Key Findings
The North America acoustic insulation market is calculated to record a CAGR of 4.81% over the estimated period of 2020-2028. The design and development of acoustic insulation panels that could be mounted according to the specific application are estimated to create tremendous growth opportunities for the market.

Market Insights
The acoustic insulation market in North America is surveyed by segregating the market region into the US and Canada. Canada is a high-tech industrial country. Construction, automotive, and aerospace are the main sectors responsible for the demand for acoustic insulation market. The residential and commercial sectors are witnessing significant growth in Canada. In 2018, some of the largest construction projects like Harwood Condominium Power and Adelaide Condominium, Panda Condominium, among others, were started. In commercial construction, hospitals and movie theatres are the main areas for the demand for acoustic insulation materials, and remodeling of these sectors is driving the market. Furthermore, the automotive industry is the largest contributor to Canada’s industrial sector. Due to the high growth rate of commercial vehicles, the automotive industry received a boost in 2018. Government reforms with policies such as IZEV, which allows a rebate of $5000 to electric car buyers, are increasing demand for electric vehicles and encouraging the sale of these vehicles. The aerospace industry leads Canada’s manufacturing sector in research and development investment with an expenditure of over USD 1.4 billion annually. The aerospace industry in Canada is at a crucial point where augmented growth is predicted for the global industry over the next 20 years. This will propel the acoustic insulation market.

Competitive Insights
Johns Manville Corporation, Owens Corning, Armacell LLC, Lanxess AG, Cabot Corporation, etc. are some of the renowned companies operating in the market.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments