Acoustic Insulation Market Share, Challenges, and Growth Prospects Forecast to 2023 having Key Manufacturers: BASF, Johns Manville, Knauf Insulation & Owens Corning

The global acoustic insulation market is expected to showcase a significant growth during the forecast period (2017-2023). The growing demand for sound barriers in commercial buildings and residential buildings in the U.S. is expected to grow the acoustic insulation market for acoustic insulations in the country.

Acoustic insulation is a soundproofing technique that attempts to minimize or prevent sound from entering or escaping an enclosed space by creating a barrier between the interior and exterior areas. It reduces the sound emitted from structures of a room and acoustic reverberation.

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The key trend observed in the acoustic insulation market is the continuous increase in awareness regarding noise pollution. Health awareness and rising standard of living are likely to have a notable impact on the global acoustic insulation industry growth.

Moreover, regulations related to noise control and isolation play a major role in the development of the industry. For instances, the Environmental Protection Agency (EPA) has designed standards to control noise generation in transportation and sound isolation of building surroundings. Most of the countries in the European Union also regulates the airborne, impact and appliance noise levels.

The major restraint observed in the study includes the declining construction industry in the European countries. The financial crisis owing to Brexit had drastic impact on the economy of Europe especially on the construction sector.

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Manufactures in the industry are undergoing continuous R&D to come up with cutting-edge advancement in the industry. Some of the key players in the global market include BASF SE, Johns Manville Inc., Knauf Insulation Gmbh and Owens Corning.

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