Acoustic Insulation Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Acoustic insulation refers to various materials and products that are designed to reduce the transmission of sound through walls, floors, and ceilings. They are intended to block or absorb sound, making them commonly used in construction and renovation projects of residential, commercial, and industrial buildings. The increasing demand for soundproofing in residential and commercial buildings, coupled with the growth in the construction industry, growing concern for noise pollution, and rising awareness about energy conservation, are driving the growth of the global acoustic insulation market. Additionally, government regulations and initiatives aimed at reducing noise pollution and promoting energy-efficient buildings are expected to further propel the growth of acoustic insulation market.

MARKET SCOPE

The Global Acoustic Insulation Market Analysis to 2031 is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the acoustic insulation market with detailed market segmentation by type, end use industry, and geography. The report provides key statistics on the market status of the leading Acoustic insulation market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

Based on type, the global acoustic insulation market is segmented into glass wool, rock wool, foamed plastics, elastomeric foam, and others.

• Based on end use industry, the global acoustic insulation market is segmented into building & construction, transportation, oil & gas, energy & utilities, and others.

MARKET DYNAMICS

Drivers:

• Increasing health concerns.
• Rising mandates for the prevention of noise pollution.
• Growth in the construction industry globally is opportunistic for the growth of the market.

Restraints:

• Lack of awareness in the emerging economies.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Acoustic insulation market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Acoustic insulation market in these regions.

IMPACT OF COVID-19 ON ACOUSTIC INSULATION MARKET

Due to the COVID-19 pandemic, many industries, such as chemical & materials and construction, faced unprecedented challenges due to disruptions in the global supply chain that adversely affected the manufacturing, delivery schedules, and sales of various goods. The market size for acoustic insulation decreased due to a decline in the growth of several industrial sectors. Many production sites were either partially or fully closed to combat the spread of SARS-CoV-2. The COVID-19 pandemic also caused fluctuations in the prices of acoustic insulation due to huge gap in supply and demand.

However, since 2021, the transportation and construction industry has been strongly growing and the growth trend is foreseen to continue over the years. This would propel the consumption of acoustic insulation, thereby likely to bolster the market during the forecast period.

MARKET PLAYERS

The report covers key developments in the acoustic insulation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from acoustic insulation market are anticipated to lucrative growth opportunities in the future with the rising demand for Acoustic insulation in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Acoustic insulation market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• Saint-Gobain
• Rockwool International
• Owens Corning
• Paroc Group
• Kingspan Group
• Armacell International
• BASF
• Fletcher Insulation
• Johns Manville
• Knauf Insulation
• Siderise Group
• Recticel Insulation
• Trelleborg AB
• U.P. Twiga Fiberglass Limited
• Primacoustic
• Autex Group
• Industrial Insulation Group (IIG)
• Cabot Corporation
• Thermafiber Inc.
• Radial Engineering Ltd

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Acoustic Insulation Report Scope