The Worldwide Acoustic Insulation Industry is Expected to Reach $17.1 Billion by 2026 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Acoustic Insulation Market by Type (Glass Wool, Rock Wool, Foamed Plastics, Elastomeric Foam), End-Use Industry (Building & Construction, Transportation, Oil & Gas, Energy & Utilities, Industrial & Oem), and Region – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

The global acoustic insulation market size is projected to grow from USD 14.1 billion in 2021 to USD 17.1 billion by 2026, at a CAGR of 3.9% between 2021 and 2026.

Rising population and rapid urbanization in emerging economies and increase in demand from end-use industries are expected to offer significant growth opportunities to manufacturers of acoustic insulation.

Building & construction accounted for the largest share in the acoustic insulation market in terms of value.

Building & construction accounted for the largest share in the acoustic insulation market in terms of value, followed by transportation and other industrial sectors. Urbanization, industrialization, and stringent regulations regarding energy conservation, especially in developing economies, such as China, India, Brazil, Chile, Argentina, Indonesia, Thailand, Malaysia, and South Africa, are the major growth factors for the acoustic insulation market. Commercial buildings consumes more than 80% of the overall consumption of acoustic insulation in the building and construction industry. Acoustic insulation significantly reduces the levels of external noise entering homes, offices, and other commercial buildings, allowing a peaceful environment. In addition, growing demand for acoustic insulation in the automotive industry is also driven by the use of soundproofing applications in engine components and sound systems.

Foamed plastic is the largest type among other acoustic insulation materials.

Foamed plastic is the largest type among other acoustic insulation materials in terms of value, because of its high prices as compared to rock wool and glass wool materials. These plastics are innovative, energy-efficient materials used for insulation and can effectively seal gaps and stop air leaks. Foamed plastics are further segmented into polyethylene, polyurethane, polystyrene, phenolic foam, etc. In addition, glass wool is the second-largest material type in demand, because of its superior sound absorption, low cost, and its increasing use in the building and construction sector. It is thus used in various applications, such as piping, gymnasiums, cinemas, air conditioner duct warming/cooling, machine rooms, ships, office partition walls, and ceiling sound absorption.

APAC is estimated to be the fastest-growing market for acoustic insulation between 2021 and 2026.

APAC is estimated to be the fastest-growing market for acoustic insulation between 2021 and 2026. Growth in APAC is primarily attributed to the fast-paced expansion of the economies such as China, India, and Indonesia. The region has become an attractive location for chemical & petrochemical, power, oil & gas, and cement industries. Growing population increased consumer spending, and rapid industrial expansion are the major factors responsible for the high growth rate of the region. Rapid urbanization and increasing disposable income are the key factors driving the demand for acoustic insulation in India. The manufacturers focus on the high-growth Indian market to gain market share and increase their profitability.

Market Dynamics

Drivers

• Rising Health Issues Associated with Noise Pollution
• Stringent Regulations for Insulation
• Rising Demand from Developing Nations
• Surging Demand for Acoustic Insulation from Industrial Sectors

Restraints

• Slowdown in the European Construction Industry
• Fluctuating Raw Material Prices Due to Volatility in Crude Oil Prices

Opportunities

• Aerogel is the Potential High-Performance Substitute for Glass Wool
• Increasing Focus on Sustainability and Favorable Government Regulations on Energy Efficiency
• Increased Infrastructural Spending in Emerging Economies

Challenges

• Proper Disposable and Recycling Techniques Required
• Low Awareness and High Capital Cost of Acoustic Insulation in Developing Countries

Companies Mentioned

• 3M
• Arabian Fiberglass Insulation Co. Ltd.
• Armacell International
• Basf
• Cabot
• Cellecta Ltd.
• Cellofoam Gmbh
• DoW
• Fletcher Insulation
• Getzner Werkstoffe Gmbh
• Huntsman
• Hush Acoustic
• International Cellulose Corporation
• Johns Manville
• Kingspan Group
• Knauf Insulation
• L’isolante K-Flex S.P.A
• Lanxess
• Owens Corning
• Primacoustic
• Recticel Insulation
• Regupol Bsw Gmbh
• Rockwool International
• Saint-Gobain
• Siderise
• Soprema
• Trelleborg
• Trocellen

For more information about this report visit https://www.researchandmarkets.com/r/9dklv9

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