Hi can someone share where to get good quality damping materials at reasonable price?
What's the goal?
If it's cabinet rigidity, try a viscoelastic compound sandwiched between two relatively thin ply/MDF panels. Car-fi shops offer that kind of thing as a sound deadener, to either be brushed or sprayed on.
If it's absorption of midrange resonances and/or lowering the the system Q, then I prefer Bonded Logic Ultratouch recycled denim insulation. It's basically equivalent to fiberglass, but much less annoying to work with. (Fiberglass insulation also works excellently, and is much cheaper. But I can't be around the stuff without my eyes watering, my nose running, and my arms itching. Others are more tolerant.) Home Depot sells the stuff online. Perhaps there are other sources as well in your area.