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Global Acoustic Insulation Market

Global Acoustic Insulation Market

Submitted by • April 26, 2019 www.maximizemarketresearch.com

Global Acoustic Insulation Market was valued US$ 11.1 billion in 2017 and is expected to reach US$ 19.8 billion by 2026 at CAGR of 7.50%.
Acoustic insulation materials market is mainly driven by the regulations pertaining to noise control and stringent government regulatory standards, especially in U.S. and European countries. Different laws and regulation has been enacted to control a level of external sound leaking inside a building or closed environment like within a vehicle, airplane, etc. In addition to this, a few other major factors driving market demand would be increasing health issues among population related to over-exposure of sound, strict regulatory bodies monitoring noise level and rise in the End Use Industry of state of the art facilities among others. Low awareness in developing countries and high initial cost is restraining the market.

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Voted by nileshghadge

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