PRN: Worldwide Acoustic Foam Insulation Market Growth at CAGR of 5.9%, 2017-2022 - Research and Markets
Worldwide Acoustic Foam Insulation Market Growth at CAGR of 5.9%, 2017-2022 - Research and Markets
DUBLIN, Mar 17, 2017 /PRNewswire/ --
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.
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
For more information about this report visit http://www.researchandmarkets.com/research/xmwlml/worldwide
Laura Wood, Senior Manager