CHICAGO, Aug. 19,
2024 /PRNewswire/ -- The
report "Acoustic Insulation Market by
Material (Glass Wool, Rock Wool, Foamed Plastic, Elastomeric Foam),
End-Use Industry (Building & Construction, Transportation, Oil
& Gas, Energy & Utilities, Industrial & OEM), and
Region - Global Forecast to 2029", is projected to reach
USD 20.4 billion by 2029, at a CAGR
of 4.8% from USD 16.2 billion in
2024.
Browse in-depth TOC on "Acoustic Insulation Market"
263 – Tables
48 – Figures
238 –
Pages
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"Building & construction is projected to be the fastest
growing end-use industry of acoustic insulation, in terms of value,
during the forecast period."
Rapid urbanization and the continuous development of
residential, non-residential buildings drive the growth for
acoustic solutions to enhance comfort. In metropolitan hubs, noise
pollution is a major issue, prompting stringent building
regulations and codes that mandate the use of sound absorber
products to minimize sound transmission. Moreover, there is an
increasing focus on enhancing living standards and occupant
well-being, which has driven a stronger focus on creating quieter
and more comfortable indoor environments. As a result, builders are
increasingly incorporating advanced sound insulation materials in
their projects to meet these expectations. Additionally, the rise
in mixed-use developments, green construction initiatives, and
high-rise buildings further accelerates the adoption of acoustic
insulation, as these projects often require comprehensive
soundproofing solutions to ensure a harmonious coexistence of
different functions and enhanced energy efficiency. The ongoing
research & development in construction materials and techniques
also supports this growth, as newer, more effective acoustic
insulation products become available, making it easier and more
cost-effective to integrate them into building designs.
"Glass wool type is the largest type of the acoustic
insulation, in terms of value."
Glass wool is a very effective material. It is widely used due
to its versatility and superior acoustic performance. Made from
recycled glass and sand, glass wool is made up of very thin fibers
woven together in a manner that provides a large surface area,
which is effective in capturing sound waves and thus minimizing
sound transfer. This material is light and can be installed in any
of the building parts including the walls, ceilings, and floors for
residential, non-residential use. Besides its acoustic benefits, it
also provides thermal insulation, contributing to energy efficiency
in buildings. Its non-combustible nature and moisture resistance
further enhance its appeal as a safe and durable insulation
solution.
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"Europe captures the largest
share in the acoustic insulation market during the forecast period,
in terms of value."
The stringent regulatory framework on noise pollution and energy
efficiency in Europe drives the
widespread adoption of advanced insulation materials.
Environmental Noise Directive and building regulations, mandate
strict noise control measures in residential, non-residential
settings, compelling builders and developers to incorporate highly
effective sound insulation solutions. Additionally, Europe has a mature building &
construction industry with a strong emphasis on sustainability and
green building practices, which further promotes the use of
acoustic insulation that also offers thermal benefits. The high
population density in urban areas exacerbates noise pollution,
increasing the demand for soundproofing solutions to enhance the
quality of life. Furthermore, Europe's strong automotive and aerospace
industries require advanced acoustic materials to meet stringent
noise emission standards, contributing significantly to the
market.
Key Players
Acquisitions, new product launches, acquisitions, expansions and
partnerships are the major growth strategies adopted by the key
players in the market. The key global players in the acoustic
insulation market include Saint-Gobain (France), Knauf Insulation (US), Armacell
(Germany), SOPREMA (France), ROCKWOOL A/S (Denmark), Huntsman International LLC (US),
Owens Corning (US), Kingspan Group (Ireland), BASF SE (Germany), and Johns Manville (US).
Browse Adjacent Market: Foam and Insulation
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