Acoustic Insulation Market 2017 – 2025; Construction industry to drive demand

U.S. Acoustic Insulation Market will generate a revenue of more than USD 5 billion by 2025, primarily fueled by the surging demand across the commercial construction industry.

As per the report, “Acoustic insulation market size will register an annual growth rate of more than 6% over the coming years of 2016 to 2025.”

Rising awareness regarding noise pollution and its harmful effects is likely to stimulate acoustic insulation market, which is projected to exceed a revenue of USD 20 billion by 2025. Surging demand for efficient sound proofing across various industries coupled with stringent government norms regarding sustainable infrastructural development are also a couple of key growth drivers that will stimulate the industry growth.

Russia Acoustic Insulation Market size, by application, 2013-2025 (USD Million)

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  1. Acoustic Insulation market size & forecast by product & application
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  • In terms of applications, Acoustic insulation market size encompasses the transport, industrial, and construction sectors. Transportation application will exhibit a considerable growth rate over the coming eight years, stimulated by the increasing number of noise generating modes of transport such as railways, airways, and roads. Shifting trends toward sound proofing across the automotive sector will also augment the industry growth. The construction application segment was worth USD 4 billion in 2015 and will register noticeable growth over the coming years of 2016 to 2025. High rate of urbanization and the rising per capita income will impel acoustic insulation market growth significantly.
  • Rock wool, glass wool, and polystyrene are the various products of acoustic insulation industry. Polystyrene products are highly preferred for sound proofing owing to reduced operational costs and the fact that they require minimal installation tools. In consequence, polystyrene acoustic insulation market is predicted to surpass a revenue collection of USD 9 billion by 2025. Glass wool product segment collected a revenue of more than USD 3 billion in 2015 and will record significant growth rate over the coming years of 2016 to 2025. This growth can be attributed to high tensile strength, light weight, exceptional resilience, and effective thermal & acoustic characteristics of the product.

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The notable giants in acoustic insulation market share are Knauf Insulation, Rockwool International, Paroc, Fletcher, Owens Corning, Kingspan, Cellecta, Armacell, BASF, AFICO, SIDERISE, Roxul, K-Flex, and Lloyd.

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