Acoustic Insulation Market valuation will reach USD 19.30 billion by the end o

Posted by omkar on October 9th, 2019

The Global Acoustic Insulation Market size is estimated to be USD 12.54 billion in 2019 and is predicted to reach USD 19.30 billion by 2030 with a CAGR of 4.0% from 2020-2030.

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Acoustic insulation materials are referred to as those materials which are being used either for noise reduction or noise absorption. As noise pollution is capable of causing harmful effects on human health accounting for hearing problems, hypertension, sleep disturbances, psychological losses, and others. Its designing is considered to be as one of the most complex sides of construction and architecture that assured insulation system to maintain the acoustic quality of the building. Acoustic insulation has successfully achieved the target of sound insulation for walls, ceiling sound insulation, and floor sound insulation. They are also available in the market, on the basis of their thickness that may vary from 25 mm to 100 mm thick.

Market Dynamics and Trend

Growing rural to urban migration due to rapid urbanization and industrialization have raised the issue for the government to meet the energy demand and to reduce the noise pollution. Hence, increasing government’s initiation and proposals for the formulation of regulations for controlling noise pollution and offering energy efficient buildings to the citizens is the prime reason responsible for driving the growth of the market. As a result, numerous regional organizations of the United States and European Union have formulated and adopted a number of policies to meet the need for sustainable.

Acoustic insulation market is driven by the increasing health issues among people, growing demand from developing countries, and elevating residential and commercial construction activities. In addition, the factors like increasing governments focus on controlling noise pollution and increasing consumer awareness about energy consumption the responsible in propelling the growth of the market. However, the lack of awareness of Acoustic insulation material coupled with the slowdown in the European construction industry restricts the growth of the market.

Increasing demand for acoustic insulation material and availability of potential high-performance substitutes of glass wool like aerogel creates a great opportunity for this market. Additionally, the fire resistance properties for acoustic insulation, increasing adoption and awareness about green products and application of stainless steel wool for sound dampening are another factors that create ample opportunities for acoustic materials worldwide. Lastly, the lack of disposability and recycling processes serves to be the major challenge of the market.

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The global Acoustic Insulation market share is analyzed on the basis of product, end use, and geography. On the basis of product, the acoustic insulation market is segmented into glass wool, rock wool, foamed plastic, and others. On the basis of end use, building & construction, residential, commercial, industrial, transportation, automotive, marine, and aerospace. Building & construction of end-use segment reported to have the largest market size. Lastly, regional analysis of acoustic insulation market comprises of North America, Europe, Asia Pacific, and Latin America and Middle East.

Competitive Landscape

Comprehensive competitive analysis and profiles of major market players such Armacell International S.A., BASF Polyurethanes GmbH, Cellecta Ltd., Fletcher Insulations, Johns Manville Inc., King span Group, Knauf Insulation, Owens Corning Corporation, Rockwool International and Saint-Gobain SA..