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Global Acoustic Insulation Market
acoustic insulation market is to be valued at USD 16.7 Bn in 2024 and is expected to reach USD 22.12 Bn by 2031, exhibiting (CAGR) of 4.1% from 2024 to 2031.
BURLINGAME, CALIFORNIA, UNITED STATES, May 24, 2024 /EINPresswire / -- Market Overview:
Acoustic insulation consists of materials used to absorb or block noise in structures like buildings, vehicles, and appliances. It helps in improving sound privacy, controlling noise transmission, and protecting hearing against loud noise.
Market Dynamics:
The increasing demand from construction industry for acoustic insulation solutions is fueling the growth of the global acoustic insulation market. According to the data from International Construction Magazine, the global construction industry will grow at an average annual rate of over 3.5% from 2022 to 2031. Construction projects require acoustic insulation to minimize noise pollution from transportation and neighboring establishments. Moreover, rising awareness regarding health hazards of noise pollution is encouraging adoption of acoustic insulation in industrial and commercial applications. Stringent noise control regulations in developed nations are further expected to drive the market during the forecast period.
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Major Growth Drivers for the Global Acoustic Insulation Market
Rising Construction Activities Globally is Fueling the Demand for Acoustic Insulation
With rapid urbanization and industrialization taking place across major economies, the global construction industry is witnessing robust growth over the past few years. Both residential and commercial construction sectors are expanding at a noteworthy pace which is generating huge demand for acoustic insulation materials to provide noise control solutions. The ever-increasing construction of buildings such as hotels, hospitals, recording studios, auditoriums etc. where noise control plays a vital role is a key factor driving the acoustic insulation market.
Stringent Noise Regulations are Pushing the Need for Effective Noise Barriers
Stringent norms and regulations imposed by government agencies and environmental bodies towards noise pollution control are significantly influencing the demand for acoustic insulation. Various international standards such as Workplace Exposure Limit (WEL), Noise at Work Regulations 2005, Noise Emission in the Environment by Equipment for use Outdoors Directive 2000/14/EC etc. enforce the use of noise barriers and soundproofing materials. Industries are compelled to incorporate acoustic insulation solutions to adhere to regulatory compliances and protect human health from noise hazards. This is positively impacting the growth of global acoustic insulation market.
Major Shaping Trends for the Global Acoustic Insulation Market
Rising Popularity of Advanced Materials
Constant R&D towards developing enhanced acoustic insulation solutions and growing popularity of eco-friendly insulation materials are notable trends in this industry. The shift towards more innovative insulation products made from advanced materials such as aerogel, microfiber and vacuum insulated panels (VIPs) that offer better thermal efficiency, sustainability and acoustic performance than conventional products is expected to stay true in the upcoming years. Going forward, advanced materials are projected to play a bigger role in taking the acoustic insulation industry to the next level.
Worldwide major and leading players within the market are:
★ Gates Industrial Corporation plc
★ Owens Corning
★ Rockwool International
★ Compagnie de Saint-Gobain S.A.
★ Armacell International S.A.
★ BASF
★ Kingspan Group plc
★ Fletcher Insulation
★ CellectaLtd.
★ International Cellulose Corporation
★ Johns Manville
★ Hush Acoustics
★ Siderise
★ Arabian Fiberglass Insulation Company Ltd.
★ L'Isolante K-Flex S.p.A.
★ Dynamic Wool Tex
★ Alaska PUF Industries
★ Shri Radhika Nonwoven Private Limited
★ Insulapack
★ Unidus India
★ SOPREMA
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Segmental Overview
Global Acoustic Insulation Market segmentation offers an in-depth analysis of the various segments of the market, including application, type, end use, and region. The segmentation overview section offers crucial information about the market share, sales, and growth rate for each of the segments over the forecast period. Moreover, an examination of the relative multitude of significant sub-portions in the market has been canvassed in the report a knowledge about the various segments and sub-segments helps businesses recognize the importance of factors that drive industry growth.
The titled segments and sub-section of the Global Acoustic Insulation market are illuminated below:
Global Acoustic Insulation Market, By Product Type:
★ By Type: Mineral Wool, Foamed Plastic, Elastomeric Foam, and Others
★ By End-use Industry: Building and Construction, Transportation, Oil & Gas and Petrochemical, Energy and Utilities, Others (Industrial and OEM, etc.)
Regional Analysis for Global Acoustic Insulation Market:
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Key Highlights of the Report
Offers a comprehensive and holistic analysis of the Global Acoustic Insulation Market.
Evaluates the competitive environments, covering partnerships, joint ventures, acquisitions, and organic growth.
Provides forecast information related to every region and sub-region of the Global Acoustic Insulation market.
Includes information on the key opportunities and challenges faced by key industry players worldwide.
Covers the Global Acoustic Insulation market's current and future market outlook on industry drivers, market restraints, and regional constraints.
The report answers a number of crucial questions, including:
➥ Which companies dominate the global Global Acoustic Insulation market?
➥ What current trends will influence the Global Acoustic Insulation market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular Global Acoustic Insulation market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the market economy globally?
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