The Acoustic Insulation Market is segmented by Material Type (Fiberglass, Mineral Wool, Plastic Foam, and Elastomeric foam), by End-Use Type (Building & Construction, Transportation, and Industrial), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Market Insights

The Acoustic Insulation Market is likely to rebound at a significant CAGR of 5% to reach a value of US$ 13.9 Billion by 2026.

About Acoustic Insulation

The trend of green buildings has led to the dynamics in the material mix of building envelopes and designs. The designing scheme of green buildings increasingly considers insulation (including acoustic insulation) to be one of the crucial elements for both new constructions as well as renovation projects. The transfer of airborne and structural noises between different rooms in a building can be efficiently prevented by integrating acoustic insulation materials. Moreover, the strict government laws and regulations regarding sound insulation requirements, such as US EPA Noise Control Act, are providing an opportunity for acoustic material manufacturers to expand their businesses. Furthermore, the trend towards quieter automobile interiors is further substantiating the demand for acoustic insulations.

COVID-19 Impact

The global acoustic insulation market has been witnessing 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.

Critical Questions Answered in the Report

  • What are the key trends in the market?
  • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
  • What is the impact of COVID-19 on the market?
  • What are the key strategies adopted by the major vendors to lead in the market?
  • What is the market share of the top vendors?

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