PRN: Worldwide Acoustic Foam Insulation Market Growth at CAGR of 5.9%, 2017-2022 - Research and Markets

17/mar/2017 12.15.11 PR Newswire Turismo Contatta l'autore

Worldwide Acoustic Foam Insulation Market Growth at CAGR of 5.9%, 2017-2022 - Research and Markets

 
[17-March-2017]
 

DUBLIN, Mar 17, 2017 /PRNewswire/ --


Research and Markets has announced the addition of the "Worldwide Acoustic Foam Insulation market - Drivers, Opportunities, Trends & Forecasts up to 2022" report to their offering.

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Global Acoustic Foam Insulation market is expected to grow at a CAGR of 5.9% during the forecast period to reach $7.80 billion by 2022

Industrial applications segment is expected to maintain global dominance in application segments, whereas China and India driven Asia Pacific region is expected to increase its regional share in global acoustic foam insulation.

The demand for acoustic foam insulation is growing consistently, especially in European and Asia Pacific markets. This growth is supported by increasing transportation and building & construction sectors respectively. Currently, Europe is the global leader in the acoustic foam insulation market with Germany being center for premium transportation market. Premium transportation coupled with high standard of living and stringent regulations, Europe accounts for maximum contribution to the global acoustic foam insulation market. Asia Pacific is expected to grow with the fastest growth rate during the forecast period due to growing industrial penetration and increasing per capita income in developing countries.

From the material end, open cell polyurethane foams give high level of fire resistance which makes it suitable for the use in various construction applications. Polyether polyurethane foam is the leading material used in acoustic foam insulation due to relatively cheaper price and good sound proofing quality. Polyester polyurethane has the high cost in comparison to polyether polyurethane due to which it has relatively low market in the acoustic foam insulation market. One of the most expensive, melamine foam is growing in popularity for its light weight property, creating usage especially in aircraft and ceiling panels.

Some of the key players in acoustic foam insulation are BASF, Techlite, PolyOne Corporation, and Dow Chemicals.

Market Dynamics

Drivers

  • Stringent government regulations for noise control in the developed countries
  • Increasing penetration in developing countries

Restraints

  • Low penetration in underdeveloped countries
  • Slow economic growth in developed countries

Opportunities

  • Large untapped market in developing and underdeveloped countries
  • Development of green building products

DRO - Impact Analysis

Key Topics Covered:

1 Report Outline

2 Executive Summary

3 Market Positioning

4 Market Outlook

5 Market Characteristics

6 Materials: Market Size and Analysis

7 Application: Market Size and Analysis

8 Regions: Market Size and Analysis

9 Companies to Watch for

10 Competitive Landscape

11 Expert's Views

Companies Mentioned

  • 3M Company
  • Acoustical Surfaces.Inc
  • BASF SE
  • Bechtel Corporation
  • Boeing Corporation
  • Dow Chemical Company
  • Fiat Chrysler Automobiles N.V
  • General Electric Company
  • Huntsman Corporation
  • K-Flex
  • PolyOne Corporation
  • SINOYQX
  • Siemens AG

For more information about this report visit http://www.researchandmarkets.com/research/xmwlml/worldwide

Media Contact:

Laura Wood, Senior Manager
press@researchandmarkets.com 

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