Acoustic Insulation Market Research Report: Information by Material Type (Polyethylene, Glass Fiber, Wood, Stone Wool, Glass Wool, Mineral Wool, Metal, and Others), Application (Ceilings, Walls, Floors, and Others), End-Use Industry (Building & Construction, Automotive, Aerospace & Defense, and Others), and Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)—Forecast till 2027
ID: MRFR/CnM/2116-HCR | February 2021 | Region: Global | 111 pages
Market Synopsis
The global acoustic insulation market accounted for USD 11.5 billion in 2018, registering a CAGR of over 5.6% during the forecast period.
Acoustic insulation helps isolate noise by sound reflection or sound absorption using acoustic materials such as mineral wool, glass fiber, metal, and stone wool. The surge in the building and construction activities coupled the increase in number of automotive causes noise pollution, which affects the inhabitant’s personal privacy and mental fitness. Thus, individuals are inclined towards the use of insulation materials for construction applications in ceilings, floors, and walls. Hence, increasing the consumption of acoustic materials and boosting the growth of the global acoustic insulation market. Moreover, the stern government regulations regarding reduction of noise pollution create a growth opportunity for the acoustic material producers to expand their growth and expand the global acoustic insulation market as well.
However, the increasing focus on the use of environment-friendly bio-based products over synthetic materials has prompted innovation in bio-based acoustic materials, which is expected to substitute the present material base and hamper the growth of the global insulation material market.
Regional Analysis
The global acoustic insulation market outlook has been reviewed with respect to five regions, namely, Asia-Pacific, the Middle East & Africa, North America, Europe, and Latin America.
Asia-Pacific held the largest share of the acoustic insulation market in 2018 and is expected to be the fastest-growing region during the review period. The key drivers contributing to the surging demand of acoustic insulation in the region are rapid industrialization and flourishing automotive and construction industries of the region. China and India are dominating the regional market owing to the expanding construction industry of the region supported by the government. For instance, according to India Brand Equity Foundation (IBEF), the government of India has allocated USD 63.20 billion for the infrastructure sector for the FY 2019–20.
Europe is expected to hold the second-largest market share in the global acoustic insulation, driven by the stringent government guidelines related to noise isolation and control. For instance, the World Health Organization (WHO) recommended standard guideline value for average outdoor noise levels of 55 dB during the normal daytime and 45 dB during the night. Additionally, the surge in the use of acoustic materials in the commercial sector for providing the employee a noise-free and comfortable space for work, fueling the growth of acoustic insulation market in the region.
North America has a prominent share in the global acoustic insulation market in 2018 and is expected to show healthy growth during the forecast period. Owing to its well-established aerospace and defense industries and the growing construction industry along with a strong GDP per is encouraging individuals to use acoustic insulation to avoid long term exposure of outdoor noise which can lead to mental and physical health problems such as annoyance, stress, and even illness attributed, which is why individuals are shifting towards comfortable and healthy lifestyles.
The acoustic insulation market in the Middle East & Africa is expected to witness healthy growth during the forecast period due to the growing construction activities in the region.
Latin America is expected to have slow growth in the acoustic insulation market during the forecast period, which is led by countries such as Argentina, Brazil, and Chile. For instance, according to the International Congress on Acoustics, in 2016, the acoustic insulation for housing in Argentina, Brazil, and Chile should be ranged between 45dB to 55dB.
Market Segmentation
The global acoustic insulation market has been segmented based on material type, application, and region.
The material types covered under the scope of the global acoustic insulation market are polyethylene, glass fiber, wood, stone wool, glass wool, mineral wool, metal, and others.
Based on application, the global acoustic insulation market has been categorized into floors, walls, ceilings, and others.
The global acoustic insulation market, by end-use industry, has been segmented into building & construction, automobile, aerospace & defense, and others.
Key players
Some of the prominent players of the global acoustic insulation market are Saint-Gobain (France), ROCKWOOL International A/S (Denmark), Knauf Insulation (Germany), Johns Manville (US), Owens Corning (US), Kingspan Group (Ireland), Armacell International (Germany), BASF SE (Germany), Siderise Group (UK), Recticel Insulation (Belgium), Trelleborg AB (Sweden), Fletcher Insulation (Australia), U.P. Twiga Fiberglass Limited (India), Primacoustic (Canada), and Autex Group (New Zealand)
Intended Audience
- Acoustic insulation producers
- Acoustic material producers
- Potential investors
- Infrastructure sector
- Raw material suppliers
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size |
|
| CAGR | 5.6%(2016-2022) |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Material Type, Application |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Saint-Gobain (France), ROCKWOOL International A/S (Denmark), Knauf Insulation (Germany), Johns Manville (US), Owens Corning (US), Kingspan Group (Ireland), Armacell International (Germany), BASF SE (Germany), Siderise Group (UK), Recticel Insulation (Belgium), Trelleborg AB (Sweden), Fletcher Insulation (Australia), U.P. Twiga Fiberglass Limited (India), Primacoustic (Canada), and Autex Group (New Zealand) |
| Key Market Opportunities | |
| Key Market Drivers |
Frequently Asked Questions (FAQ) :
Acoustic Insulation Market valuation was USD 11.5 billion in 2018.
The forecasted CAGR of the market is 5.6% for the period of 2019 to 2025.
The Acoustic Insulation Market growth can be restrained by the growing demand for eco-friendly products.
The Asia Pacific region would have control over the maximum market share.
Strict government regulations regarding noise pollution would drive the Acoustic Insulation Market.