Global Acoustic Insulation Materials Market By Type (Glass Wool, Rock Wool, Foamed Plastic, and Other Product Types); By End-Use (Automotive, Marine and Aerospace); and By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast: 2023-2032
- account_circleAbout Me
Quick Navigation
Report Overview
The Acoustic Insulation Materials Market size is expected to be worth around USD 24,722.8 million by 2032 from USD 13,936 million in 2022, growing at a CAGR of 5.90% during the forecast period from 2023 to 2032.
The global acoustic insulation materials market growth key factors will be impacted by the rising standards of living, increasing awareness about noise pollution, and growing health awareness levels. Noise barriers are essential because it has been proven that the level of noise in the workplace can have an impact on efficiency and human health.
There has been a steady increase in the use of acoustic insulation products on highways, roads, buildings, factories, airports, and other public spaces. This is due to the increasing importance placed on improving the infrastructure for a comfortable and peaceful environment. Market growth factors are also being driven by stricter energy efficiency and fire safety regulations around the world.
Global Acoustic Insulation Market Scope:
Product Type Analysis:
The comprehensive analysis of the product’s major factor market segmentation is further categorized into glass wool, rock wool, foamed plastic, and other product types. Foamed plastics can be easily injected into small spaces of walls or ceilings and provides better noise insulation than closed-cell. Its industry growth key trends will be limited by the high price of this product development. This industry’s revenue growth is expected to be led by the plastic foams sub-segment over the forecast period. Foamed plastic is expected to be the largest market segment with 36% of total revenues over the forecast period. This sub-segment is also projected to index a CAGR of 3.6% over the forecast period.
Stone wool (Rock/Mineral wool), is expected to be the fastest growing product launch in the future due to its high fire protection, sound absorption, thermal insulation, eco-stability, and environmental-friendly properties. It is made by spinning a molten stream from rock, steel furnace waste, and other recycled materials. It is used extensively in residential wood construction activities and steel stud partitions for interior walls. Fiberglass is a glass wool product made from glass. The fibers are spun into fibers, then rolled into sheets with a binding agent.
For greater strength, high resilience, and thermal and acoustic materials with solution properties, thin layers are combined to form a larger sheet. It is best known for the insulation of ceilings in residential buildings. A growing focus on improving public smart infrastructure in order to provide a comfortable and peaceful environment for all public places has resulted in greater use of the acoustic insulation market products throughout highways, construction sites, and industries as well as other public buildings. The market growth is also being driven by stricter fire safety and energy efficiency policies around the globe.
Application Analysis:
Application Insights Non-residential dominated the market, accounting for more than 55.0% of the total terms revenue in 2020. Growing concern about employee comfort has led to a demand for noise-canceling material in commercial buildings. This is due to the increasing demand for commercial and industrial infrastructural activities all over the globe, and the increasing demand from entertainment, such as music studios, and corporate entertainment. Workplaces, auditoriums, and cinema halls. There is a growing demand for noise-canceling material in commercial buildings due to employee comfort. Due to rising construction demand and a growing middle class, the residential market will continue to grow. A growing awareness of health issues like hearing impairments or heart disease is driving the market analysis.
End-Use Analysis:
It is believed that the building & construction industry will experience the greatest penetration of acoustic padding insulation materials. Due to the high cost of insulation, there is a strong demand in this industry. The building & construction industry has been severely impacted as a direct result of recent economic slowdowns in the U.S. and Europe and is still struggling to recover. The forecast period will register a moderate rate of new structures in developed regions, which is expected to limit this segment’s growth.
Key Market Segments:
By Product Type
- Glass Wool
- Rock Wool
- Foamed Plastic
- Other Product Types
By End-Use Industry
- Automotive Sector
- Marine Sector
- Aerospace Sector
- Commercial Sector
Market Dynamics:
The demand for noise-canceling raw material prices in commercial buildings has increased due to growing concerns about employee comfort. A better standard of living is also likely to drive product demand in the residential construction segment to ensure a peaceful ambiance. Rock wool is a popular acoustic insulation product. It provides thermal, acoustic, and fire resistance, and easy installation. Due to its low cost, there has been a higher demand in developing nations for rock wool. The transportation industry will register an increase in demand, which is expected to subsequently drive product demand.
In the development of this industry size, regulations related to noise isolation and control play an important role. The EPA has established standards to limit noise generation in transportation and the sound isolation of buildings. Many countries within the European Union regulate noise levels in their airborne, appliance, and impact environments. Regulations are also enforced for the isolation from external noises. Different standards govern the sound generated by ships, airplanes, or automobiles.
