The global acoustic insulation market size was valued at $12,274.9 million in 2020, and is projected to reach $21,205.7 million by 2030, registering a CAGR of 5.6% from 2021 to 2030. Acoustic insulation is a form of soundproofing technology that minimizes sound output by buildings in a room as well as acoustic reverberation by establishing a barrier of an insulating material between interior and exterior sections, preventing sound transmission in an enclosed space. Acoustic design is a major aspect of architecture and construction, which is used in insulation systems to ensure that buildings have correct acoustic quality. This insulation prevents sound waves from being deflected and allows them to pass through cell structure unimpeded.
Expanding middle-class population in both developed and emerging nations is driving up demand for acoustic, heating, and cooling systems for comfort. Acoustic insulation provides a number of benefits, including reducing external disturbance generated by traffic, neighbors, and other noisy activities. In addition, acoustic insulation materials have various advantages such as improved fire and heat resistance, as well as lower energy usage. In specialized professional locations such as recording studios, opera halls, and theatres, they also assist eliminate reverberations and preserve a flawless acoustic environment. The acoustic insulation industry is being driven by rising quality of living and infrastructure operations in buildings in both developed and developing nations. Furthermore, economic expansion in countries such as India and China leads to increased energy usage. Building and construction, as well as transportation sectors in Asia-Pacific are quickly expanding, driving demand for acoustic insulation products.
Acoustic insulations are utilized in end user such as construction, transportation, and industrial. Expansion of the acoustic insulation market in the building & construction sector is driven by factors such as new emerging technologies, increased & improved sound sources in houses, and awareness regarding noise pollution. Europe has strong industrial base, therefore, the demand for acoustic insulation in Europe is driven by rise in need for soundproofing in this region. Energy transition in Europe, as well as a growing noise pollution are becoming increasingly crucial. According to Article 1490 cc, insufficient soundproofing is deemed a flaw that reduces the value of properties. As a result of these considerations, Europe has become a prominent acoustic insulation market.
The global acoustic insulation market is segmented on the basis of material type, sales channel, end user, and region. By material type, the market is categorized into stone wool, glass wool, plastic foam, and others. By sales channel, it is divided into in store and online. Depending on end user, it is fragmented into building construction, industrial, and transportation. Region wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Expanding middle-class population in both developed and emerging nations is driving up demand for acoustic, heating, and cooling systems for comfort. Acoustic insulation provides a number of benefits, including reducing external disturbance generated by traffic, neighbors, and other noisy activities. In addition, acoustic insulation materials have various advantages such as improved fire and heat resistance, as well as lower energy usage. In specialized professional locations such as recording studios, opera halls, and theatres, they also assist eliminate reverberations and preserve a flawless acoustic environment. The acoustic insulation industry is being driven by rising quality of living and infrastructure operations in buildings in both developed and developing nations. Furthermore, economic expansion in countries such as India and China leads to increased energy usage. Building and construction, as well as transportation sectors in Asia-Pacific are quickly expanding, driving demand for acoustic insulation products.
Acoustic insulations are utilized in end user such as construction, transportation, and industrial. Expansion of the acoustic insulation market in the building & construction sector is driven by factors such as new emerging technologies, increased & improved sound sources in houses, and awareness regarding noise pollution. Europe has strong industrial base, therefore, the demand for acoustic insulation in Europe is driven by rise in need for soundproofing in this region. Energy transition in Europe, as well as a growing noise pollution are becoming increasingly crucial. According to Article 1490 cc, insufficient soundproofing is deemed a flaw that reduces the value of properties. As a result of these considerations, Europe has become a prominent acoustic insulation market.
