Hushing the Hustle: Acoustic Insulation Market Set to Reach US$ 26,550.8 Million by 2033
The acoustic insulation market size is
projected to reach US$ 15,061.4 million in 2023. With the growing demand for
acoustic insulations across various end-user industries, the market graph is
likely to shoot up. The market is likely to garner US$ 26,550.8 million by 2033
while exhibiting a CAGR of 5.8% from 2023 to 2033.
The installation of sound barriers has increased
dramatically in a variety of sectors, including trains, highways, airport
runaways, stations, and others, as a result of an increasing focus on
developing building infrastructure to provide a comfortable environment in
public areas.
Request for a Sample of this Research
Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-14503
Another significant factor influencing the market
is the rise in product releases. For instance, Armacell declared a strategic
alliance with the German TITK Group and Melamine in January 2021. Armacell said
that it would use nonwovens made of melamine resin to produce effective
insulating solutions. It is UV and flame-resistant.
Armacell released the ArmaGel DT acoustic insulator
in August 2020, as another example. It has decreased insulation thickness
compared to its other insulation competitors while providing remarkably low
heat conductivity and high acoustic performance. The market is expected to grow
shortly as a result of the introduction of such updated and sophisticated
products.
On the other hand, market expansion is projected to
be significantly hampered by Europe’s slow expansion of construction
activities. Other factors limiting industrial expansion include raw material
instability and increasing demand for raw materials containing greenhouse
emissions. However, the market is projected to overcome the limiting
circumstances with the introduction of aerogel, assisting in market expansion.
Competitive Landscape:
Key players in the global acoustic insulation
market include Saint-Gobain, Knauf Insulation, Soprema, Armacell International,
and Rockwool International A/S, among others. Recent developments among players
include:
·
In January 2020,
Saint-Gobain acquired Sonex in Brazil, a company renowned for
manufacturing and supplying acoustic ceiling systems, marketed in particular
under the Nexacustic, Sonex, and Fiberwood brands. The initiative is expected
to expand the group’s position in Brazil.
·
In August 2020, Armacell rolled
out ArmaGel DT. ArmaGel product offers good thermal and acoustic solutions to
customers globally with fine quality.
Key Segments Covered in the Acoustic
Insulation Market Survey:
By Type:
·
Glass Wool
·
Rock Wool
·
Foamed Plastic
·
Elastomeric Foam
By End Use Industry:
·
Building and Construction
·
Transportation
·
Oil & Gas and Petrochemicals
·
Energy & Utilities
·
Industrial & OEM
By Region:
·
North America
·
Europe
·
Asia-Pacific
·
Middle East & Africa
·
Latin America
Comments
Post a Comment