Acoustic Insulation Market To Get Significant Proceeds By 2025

Acoustic insulation market is anticipated to experience exceptional transformation in the foreseeable future due to surging consumer expenditure and favorable new housing policies in developed as well as developing nations. Strict regulatory norms and policies about a substantial reduction in the level of greenhouse gas emissions will offer a positive scope for the industry expansion. Improved standard of living and growth identified in online sales channel are considered some of the chief factors encouraging the market growth through 2025.

Significant R&D investments led by technological advancements and constant innovations will further elevate the market scope during the forecast period. Rapid boom identified in the transportation sector due to soaring consumer demand for comfortable driving experience and sound-proof vehicles will propel the product demand in the long run. Rising concerns regarding employee comfort level and the increasing need for noise-free environment in commercial buildings will further aid the product deployment.

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Surging requirement for energy efficient buildings with sound dampening, strict building codes, and recovery in building & construction expenses are some of the major factors driving the market worldwide. Acoustic insulation market share is poised to exceed USD 17 billion by the end of 2025, as per a report by Global Market Insights, Inc.

In terms of product, the fiberglass/glass wool segment is estimated to garner a CAGR of 5% over 2018-2025. Factors like significant sound absorption and high corrosion and temperature resistance will propel the product penetration. Rapid growth observed in infrastructure spending and strict building mandates with high focus on efficient energy usage and sustainability will accelerate the fiberglass/glass wool acoustic insulation market growth.

Speaking of the application landscape, transportation sector led the industry having accounted for 25% of the global share in 2018. The segment is expected to showcase similar growth graph driven by the increased product usage in railways, automotive vehicles, and airports. Acoustic products are increasingly being used in vehicles due to rising demand for vehicles with low engine noise. This has led the manufacturers to develop vehicles which are deployed with improved automotive soundproofing, in turn providing an impetus to acoustic insulation market trends.

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Asia Pacific is considered to be the fastest expanding region in the acoustic insulation market and is estimated to register a CAGR of 5.5% over 2018-2025. The regional growth can be majorly attributed to the rapid urbanization with advent of government projects in tier-I as well as tier-II regions. The recent focus on fire safety in high-rise buildings, especially in economies like Japan and China has led to an increased demand for non-combustible stone wool products, thereby propelling regional acoustic insulation market trends. Moreover, manufacturers in the APAC are trying to expand their existing production capacities in order to cope up with the rising demand for soundproofing material, which is further estimated to offer the industry a notable thrust.

Europe is another prominent region slated to stand tall in the global landscape. Heavy R&D investments toward sustainable & environment friendly product launches, expanding smart infrastructure, IoT penetration, and stringent regulatory framework are some of the chief factors fueling Europe acoustic insulation market outlook.

Recticel, BASF, Rockwool International A/S, Knauf Insulation, K-FLEX, Kingspan Group, Owens Corning Corp., Armacell International S.A., and Siderise are some of the major manufacturers of acoustic insulation across the globe. Strategies such as M&As, product and regional expansion, and collaborations are anticipated to characterize the competitive landscape of acoustic insulation market through 2025.

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