Acoustic Insulation Material Industry - Regional Synopsis
APAC Market Statistics
Asia Pacific will account for about 40% share in the overall acoustic insulation material market by 2037. Fast urbanization, and rising building activity in developing nations will drive the market expansion. Furthermore, increased commercial building usage are driving the market growth. China and India are expected to be the major contributors to the market growth owing to 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. Also, the region has become a popular location for cement, chemical, oil & gas, automotive, and other industries, further influencing the market size growth.
North American Market Forecast
North America acoustic insulation material market is predicted to grow at a rapid pace throughout the projection period, led by increased non-residential building investment in the region. Moreover, government is taking favorable initiatives for the adoption of acoustic insulation material in instructional building and others. In addition, the surging demand from the transportation industry is further anticipated to fuel the market expansion in the region.
Europe Market Forecast
European acoustic insulation materials market is set to grow at a steady rate during the forecast period. This can be attributed to 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.
