The Acoustic Insulation Market is segmented by Material Type (Fiberglass, Mineral Wool, Plastic Foam, and Elastomeric foam), by End-Use Type (Building & Construction, Transportation, and Industrial), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Market Dynamics

Acoustic insulation currently holds less than 25% share of the overall insulation market (thermal and acoustic); however, it offers strong growth potential in the coming years, driven by its lower cost, excellent durability, seamless installation, and the mandates of building codes boosting the use of sound insulation materials.

Regional Analysis

Europe is expected to remain the largest region of acoustic insulation during the forecast period. Rising awareness of green construction and smart infrastructure is predicted to boost the product demand in the region in the years to come. Growing awareness among descriptors defined in ISO standards and guidelines set by governing bodies, such as Noise Policy Vision set by DEFRA, is attributed to driving the acoustic insulation penetration in the region’s market.

Asia-Pacific holds a niche share but represents a huge white-space growth opportunity in the years to come. The strong construction industry and infrastructure outlook of key countries in the region may create new revenue pockets for industry stakeholders in the near term. Emerging Asian economies, such as China and India, are likely to substantiate the market growth with the gradual adoption of stricter building codes, leading to an increase in the penetration of insulation materials in the region.

COVID-19 Impact

The global acoustic insulation market has been witnessing decent growth over the past decade; however, the sudden outbreak of COVID-19 has brought a considerable downswing in the market due to a shrinking economy, a significant reduction in infrastructure spending, a hefty decline in vehicle production, and postponement of construction activities. However, the gradual opening of economies, regain in consumer confidence, the resilient outlook of the construction industry, and expected recovery in vehicles production are key factors that are likely to translate an impressive bounce-back in the demand for acoustic insulations from 2021 onwards.

Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

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