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The acoustic insulation market is estimated to grow at a CAGR of 3.99% between 2022 and 2027. The size of the market is forecast to increase by USD 2,398.26 million. The growth of the market depends on several factors, including the increasing health concerns over noise pollution, mandatory government regulations, and the growth in the construction sector.
This report extensively covers market segmentation by end-user (building and construction, industrial, and transportation), type (stone wool, glass wool, foamed plastics, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Technavio categorizes the global acoustic insulation market as a part of the global diversified metals and mining market within the global materials market. The parent global diversified metals and mining market covers companies engaged in the production or extraction of metals and minerals such as non-ferrous metals (except bauxite), salt and borate, phosphate rock, and diversified metal mining operations. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
Increasing concerns over noise pollution are notably driving the acoustic insulation market growth, although factors such as the probable toxic effects of acoustic insulation products may impede the market growth. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a decrease in demand for the market during the COVID-19 pandemic, a holistic analysis of drivers will help companies refine marketing strategies to gain a competitive advantage.
Key Acoustic Insulation Market Driver
The increasing concerns over noise pollution are a key factor driving the global acoustic insulation market growth. Surrounding sound and noise pollution are disturbing for many people and could have negative and harmful effects on human health. Unwanted noise can cause a wide range of mental as well as physical disorders. Some of the key sources of noise are motor vehicles, engines, trains, machinery, internal combustion engines, rotors, gears, stators, crushing, industrial operations, construction activities, and music presentations.
Acoustic insulation can offer a possible solution to alleviate such noise to some extent due to its sound-absorbing properties. This acoustic insulation can be installed in residential and commercial buildings, automobiles, and industries to minimize the transmission of unwanted noise and its impacts. Acoustic insulation products stop sound transmission or reflection by converting the sound energy into a negligible amount of heat; hence, it is used widely in soundproofing projects. Growing public and environmental concerns over noise pollution are likely to enhance the sales of acoustic insulation products during the forecast period.
Key Acoustic Insulation Market Trend
The increasing adoption of aerogels will fuel the global acoustic insulation market growth. Owing to its high-performance insulation properties, aerogel is commonly used as an acoustic insulation product. It is an extremely fire-resistant compound and does not require any hazardous or toxic binder and coating materials. Also, it can be used in hot and cold temperatures with equally effective results. The high efficiency of this type of insulation makes it an efficient industrial insulation material.
One of the advantages of aerogel is that the material requires less thick layers than other insulation materials. Owing to all these factors, people prefer aerogel-based acoustic insulation. The rising adoption of aerogel insulation is likely to support the growth of the global acoustic insulation market during the forecast period.
Key Acoustic Insulation Market Challenge
The probable toxic effects of acoustic insulation products are the major challenge to the global acoustic insulation market growth. Some acoustic insulation products comprise toxic and hazardous materials such as binders and other ingredients. Some chemicals and minerals, such as asbestos, formaldehyde, and isocyanates, can cause various skin conditions, asthma, and respiratory diseases. Various spray polyurethane foam (SPF) products consist of isocyanate as an ingredient, which can create multiple health hazards for people. These ingredients produce a foul smell and toxic odour. Dizziness, skin allergies, skin, and respiratory tract irritation, contact dermatitis, sensitization, and irritation in the eyes are some of the key human health effects.
Long-term exposure to asbestos may lead to asthma, asbestosis, and even lung cancer. Under the Clean Air Act (CAA), the US EPA has set limits on certain air pollutants. Formaldehyde is designated a hazardous air pollutant in the National Emission Standards in Section 112 of the Clean Air Act. The use of toxic substances in acoustic insulation products and their probable contamination and adverse effect on human health will likely hinder the market growth.
Key Acoustic Insulation Market Customer Landscape
Our analysis of the Life Cycle of the Global acoustic insulation market from the innovator’s stage to the laggard’s stage. The report illustrates the lifecycle of the global acoustic insulation market, focusing on the adoption rates of the major regions such as the US, Canada, China, the UK, and Germany. Our researchers have included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies for 2022-2027.
