The global acoustic insulation market size is expected to grow from $12.34 billion in 2021 to $13.21 billion in 2022 at a compound annual growth rate (CAGR) of 6.98%. The growth in the market is mainly due to the companies' rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global acoustic insulation market size is expected to reach $17.53 billion in 2026 at a CAGR of 7.34%.
What is the Global Acoustic Insulation Market?
The acoustic insulation market consists of sales of acoustic insulation products by entities (organizations, sole traders, and partnerships) that are used for soundproofing in various industries. The acoustic insulation creates a barrier between the interior and exterior areas of the wall and prevents noise from entering and exiting from the area. These insulation materials are also used as heat resistance in industries.
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What drives the Global Acoustic Insulation Market?
Increasing awareness regarding noise pollution is contributing to the growth of the acoustic insulation market. The World Health Organization (WHO) defines noise pollution as any sound that is above 65 decibels (dB). Also, noise becomes harmful as it exceeds 75 decibels and is painful above 120 dB. Major reasons for noise pollution are traffic noise, noise at construction sites, rapid industrialization, etc. Moreover, due to rapid urbanization, most of the population is exposed to noise pollution, and consumers and corporates are increasingly investing in soundproofing or acoustic insulation products to reduce the sound levels inside homes and office facilities. Acoustic insulation reduces external noise and helps in reducing sound transmission and vibration. According to the European Environmental Agency, 20% of the population lives in areas where noise levels are considered to be harmful. The rise in noise pollution forced companies to develop solutions for buildings with soundproof walls, and acoustic insulation proved a better way of soundproofing. Thus, increasing awareness of noise pollution propels the growth of the acoustic insulation market.
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Global Acoustic Insulation Market Segments
The global acoustic insulation market is segmented:
By Type: Mineral Wool, Glass Wool, Polymeric Foams, Natural
By End-User Industry: Building and Construction, Transportation, Oil and Gas, Energy and Utilities, Industrial and OEM
By Geography: The regions covered in the acoustic insulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Acoustic Insulation Global Market Report 2022provides market size and growth forecasts for the global acoustic insulation market, global acoustic insulation market share, acoustic insulation market segments and geographies, acoustic insulation market competitive landscape including leading competitors’ revenues, profiles and market shares. The acoustic insulation market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Acoustic Insulation Industry Playersinclude Saint-Gobain, Knauf Insulation, Armacell International, Soprema, Rockwool International, Huntsman Corporation, Owens Corning, Kingspan Group, BASF, Johns Manville, Getzner Werkstoffe GmbH, Cellofoam GmbH, Regupol Bsw Gmbh, The 3M Company, Trelleborg, and L'isolante K-Flex S.P.A. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
