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GLOBAL ACOUSTIC INSULATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global Acoustic Insulation Market, By Type (Mineral Wool, Foamed Plastic, Elastomeric Foam, and Others), By End-use Industry (Building and Construction, Transportation, Oil & Gas and Petrochemical, Energy and Utilities, Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

  • Published In : Mar 2024
  • Code : CMI6781
  • Pages :137
  • Formats :
      Excel and PDF
  • Industry : Polymers and Resins

Global Acoustic Insulation Market Size and Trends

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.

Global Acoustic Insulation Market Key Factors

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Acoustic insulation finds wide application in the building & construction sector for insulation in walls, under floors, and within ceilings. Strict noise pollution norms across countries boosts need to reduce noise levels in residential and commercial buildings. Global acoustic insulation market is expected to witness significant growth over the forecast period. Growing construction activities coupled with rising consumer awareness about noise pollution are expected to boost demand for acoustic insulation. Furthermore, stringent government regulations regarding noise control in workplaces are encouraging building owners to opt for acoustic insulation. However, high costs associated with acoustic insulation solutions may hinder the market growth. Key players are focusing on developing cost-effective and innovative acoustic insulation materials to expand their market reach.

Strict regulations to curb noise pollution

With growing industrialization and urbanization worldwide, noise pollution has become a major concern for both individuals and governments. For instance, according to European Environment Agency in 2020, excessive and chronic exposure to high noise levels can cause significant health issues like hearing impairment, sleep disturbances, high blood pressure, and cardiovascular problems. To protect citizens from the harmful effects of noise and provide a quiet living environment, many countries and municipalities have established strict regulations that set maximum permissible noise levels for different zones like residential, commercial, and industrial areas. Non-compliance with these norms can attract heavy fines and penalties. This has increased the importance of noise control solutions during construction activities. Builders have to adopt measures that ensure the noise generated from operations like hammering, drilling, and piling stays within approved decibel limits. Acoustic insulation materials have become particularly crucial for apartments, office buildings, factories, and infrastructure projects located near noise-prone areas. Regulations mandate using soundproof windows, insulation in walls and ceilings, suspended ceilings, and acoustic paneling to attenuate noise transmission. Many construction firms also install noise barriers around sites to shield neighborhoods. Growing stringency of regulations has significantly boosted demand for acoustic insulation from the building industry, aiming to comply with noise standards and minimize complaints regarding disturbance. This driver will continue propelling the acoustic insulation market as urban noise issues exacerbate and communities pressurize governments into strengthening controls over sound pollution.

Growing popularity of open-plan offices

In recent years, traditional closed offices have been steadily replaced by open-plan layouts to improve collaboration and communication between employees. While this design offers various benefits like more interactions, better supervision, and increased space utilization, it also brings the disadvantage of heightened noise distractions. In open desks getting interspersed among busy co-workers, concentrating on tasks and having private conversations becomes challenging due to constant interruptions, side talks, and ambient office sounds like tapping, paper shuffling and phone ringing. This affects productivity, causes stress, and leads to employee complaints. To address rising acoustical issues in shared workspaces, companies are equipping their interiors with acoustic insulation products. Ceiling tiles, acoustic panels, sound-absorbing fabric walls and partitions help suppress reverberations and create a more focused yet peaceful work environment. With open-plan offices becoming standard globally, the need for installing acoustic control solutions is perceived to increase substantially over the coming years. This is anticipated to drive considerable market gains for insulation materials.

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