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Building Acoustic Insulation Market Size, Share & Trends Analysis Report By Product (Glass Wool, Rock Wool, Foamed Plastic), By Application (Residential, Non-residential), By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 107 Pages
  • May 2023
  • Region: Global
  • Grand View Research
  • ID: 5516260
The global building acoustic insulation market size is expected to reach USD 6.81 billion by 2030. The market is expected to expand at a CAGR of 5.3% from 2023 to 2030. This growth is attributed to the rising residential and non-residential construction activities and growing investments in infrastructural developments. In addition, the rising awareness of residents regarding the construction of energy-efficient properties, surging requirements of renovating existing buildings, increasing demand for comfortable interior spaces, and evolving regulations of different countries to maintain the required acoustic levels in properties are further expected to propel the market growth.

Building acoustic insulation focuses on sound reduction mainly with the help of building envelopes such as façades, roofs, ceilings, internal walls, and floors. These applications are one of the crucial factors for the success of acoustic insulation in the construction industry. Thus, the growing construction industry is one of the major drivers for the growing demand for the acoustic insulation market.

Foamed plastic building acoustic insulation is installed in house properties for dampening noise pollution as they remove echoes and background sounds by absorbing them. They not only absorb sound but also enhance the quality of sound and speech in a room. However, foamed plastics are mainly composed of polyurethane, which releases smoke in large volumes when burned. This makes them unsafe for usage in buildings in comparison with rock wool and glass wool.

Market differentiators are the players engaged in the production and distribution of building acoustic insulation with distinctive characteristics. Acoustic insulation is used in residential properties for internal compartments, floors, partitions, and cracks. Manufacturers of these insulations produce customized insulation panels for ventilation ducts, drainage systems, beams, chimneys, and pillars of residential structures.

Building acoustic insulation manufacturers are opting for new technology in the manufacturing process, which allows them to absorb sound at the low end of the sound spectrum. This results in low operational costs and time and provides them with a competitive edge over other manufacturers. The market players use strategies including mergers & acquisitions, agreements with other companies, and product development to maintain their market position. In addition, players focus on mergers & acquisitions to expand their regional and product portfolio base.

