Market Demand : Acoustic Insulation Market Globally Grow at a CAGR of 5.83% by Revenue During the Period 2018-2021
Acoustic insulation prevents or reduces the sound transmission by using acoustic insulation materials. It helps to prevent or minimalize the surrounding sound from the interior or exterior spaces by creating a barrier between them.
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The sound waves are transmitted through the building structures such as ceilings, walls, and floors by creating vibrations. Acoustic insulation materials convert the sound and vibration energy into minor heat energy and thus helps in soundproofing. The choice of acoustic insulation materials and its design are the critical aspects to be considered for the efficient acoustic insulation. Acoustic insulation reduces airborne noise transferring through voids and cavities; and is mainly employed in building and construction, transportation, and industrial end-user industries. Acoustic insulating materials possess unique sound absorption properties and thus decreases the sound and acoustic reverberation.
Technavios analysts forecast the global acoustic insulation market to grow at a CAGR of 5.83% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global acoustic insulation market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
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The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Acoustic Insulation Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
3M
Knauf Insulation
Owens Corning
Rockwool International
Saint-Gobain
Other prominent vendors
Acoustical Surfaces
Armacell
BASF
Fletcher Insulation
HUTCHINSON
Johns Manville
Paroc Group
Market driver
Growth in construction sector
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Market challenge
Low awareness about acoustic insulation
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Market trend
APAC dominating the market
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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