorities is to offer positive scope for product penetration in the EU. Also, stringent environmental rules and regulations in European economies towards the presence of acoustic insulation products in school buildings seem to drive the product demand. Such as, the government of the UK has the building bulletin 93 regulation needing minimum acoustic performance principles for the school buildings construction.
However, Asia Pacific is expected to account for the largest XX% market share by 2026 thanks to growing automotive and construction industries in developing economies like India, China, South Korea, Malaysia, Indonesia, and others.
Competitive Landscape:
The MMR report covers the recent developments in the global acoustic insulation market as organic and inorganic growth strategies. Many players are focusing on organic growth strategies like product launches, product approvals and others. For example, In March 2019, Schock Company launched new acoustic insulation solution which will help the compact to strengthen their position as the worker of acoustic and thermal insulation technology. Their novel Tronsole impact sound insulation solution for both winding and straight staircases for all structural subdivisions.
The objective of the report is to present a comprehensive analysis of the Global Acoustic Insulation Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Acoustic Insulation Market dynamics, structure by analyzing the market segments and project the Global Acoustic Insulation Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Acoustic Insulation Market make the report investor’s guide.
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Global Acoustic Insulation Market, Key Highlights:
• Global Acoustic Insulation Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Acoustic Insulation Market
• Global Acoustic Insulation Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Acoustic Insulation Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Acoustic Insulation Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Acoustic Insulation Market are also profiled.
Scope of the Global Acoustic Insulation Market: Inquire before buying
Global Acoustic Insulation Market
Global Acoustic Insulation Market, by Region
• North America
• Europe
• Asia-Pacific
• Middle East& Africa
• South America
Global Acoustic Insulation Market Key Players
• Rockwool International
• Saint-Gobain
• International Cellulose Corporation
• Knauf Insulation
• Johns Manville
• Owens Corning
• Paroc Group
• Trocellen
• Kingspan Group
• Kcc Corporation
• Armacell International
• BASF
• Schöck
• Acoustical Surfaces, Inc.
• Fletcher Insulation
• Acoustic Insulation Manufacturing Limited
• Cellecta
• K-Flex
• Siderise
• Recticel
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