Building Acoustic Insulation Market Report Highlights

  • The foamed plastic segment is expected to witness a growth rate of 5.5% from 2023 to 2030. This is attributed to rising demand from industries like residential and non-residential construction as they reduce noise pollution and remove echoes & background sounds not by blocking the sound but by absorbing it. Furthermore, characteristics such as lightweight insulation material with superior sound absorption and quakeproof are expected to boost the product demand
  • The steep in the market was observed during the COVID-19 pandemic in 2020, which disrupted the construction and manufacturing activities around the world. This, in turn, hampered the demand for building acoustic insulation in the market. However, the market has witnessed a recovery from the impact of the COVID-19 outbreak. Moreover, growing industrialization and urbanization are estimated to increase the demand for building acoustic insulation during the forecast period
  • Non-residential application dominated the market in 2022 and is expected to reach USD 4.06 billion by 2030, owing to increasing offices, hotels and motels, restaurants, malls, warehouses, gyms, and recreational properties developed by general contractors, design-build companies, and project managers. In addition, building acoustic insulation in non-residential properties helps improve the performance and productivity of employees, enables effective communication, and ensures their privacy
  • Prominent players are focusing on a variety of business strategies, such as capacity building, business expansion, collaborations, mergers & acquisitions, and application development, to maintain their position in the global market. Furthermore, investment in research & development is expected to provide new opportunities for the players. For instance, in 2021, Johns Manville added a new product to its building insulation product line. The product, JM Corbond High Yield Open-Cell Spray Polyurethane Acoustic Foam has the ability to offer exceptional spray application and high performance.
  • The U. S. dominated the North America market accounting for over 75.3% of the region’s market revenue share in 2022. The growing awareness regarding the advantages of soundproofing residential buildings such as family homes, multi-family residential buildings, and apartments are contributed to the market growth in the region.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Research Methodology
1.3. Research Scope & Assumption
1.4. Information Procurement
1.4.1. Purchased Database
1.4.2. Internal Database
1.4.3. Secondary Sources & Third-Party Perspectives
1.4.4. Primary Research
1.5. Information Analysis
1.5.1. Data Analysis Models
1.6. Market Formulation & Data Visualization
1.7. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook 2022
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Building Acoustic Insulation Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Building Acoustic Insulation Market - Value Chain Analysis
3.3. Regulatory Framework
3.4. Technology Overview
3.5. Building Acoustic Insulation Market - Market Dynamics
3.5.1. Market Driver Analysis
3.5.1.1. Growing Building & Construction Industry
3.5.1.2. Rising Urban Population
3.5.2. Market Restraint Analysis
3.5.2.1. Environmental Issues Concerning Raw Materials
3.5.3. Market Opportunity Analysis
3.5.4. Market Challenge Analysis
3.6. Building Acoustic Insulation Market - Porter’s five forces analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Buyer Power
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitution
3.6.5. Competitive Rivalry
3.7. Industry Analysis - PESTLE by SWOT
3.8. Market Disruption Analysis
Chapter 4. Building Acoustic Insulation Market: Product Estimates & Trend Analysis
4.1. Key Takeaways
4.2. Product Movement Analysis & Market Share, 2022 & 2030
4.3. Building Acoustic Insulation Market Estimates & Forecasts, by Product, 2018 to 2030 (USD Million)
4.3.1. Glass Wool
4.3.2. Rock Wool
4.3.3. Foamed Plastic
4.3.4. Others
Chapter 5. Building Acoustic Insulation Market: Application Estimates & Trend Analysis
5.1. Key Takeaways
5.2. Application Movement Analysis & Market Share, 2022 & 2030
5.3. Building Acoustic Insulation Market Estimates & Forecasts, by Application, 2018 to 2030 (USD Million)
5.3.1. Residential
5.3.2. Non-residential
Chapter 6. Building Acoustic Insulation Market: Regional Estimates & Trend Analysis
6.1. Regional Key Takeaways
6.2. Building Acoustic Insulation Market: Regional Outlook
6.3. North America
6.3.1. North America Building Acoustic Insulation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3.2. U.S.
6.3.2.1. U.S. Building Acoustic Insulation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3.3. Canada
6.3.3.1. Canada Building Acoustic Insulation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3.4. Mexico
6.3.4.1. Mexico Building Acoustic Insulation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Europe
6.4.1. Europe Building Acoustic Insulation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4.2. UK
6.4.2.1. UK Building Acoustic Insulation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4.3. Germany
6.4.3.1. Germany Building Acoustic Insulation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4.4. France
6.4.4.1. France Building Acoustic Insulation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5. Asia Pacific
6.5.1. Asia Pacific Building Acoustic Insulation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5.2. China
6.5.2.1. China Building Acoustic Insulation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5.3. India
6.5.3.1. India Building Acoustic Insulation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5.4. Japan
6.5.4.1. Japan Building Acoustic Insulation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6. Central & South America
6.6.1. Central & South America Building Acoustic Insulation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6.2. Brazil
6.6.2.1. Brazil Building Acoustic Insulation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.7. Middle East & Africa
6.7.1. Middle East & Africa Building Acoustic Insulation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.7.2. Saudi Arabia
6.7.2.1. Saudi Arabia Building Acoustic Insulation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.7.3. U.A.E.
6.7.3.1. U.A.E. Building Acoustic Insulation Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
7.1. Key players & recent developments & their impact on the industry
7.2. Company/Competition Categorization
7.3. Vendor Landscape
7.4. Company Market Positioning
7.5. Strategy Framework
7.6. Company Revenues for Publicly Listed Companies (Top 5) Per Region
7.6.1. North America
7.6.2. Europe
7.6.3. Asia Pacific
7.6.4. Central & South America
7.6.5. Middle East & Africa
7.7. List of key emerging companies and their geographical presence
7.8. Company Heat Map Analysis
7.9. Company Listings
7.9.1. Saint Gobain S.A.
7.9.1.1. Company Overview
7.9.1.2. Financial Performance
7.9.1.3. Product Benchmarking
7.9.1.4. Strategic Initiatives
7.9.2. Owens Corning
7.9.3. Rockwool A/S
7.9.4. Armacell
7.9.5. Kingspan Group
7.9.6. Knauf Insulation
7.9.7. BASF SE
7.9.8. Johns Manville
7.9.9. Fletcher Insulation
7.9.10. Cellecta Inc.
List of Tables
Table 1 Building acoustic insulation market revenue estimates & forecasts by product, 2018 - 2030 (USD Million)
Table 2 Building acoustic insulation market revenue estimates & forecasts by application, 2018 -2030 (USD Million)
List of Figures
Fig. 1 Market Segmentation and Scope
Fig. 2 Information Procurement
Fig. 3 Primary Research Pattern
Fig. 4 Primary Research Process
Fig. 5 Market Research Approaches - Bottom-Up Approach
Fig. 6 Market Research Approaches - Top-Down Approach
Fig. 7 Market Research Approaches - Combined Approach
Fig. 8 Market Outlook
Fig. 9 Segmental Outlook
Fig. 10 Competitive Outlook
Fig. 11 Building acoustic insulation market - segmentation and scope
Fig. 12 Building acoustic insulation market - Value chain analysis
Fig. 13 Market driver impact analysis
Fig. 14 Size of global construction industry, 2018 - 2022 (USD Trillion)
Fig. 15 World urbanization estimates, 2017 - 2030 (%)
Fig. 16 Market driver impact analysis
Fig. 17 Building acoustic insulation market - Product movement analysis, 2022 & 2030
Fig. 18 Building acoustic insulation market - Application movement analysis, 2022 & 2030
Fig. 19 Building acoustic insulation market: Regional movement analysis, 2022 & 2030
Fig. 20 Competitive dashboard analysis
Fig. 21 Company market positioning

Companies Mentioned

  • Saint Gobain S.A.
  • Owens Corning
  • Rockwool A/S
  • Armacell
  • Kingspan Group
  • Knauf Insulation
  • BASF SE
  • Johns Manville
  • Fletcher Insulation
  • Cellecta Inc.

Methodology

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Table Information