The acoustic insulation market globally was valued at USD 13.32 Billion in 2020 and is expected to reach USD 20.83 Billion by year 2028, at a CAGR of 5.70%. The study covers the analysis of the acoustic insulation market and discusses its applications. Acoustic insulation, also known as sound insulation, is a form of insulation that provides soundproofing, reducing or preventing the noise between two rooms or from inside the building to the outside and vice versa.
The global market is propelled by several key factors such as increasing noise pollution, government regulations concerning noise control, industrial and technical advancements, increase in the adoption of noise standards among the developed and developing countries across the globe. Environmental Protection Agency (EPA) has put stringent rules on control of sound generation in transportation, which in turn has contributed to market growth. Unwanted noise acts as a significant annoyance in almost any setting from industries, organizations, offices, and residencies. To overcome noise and to improve the serenity of living space, adding acoustic insulation to walls, ceilings, and other surfaces in the homes are considered. Member states of the EU undertake a joint initiative, and European Commission formulated rules with a concern towards energy efficiency and noise control. All new construction in the member should comply with the zero-energy standard by 2020. Acoustic insulation of various types is designed to deflect, absorb, and dissipate noise to keep sound levels at a more manageable level. Macro-economic drivers for acoustic insulation are construction sector output, manufacturing industry output, increase in spending on construction, urbanization trend.
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Key Players Profiled in the Report are:
Union Foam SpA, Dow Chemical Company, Insumate Ltd, Kingspan Group, Hutchinson.
The competitive scenario segment of the report focuses on company overview, total revenue, market potential, market share, growth rate, global presence, estimated revenue, products and services offered, and business strategies adopted. Significant players operating in the global Acoustic Insulation market are evaluated by considering market share, growth rate, revenue share, and product markets. The report focuses on a detailed explanation of competition, market growth size, margins, market shares, revenue estimation, business strategies and opportunities, mergers and acquisitions, sales, industry insights, and key factors.
For this report, Reports and Data have segmented the Acoustic Insulation market based on type, material type, applications, end-use and region:
Type (Revenue in USD Million; Volume in Tons, 2020–2028)
- Blankets & Batt
- Gypsum Panels
- Acoustic Panels
- Viscoelastic products
Material Type (Revenue in USD Million; Volume in Tons, 2020–2028)
- Glass wool
- Rock wool
- Foam Plastic
Applications (Revenue in USD Million; Volume in Tons, 2020–2028)
- Video conferencing
- Home Theatre
- Recording Studios
End-Use (Revenue in USD Million; Volume in Tons, 2020–2028)
- Manufacturing & Processing
- Building & Construction
- Industrial Use
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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To summarize, the report titled ‘Global Acoustic Insulation Market’ provides a detailed report of the market by extensive research about the companies involved, current market status, drivers and constraints, and current and future COVID-19 oriented scenario. The study explores the historical years to provide insights into market estimation and fruitful opportunities for key players and new ventures.
Key insights presented in the report:
- Market revenue shares by major business players, by type, application, and market scope of global Acoustic Insulation market
- Sales revenue by key players and new entrants
- Competitive analysis of key players, including company overview, product or services specification, vendors, and buyers.
- Recent mergers, acquisitions, product launches, recent investments, and joint ventures
- Regional analysis to provide insight into recent trends and opportunities
To know more about the “Acoustic Insulation Market” report, visit @ https://www.reportsanddata.com/report-detail/acoustic-insulation-market
The report covers macro and micro-economic factors that are anticipated to affect market growth and dynamics. Along with this, the report also offers insights into the social, political, economic, and legal aspects that are anticipated to influence the growth of the market. Moreover, the report provides a thorough analysis of the size in terms of value and volume and offers an accurate forecast of the market growth and expansion.
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