Wool is Expected to Dominate the Global Residential Acoustic Insulation Market.

Government Regulations for Controlling Noise Pollution and a Surge in the Adoption of Residential Applications are a major factor attributable to the growth of the market.

 

According to TechSci Research report, “Global Residential Acoustic Insulation Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”. The Global  Residential Acoustic Insulation is anticipated to project robust growth in the forecast period with a CAGR of 4.08% through 2028, Over the short term, government regulations for controlling noise pollution and a surge in the adoption of residential applications are the major factors driving the market studied. Also, a rise in demand from emerging economies boosts market growth. 

Based on Type, Glass Wool Segment to Dominate the market during the forecast period. The acoustic insulation market growth in the health concerns against noise pollution, stricter noise pollution regulations, expansion in the building sector, and energy efficiency benefits given by insulating materials. Noise pollution-related rules have a significant influence on the acoustic insulation sector.

Asia-Pacific is an attractive market for foreign companies due to the healthy economic performance of the countries like India, China, Indonesia, etc., and efforts made by the Middle Eastern countries to develop tourism and other non-oil sectors. They are driving commercial construction activities in these regions. For instance, in Saudi Arabia, under Vision 2030, 80 new hotels with more than 11,000 luxurious rooms are expected to open across Saudi Arabia by 2030. Therefore, increasing investments in the construction of hotels is expected to create demand for the Residential Acoustic Insulation market. Moreover, in India, the Minister of State, Civil Aviation, announced that under the regional connectivity scheme (RCS)-Ude Desh ka Aam Nagrik (UDAN) infrastructure scheme, the Indian government also planned to construct 100 airports by 2024, owing to increasing demand for air commute. Hence, all such commercial construction investments and projects are driving construction activities in these countries, increasing the demand for Residential Acoustic Insulation.

Browse over xx market data Figures spread through 188 Pages and an in-depth TOC on "Residential Acoustic Insulation Market"

Based on Region, Asia Pacific to be the Fastest Growing Market. China holds the largest Asia-Pacific market share for Residential Acoustic Insulation due to rising investments and construction activity. China is the biggest contributor, as it is one of the leading investors in infrastructure worldwide over the past few years. For instance, according to the National Bureau of Statistics (NBS) of China, in 2022, the output value of construction works in China amounted to CNY 27.63 trillion (USD 4108.58 billion), an increase of 6.6% compared with 2021. China is the largest economy in the Asia-Pacific region in terms of GDP. The growth in the country remains high. However, it is gradually diminishing as the population ages, and the economy is rebalancing from investment to consumption, manufacturing to services, and external to internal demand. Furthermore, China will overtake the United States as the world’s biggest air travel market within the next three years. Still, the country’s appetite for aviation continues to grow exponentially. For instance, during a French state visit to China, Airbus signed new cooperation agreements with China's Aviation industry partners. According to Airbus, over the next 20 years, China’s air traffic is forecast to grow at 5.3% annually, significantly faster than the world average of 3.6%. It will lead to a demand for 8,420 passenger and freighter aircraft between 2023 and 2041, representing more than 20% of the world's total demand for around 39,500 new aircraft in the next 20 years. It is due to the rising aircraft fleet throughput further augmenting the development and growth of the Residential Acoustic Insulation market.

Furthermore, countries such as India and Japan contribute to the studied market growth. It is expected to further drive the demand for Residential Acoustic Insulation over the forecast period.

 

Key market players in the Global  Residential Acoustic Insulation Market are following:-

• 3M
• Armacell
• BASF SE
• Cabot Corporation
• Cellecta
• CSR Limited
• Dow
• Dynamic composite technologies
• Fletcher Insulation
• Insultech, LLC     

 

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“The global Residential Acoustic Insulation market is primarily driven by urbanization and industrialization, which have led to increased noise pollution in cities and industrial areas. Stringent noise regulations and a growing awareness of the adverse effects of noise on health and well-being are compelling industries and construction sectors to invest in Residential Acoustic Insulation materials and solutions. The construction industry's expansion, coupled with a focus on energy-efficient and sustainable building practices, further fuels the demand for Residential Acoustic Insulation. Additionally, advancements in technology have led to more efficient and cost-effective Residential Acoustic Insulation solutions, making them increasingly attractive to builders and consumers. The automotive industry's growth and the emphasis on quieter vehicles have also driven demand for Residential Acoustic Insulation materials. In summary, factors such as urbanization, regulations, construction growth, sustainability, and technological advancements are the key drivers propelling the global Residential Acoustic Insulation market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based  global management consulting firm.

 

Residential Acoustic Insulation Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented by type (mineral wool, glass wool, polymeric foams, and natural), By Region, Competition 2018-2028 has evaluated the future growth potential of Global  Residential Acoustic Insulation Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global  Residential Acoustic Insulation Market.

 

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