Building Acoustic Insulation Market Size Worth $6.2 Billion By 2028: Grand View Research, Inc.

Building Acoustic Insulation Market Size Worth $6.2 Billion By 2028: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, Jan. 10, 2022

SAN FRANCISCO, Jan. 10, 2022 /PRNewswire/ -- The global building acoustic insulation market size is expected to reach USD 6.2 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.3% from 2021 to 2028. Rising investment in infrastructure, stringent building code, energy efficiency, and increasing living standards are augmenting the growth of the market.

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Key Insights & Findings from the report:

Read 90 page market research report, "Building Acoustic Insulation Market Size, Share & Trends Analysis Report By Product (Glass Wool, Rock Wool, Foamed Plastic), By Application (Residential, Non-residential), By Region, And Segment Forecasts, 2021 - 2028", by Grand View Research

The market is witnessing significant growth on account of an increase in regulatory standards related to noise pollution and stringent energy efficiency and fire safety policies, which often call for greater insulation usage in buildings. These products are anticipated to gain popularity owing to the growing construction projects in the residential, commercial, educational, and industrial sectors.

The market is expected to witness internal substitution, wherein aerogel is expected to act as a replacement for glass wool as the product offers ease of installation and high performance in terms of durability and efficiency. However, the product is currently being used only in high-end applications owing to its high cost. With R&D initiatives in place to significantly reduce its cost, aerogel is expected to act as an excellent substitute for current materials.

The industry is concentrated with a few top players and is characterized by a diversified product portfolio, continuous developments, and increasing regional reach. However, a large number of small players are expected to enter the market owing to the increasing product demand in the non-residential sector.

Market Segmentation:

Grand View Research has segmented the global building acoustic insulation market on the basis of product, application, and region:

List of Key Players of Building Acoustic Insulation Market

Check out more studies related building and construction materials, published by Grand View Research:

Browse through Grand View Research's coverage of the Global Advanced Interior Materials Industry.

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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