Acoustic Insulation Market to Expand at a CAGR of 5.60% Over 2022-2027 | Industry Trends, Share, Statistics, Analysis & Forecast

The latest research study "Acoustic Insulation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global acoustic insulation market size reached US$ 13.36 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 18.67 Billion by 2027, exhibiting a CAGR of 5.60% during 2022-2027.

Industry Definition and Application:

Acoustic insulation, also referred to as soundproofing insulation, is the property of a material to absorb or reflect the sound waves to achieve enhanced hearing comfort. Commonly used materials include fiber belts, mineral wool, bitumen sheets, fiberglass, blown-in cellulose, spray foam, etc., that exhibit improved vibration dampening and sound-absorbing capabilities and aid in minimizing noise pollution. Acoustic insulation can reduce various airborne sounds, such as vehicle horns, radios, loudspeakers, impact, flanking, sounds traveling through the hollow core doors, etc. As a result, this technique finds widespread applications across several sectors, including construction, oil and gas, energy, transportation, industrial, etc.

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What are the major drivers for the acoustic insulation market?

The escalating demand for this solution in commercial, residential, and industrial buildings to minimize external disturbances and improve fire and thermal resistance is among the primary factors driving the acoustic insulation market. Besides this, the elevating requirement for these materials to reduce reverberations and maintain a balanced environment in professional spaces, such as opera halls, recording studios, movie theaters, and laboratories, is further augmenting the market growth.

Apart from this, the growing popularity of aerogel as an effective substitute for glass wool, on account of its higher insulation value, durability, and lightweight, is also catalyzing the global market. Moreover, the implementation of strict regulations by the government bodies regarding noise pollution standards is acting as another significant growth-inducing factor. Furthermore, the rising need for this technique to soundproof operation theaters and hospital wards is expected to bolster the acoustic insulation market in the coming years.

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Report Segmentation:

The report has segmented the market on the basis of region, material type, sales channel and end user.

Breakup by Material Type:
• Stone Wool
• Glass Wool
• Plastic Foam
• Others

Breakup by Sales Channel:
• Offline
• Online

Breakup by End User:
• Building and Construction
• Industrial
• Transportation

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

List of Major Key Players:
• 3M Company
• Armacell
• BASF SE
• Compagnie de Saint-Gobain S.A.
• Fletcher Insulation Pty Limited (Fletcher Building Limited)
• Johns Manville (Berkshire Hathaway Inc.)
• Kingspan Group plc
• Knauf Insulation
• Lanxess AG
• Owens Corning
• Recticel Insulation (Recticel Group)
• Rockwool International A/S
• Trelleborg AB.

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This release was published on openPR.