1. Market Research
  2. > Construction
  3. > Building Products Market Trends
Acoustic Insulation Market - Growth, Trends, and Forecast (2019 - 2024)

Acoustic Insulation Market - Growth, Trends, and Forecast (2019 - 2024)

  • October 2019
  • 154 pages
  • ID: 5826196
  • Format: PDF
  • Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

Market Overview
The acoustic insulation market is expected to register a CAGR of over 5.59%, during the forecast period (2019-2024). The major factors driving the market studied include growing interest of consumers for acoustic insulation, for commercial and residential purposes. Stagnant industrial growth in the developed countries is expected to significantly hinder the growth of the market studied.

- Asia-Pacific is expected to dominate the global market, during the forecast period.
- Demand for aesthetic prospects and fire-resistant properties for acoustic insulation is likely to act as an opportunity, in the future.

Key Market Trends
Rising Demand from the Commercial Construction

- The commercial buildings include buildings used for offices, retail, cinema, and other leisure outlets used for conducting operations of the enterprises.
- In commercial buildings, acoustic insulation materials find extensive application in walls, floors, ceilings, waste-water pipes, plant rooms, etc.
- In commercial buildings, there are certain guidelines to avoid external noise intrusion, internal noise, and noise from building services. However, the type of insulation required in the building varies according to the building structure and its need. Commercial construction has been growing at a noticeable pace in Asia-Pacific and Middle East & Africa.
- Asia-Pacific and Middle East & African countries are experiencing huge domestic as well as foreign investments for setting up industrial units, hospitals, malls, multiplexes, hospitality industry, and IT sector.
- Asia-Pacific is an attractive market for foreign companies, due to healthy economic performance of the countries, like India, China, Indonesia, etc., and efforts made by the Middle Eastern countries to develop its tourism and other non-oil sectors, which are driving commercial construction activities in these regions.
- The Indian government has also set an investment target of USD 120.5 billion for developing 27 industrial clusters; this is expected to boost commercial construction in the country.
- China is witnessing the construction of numerous airports in the country, which are either under planning or development phases. In addition, Indian government has also been planning to construct 100 airports by 2032, owing to increasing demand for air commute.
- Hence, all such commercial construction investments and projects have been driving construction activities in these countries, along with the consumption of acoustic insulation materials for application in commercial construction.

China to Dominate the Demand in the Asia-Pacific Region

- China is the largest economy in the entire Asia-Pacific region, in terms of GDP. The growth in the country remains high but is gradually diminishing, as the population is aging, and the economy is rebalancing from investment to consumption, manufacturing to services, and external to internal demand.
- The first year of China’s 13th Five-year Plan (2016) was an important year for the country’s engineering, procurement, and construction (EPC) industry, as it ventured into new business models, both domestically and internationally.
- There has been an increase in investments in the transportation sector in the recent past. China’s transport ministry and National Development and Reform Commission (NDRC) invested approximately USD 688.5 billion between 2016-2018, for constructing 303 key transportation projects, which include railways, highways, waterways, airports, and urban rail.
- Automotive continues to remain the largest sector in the country and is reflecting positive signs for the near future. A large number of Tier I producers are either in the process of expanding their production or starting new production facilities in the country. According to the OICA, automotive production in China declined by 4.2% Y-o-Y in 2018 over 2017, reaching a total of 27,809,196 vehicles.
- By advocating the aforementioned trend, the country recorded over 29 million automobile production in 2017, and declined in 2018, due to the decreasing car sales as a result of the trade dispute with the United States. The production is expected to reach 30 million units by 2020, owing to the “Made in China 2025” initiative, which supports upgrading the existing low-cost mass production to higher value-added advanced manufacturing. “Automobile Mid and Long Term Development Plan” was released in April 2017 with an objective to make China a strong auto power in the next decade.
- Furthermore, countries, such as India and Japan, have also been contributing to the growth of the market studied. This is expected to further drive the demand for acoustic insulation, over the forecast period.

Competitive Landscape
The acoustic insulation market is partially consolidated in nature. Some of the major players of the market studied include Rockwool, Kingspan Group, Owens Corning, and Saint-Gobain.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client’s requirements
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2019

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on