2022 Acoustic Insulation Market (importance and benefits) | Check Details Here

The global acoustic insulation market size is projected to grow from USD 14.1 billion in 2021 to USD 17.1 billion by 2026, at a CAGR of 3.9% between 2021 and 2026.

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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).

"Building & construction accounted for the largest share in the acoustic insulation market in terms of value."
Building & construction accounted for the largest share in the acoustic insulation market in terms of value, followed by transportation and other industrial sectors. Urbanization, industrialization, and stringent regulations regarding energy conservation, especially in developing economies, such as China, India, Brazil, Chile, Argentina, Indonesia, Thailand, Malaysia, and South Africa, are the major growth factors for the acoustic insulation market.

"Foamed plastic is the largest type among other acoustic insulation materials."
Foamed plastic is the largest type among other acoustic insulation materials in terms of value, because of its high prices as compared to rock wool and glass wool materials. These plastics are innovative, energy-efficient materials used for insulation and can effectively seal gaps and stop air leaks.

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"APAC is estimated to be the fastest-growing market for acoustic insulation between 2021 and 2026."
APAC is estimated to be the fastest-growing market for acoustic insulation between 2021 and 2026. Growth in APAC is primarily attributed to the fast-paced expansion of the economies such as China, India, and Indonesia. The region has become an attractive location for chemical & petrochemical, power, oil & gas, and cement industries.

Research Coverage:
The report offers insights into the acoustic insulation market in key regions. It aims at estimating the size of the acoustic insulation market during the forecast period and projects future growth of the market across various segments based on type, application, compound, end-use industry, and region.

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