Summary

The Acoustic Insulation Market stood at 11.4 billion in 2021 and is expected to grow at a steady rate of around 4% owing to the rising health issue associated with noise pollution. Acoustic insulation, also known as sound insulation or soundproofing, refers to the techniques and materials used to reduce or control the transmission of sound from one area to another. Its purpose is to minimize the impact of unwanted noise, whether from external sources or between different spaces. The primary goal of acoustic insulation is to create a barrier that prevents sound waves from passing through or significantly reduces their intensity. Sound waves are vibrations that travel through the air or other materials in the form of pressure waves. When these waves encounter a barrier, they can be reflected, absorbed, or transmitted. Moreover, the strict noise pollution regulations and expansion of acoustic insulation in infrastructure are other factors helping the market to grow. Additionally, the noise pollution-related rules and the rapidly growing construction industry, especially in Asia-Pacific are some of the most prominent factors contributing to the growth of the market. For instance, according to the Government of India, the construction Industry in India is expected to reach USD 1.4 trillion by 2025.

Some of the major players operating in the market include Saint-Gobain Group; ROCKWOOL A/S; Owens Corning; Kingspan Group; Armacell; BASF SE; Knauf Insulation; Fletcher Insulation; Cellecta, Inc.; and Johns Manville. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst product, the polymeric foams segment is expected to grow at a prominent CAGR during the forecast period”
Based on product, the market is segmented into mineral wool, glass wool, polymeric foams, and natural. The polymeric foams segment is expected to grow at a prominent CAGR during the forecasted period owing to the high investments in construction industries. Moreover, the growth of the segments is also being influenced by the advantages offered by polymeric foams, such as their cost-effectiveness, dust resistance, and resistance to moisture accumulation. In addition, these plastics' tough and resilient surface provides a high degree of puncture resistance, increasing demand for polymeric foams.

“Amongst application, the non-residential segment catered to a significant share of the market in 2021”
By application, the market is bifurcated into residential and non-residential. The non-residential segment catered to a significant share of the global acoustic insulation market in 2021 majorly due to the rapid growth of office buildings, hotels and motels, restaurants, malls, warehouses, gyms, and recreational buildings developed by general contractors and design-build companies. Additionally, non-residential applications of building acoustic insulation are likely to see an increase in demand due to the fact that acoustic insulation enhances employee performance and productivity, makes it possible for employees to communicate with one another effectively, and protects their privacy.

“Asia-Pacific held a significant share of the global acoustic insulation market in 2021”
Asia-Pacific held a significant share of the global acoustic insulation market in 2021. The increasing demand for acoustic insulation in the Asia Pacific region can be attributed to rapid urbanization, higher living standards, the growth of the construction sector, and the emphasis on sustainable development. As people recognize the importance of acoustic comfort and the need to create peaceful environments, the market for effective soundproofing solutions continues to expand, catering to the evolving needs of individuals, businesses, and regulatory bodies in the region.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global acoustic insulation market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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