Regional Analysis:
The Asia Pacific is believed to be the largest share region and was responsible for approximately 42% of global demand in 2022. This is a region of high potential because of its expanding transportation and building sectors. This region’s growth is expected to be driven by the growing manufacturing and transportation sectors over the next seven years. Europe has also registered remarkable penetrations of acoustic insulation materials. There are strict regulations for building acoustic isolation and noise control for transport and industrial equipment. Product penetration can be attributed to these strict regulations. The forecast period will register a regional growth slowdown due to the simmering down of the construction sector.
Key Regions and Countries Covered in the Report:
- North America
- The US
- Canada
- Mexico
- Europe
- Germany
- The UK
- France
- Italy
- Russia
- Spain
- Rest of Europe
- APAC
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- Latin America
- Brazil
- Argentina
- Rest of South America
- MEA
- GCC
- South Africa
- Israel
- Rest of MEA
This global industry’s landscape is centered around a few major players. It features a diverse product portfolio and continuous development, as well as increasing regional reach. Major players use mergers & acquisitions to expand their existing largest market shares and integration of value chains. Saint-Gobain (Rockwool), and Armacell, among other key industry players, are all involved in the expansion of their respective organizations. The focus has been on increasing capacities in the high-growth rate market.
Market Key Players:
- Compagnie de Saint-Gobain S.A.
- Rockwool International A/S
- Knauf Insulation
- Kingspan Group Plc
- Owens Corning
- Johns Manville Inc.
- CSR Building Products Ltd
- Armacell International S.A.
- ArmaGel DT
- BASF SE
- Paroc
- Other Key Players
For the Building Acoustic Insulation Materials Market research study, the following years have been considered to estimate the market size:
Attribute Report Details Market Size in 2022
USD 13,936 million
Growth Rate
5.90%
Forecast Value in 2032
USD 24,722.8 million
Historical Years
2016-2020
Base Year
2021
Estimated Year
2022
Short Term Projection Year
2028
Projected Year
2023
Long Term Projection Year
2032
Report Coverage
Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.
Regional Scope
North America, Europe, Asia-Pacific, South America, Middle East & Africa
Country Scope
United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa
Frequently Asked Questions (FAQ)
Q: What is the size of the Building Acoustic Insulation market in 2021?
The Building Acoustic Insulation market size is US$ 4,348 million in 2021.
Q: What is the projected CAGR at which the Building Acoustic Insulation market is expected to grow at?
The Building Acoustic Insulation market is expected to grow at a CAGR of 5.8% (2023-2032).
Q: List the segments encompassed in this report on the Building Acoustic Insulation market?
Market.US has segmented the Building Acoustic Insulation Market by geographic (North America, Europe, APAC, South America, and Middle East and Africa). By Product, the market has been segmented into Glass Wool, Rock Wool, Foamed Plastic, Others; by Application, the market has been segmented into Residential and Non-residential.
Q: List the key industry players of the Building Acoustic Insulation market?
Compagnie de Saint-Gobain S.A., Owens Corning, Rockwool International, Armacell International S.A., Kingspan Group plc, Knauf Insulation, BASF, Johns Manville, Other Key Players are the key vendors in the Building Acoustic Insulation market.
Q: Which region is more appealing for vendors employed in the Building Acoustic Insulation market?
APAC accounted for the highest revenue share of 37.5%. Therefore, the Building Acoustic Insulation industry in APAC is expected to garner significant business opportunities over the forecast period.
Q: Name the key areas of business for the Building Acoustic Insulation Market.
The US, Canada, Mexico, UK, China, Japan, Germany, France, etc., are leading key areas of operation for Building Acoustic Insulation Market.
Q: Which segment accounts for the greatest market share in the Building Acoustic Insulation industry?
With respect to the Building Acoustic Insulation industry, vendors can expect to leverage greater prospective business opportunities through the Non-residential segment, as this area of interest accounts for the largest market share.
- account_circleAbout Me
- ondemand_videoVideos
- Compagnie de Saint-Gobain S.A.
- Rockwool International A/S
- Knauf Insulation
- Kingspan Group Plc
- Owens Corning
- Johns Manville Inc.
- CSR Building Products Ltd
- Armacell International S.A.
- ArmaGel DT
- BASF SE Company Profile
- Paroc
- Other Key Players
- settingsSettings
Our Clients
Request a Sample Report
We'll get back to you as quickly as possible
Single User
$5,999
$4,499
USD / per unit
save 25%
|
Multi User
$7,999
$4,999
USD / per unit
save 38%
|
Corporate User
$9,999
$5,499
USD / per unit
save 45%
|
|
---|---|---|---|
e-Access | |||
Report Library Access | |||
Data Set (Excel) | |||
Company Profile Library Access | |||
Interactive Dashboard | |||
Free Custumization | No | up to 10 hrs work | up to 30 hrs work |
Accessibility | 1 User | 2-5 User | Unlimited |
Analyst Support | up to 20 hrs | up to 40 hrs | up to 50 hrs |
Benefit | Up to 20% off on next purchase | Up to 25% off on next purchase | Up to 30% off on next purchase |