Acoustic Insulation Market Outlook 2031:
The global acoustic insulation market size was valued at USD 14.63 Billion in 2022 and is projected to reach USD 20.64 Billion by 2031, expanding at a CAGR of 3.9% during the forecast period 2023 - 2031. The growth of the market is attributed to the increasing demand for acoustic insulation from various end-user sectors and growing demand from developing countries.
Acoustic Insulation is defined as the ability of a material to reduce the sound pressure in terms of sound source and receptor. Applications of acoustic insulation include reflection or absorption of sounds to reduce the noise levels and achieve acoustic comfort.
In other words, to prevent one from being disturbed by the sounds produced by the activities in the next room, the room could be upstairs or adjacent, the construction should prevent sound from being transmitted. Acoustic Insulation reduces the transmission of unnecessary direct sound waves from the source to an unintentional listener by using intervening objects in the sound path.
Acoustic Insulation can be achieved in two different ways by Noise Reduction and Noise Absorption. Noise absorption can be achieved by implementation of the various acoustic materials which absorb unwanted sound waves. These acoustic materials can be of various kinds including porous materials, panel absorbers, cavity resonators which are very prominent.
Porous materials are acoustical boards, soft plasters, mineral wool, diffusers, within the network of pores the sound energy gets blocked and converted into heat. Panel absorbers are panels hung from ceilings or stuck on the wall. Resonant absorbers dampen a sound wave as they reflect it.
Acoustic Insulation Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for acoustic insulation due to rising requirements in construction and building industries is projected to spur the acoustic insulation market growth in the coming years.
- Growing infrastructure and housing expenditure in various emerging countries is anticipated to drive the acoustic insulation market expansion during the forecast period.
- High cost of installation and maintenance is expected to restrain the market growth in the coming years.
- Concerns regarding safety due some of material used in acoustic insulation such as foam not withstanding fire is anticipated to impede the acoustic insulation market growth.
- Strict regulations from governments of various nations worldwide to curb down noise pollution levels, reduction of cost, and advancement in technologies are factors projected to create significant opportunities for market players.
Scope of Acoustic Insulation Market Report
The report on the global acoustic insulation market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Acoustic Insulation Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
2016 – 2021
Types (Polymeric Foams, Glass Wool, Rock Wool, Mineral Wool, and Others), End -Users (Building & Construction, Manufacturing, Transportation, Oil & Gas, Energy & Utilities and Others)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Saint-Gobain, Knauf Insulation, Owens Corning, Johns Manville Inc, Armacell International, BASF SE, Paroc, Rockwool International, Huntsman, Soprema.
Acoustic Insulation Market Segment Insights
Polymeric foams segment is projected to represent a major market share
Based on types, the acoustic insulation market share is segmented into polymeric foams, glass wool, rock wool, mineral wool, and others. The polymeric foams segment is projected to account for large market share in the coming years due to better noise reduction and absorption. Polymeric foams are easy to install in comparison to other types and can be injected in small pockets of walls and ceilings to provide optimum levels of acoustic insulation.
On the other hand, glass wool is anticipated to expand at a healthy CAGR during the forecast period owing to their increasing adoption in developing countries and their growing demand in industrial applications.
Building & Construction to account for large market share
Based on end-users, the acoustic insulation market share is segregated into building & construction, manufacturing, transportation, oil & gas, energy & utilities, and others. The building & construction segment is expected to constitute lager market share during the forecast period.
Building & construction accounted for more than 40% share in 2020 with the growth projected to increase at a steady CAGR in the coming years. The segment dominance in attributed to its wide scale application and growing demand for better insulation in residential and commercial complexes to reduce the levels of noise pollution.
Asia Pacific is anticipated to dominate the market
On the basis of regions, the global acoustic insulation market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to dominate the market during the forecast period.
The regional market growth can be attributed to rapid growth in building & construction sector as well as transportation sectors. Increasing manufacturing activities in the region and rising income levels among the consumers is expected to spur the market growth in the coming years.
- Polymeric Foams
- Glass Wool
- Rock Wool
- Mineral Wool
- Building & Construction
- Oil & Gas
- Energy & Utilities
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
- Rockwool International
- Knauf Insulation
- Owens Corning
- Johns Manville Inc.
- Armacell International
- BASF SE
Key players competing in the acoustic insulation market include Saint-Gobain, Knauf Insulation, Owens Corning, Johns Manville Inc, Armacell International, BASF SE, Paroc, Rockwool International, Huntsman, and Soprema.