Global Acoustic Insulation Market is anticipated to Witness High Growth Owing to Increasing Construction Spending
Acoustic insulation refers to materials that help reduce sound transmission through building facades and partitions. It is used in the floors, ceilings, and walls to reduce noise levels. With increasing construction activities across commercial and residential sectors, the demand for acoustic insulation materials is growing significantly. Requirement for noise control is also arising from industrial facilities like manufacturing plants and factories. Products including stone wool, glass wool, and foamed plastic are widely used as acoustic insulation to meet noise abatement and soundproofing needs.
Global acoustic insulation market is estimated to be valued at USD 16.7 Bn in 2024 and is expected to reach USD 22.12 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.
Key Takeaways
Key players operating in the global acoustic insulation market are Owens Corning, Knauf Insulation, Rockwool International, Saint-Gobain, Kingspan Group, Armacell, Johns Manville, and BASF SE.
The Global Acoustic Insulation Market Trends is expected to witness growth opportunities due to increasing noise pollution levels and stringent regulatory frameworks regarding workspace noise limits. Rapid urbanization and infrastructure development projects also offer scope for acoustic insulation.
Globally, the acoustic insulation market is expanding with rising demand across major economies including the United States, China, Germany, United Kingdom, and India. Growing construction spending especially in Asia Pacific will drive the regional market over the next few years.
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