Vancouver, British Columbia, Dec. 09, 2020 (GLOBE NEWSWIRE) -- The Global Acoustic Insulation Market is projected to be worth USD 19.64 Billion by 2027, according to the current analysis by Emergen Research. The acoustic insulation market is observing high growth attributed to the growing demand for acoustic insulation in the automotive sector. Vehicles generate a substantial amount of various kinds of noises that makes driving very loud and unpleasant.
The noise may cause conversation disruption or create a distraction from the road ahead while driving, which, in turn, may lead to undesired incidents. Moreover, driving in an environment of loud noise can make passengers feel exhausted and fatigued, improving the driving experience. The growth of the automotive industry in the Asia Pacific region, led by China, is significantly contributing to the acoustic insulation market growth.
Get FREE Sample Copy with TOC of the Report to understand the structure of the complete report@ https://www.emergenresearch.com/request-sample-form/344
Key Highlights From The Report
- In February 2020, ROCKWOOL announced the acquisition of the acoustic ceiling business of Paroc Group.
- There is a rising development of absorptive glass-based materials with improved characteristics to absorb and not reflect acoustic waves. These materials are produced from Plexiglas and find extensive application in sound studios.
- Acoustic Batt insulation is gaining considerable popularity in the market and is categorized as non-combustible Euroclass A1 Reaction to Fire classification. It is a semi-rigid slab having 600mm width to cater to standard stud centers, facilitating easy installation of Acoustic Batt.
- Liquid-applied sound damping (LASD) technology accelerates the innovation and faster launch of new automotive models in the market, persuading OEMs to shift from conventional acoustic insulation technology, like bitumen pads.
- North America held a significant market share in 2019 attributed to its developed aerospace sector and rising construction activities, as well as the high disposable income of people.
- Key participants include Knauf Insulation, Saint-Gobain, 3M, BASF SE, Kingspan Group, Rockwool International, Owens Corning, Armacell International, Fletcher Insulation, and Johns Manville, among others.
ORDER NOW (Customized Report Delivered as per Your Specific Requirement)@ https://www.emergenresearch.com/select-license/344
Emergen Research has segmented the Global Acoustic Insulation Market on the basis of product type, distribution channel, industry vertical, and region:
- Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Glass Wool
- Rock Wool
- Foamed Plastics
- Others
- Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Online
- Offline
- Industry Vertical Outlook (Revenue, USD Billion; 2017-2027)
- Building & Construction
- Transportation
- Manufacturing
- Others
To identify the key trends in the industry and read full summary click on the link: https://www.emergenresearch.com/industry-report/acoustic-insulation-market
- Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- Rest of MEA
- North America
Take a Look at our Related Reports:
Spherical graphite market size was valued at USD 2,435.8 Million in 2019 and is forecasted to reach USD 9,598.8 Million by 2027 at a CAGR of 18.6%. The spherical graphite market is observing a double-digit growth attributed to its increasing usage in lithium-ion battery production.
Sodium dichromate market size was valued at USD 759.2 Million in 2019 and is forecasted to reach USD 1,242.4 Million by 2027 at a CAGR of 6.3%. The sodium dichromate market is observing high demand attributed to its increasing application in pigment, metal finishing, chromium compounds preparation, leather tanning, and wood preservative.
Acoustic insulation market size was valued at USD 12.94 Billion in 2019 and is forecasted to reach USD 19.64 Billion by 2027 at a CAGR of 5.3%. The acoustic insulation market is observing high demand attributed to its increasing application in building & construction, automotive, aerospace, and manufacturing.
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Facebook | LinkdIn | Twitter | Blogs
Read Full Press Release@ https://www.emergenresearch.com/press-release/global-acoustic-insulation-market