Europe Acoustic Insulation Market Forecast 2018-2026
KEY FINDINGS The Europe acoustic insulation market is showing a moderate growth of nearly 5% CAGR over the forecast period of 2018-2026.
MARKET INSIGHTS Due to increasing market for automotive electronics, industrial machinery, and construction, the demand for acoustic insulation materials is growing in the European region. Germany accounted for the highest revenue share of this market in 2017, and it is expected to continue this dominance throughout the forecast period. The growing automotive industry majorly drives the German market. On the other hand, the Spanish acoustic insulation market is expected to exhibit the highest CAGR between 2018-2026. The use of acoustic insulation material to reduce the noise levels in the building, house, and cars is driving the market growth in this nation. However, fluctuating cost of raw materials is considerably affecting the expansion of the overall Europe acoustic insulation market.
COMPETITIVE INSIGHTS Some of the established players in this market include Kingspan Group Plc, Saint-Gobain SA, Fletcher Insulation, Knauf Insulation Gmbh, Johns Manville Inc, Basf Se, Rockwool International A/S, Owens CorningArmacell Gmbh, and Paroc.