Acoustic Insulation Material Market Share

APAC Market Statistics

In the terms of region, Asia-Pacific will account for highest percentage of about 40% in the overall acoustic insulation material market by 2037. The Asia-Pacific region is experiencing fast urbanization, and rising building activity in developing nations such as India and China are expected to drive the expansion of the acoustic insulation material market. Furthermore, increased commercial building usage and demand for acoustic insulation material are driving the growth of the Asia-Pacific acoustic insulation material market. These nations are expected to be the major contributors to the growth of the market owing to the rapid growth of the real estate sector as well as government projects in these countries. For instance, India and China combined had more than 3000 major infrastructure projects going on in 2022. Moreover, the region has become a popular location for cement, chemical, oil & gas, automotive, and other industries that is further anticipated to surge the market’s growth in the region.

North American Market Forecast

North America region is also predicted to grow the market at a rapid pace throughout the projection period. Furthermore, increased non-residential building investment in this area is expected to fuel the expansion of the acoustic insulation material market. Moreover, government is taking favorable initiatives for the adoption of acoustic insulation material in instructional building and others. This factor is envisioned to bolster the growth of acoustic insulation material market. Further, U.S. is anticipated to be a major country witnessing the augmented demand for acoustic insulation materials. In addition, the surging demand from the transportation industry in the countries such as U.S.A and Canada, is further anticipated to drive the growth of the market in the region.

Europe Market Forecast

European acoustic insulation materials market is expected to grow at a steady rate during the forecast period. This can be attributed to the rising regulations by governments to control noise inside a building. Further, Western Europe countries such as Germany, U.K. and others are believed to witness augmented demand for acoustic insulation material owing to strict EU regulations regarding noise. Moreover, the surging focus on using eco-friendly products over the synthetic materials in the region is expected to rise innovation in bio-based acoustic materials, and it is projected to increase the growth of the acoustic insulation materials in the Europe region.