Acoustic Insulation Market Size in Industrial Application by 2021

Acoustic Insulation Market by Type (Stone Wool, Glass Wool, and Foamed Plastics), End-Use Industry (Building & Construction, Transportation, and Industrial), and by Region - Global Forecast to 2021 By MarketsandMarkets

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Acoustic Insulation Market: Global Forecast to 2021 “Increasing investments in building & construction and transportation end-use industries are driving the demand for acoustic insulation” The market size of acoustic insulation is projected to reach USD 13.57 billion by 2021, at a CAGR of 5.50%, between 2016 and 2021. Currently, the use of acoustic insulation is rapidly increasing in the building & construction and transportation industries, globally. The demand for acoustic insulation has increased in the building & construction industry due to rising standard of living in residential and infrastructural developments in the commercial building sector.

“Transportation: The fastest-growing end-use industry of acoustic insulation” The transportation end-use industry is estimated to register the highest CAGR, between 2016 and 2021, in terms of both value and volume. The high growth is attributed to the growing demand from the automotive industry, resulting in high growth rate for acoustic insulation products. Increased developments and activities in the transportation industry for soundproofing applications drive the market for acoustic insulation in this industry.

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Acoustic Insulation Market: Global Forecast to 2021 “Rising demand from Asia-Pacific: A major driver for the acoustic insulation market“ In 2015, Asia-Pacific was the largest acoustic insulation market, in terms of value. It is estimated to retain the market leadership during the forecast period. China and Japan are the two major markets for acoustic insulations in Asia-Pacific. The Chinese building & construction industry has the largest share in Asia-Pacific, resulting in a high demand for acoustic insulation owing to its increased use in the commercial building sector for soundproofing applications.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted.

The break-up of primary interviews is given below:  By Company Type - Tier 1 - 33%, Tier 2 – 60%, and Others - 7%  By Designation - C level - 56%, Director level - 33%, and Others - 11%  By Region - North America - 13%, Europe - 47%, Asia-Pacific - 20%, The Middle East & Africa – 13%, and South America – 7%

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Acoustic Insulation Market: Global Forecast to 2021 The key companies profiled in this market research report are Rockwool International A/S (Denmark), Knauf Insulation GmbH (Germany), Saint-Gobain SA (U.S.), Owens Corning Corporation (U.S.), Johns Manville Corporation (U.S.), Kingspan Group PLC (Ireland), Armacell GmbH (Germany), Paroc (Finland), Fletcher Insulation (Australia), and others.

Complete report on Acoustic Insulation Market spread across 195 pages, profiling 10 companies and supported with 165 tables and 60 figures is now available at http://www.rnrmarketresearch.com/acoustic-insulation-market-by-type-mineral-woolglass-wool-foamed-plastics-by-application-building-construction-industrial-transportationglobal-trends-and-forecasts-to-2019-market-report.html .

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Acoustic Insulation Market: Global Forecast to 2021 Table of Contents: 1 Introduction 7 Acoustic Insulation Market, By Type 2 Research Methodology 8 Acoustic Insulation Market, By End-Use Industry 3 Executive Summary 9 Acoustic Insulation Market, By Region 4 Premium Insights 5 Market Overview 6 Industry Trends

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Acoustic Insulation Market: Global Forecast to 2021 For more details contact Mr. Ritesh Tiwari: sales@rnrmarketresearch.com / +18883915441

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