Global Acoustic Insulation Market to Reach 16.55 Bn by 2025, States Grand View Research in Its Report Available at MarketPublishers.com07 Dec 2016 • by Natalie Aster
LONDON – The value of the global acoustic insulation market is expected to reach USD 16.55 billion by 2025. Increasing living standards, awareness with respect to the health effects of noise pollution on humans, and compulsory regulations have been the major factors that have been stimulating the growth of the acoustic insulation market in recent years.
Moving forward, the market growth is expected to be driven by consumer requirements and incentives, whilst favourable regulations are also set to play an essential role in shaping the industry. Technological advances in industrial processing, construction, and transportation industry sectors are likely to play an important role in the growth of the acoustic insulation market in the foreseeable future.
Product-wise, foamed plastic is poised to see the fastest revenue growth of 6.2% to 2025. Improved acoustic performance, ease of installation alongside with the dual benefits of acoustic as well as thermal insulation provided are projected to boost the product demand.
Mainly driven by consumer demand and regulations, the building and construction sector takes the lead in the market with a volume share surpassing 55% as of 2015. Regulations and consumer demand mainly drive segment penetration.
Region-wise, APAC acoustic insulation demand is likely to grow at 6.2% CAGR to 2025. The rapid development of the transportation and construction sectors in the region is set to propel the market growth.
Topical study “Acoustic Insulation Market Analysis” elaborated by Grand View Research offers a detailed analysis of the market worldwide. It provides granular market segmentation based on product type, end user, and by geographic region. It analyses the market size and growth prospects through to 2024; contains a value chain analysis; discusses key market drivers, restraints, and opportunities; and offers PESTEL analysis for 2015, and includes Porter’s five forces analysis. The report also canvasses the competitive scenario and profiles the top 10 industry players.
More research studies by this publisher are available at Grand View Research page.