Acoustic insulation is a soundproofing technique that attempts to minimize or prevent sound from entering or escaping an enclosed space by creating a barrier between the interior and exterior areas. It reduces the sound emitted from structures of a room and acoustic reverberation.
The global acoustic insulation market is expected to showcase a significant growth during the forecast period (2017-2023). The growing demand for sound barriers in commercial buildings and residential buildings in the U.S.
is expected to grow the acoustic insulation market for acoustic insulations in the country. Additionally, the renovation policies for the buildings in the U.S.
is further expected to drive the acoustic insulation market for sound barriers; however, the declining trend of the construction industry in European Union is expected to hinder the growth of the market during the forecast period.
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Additionally, the acoustic insulation market, on the basis of end-use, is segmented as building and construction (commercial, residential), transportation (automotive, marine, aerospace), industrial and others. Building and construction is expected to be the largest application during the forecast period in terms of volume for the excessive requirement of sound barriers to coverup the entire building.
Moreover, the global acoustic insulation market, on the basis of application, is segmented as floor insulation, wall insulation, structure insulation, engine insulation, HVAC insulation and others.
The key trend observed in the acoustic insulation market is the continuous increase in awareness regarding noise pollution. Health awareness and rising standard of living are likely to have a notable impact on the global acoustic insulation industry growth.
Additionally, human health and efficiency is pertaining to the noise level in the work environment, which highlights the importance of sound barriers. Increasing concern for employee comfort levels has triggered the demand for noise cancelling materials in corporates.
Continuous increase in the standard of living is further driving the product’s demand in residential construction sector so as to achieve a peaceful atmosphere inside the home. All of the above mentioned trends are responsible for the growth of the market.
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The major drivers observed in the study include the renovation activities in the construction industry in the U.S. and the government regulations worldwide to reduce the extent of noise pollution.
The construction industry in the U.S. is expected to have scope to proceed in 2017.
The U.S. economy in 2017 is anticipated to see job growth and the market fundamentals for commercial real estate is expected to remain healthy. For 2017, the construction are forecast to rise 5% to USD 713 billion, gains of 8% are expected for both residential building and non-residential building.
Moreover, regulations related to noise control and isolation play a major role in the development of the industry. For instances, the Environmental Protection Agency (EPA) has designed standards to control noise generation in transportation and sound isolation of building surroundings.
Most of the countries in the European Union also regulates the airborne, impact and appliance noise levels. Regulations are also levied to ensure isolation from external sounds.
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