Acoustic Insulation Market to Witness Huge Growth by Key Players: Saint Gobain, Knauf Insulation, Armacell International, Soprema

Rapid urbanization in emerging economies and increasing demand from end-users are expected to provide growth opportunities to acoustic insulation manufacturers. As a result, the global acoustic insulation market is set to witness a CAGR of 3.6 %, whereas the market size is projected to grow from USD14.1billion in 2021 to USD17.1 billion by 2026. The primary vital factors responsible for global acoustic insulation market growth are rising population, hypertension, heart disease, and much more.

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Acoustic insulation is utilized to reflect or absorb sounds to acoustic comfort. In addition, it has the ability of the insulation material to reduce the sound pressure concerning a specified sound source or receptor. Thus, it helps reduce noise pollution and provides a safer work environment where noise pollution can increase hearing damage.

The commercial building consumes more than 80% of the overall consumption of acoustic insulation in the building and construction industry. As a result, building and construction contribute as the largest share in the acoustic insulation market in terms of value, followed by transportation and other industrial sectors.

Asia Pacific region is the fastest-growing market for acoustic insulation during the estimated period. The fast-paced economies like China, India, and Indonesia are responsible for the acoustic insulation market growth. In addition, the region has become an attractive location for power, oil&gas, chemical & petrochemical, and cement industries. Rising population, consumer spending, and rapid industrial expansion are the major factors responsible for the region’s market growth rate.

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Rapid urbanization and increasing disposable income are the key factors driving the demand for acoustic insulation in India. Therefore, the manufacturers focus on the high-growth Indian market to gain market share and increase their profitability.

The key players in this market are Saint Gobain (France), Knauf Insulation (US), Armacell International (Germany), Soprema (France), Rockwool International (Denmark), Huntsman (US), Owens Corning (US), Kingspan Group (Ireland), BASF SE (Germany), and Johns Manville (US).
The report covers prominent players and experts ranging from Tie 1 to supplies depending upon type, region, and designations.

● By Company Type: Tier 1 – 55%, Tier 2 – 30%, and Tier 3 – 15%
● By Designation: C Level Executives– 21%, Directors – 23%, and Others – 56%
● By Region: APAC – 15%, Europe – 27%, North America – 45%, the Middle East & Africa –6%, and South America- 7%

The Acoustic Insulation Market research provides an in-depth analysis of the market players and their company profiles, product launches, recent development, business offers, and much more. It includes market growth and size across different segments depending upon component, type, end-user, actuation, and region. These top-notch insights help to develop robust market strategies which allow businesses to drive in the market successfully.

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Foamed plastic is the most significant acoustic insulation material in terms of value due to its expensive cost compared to glass wool materials and rock wool. These plastics are energy-efficient materials, innovative, and can effectively seal gaps and stop air leaks. Moreover, Foamed plastics are further segmented into polyethylene, polystyrene, phenolic foam, polyurethane, and much more. Glass wool is the second-largest material type in demand due to its superior sound absorption, low cost, and rising usage in the building and construction sector. Moreover, various applications like cinemas, air conditioner duct warming/cooling, machine rooms, office partition walls, ships, and gymnasiums use foam plastic to reduce noise pollution.

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This release was published on openPR.