The   acoustic insulation market   size is anticipated to observe impressive growth during the forecast period.

Acoustic insulation has a vital role in different industrial applications, including power generation, oil & gas, and HVAC systems. The criticality of the product in industrial settings for the productivity and safety of workers is expediting market growth. Moreover, adequate acoustic insulation aids industrial facilities adhere to regulations while creating a safer working environment.

Fortune Business Insights presents this information in their report titled   " Acoustic Insulation Market , 2024–2032."

Segmentation:

In terms of material type, the market is classified into glass wool, polymeric foam, mineral wool, and others.

By application, the market is divided into industrial, transportation, building & construction, and others.

From the regional standpoint, the market is categorized into Asia Pacific, the Middle East & Africa, Europe, Latin America, and North America.

Report Coverage

The report comprehensively discusses the major driving factors affecting the market growth. In addition, it provides a detailed analysis of the top trends, dominating segments, current technological advancements, and the impact of the COVID-19 pandemic on the market growth. Besides this, it provides vital insights into Porter’s five forces analysis and the strategic moves adopted by leading companies to stand out from the competition. The report also gives insights on sustainability and restraining factors expected to hinder the market growth during the forecast period.

Drivers:

Increasing Product Deployment in the Building & Construction Sector to Fuel Market Growth

One of the major factors augmenting the acoustic insulation market growth is the growing product deployment in the building & construction sector. Acoustic insulation materials are massively being deployed in commercial and residential buildings due to the increasing demand for noise reduction and enhanced indoor acoustics. It has been estimated by the Environmental Protection Agency that an average of 15% can be saved by homeowners on cooling and heating with the help of air sealing in homes and including insulation in accessible basement rim joists, floors over crawl spaces, and attics.

Regional Insights:

Asia Pacific Holds a Leading Position Driven by Quick Urbanization

Asia Pacific occupies the largest acoustic insulation market share on account of quick urbanization, increasing focus on noise reduction and energy efficiency, and development in infrastructure. The heightened demand for acoustic insulation solutions in industrial, commercial, and residential applications in the region can be ascribed to industrialization, flourishing construction, and rising disposable incomes. Moreover, China is the key exporter and producer of mineral wool, which is a major material deployed in acoustic insulation. The significant share of the country in the market is due to its large-scale production capabilities and enormous supply of raw materials.

Competitive Landscape:

Top Players Emphasize Acquisitions to Boost Their Position

The market players are leveraging a wide array of strategic initiatives to keep ahead of their competition. Some of these strategies include mergers, joint ventures, partnerships, and product innovations. A wide range of companies are also focusing on acquisition strategies to strengthen their position.

Key Industry Development:

February 2024: Saint-Gobain’s acquisition of International Cellulose Corporation helped it broaden its insulation portfolio by including cellulose fiber products. This allowed it to provide more high-performane and sustainable thermal and acoustic insulation solutions to cater to surging demand.

 December 2023: ROCKWOOL Group move in the acquisition of Borner Insulation depicted its strategy to enhance its presence in Eastern and Central European region, which is a high-priority market. This deal is in line with the company’s expansion objectives and is poised to help it cater better to the rising demand for sustainable and energy-efficient insulation solutions.

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Major Players Profiled in the Report:

• ROCKWOOL International (Denmark)
• Knauf Insulation (U.S.)
• Saint-Gobain (France)
• Armacell International S.A. (Luxembourg)
• Fletcher Insulation (Australia)
• Johns Manville (U.S.)
• Kingspan Group plc (Ireland)
• Superglass Insulation Ltd. (U.K.)