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Acoustic Insulation Market Size, DROT, Porter’s, PEST, Region & Country Revenue Analysis & Forecast Till 2026 | Top Key Players Union Foam SpA, Dow Chemical Company, Insumate Ltd, Kingspan Group, etc

According to the current analysis of Reports and Data, the acoustic insulation market globally was valued at USD 11.8 Billion in 2018 and is expected to reach USD 18.73 Billion by year 2026, at a CAGR of 5.9%.  The study covers the analysis of the acoustic insulation market and discusses its applications. Acoustic insulation, also known as…

The post Acoustic Insulation Market Size, DROT, Porter’s, PEST, Region & Country Revenue Analysis & Forecast Till 2026 | Top Key Players Union Foam SpA, Dow Chemical Company, Insumate Ltd, Kingspan Group, etc first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.

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According to the current analysis of Reports and Data, the acoustic insulation market globally was valued at USD 11.8 Billion in 2018 and is expected to reach USD 18.73 Billion by year 2026, at a CAGR of 5.9%.  The study covers the analysis of the acoustic insulation market and discusses its applications. Acoustic insulation, also known as sound insulation, is a form of insulation that provides soundproofing, reducing or preventing the noise between two rooms or from inside the building to the outside and vice versa.

The global market is propelled by several key factors such as increasing noise pollution, government regulations concerning noise control, industrial and technical advancements, increase in the adoption of noise standards among the developed and developing countries across the globe. Environmental Protection Agency (EPA) has put stringent rules on control of sound generation in transportation, which in turn has contributed to market growth. Unwanted noise acts as a significant annoyance in almost any setting from industries, organizations, offices, and residencies. To overcome noise and to improve the serenity of living space, adding acoustic insulation to walls, ceilings, and other surfaces in the homes are considered. Member states of the EU undertake a joint initiative, and European Commission formulated rules with a concern towards energy efficiency and noise control. All new construction in the member should comply with the zero-energy standard by 2020. Acoustic insulation of various types is designed to deflect, absorb, and dissipate noise to keep sound levels at a more manageable level. Macro-economic drivers for acoustic insulation are construction sector output, manufacturing industry output, increase in spending on construction, urbanization trend.

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Key participants include

Union Foam SpA, Dow Chemical Company, Insumate Ltd, Kingspan Group, Hutchinson.

Further key findings from the report suggest

The acoustic Insulation market is growing at a CAGR of 0% in the Asia Pacific, followed by MEA and North America, with 7.3% and 6.4% CAGR, respectively. An increase in noise pollution across the globe is the key factor in accelerating market growth during the forecast period across all regions.

In the Asia-Pacific, the acoustic insulation market is estimated to show the highest revenue, which is expected to exceed USD 5.6 billion by 2026 in the forecast period. The Middle East and Africa (MEA) have demonstrated substantial growth in the market with a CAGR of 7.3% due to a rise in constructions.

Building & Construction industry is leading the acoustic insulation industry owing to the government norms and new construction projects. The transportation segment follows this.

Stone wool/Rock wool is estimated to be the fastest-growing material type and is expected to surpass the revenue growth of about US 9.6 billion, due to its high efficiency, super high fire resistance, easy installation, and excellent thermal insulation.

Polyester, being an allergy-friendly, non-toxic, and highly flexible, fibrous material showing high tensile strength and exceptional water resistance properties, makes it one of the most robust and versatile materials available to create coarse bulk sound absorbing products.

The insulators are available in the form of Thermo / Acoustic Batts, Acoustic Ceiling Batts, Acoustic Underfloor Insulation, Sound Control Batts, Acoustic Wall Batts, etc.

Acoustic pipe lagging combines a bulk foam sound absorber and a high mass sound deadener. The acoustic foam, also used as a bulk sound absorber, acts to decouple the pipe from a layer of mass loaded vinyl as the sound deadener.

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For this report, Reports and Data have segmented into the global Acoustic Insulation market on the basis of resin type, composite phases, industry vertical, and region:

Type (Revenue in USD Million; Volume in Tons, 2016–2026)

Blankets & Batt

Gypsum Panels

Acoustic Panels

Viscoelastic products

Others

Material Type (Revenue in USD Million; Volume in Tons, 2016–2026)

Glass wool

Rock wool

Foam Plastic

Others

Applications (Revenue in USD Million; Volume in Tons, 2016–2026)

Residency

Video conferencing

Home Theatre

Recording Studios

Others

End-Use (Revenue in USD Million; Volume in Tons, 2016–2026)

Transportation

Manufacturing & Processing

Building & Construction

Industrial Use

Others

Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

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The post Acoustic Insulation Market Size, DROT, Porter’s, PEST, Region & Country Revenue Analysis & Forecast Till 2026 | Top Key Players Union Foam SpA, Dow Chemical Company, Insumate Ltd, Kingspan Group, etc first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.

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