Acoustic Insulation Market to Record Significant Revenue Growth During the Forecast Period 2021-2026

February 16, 2022

Stratview Research has recently added a new report titled ‘Acoustic Insulation Market’ to its collection. The report studies vital factors about the market that are essential for existing players as well as new market entrants. The report throws light on the critical elements such as market share, profitability, supply chain, production, sales, upcoming technologies, key market players, regional segmentation, and many more aspects related to the Acoustic Insulation Market.

The years considered in this report to estimate the market size of the market are:

• History Year: 2017-2021

• Forecast Year: 2021 to 2026

The key players covered in this report are –

• Owens Corning
• Knauf Insulation
• Rockwool International
• 3M
• BASF SE
• Fletcher Insulation
• Ursa Insulation
• Certainteed
• Johns Manville
• Armacell
• K-Flex
• Kingspan

Market Highlights

Acoustic insulation currently holds less than 25% share of the overall insulation market (thermal and acoustic); however, it offers strong growth potential in the coming years, driven by its lower cost, excellent durability, seamless installation, and the mandates of building codes boosting the use of sound insulation materials.

The global acoustic insulation market has been witnessing a decent growth over the past decade; however, the sudden outbreak of COVID-19 has brought a considerable downswing in the market due to a shrinking economy, a significant reduction in infrastructure spending, a hefty decline in vehicle production, and postponement of construction activities. However, the gradual opening of economies, regain in consumer confidence, the resilient outlook of the construction industry, and expected recovery in vehicles production are key factors that are likely to translate an impressive bounce-back in the demand for acoustic insulations from 2021 onwards. The long-term market outlook also looks promising and is estimated to grow at a healthy CAGR of 5 % to reach US$ 13.9 Billion in 2026.

Segment-wise analysis

Based on the material type, the acoustic insulation market is segmented as fiberglass, mineral wool, plastic foam, and elastomeric foam. Mineral wool is dominant in the market driven by its versatility in providing excellent thermal insulation, acoustic padding, fire resistance, and being simple to install. Furthermore, the lower cost of mineral wool over competing insulation materials, such as fiberglass and plastic foams, is fuelling its demand, especially in emerging cost-sensitive economies.

Based on the end-user type, the market is segmented as building & construction, transportation, and industrial. Building & construction is estimated to remain the largest segment of the market during the forecast period. The segment’s growth will be driven by changing trends toward eco-friendly buildings that provide efficient acoustic and thermal insulation for residential, commercial, and industrial uses. The growing need for superior insulation materials meeting modern building regulations with efficient sound absorption and dampening, dimensional stability, and ecological compatibility, are among the primary elements driving the segment’s demand.

In terms of region, Europe is expected to remain the largest region of acoustic insulation during the forecast period. Rising awareness of green construction and smart infrastructure is predicted to boost the product demand in the region in the years to come. Growing awareness among descriptors defined in ISO standards and guidelines set by governing bodies, such as Noise Policy Vision set by DEFRA, is attributed to driving the acoustic insulation penetration in the region’s market.

Asia-Pacific holds a niche share but represents a huge white-space growth opportunity in the years to come. The strong construction industry and infrastructure outlook of key countries in the region may create new revenue pockets for industry stakeholders in the near term. Emerging Asian economies, such as China and India, are likely to substantiate the market growth with the gradual adoption of stricter building codes, leading to an increase in the penetration of insulation materials in the region.

To get more details about this report, order a sample report here:

https://www.stratviewresearch.com/Request-Sample/2210/acoustic-insulation-market.html#form

The main steps in the investigation process are:

• Stratview Research has gathered the raw data from industry experts and direct research analysts using primary and secondary sources.
• The experts also classify the information obtained by qualitative and quantitative data to place it in a proper way to make final conclusions.
• This report also provides market intelligence and throws light on critical insights into the market dynamics.

The information gathered in the report enables strategic decision making for the existing players as well as those willing to enter the market. The report contains growth drivers and constraints, market trend and forecast analysis, market segment trend, competitive landscape and dynamics, attractive market segments and associated growth opportunities, etc.

About Stratview Research

Stratview Research is a global market research firm with capabilities of providing complex market reports and other consulting services. Along with market reports, the firm also provides custom research services across the sectors covering industries like Energy Chemicals, Advanced Materials, Automotive, and Aerospace, and more.

In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

Author : Meha Prasad