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Acoustic Insulation Market Share

Report ID: GMI802
Published Date: Nov 2024
Report Format: PDF

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Acoustic Insulation Market Share

Global Acoustic Insulation Market Company Market Share Analysis, 2023

In 2023, key companies like Owens Corning, Johns Manville, Knauf insulation, etc. held a combined market share of 15-20%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Companies are heavily investing in research and development to develop advanced acoustic insulation that align with the changing and evolving industry’s needs and preferences. Competitive strategies frequently center on product differentiation, where manufacturers augment their offerings with distinctive features, and geographic expansion to penetrate emerging markets. In this dynamic environment, companies that adeptly innovate and respond to market trends are poised for the most significant growth.

Acoustic Insulation Market Companies

Major players operating in the acoustic insulation industry are:

Alleguard
Armacell
Fletcher
Isolatek International
Johns Manville
Jushi Group
Kingspan
Knauf Insulation
NSG Group
Owens Corning
PPG Industries
Rockwool
Saint-Gobain

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global acoustic insulation industry size surpassed a significant revenue and is poised to record a 4.5% CAGR through 2025 driven by the higher requirement for sound absorption materials across the entertainment sector.

The overall market share from fiberglass/glass wool product is expected to record gains at more than 5% through 2025 owing to the presence of stringent regulations and higher construction spending.

The overall market size from transportation applications could observe around 5% gains over 2019-2025 due to the growing adoption of acoustic non-woven fabric technologies in the automotive sector.

Europe accounted for a significant share in the acoustic insulation industry and will witness expansion with the higher awareness of green construction, smart infrastructure, and IoT in the region.