May 27, 2021   SOURCE: BusinessWire

Worldwide Acoustic Insulation Industry to 2026 - Players Include Knauf Insulation, Owens Corning and BASF Among Others - ResearchAndMarkets.com

The "Acoustic Insulation Market Based on Type, End-Use Industry and Geography - Global Forecast up to 2026" report has been added to ResearchAndMarkets.com's offering.

The Acoustic Insulation Market is predicted to grow at the rate of 4.6% CAGR by 2026.

This is majorly due to the growing building and construction sector in the past few years and new and modern residential construction, renovating, and repairing constantly increasing activities. The developed and developing economies have significant growth in the building and construction industry. Therefore, the building and construction sector is creating exponential growth in the acoustic insulation market over the forecast period. Acoustic insulation is a technique to minimize sound pollution. This Acoustic insulation can be installed between building rooms, open areas in a factory, public places, and the transport sector.

Remarkably, the acoustic insulation is installed inside the walls, floors, and even on the room's roof to curtail airborne noise transfer from other places. On the other hand, the huge costs associated with installing acoustic insulation materials are likely to limit the acoustic insulation market growth.

Companies Mentioned

  • Fletcher Insulation Pty Limited
  • Johns Manville Inc.
  • Paroc Group Oy
  • Kingspan Group plc
  • Saint-Gobain SA
  • Rockwool International
  • Knauf Insulation
  • Owens Corning
  • BASF SE
  • Armacell International

Acoustic Insulation Market based on Type

  • Glass Wool
  • Rock Wool
  • Foamed Plastics
  • Others

Acoustic Insulation Market based on End-use industry

  • Building & Construction
  • Transportation
  • Manufacturing & Processing
  • Others

Acoustic Insulation Market based on Geography

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

On the basis of the type, the market is categorized into glass wool, rock wool, foamed plastics, and others. Among them, the foamed plastic segment has a dominant share in the market. Beneficial characteristics such as lightweight and heat & noise absorption properties make the product more compatible for decorative purposes, including interior roofs of hotels, conference halls, theatres, hospitals, and many more. Increasing demand for the EPS foamed plastic in several industrial and transportation fields among developing economies will further drive the market growth. Furthermore, key advantages such as quick and less-cost installation, efficient absorption of penetrating forces, and effective fire resistance will increase the complete acoustic insulation market demand.

Further, the acoustic insulation market's end users include Building & Construction, Transportation, Manufacturing & Processing, and Others. The building and construction segment has the highest share in the acoustic insulation market. The rising inclination towards eco-friendly buildings providing effective acoustic and thermal insulation needed for residential, commercial, and industrial purposes will boost the market growth. Remarkable properties of insulation materials such as high fire-resistant, dimensional firmness, eco-friendly property, and chemical resistance are among the key factors that positively impact the product demand.

As per the geography, the market is bifurcated into are North America, Asia Pacific, Europe, and the rest of the world. The Asia Pacific is estimated to gain the highest market share of the acoustic insulation market. The Asia Pacific is the high potential geographical region on account of rising building, construction and transportation sectors. Growing manufacturing bases in the region and escalating transportation sector are projected to trigger regional growth over the prevailing years.

The global acoustic insulation market is majorly influenced by the constant increase in sound pollution-associated standards worldwide. The World Health Organization (WHO) has implemented various noise guidelines in Europe's buildings, resulting in a reviewed impact on environmental noise on people's health, precipitating many initiatives, and increasing awareness in the urban population.

This report provides in-depth information on factors that would propel the acoustic insulation market growth over the next five years

  • This report depicts the accurate evaluation of the acoustic insulation market size and its share in the parent market
  • Precise estimations of forthcoming trends and changes in market dynamics are also included in this report
  • This report provides the acoustic insulation market industry's growth across North America, Asia Pacific, Europe, rest of the world.
  • A complete analysis of the market's competitive outlook and detailed information of vendors is depicted in the study.
  • Comprehensive details of aspects that will challenge the growth of acoustic insulation market players.

For more information about this report visit https://www.researchandmarkets.com/r/tyupci