Building Acoustic Insulation Market is expected to expand at a CAGR of 5.3% from 2021 to 2028
Building Acoustic Insulation Industry Overview The global building acoustic insulation market size was valued at USD 4.11 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.3% from 2021 to 2028. Increasing awareness regarding noise pollution, stringent noise pollution standards, growing living standards, and energy efficiency are expected to drive the market over the forecast period. The COVID-19 pandemic across the globe has significantly impacted the supply chains as major economies across the globe suspended and delayed construction projects. Due to this, demand for acoustic insulation products had witnessed a steep decline in the residential and non-residential sectors. However, with the ease of lockdown and global trade restrictions, the market has been witnessing recovery in 2021, which is expected to restore the growth trajectory of the market. Gather more insights about the market drivers, restrains and growth of the...