Global Acoustic Insulation Market, By Type (Mineral Wool, Foamed Plastics and Others), End User Industry (Building and Construction, Transportation, Manufacturing and Processing and Others), Form (Blankets, Batts, Panels and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Acoustic Insulation Market
Data Bridge Market Research analyses that the acoustic insulation market will witness a CAGR of 4.81% for the forecast period of 2021-2028. Increasing demand for aerogel as a substitute for glass wool especially in the developing economies like India and China, growing use of acoustic insulation by a wide range of end user verticals such as building and construction, transportation, manufacturing and processing and others and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the acoustic insulation market.
Acoustic insulation is a technique of covering the machinery with a layer of insulation. This is done to reduce noise emissions produced by the machinery. The acoustic insulation materials help to minimize airborne sound transfer by installing them within floors, walls and ceilings. Owing to their durable properties, acoustic insulation materials are used by a wide range of industry verticals.
Rise in demand for acoustic insulation owing to the rising prevalence of noise pollution coupled with growing incidences of health issues is the root cause fuelling up the market growth rate. Rising industrialization coupled with growth and expansion of various end user verticals especially in the developing economies will also directly and positively impact the growth rate of the market. Growth in the building and construction activities, rising popularity of sound absorption materials in the entertainment industry and strident regulations imposed by the government on industries in regards to noise pollution will further carve the way for the growth of the market.
However, high costs associated with the materials will pose a major challenge to the growth of the market. Fluctuations in the prices of raw materials will dampen the market growth rate. Also, lack of awareness in the backward economies will further derail the market growth rate. Slowdown in the European construction industry and unfavourable conditions arising due to the COVID-19 outbreak will impede the market growth rate.
This acoustic insulation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on acoustic insulation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Acoustic Insulation Market Scope and Market Size
The acoustic insulation market is segmented on the basis of type, end user industry and foam. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the acoustic insulation market is segmented into mineral wool, foamed plastics and others. Mineral wool segment is sub-segmented into glass wool and rock wool. Foamed plastics segment is sub-segmented into polyethylene, polyurethane, polystyrene, polyisocyanurate and phenolic foam. Others segment is sub-segmented into aerogel and cellulose acetate.
- On the basis of end user industry, the acoustic insulation market is segmented into building and construction, transportation, manufacturing and processing and others. Building and construction segment is sub-segmented into commercial buildings and residential buildings. Transportation segment is sub-segmented into automotive, marine, aerospace and railways.
- On the basis of form, the acoustic insulation market is segmented into blankets, batts, panels and others.
Acoustic Insulation Market Country Level Analysis
The acoustic insulation market is analysed and market size, volume information is provided by country, type, end user industry and foam as referenced above.
The countries covered in the acoustic insulation market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the acoustic insulation market and will continue to flourish its dominance during the forecast period owing to the surge in the buildings and construction activities in the region. Asia-Pacific will continue to undergo substantial gains during this period owing to the growth and expansion of end user verticals in this region and abundant availability of raw materials.
The country section of the acoustic insulation market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Acoustic Insulation Market Share Analysis
The acoustic insulation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to acoustic insulation market.
The major players covered in the acoustic insulation market report are BASF SE, Dow, Covestro AG, Huntsman International LLC., Lapolla Industries, Inc., SAFCO Foam Insulation, CAJUN FOAM INSULATION., Saint-Gobain Group., EnergyGuard Foam Insulators, LP, Insulation Northwest, PUFF INC, Pittsburgh Foam Insulation, Owens Corning., Recticel, Armacell, Kingspan Group, Johns Manville., Berkshire Hathaway Inc., ISOTHANE LTD and Evonik Industries AG among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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