Dublin, Feb. 17, 2015 (GLOBE NEWSWIRE) -- Research and Markets ( http://www.researchandmarkets.com/research/mgljr4/acoustic ) has announced the addition of the "Acoustic Insulation Market by Type, by Application - Global Trends and Forecasts to 2019" report to their offering.
The acoustic insulation market is estimated to witness a CAGR of 5.80% between 2014 and 2019, and is expected to generate a global market value of $4,159.04 million by 2019
This report on acoustic insulation considers its three commonly used applications: building & construction, transportation, and industrial. The global acoustic insulation industry is witnessing high growth because of increasing end-use industry, technological advancements, and growing demand in the Asia-pacific region. Acoustic insulation materials are largely used in building and construction industry. The transportation industry market growth is one of the major drivers for this market. Increasing use of acoustic materials in residential and commercial building is further driving the acoustic insulation market globally.
Building & construction is the largest application of acoustic insulation across the world. The market size, in terms of value for the same is projected to reach $1,648.43 million by 2019. Building codes and regulations, construction of new buildings, population growth, energy costs and sustainability are some of the drivers for acoustic insulation market. Acoustic insulations materials such as stone wool, foamed plastics, and glass wool are expected to show high demand in their respective applications. Stone wool was the majorly consumed acoustic insulation material in 2013.The major advantages of stone wool include excellent thermal insulation, easy installation, superior fire resistance, and increased sound insulating properties.
The prime driver for acoustic insulation materials consumption comes from the increasing demand in developing countries coupled with growing manufacturer's preference for acoustic insulation products in transportation applications. The industrial application such as oil & gas, power generation has a wide scope for its expansion, which in turn would help in increasing the consumption for acoustic insulation materials in the forecasted period.
This report follows both top-down and bottom-up approaches to estimate and forecast the global acoustic insulation market. Competitive scenarios of the top players in the acoustic insulation market have been discussed in detail. We have also profiled the leading players of this industry with their recent developments and other strategic industry activities.
The key participants in this market are Rockwool International A/S (Denmark), Knauf Insulation GmbH (Germany), Saint-Gobain (U.S.), Owens Corning Corporation (U.S.), Johns Manville Corporation (U.S.), Armacell (Germany) BASF SE (Germany), Paroc (Finland), Fletcher Insulation (Australia), and others.
For more information visit http://www.researchandmarkets.com/research/mgljr4/acoustic
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