Acoustic Insulation Market Size, Share, Development, Growth and Demand Forecast to 2023 By P&S Market Research

Acoustic insulation is a soundproofing technique that attempts to minimize or prevent sound from entering or escaping an enclosed space by creating a barrier between the interior and exterior areas. It reduces the sound emitted from structures of a room and acoustic reverberation. Acoustic designing is one of the most complex side of architecture and construction used to develop insulation systems to achieve appropriate acoustic quality of the buildings. Acoustic insulation market finds the application of the acoustic insulation in some of the major applications including wall insulation, floor insulation, structure insulation, engine insulation and insulation in heating, ventilation and air conditioning (HVAC) systems.

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The global acoustic insulation market is expected to showcase a significant growth during the forecast period (2017-2023). The growing demand for sound barriers in commercial buildings and residential buildings in the U.S. is expected to grow the acoustic insulation market for acoustic insulations in the country. Additionally, the renovation policies for the buildings in the U.S. is further expected to drive the acoustic insulation market for sound barriers; however, the declining trend of the construction industry in European Union is expected to hinder the growth of the market during the forecast period.

The acoustic insulation market for acoustic insulation is segmented on the basis of type as mineral wool, recycled products, plastic foams and natural acoustic insulations. The mineral wool segment comprising glass wool and stone wool dominated the market in 2016 owing to their relative small size and the ease of implementing it on the small pockets of walls and ceilings.

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The major drivers observed in the study include the renovation activities in the construction industry in the U.S. and the government regulations worldwide to reduce the extent of noise pollution. The construction industry in the U.S. is expected to have scope to proceed in 2017. The U.S. economy in 2017 is anticipated to see job growth and the market fundamentals for commercial real estate is expected to remain healthy. For 2017, the construction are forecast to rise 5% to USD 713 billion, gains of 8% are expected for both residential building and non-residential building. Hence, the trend is expected to drive the market for acoustic insulation in the country.

The global acoustic insulation market has a lot of potential scope in it. The major players in the acoustic insulation market are adopting significant competitive strategies such as merger, acquisitions and joint ventures to hold a competitive stance in the global acoustic insulation market. Manufactures in the industry are undergoing continuous R&D to come up with cutting-edge advancement in the industry. Some of the key players in the global market include BASF SE, Johns Manville Inc., Knauf Insulation Gmbh and Owens Corning.

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