Portland, OR -- (SBWIRE) -- 10/27/2017 -- Global acoustic insulation market was valued at $9,878 million in 2015, and is expected to reach $14,633 million by 2022, supported by a CAGR of 5.9% during the forecast period 2014 to 2022. Acoustic insulation is defined as a method to attenuate, deaden, or control sound and noise levels for environmental improvement and regulatory compliance.

Market players in the industry are offering wide range of solutions for acoustic applications. These products increase sound absorption and reduce the transmission of vibration. They are investing significant amounts in R&D activities to develop optimum solutions for different applications. In addition, they are working closely with research institutes with the aim of improving acoustic performance of the products.

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The global acoustic insulation market was valued at $9,878 million in 2015. Acoustic insulation is a soundproofing technique that prevents or minimizes sound from entering or exiting an enclosed space by creating a barrier between the interior and exterior areas. It reduces the sound emitted from structures of a room as well as acoustic reverberation. Acoustic designing is one of the most complex facets of architecture and construction used to develop insulation systems to achieve proper acoustic quality of the buildings.

Factors that drive the global market for acoustic insulation are the increase in health concerns towards noise pollution, stringent noise pollution standards, rise in construction industry, and energy efficiency advantages provided by insulation materials. However, the market growth is restrained by low awareness on the importance of acoustics in emerging countries and slowdown of construction industry in Europe.

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Other companies operating in the acoustic insulation value chain include DuPont Company, 3M Company, Hutchinson Group, JCW Group, Union Foam SpA, Dow Chemical Company, Insumate Ltd, Kingspan Group, Odenwald Faserplattenwerk GmbH, and STEICO SE.

Low awareness of acoustic insulation materials in emerging economies and high capital cost of acoustic insulation in building are factors that negatively impact the market. In developing markets such as India, Africa, and other Southeast Asian countries, acoustic insulation is still considered as luxury than a necessity. These markets also show general lack of awareness of acoustics and low awareness of the significant benefits of the most economic insulation.