April 2023: Saint-Gobain introduced the Sustainable Construction Observatory to reduce the greenhouse gas emissions from the construction sector and protect non-renewable resources along with the provision of comfortable and decent homes to the consumers. The company shared huge knowledge and information to transform the construction sector across the world towards sustainability and involved professionals, associates, and students in the study conducted at the CSA Institute.
July 2021: Rockwool International A/S in North America started production of commercial stone wool insulation products at the U.S. manufacturing hub in Jefferson County, Werst Virgina. The facility used natural gas for the production process to maintain the sustainability commitment of the company.
Author Credits: Mohd Shadab, Yashika Karodiwal
Report ID: 4974
Published Date: Jun 02, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing side effects from synthetic fibers, and rising preference for green buildings are the major factors driving the market growth.
The market size of acoustic insulation is anticipated to attain a CAGR of ~6.9% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Saint-Gobain, Rockwool International A/S, Knauf Insulation Owens Corning, Johns Manville Inc., Armacell, BASF SE, Paroc, Soperma, Huntsman, and others.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, end-user industry, and by region.
The transportation segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Lack of awareness and value of acoustics and reduced construction sector are estimated to be the growth hindering factors for the market expansion.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.