Transparency Market Research in its new report titled, “Acoustic Insulation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the acoustic insulation market. The TMR report anticipates that the increase in health awareness along with the rise in standard of living of the people will drive the acoustic insulation market during the forecast period i.e, 2018-2026. Rise in noise pollution has led to health problems such as hearing impairment, hypertension, heart disease, annoyance, and sleep disturbance among the population. In recognition of this problem, governments have enacted legislation to control the level of noise in buildings and industrial facilities. They are focusing on creating silent zones near hospitals, schools, and other such sensitive locations. People realize the benefits of using noise insulation materials. These are the key factors driving the acoustic insulation market, as per the report.
The TMR report has also discussed about the market restraints during the forecast period such as high cost of installation which is a major factor hampering the acoustic insulation market. Integration of acoustic insulation in infrastructure requires technologically advanced knowledge and expertise, which is not easily available. Similarly, disposability issue associated with acoustic insulation materials is another factor adversely affecting the acoustic insulation market. This issue has become increasingly important in the face of the need to adopt environment-friendly practices. The report has split the global acoustic insulation market based on material, end-user industry, and region. On the basis of material, the acoustic insulation market is divided into glass wool, stone wool, foamed plastic, and fabric soundproofing materials. Foamed plastic is the leading material used for acoustic insulation due to its lower price. Stone wool and glass wool are also equally popular acoustic insulation materials. Based on end-user industry, the acoustic insulation market can be segregated into building & construction, transport, and industrial/HVAC & OEM.
Based on demand, the building & construction segment is estimated to account for major share of the acoustic insulation market during the forecast period, primarily due to the high of volume of construction. Transport and the industrial/HVAC & OEM segments are likely to constitute similar shares of the market during the forecast period. However, the transport segment is relatively new and expected to expand at a faster pace. On a geographical stand, the acoustic insulation market is divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific and Europe are expected to hold key share of the market during the forecast period owing to their higher density of population. Some of the prominent players operating in the acoustic insulation market are profiled in this report to give a better competitive analysis and these include DuPont Inc., Rockwool Group, Knauf Insulation, Johns Manville Corporation, and 3M.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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