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Acoustic Insulation Global Market Report 2024 - By Size, Report, Share, Outlook, Forecast To 2033
The Business Research Company presents an extensive market research report on the Acoustic Insulation Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The acoustic insulation market size has grown strongly in recent years. It will grow from $14.58 billion in 2023 to $15.86 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to construction industry growth, regulatory standards, urbanization, automotive industry demand, consumer preferences.
The acoustic insulation market size is expected to see strong growth in the next few years. It will grow to $21.94 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to smart cities initiatives, energy efficiency concerns, growth in hospitality sector, renewable energy projects, government initiatives, global pandemic impact. Major trends in the forecast period include advancements in material technologies, sustainable insulation solutions, technological integration for smart buildings, HVAC systems.
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Key Market Players:
Major companies operating in the acoustic insulation market report are Badische Anilin- und Sodafabrik (BASF), Saint-Gobain, CertainTeed Corporation, Minnesota Mining and Manufacturing Company, Knauf Insulation, Sika AG, Owens Corning, Kingspan Group, Huntsman Corporation, Soprema, Rockwool International, Lapinus Rockwool Pvt Ltd, GAF Materials Corporation, Johns Manville, Armacell International, Fletcher Insulation, Paroc Group, Cellofoam GmbH, Aspen Aerogels Inc., Getzner Werkstoffe GmbH, Ursa Insulation S.A., Regupol Bsw GmbH, Guardian Building Products Limited, Trelleborg India Private Limited, Superglass Holdings PLC, Thermafiber Inc., Sound Seal Holdings Inc., Acoustical Surfaces Inc., TechnoNICOL Corporation, L'isolante K-Flex S.P.A, PAC International Inc., Palziv North America, Pyrotek India Private Limited, Suplet Power Co Ltd., Troldtekt A/S
Market Drivers:
The increase in awareness regarding noise pollution is contributing to the growth of the acoustic insulation market. 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. Moreover, due to rapid urbanization, most of the population is exposed to noise pollution, and consumers and corporates are increasingly investing in soundproofing or acoustic insulation products to reduce the sound levels inside homes and office facilities. Acoustic insulation reduces external noise and helps in reducing sound transmission and vibration. According to the European Environmental Agency, 20% of the population lives in areas where noise levels are considered to be harmful. The rise in noise pollution forced companies to develop solutions for buildings with soundproof walls, and acoustic insulation proved a better method of soundproofing. Thus, increasing awareness of noise pollution drives the growth of the acoustic insulation market.
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https://www.thebusinessresearchcompany.com/report/acoustic-insulation-global-market-report
The acoustic insulation market covered in this report 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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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