Acoustic Insulation Global Market Worth $21.94 Billion By 2028 Rapid Growth Predicted CAGR of 8.4% | Sika AG, Owens Corning, Kingspan Group, Paroc Group, Cellofoam GmbH

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Acoustic Insulation Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $21.94 billion In 2028 At A CAGR Of 8.4% :

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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Acoustic Insulation Market Major Segments
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

Key Driver - Growing Concerns Over Noise Pollution Propel Expansion Of The Acoustic Insulation Market

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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Prominent Trend - Innovative Acoustic Solutions Redefine Noise Reduction In Drainage Pipes

The key players in the acoustic insulation market are focusing on developing innovative products with advanced technologies and greater efficiency to limit the sound between rooms. For instance, in June 2023, Armacell, a Luxembourg-based manufacturer of insulation products, launched ArmaComfort ABJ, a new multi-layer acoustic system solution designed to reduce noise in various applications. This innovative product is specifically tailored to address the issue of noise in drainage pipes, offering a flexible and easy-to-fit solution for acoustic insulation.

Acoustic Insulation 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

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Largest And Fastest Growing Region In The Market
Western Europe was the largest region in the acoustic insulation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the acoustic insulation market share during the forecast period. The regions covered in the acoustic insulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Acoustic Insulation Market Report Structure
3. Acoustic Insulation Market Trends And Strategies
4. Acoustic Insulation Market - Macro Economic Scenario
5. Acoustic Insulation Market Size And Growth
…..
27. Acoustic Insulation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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