The global acoustic insulation market is segmented on the basis of material type, sales channel, end user, and region. By material type, the market is categorized into stone wool, glass wool, plastic foam, and others. By sales channel, it is divided into in store and online. Depending on end user, it is fragmented into building construction, industrial, and transportation. Region wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
COMPETITION ANALYSIS
Key companies profiled in the acoustic insulation market report include Johns Manville, Rockwool International A/S, Owens Corning, Fletcher Insulation, Knauf Gips KG, Trelleborg AB, Saint-Gobain S.A., Paroc Group Oy, Armacell GmbH, and BASF SE.KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging acoustic insulations market trends and dynamics
- In-depth market analysis is conducted by acoustic insulation market estimations for the key market segments between 2020 and 2030
- Extensive analysis of the acoustic insulation market is conducted by following key product positioning and monitoring of top competitors within the market framework
- A comprehensive analysis of all regions is provided to determine the prevailing opportunities
- The global acoustic insulation market forecast analysis from 2021 to 2030 is included in the report
- The key market players within Acoustic insulations market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the acoustic insulation industry
KEY SEGMENTS
ACOUSTIC INSULATION MARKET SEGMENTS
By MATERIAL TYPE
- Stone Wool
- Glass Wool
- Plastic Foam
- Others
By SALES CHANNEL
- In Store
- Online
By End User
- Building Construction
- Industrial
- Transportation
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY PLAYERS
- Johns Manville
- Rockwool International A/S
- Owens Corning
- Fletcher Insulation
- Knauf Gips KG
- Trelleborg AB
- Saint-Gobain SA
- Paroc Group Oy
- Armacell GmbH
- BASF SE
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Landscape
Chapter 4: Acoustic Insulation Market, by Material Type
Chapter 5: Acoustic Insulation Market, by Sales Channel
Chapter 6: Acoustic Insulation Market, by End-user
Chapter 7: Acoustic Insulation Market, by Region
Chapter 8: Company Profiles
List of Tables
List of Figures
Executive Summary
According to a new report titled, “acoustic insulation market by material type, sales channel, and end user: global opportunity analysis and industry forecast, 2021–2030,” the acoustic insulation market size was valued at $12,274.9 million in 2020, and is projected to reach $21,205.7 million by 2030, registering a CAGR of 5.6% from 2021 to 2030. Acoustic insulation is a technique used for reducing, cancelling, or controlling sound and noise levels generated by machines and other sources to improve the environment and meet regulatory requirements. Noise reduction and absorption may both be achieved with sound proofing and acoustic insulating materials. Noise absorption lowers echoes, reverberating, repetition, and reflection by reducing energy of sound waves as they pass through a location.One of the most difficult aspects of architecture and construction is acoustic design. Major acoustical criteria alter depending on the use of a building or a room, and are centered on sound management across spaces, sound control inside a room, and hearing efficiency in conference rooms and auditoriums. Acoustic insulation systems are turnkey solutions for achieving optimal acoustic quality in buildings. Insulation in buildings is intended to reduce transfer of airborne and structural noise across different rooms.
Plastic foams are the most widely used acoustic insulation material, owing to their superior sound-absorbing and vibration-dampening properties, which contributes toward increased comfort and safety. Sound insulation from these materials can lower noise by up to 50% compared to standard insulating materials such as bitumen sheet or fiber belt. Stone wool is also utilized for resisting immense sound and echo, owing to its better efficiency in lowering noise, good thermal insulation, ease of installation, and improved fire resistance. These acoustic insulation market growth are highly adopted in residential and commercial buildings. Building rules and regulations are changing, new structures are being built, population growth is increasing, and energy prices are all contributing toward the market growth in this segment. In the transportation segment, rise in need for acoustic insulation from automotive and aerospace industries is responsible for this segment's rapid expansion. The market for acoustic insulation in this industry is driven by increased advancements and operations in the transportation industry for soundproofing applications.
Moreover, key players in the market are focusing on increasing their product portfolio and expanding their business to fulfil rising market demands. For instance, in January 2020, BASF SE introduced Basotect UF+, a new foam grade acoustic insulator, which is sound-absorbing and thermally insulating foam designed for use in rail vehicles and construction. Similarly, in July 2020, Owens Corning introduced its FORMULAR NGX product range. This innovative product of acoustic insulation polystyrene foam uses a blowing agent that reduces global warming potential by 90% without affecting insulation performance. As a result, such advanced and latest products are creating growth opportunities in the market.
However, during the pandemic lockdown, various manufacturers in the acoustic insulation market had to stop their business countries such as China, the U.S., and India. This break directly impacted sales of acoustic insulation companies. In addition, lack of manpower and raw materials also constricted supply of equipment of acoustic insulations has negatively influenced growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of acoustic insulation companies.
Competition Analysis
Key companies profiled in the acoustic insulation market report include Johns Manville, Rockwool International A/S, Owens Corning, Fletcher Insulation, Knauf Gips KG, Trelleborg AB, Saint-Gobain S.A., Paroc Group Oy, Armacell GmbH, and BASF SE.
Key Findings Of The Study
- The report provides an extensive analysis of the current and emerging acoustic insulation market trends and dynamics
- Depending on material type, the plastic foam segment dominated the acoustic insulation market share, in terms of revenue in 2020, and the others segment is projected to grow at a significant CAGR during the forecast period
- By end user, the building and construction segment has registered highest revenue in 2020
- Asia-Pacific is projected to register highest growth rate in the coming years
- The report provides an extensive analysis of the current trends and emerging opportunities of the market
- In-depth acoustic insulation market analysis is conducted by constructing estimations for the key segments between 2021 and 2030
- The key players within the acoustic insulation are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the acoustic insulation industry
Companies Mentioned
- Johns Manville
- Rockwool International A/S
- Owens Corning
- Fletcher Insulation
- Knauf Gips KG
- Trelleborg AB
- Saint-Gobain S.A.
- Paroc Group Oy
- Armacell GmbH
- BASF SE.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | February 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 12274.9 million |
| Forecasted Market Value ( USD | $ 21205.7 million |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