Global Acoustic Insulation Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market
knauf.com - The company offers acoustic insulation solutions with enhanced sound insulation, fire and moisture resistance, and impact strength properties where both sides are covered with blue paper. Moreover, the company offers building materials and construction systems, including construction materials for drywall construction, plasterboard, cement boards, mineral fiber acoustic boards, dry mortar with gypsum for internal plastering and cement-based external plastering and insulating materials, glass wool, stone wool, and other insulation materials.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, such as
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the building and construction segment will be significant during the forecast period. Building and construction industry is one of the key end-user segments for acoustic insulation products. Acoustic insulation products are commonly used to prevent sound transmission in building and construction projects. Several existing sound-absorptive ingredients are used within internal cavities and partitions to avoid acoustic transmission. Some of the key application of acoustic insulation in building and construction includes insulation of walls, floors, doors, windows, internal walls, partitions, facades, and ceilings.
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The building and construction segment showed a gradual increase in market share, from USD 5,047.06 million in 2017 and continued to grow by 2021. Some of the key application of acoustic insulation in building and construction includes insulation of walls, floors, doors, windows, internal walls, partitions, facades, and ceilings. Privacy is also one of the key functions of acoustic insulation to prevent the transmission of sound or background noise. In buildings and construction, acoustic insulation is used to stop airborne sounds and impact sounds. Many types of commonly used acoustic insulation are typically made up of stone wool, glass wool, foamed plastics, cellulose fibre, and natural wool. These products help in reducing the vibrations and noise from external sources. Stone wool and glass wool are widely used in the building and construction industry because of their rigid, durable, inert nature and long-lasting performance. Furthermore, our report provides a brief analysis of historical and forecast market share and their segment along with their reasons for growth from 2017 to 2027.
The growth of this segment is primarily attributed to the increasing adoption of Acoustic Insulation by residential consumers, which is driven by changing lifestyles and a growing preference for comfort.
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APAC is projected to contribute 40% by 2027. Our analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
APAC dominated the global acoustic insulation market in terms of market share and is likely to sustain its sale position during the forecast period. China and India are the key leading countries in APAC owing to their fast-paced economic growth. China is observing a shift from a government-sponsored and controlled construction sector to privately financed commercial and industrial construction projects. Market growth in China is mainly driven by private funding establishments in the industrial segment. The growing focus on soundproofing and fire protection in residential as well as commercial and high-rise buildings are likely to boost the demand for acoustic insulation during the forecast period. The increasing demand for high-performance acoustic insulation solutions with exclusive noise absorption properties is expected to promote market growth. The building and construction industry is one of the key end-user industries for acoustic insulation products.
This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. The outbreak of the COVID-19 pandemic led to a decline in demand in APAC. The outbreak of COVID-19 affected many countries in the region, including China, India, South Korea, and Japan. The outbreak also affected the overall economy of the region, as well as the supply chain and construction activities in the industrial and commercial sectors. To prevent community transmission of the disease, many countries in the region announced a nationwide lockdown, which resulted in the temporary closure of transportation, industries, construction, and other activities in 2020. The temporary closure of the above sectors limited the use of acoustic insulation among end-users. This is expected to hinder the potential growth of the market in the region during the forecast period. However, a significant number of infrastructure projects are expected to become operational over the coming years. India is also focusing on strengthening its infrastructure through various programs, such as the smart cities mission. Moreover, governments of several countries, such as India, China, Australia, and Indonesia, are encouraging the use of durable, eco-friendly, and sustainable roofing materials in the building and construction sectors. Thus, rising population and urbanization and the rapid growth of the construction and building industry across APAC will drive the demand for acoustic insulation and the growth of acoustic insulation in residential and commercial buildings, which, in turn, will fuel the growth of the regional market in the region during the forecast period.
Our report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. We have segmented the market based on type, product, distribution channel, and region.
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Acoustic Insulation Market Scope |
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Report Coverage |
Details |
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Page number |
175 |
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Base year |
2022 |
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Historical year |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.99% |
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Market growth 2023-2027 |
$2398.26 million |
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Market structure |
Fragmented |
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YoY growth (%) |
3.76 |
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Regional analysis |
APAC, Europe, North America, South America, and the Middle East and Africa |
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Performing market contribution |
APAC at 40% |
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Key consumer countries |
US, Canada, China, UK, and Germany |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
3M Co, Acoustical Surfaces Inc., Aerogel Technologies LLC, Armacell International SA, Auralex Acoustics Inc., BASF SE, Beautex Industries Pvt. Ltd., Cabot Corp., Compagnie de Saint Gobain SA, CSR Ltd., Fletcher Building Ltd., Hutchinson SA, INS Acoustics Ltd., Isomass Ltd., Johns Manville, Kingspan Group Plc, Knauf Digital GmbH, Owens Corning, ROCKWOOL International AS, and Trelleborg AB |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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