CLEVELAND, May 30, 2019 /PRNewswire/ -- China is home to two of the loudest cities in the world ? Guangzhou and Beijing. According to a recent article in The Guardian, "Guangzhou, China, ranked as having the worst levels of noise pollution in the world, followed by Cairo, Paris, Beijing and Delhi." New study Global Acoustic Insulation shows demand for acoustic insulation in China totaling $1.5 billion in 2018, making it the second largest national market in the world in value terms behind the US.
More information about the study is here: https://www.freedoniagroup.com/industry-study/global-acoustic-insulation-3708.htm
Through 2023, demand for acoustic insulation in the Asia/Pacific region is expected to grow 6.3% per annum to $4.3 billion, representing 46% of value growth worldwide. Going forward, gains will be boosted by:
When we include all regions, Freedonia forecasts demand growth at 4.9% per year to reach $11.4 billion in 2023. Despite the popularity of fiberglass in North America and of mineral wool in Eastern Europe, foamed plastic is projected to account for the majority of value gains globally through 2023. Foamed plastic is the most used insulation material in the Asia/Pacific region which will strengthen the material's leading position.
Global Acoustic Insulation (published 05/2019, 358 pages) is available for $5900 from The Freedonia Group. Please link citations to https://www.freedoniagroup.com/industry-study/global-acoustic-insulation-3708.htm
About The Freedonia Group, a division of MarketResearch.com ? The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. The Construction & Building Products studies page is here: https://www.freedoniagroup.com/industry-category/build/construction-building-products.htm.
SOURCE The Freedonia Group