Acoustic Insulation Market Size Is Expected to Reach Usd 21.57 Billion by 2025

Acoustic Insulation Market size is expected to reach USD 21.57 billion by 2025; as per the new research report by Global Market Insights, Inc.

Population growth coupled with high industrialization rate in emerging markets across Brazil, China, India, South Africa, Mexico, and Russia, has generated the necessity for better residential and industrial infrastructure. The availability of economical raw materials and government initiatives in the region are expected to drive global acoustic insulation market demand in residential and industrial buildings.

North America, driven by U.S. acoustic insulation market size, generated over USD 3 billion business in 2015. Positive application outlook from private & commercial buildings and heavy engineering were the key factors fueling regional growth.

Rising consumer affordability among middle-class population in BRIC nations has driven a surge in sustainable building structures. Industrial sound insulation, gyms and workout centers, shipbuilding segments, control rooms, and cabinets hold potential opportunities for industry growth.

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Russia industrial acoustic insulation market size is forecast to exceed USD 1.8 billion in valuation by 2025. Increasing pressure for government compliance pertaining to worker safety has triggered organizations to take measures to use insulation for pipes, valves and flanges.

Stringent regulations from REACH to offset the use of toxic substances are expected to pose challenges to growth development. Other restraining factors identified including disposability issues and ill-effects pertaining to product exposure to the customer.

Key insights from the report include:

EU, Eurasian Economic Union, and other CIS countries together make up Europe acoustic insulation market share of over 33% for 2015. Residential re-insulation is among the key contributor in this industry owing to huge untapped...