Global Acoustic Insulation Market: Overview
Acoustic insulation can be defined as the science of reducing noise pollution. This reduction can be between rooms in a building, open spaces in factories, public spaces, or even in the transport sector. Acoustic insulation is achieved by installing the necessary materials inside floors, walls, and ceilings to reduce the transfer of airborne sound. Acoustic insulation is a relatively new concept in the construction industry, prompted by the increase in noise-related health issues among the population.
Of late, noise pollution has increased significantly, especially in developing countries, wherein the population as well as the density of population is high. Rise in noise pollution has led to health problems such as hearing impairment, hypertension, heart disease, annoyance, and sleep disturbance among the population. In recognition of this problem, governments have enacted legislation to control the level of noise in buildings and industrial facilities. They are focusing on creating silent zones near hospitals, schools, and other such sensitive locations. There has been an increase in health awareness along with the rise in standard of living of the people. People realize the benefits of using noise insulation materials. These are the key factors driving the acoustic insulation market.
On the other hand, high cost of installation is a major factor hampering the acoustic insulation market. Integration of acoustic insulation in infrastructure requires technologically advanced knowledge and expertise, which is not easily available. Similarly, disposability issue associated with acoustic insulation materials is another factor adversely affecting the acoustic insulation market. This issue has become increasingly important in the face of the need to adopt environment-friendly practices.
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Global Acoustic Insulation Market: Key Segments
The global acoustic insulation market can be segmented based on material, end-user industry, and region.
In terms of material, the acoustic insulation market can be divided into glass wool, stone wool, foamed plastic, and fabric soundproofing materials. Foamed plastic is the leading material used for acoustic insulation due to its lower price. Stone wool and glass wool are also equally popular acoustic insulation materials.
Based on end-user industry, the acoustic insulation market can be segregated into building & construction, transport, and industrial/HVAC & OEM. In terms of demand, the building & construction segment is estimated to account for major share of the acoustic insulation market during the forecast period, primarily due to the high of volume of construction. Transport and the industrial/HVAC & OEM segments are likely to constitute similar shares of the market during the forecast period. However, the transport segment is relatively new and expected to expand at a faster pace.
Based on region, the acoustic insulation market can be split into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific and Europe are expected to hold key share of the market during the forecast period owing to their higher density of population.
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Global Acoustic Insulation Market: Key Players
Prominent players operating in the acoustic insulation market include DuPont Inc., Rockwool Group, Knauf Insulation, Johns Manville Corporation, and 3M.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
Companies in the Acoustic Insulation market have increasingly shifted gears with wide application of digital technology across the continuum, from raw material sourcing to manufacturing to generation of final output, to warehousing to final distribution operations. Among the various affects, the market is witnessing new growth economics due to thinning of line between specialty and commodity businesses that are associated with the larger ecosystem. At the same time, new growth parameters are being vigorously being debated as industry stakeholders put greater emphasis on the circular economy processes.
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