By 2028, the global sound insulation market will reach 19.6 billion U.S. dollars, with a compound annual growth rate of 5.44%: Proven Market Research®

2021-12-07 08:55:43 By : Ms. Sellina Zhang

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Due to the increasing prevalence of hearing impairment, heart disease, high blood pressure and other diseases, people’s health awareness is constantly increasing, which is the main factor driving market growth.

Jersey City, New Jersey, October 5, 2021/PRNewswire/--Verified Market Research recently released a report, "Soundproof Market" by type (glass wool, rock wool, foam), by final User (building and construction, transportation, manufacturing) and by geography. According to the data of Verified Market Research, the global sound insulation market will be worth US$12.7 billion in 2020 and is expected to reach US$19.6 billion by 2028, with a compound annual growth rate of 5.44% from 2021 to 2028.

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Global sound insulation market overview

Sound insulation, also known as sound insulation, is defined as the ability of an insulating material to reduce the sound pressure relative to a specific sound source and receiver. The use of sound insulation materials to reflect or absorb sound to achieve acoustic comfort is the most cost-effective measure to achieve energy efficiency. It mainly reduces noise pollution and provides a safer working environment in areas where noise may cause severe hearing loss. Foam is the most important material type on the market.

Increasing awareness of noise pollution, health awareness and living standards may have a significant impact on the growth of the global sound insulation industry. It has been observed that human health and efficiency are highly correlated with the noise level in the work environment, which highlights the importance of sound barriers. Increasing attention to employee comfort has triggered a demand for noise-reducing materials in commercial buildings. The improvement of living standards may also promote product demand in the residential building sector, thereby creating a tranquil atmosphere in the home.

Rock wool is a widely used sound insulation material because of its characteristics of heat insulation, sound insulation, fire resistance and easy installation. Due to the relatively low cost, the higher demand for this product in developing countries is the reason for the overall growth. The growing demand in the transportation industry is also expected to trigger product demand. Regulations related to noise control and isolation play an important role in the development of the industry. EPA has established standards to control noise during transportation and the sound insulation of the built environment.

The main players in the market are Saint-Gobain, Rockwool International A/S, Knauf Insulation, Owens Corning, Johns Manville Inc., Armacell, BASF SE, Paroc, Huntsman, Soprema.

Proven market research segments the global sound insulation market based on type, end user, and geographic location.

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Verified Market Research is a leading global research and consulting company, serving more than 5,000 clients. Verified Market Research provides advanced analytical research solutions as well as informative research. We provide insights into strategy and growth analysis, the data needed to achieve business goals and key revenue decisions.

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