Acoustic Insulation Market Size, Key Figures Reviewed in Latest Research Report Forecast 2028
Government Regulations for Controlling Noise Pollution and a Surge in the Adoption of Residential Applications are a major factor attributable to the growth of the market.
According
to a report by TechSci Research titled "Global Acoustic
Insulation Market - Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028," the global acoustic insulation market is
poised for strong growth in the forecast period, projecting a 5.28% Compound
Annual Growth Rate (CAGR) through 2028. In the short term, the primary driving
factors for this market include government regulations aimed at noise pollution
control and a notable increase in the adoption of acoustic insulation materials
in residential applications. Additionally, emerging economies are contributing
to market growth with rising demand.
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Figures spread through 188 Pages and an in-depth TOC on "Acoustic Insulation Market"
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The
Asia-Pacific region is experiencing robust economic performance, making it an
attractive market for foreign companies. Countries like India, China, and
Indonesia, along with efforts in the Middle East to develop tourism and
diversify their non-oil sectors, are driving commercial construction activities
in these regions. For example, Saudi Arabia's Vision 2030 plan includes the
opening of 80 new hotels with over 11,000 luxurious rooms by 2030. In India,
the government's plans to construct 100 airports by 2024 under the regional
connectivity scheme (RCS)-Ude Desh ka Aam Nagrik (UDAN) infrastructure scheme
are in response to increasing air travel demand, further fueling construction
activities and demand for acoustic insulation materials in these countries.
In terms of
regions, the Asia-Pacific region is anticipated to be the fastest-growing
market, with China leading the way. China's substantial investments in
infrastructure and construction are driving the acoustic insulation market,
making it the largest economy in the Asia-Pacific region in terms of GDP.
Despite certain economic shifts, including an aging population and a shift from
investment to consumption and manufacturing to services, China's demand for
aviation is rising significantly. This is evident in Airbus's forecasts,
indicating substantial growth in China's air traffic and demand for passenger
and freighter aircraft. This growth in the aviation sector is further boosting
the acoustic insulation market.
Other
countries like India and Japan are also contributing to the growth of the
acoustic insulation market, and this trend is expected to continue throughout
the forecast period.
Key market players in the Global
Acoustic Insulation Market are following:-
·
3M
·
Armacell
·
BASF SE
·
Cabot Corporation
·
Cellecta
·
CSR Limited
·
Dow
·
Dynamic composite
technologies
·
Fletcher Insulation
·
Insultech,
LLC
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The global
acoustic insulation market is primarily propelled by urbanization and
industrialization, leading to increased noise pollution in urban and industrial
areas. Stringent noise regulations and growing awareness of the health and
well-being effects of noise have driven industries and construction sectors to
invest in acoustic insulation materials and solutions. The construction
industry's expansion and the focus on energy-efficient and sustainable building
practices are further stimulating demand for acoustic insulation. Moreover,
technological advancements have resulted in more efficient and cost-effective
acoustic insulation solutions, making them increasingly attractive to builders
and consumers. The growth of the automotive industry and the emphasis on
quieter vehicles are also contributing to the demand for acoustic insulation
materials. In summary, factors such as urbanization, regulations, construction
growth, sustainability, and technological advancements are the key drivers
propelling the global acoustic insulation market, as stated by Mr. Karan
Chechi, Research Director at TechSci Research.
The report,
titled "Acoustic Insulation Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast," is segmented by type (mineral wool, glass
wool, polymeric foams, and natural), end-user industry (residential
construction, commercial construction, transportation, and industrial), and by
region. It covers the period from 2018 to 2028, providing insights into the
market's future growth potential, market structure, size, share, and trends.
The report is designed to offer cutting-edge market intelligence to aid
decision-makers in making informed investment decisions. Additionally, it identifies
and analyzes emerging trends, as well as the essential drivers, challenges, and
opportunities present in the Global Acoustic Insulation Market.
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