The acoustic insulation market globally was valued at USD 13.32 Billion in 2020 and is expected to reach USD 20.83 Billion by year 2028, at a CAGR of 5.70%. The study covers the analysis of the acoustic insulation market and discusses its applications. Acoustic insulation, also known as sound insulation, is a form of insulation that provides soundproofing, reducing or preventing the noise between two rooms or from inside the building to the outside and vice versa.
The global market is propelled by several key factors such as increasing noise pollution, government regulations concerning noise control, industrial and technical advancements, increase in the adoption of noise standards among the developed and developing countries across the globe. Environmental Protection Agency (EPA) has put stringent rules on control of sound generation in transportation, which in turn has contributed to market growth. Unwanted noise acts as a significant annoyance in almost any setting from industries, organizations, offices, and residencies. To overcome noise and to improve the serenity of living space, adding acoustic insulation to walls, ceilings, and other surfaces in the homes are considered. Member states of the EU undertake a joint initiative, and European Commission formulated rules with a concern towards energy efficiency and noise control. All new construction in the member should comply with the zero-energy standard by 2020. Acoustic insulation of various types is designed to deflect, absorb, and dissipate noise to keep sound levels at a more manageable level. Macro-economic drivers for acoustic insulation are construction sector output, manufacturing industry output, increase in spending on construction, urbanization trend.
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Some key players Union Foam SpA, Dow Chemical Company, Insumate Ltd, Kingspan Group, Hutchinson.
Further key findings from the report suggest
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Rapid developments in the manufacturing sector and equipment, robust growth in the building and construction sector, high adoption for eco-friendly materials in constructions and increasing demand for smart buildings and smart homes are boosting market growth. Steady increase in the disposable income across the globe, improvements in the standard of living, increasing number of redevelopment plans and high demand for aesthetic look and posh homes are further fueling market growth. In addition, increasing R&D investments, and government schemes to support manufacturing and construction industry are fueling growth of the global Acoustic Insulation market.
For this report, Reports and Data have segmented the Acoustic Insulation market based on type, material type, applications, end-use and region:
Type (Revenue in USD Million; Volume in Tons, 2020–2028)
Material Type (Revenue in USD Million; Volume in Tons, 2020–2028)
Applications (Revenue in USD Million; Volume in Tons, 2020–2028)
End-Use (Revenue in USD Million; Volume in Tons, 2020–2028)
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