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Acoustic Insulation Market Analysis 2023: Size, Growth, Outlook, Industry Trends And Forecast To 2032 | Saint-Gobain, Knauf Insulation, Armacell International, Soprema, Rockwool International
Acoustic Insulation Market
The Business Research Company's Acoustic Insulation Global Market Report 2023 identifies increase in awareness regarding noise pollution as the major driver for the Acoustic Insulation market's growth in the forecast period. The World Health Organization (WHO) defines noise pollution as any sound that is above 65 decibels (dB). Also, noise becomes harmful as it exceeds 75 decibels (dB) and is painful above 120 decibels (dB). Major reasons for noise pollution are traffic noise, noise at construction sites, rapid industrialization, etc.
The global acoustic insulation market size grew from $13.31 billion in 2022 to $14.35 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The acoustic insulation market report size is expected to grow to $19.26 billion in 2027 at a CAGR of 7.6%.
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Major competitors in the Acoustic Insulation market are Saint-Gobain, Knauf Insulation, Armacell International, Soprema, Rockwool International.
A key trend in the Acoustic Insulation market includes Product Innovation. The key players in the acoustic insulation market are focusing on developing innovative products with advanced technologies with greater efficiency to limit the sound between the rooms. For instance, in June 2019, Knauf Insulation, a Belgium-based manufacturer of insulation products, launched a new acoustic batt at the African Construction Expo. Acoustic Batt is a high-performance mineral wool insulation slab used to reduce noise between rooms in internal partition walls and immediate floors.
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The Acoustic Insulation market is segmented -
1. By Type: Mineral Wool, Glass Wool, Polymeric Foams, Natural
2. By End-User Industry: Building & Construction, Transportation, Oil & Gas, Energy & Utilities, Industrial & OEM
3. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the Acoustic Insulation market.
The Business Research Company's "Global Acoustic Insulation Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Acoustic Insulation Market Include:
1. Executive Summary
2. Acoustic Insulation Market Characteristics
3. Acoustic Insulation Market Trends And Strategies
4. Acoustic Insulation Market - Macro Economic Scenario
5. Acoustic Insulation Market Size And Growth
……
26. Africa Acoustic Insulation Market
27. Acoustic Insulation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Acoustic Insulation Market
29. Acoustic Insulation Market Future Outlook and Potential Analysis
30. Appendix
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