Acoustic Insulation Market - 5.5% CAGR led by Building and Construction to 2021

PUNE, India, July 27, 2016 /PRNewswire/ --

The acoustic insulation market is forecast to reach $13.57 billion by 2021 at a CAGR of 5.5% during (2016-2021) driven by increasing investments in building & construction and transportation end-use industries, while commercial buildings consume more than 80% of the overall consumption of acoustic insulations in the building & construction industry.

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.reportsnreports.com/reports/323138-acoustic-insulation-market-by-type-mineral-wool-glass-wool-foamed-plastics-by-application-building-construction-industrial-transportation-global-trends-and-forecasts-to-2019.html .

Transportation: The fastest-growing end-use industry of acoustic insulation market. 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.  

The key companies profiled in the "Acoustic Insulation 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) and Fletcher Insulation (Australia).

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.

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 addition, high growth in the transportation industry for increased usage in soundproofing applications in engine components and panels is likely to drive the demand for acoustic insulation in China, Japan, and South Korea. Order a copy of "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" research report at http://www.reportsnreports.com/purchase.aspx?name=323138 .