Acoustic foam insulation is a type of material used to reduce sound vibrations and improve acoustics. In an enclosed space, it is used to absorb sound waves and reduce reverberations. Acoustic foam insulations are simple to install and provide cost-effective sound-proofing solutions. Machine rooms, engine compartments, shooting ranges, workshops, clean rooms, and medical facilities are among the places where it can be used. Acoustic foams are combustible, thus they're frequently treated with fire-retardant chemicals when they're employed in high-risk workplaces.
MARKET SCOPE
The "Global Acoustic Foam Insulation Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the acoustic foam insulation market with detailed market segmentation by type and application. The report provides key statistics on the market status of the leading acoustic foam insulation market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global acoustic foam insulation market is segmented into polyurethane, polyethylene, polystyrene, others.
- On the basis of application, the market is segmented into building and construction, automotive, aerospace, others.
MARKET DYNAMICS
Drivers:
- Acoustic foam insulation is the most popular because it creates a stress-free environment in otherwise noisy environments like major industrial plants, automotive, and aerospace. Another major application for acoustic foam insulation is in the building and construction industry. One of the primary factors driving the market demand for acoustic foam insulation is the government's tight regulation of acoustic insulation in buildings.
- Other advantages of acoustic insulation materials include improved fire and thermal resistance, as well as lower energy usage. In specialised professional locations like recording studios, opera halls, and theatres, they also help eliminate reverberations and preserve a flawless acoustic environment.
Restraints:
- The market for acoustic insulation is being held back by a lack of awareness about the value of acoustics in emerging nations and a downturn in the construction industry in various region.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The acoustic foam insulation market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the acoustic foam insulation market in these regions.
IMPACT OF COVID-19 ON ACOUSTIC FOAM INSULATION MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the acoustic foam insulation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from acoustic foam insulation market are anticipated to lucrative growth opportunities in the future with the rising demand for acoustic foam insulation in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the acoustic foam insulation market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Victrex plc
- 3M
- Acoustical Surfaces, Inc.
- American Acoustical Products
- BASF SE
- Dow Chemical Company
- L'ISOLANTE K-FLEX S.p.A.
- Schaumstoffe Helgers GmbH
- Saint-Gobain
- Knauf Insulation
- Johns Manville Inc.
- Ecotone Systems Pvt Ltd
- Acco Isolate Insulation
- Techlite
- Armacell International
- Soprema
- Rockwool International
- Huntsman
- Owens Corning
- Kingspan Group
- JOCAVI