Acoustic Insulation Market Size & Share, by Type (Elastomeric Foam, Glass Wool, Rock Wool, Foamed Plastics); End-user (Building & Construction, Energy & Utilities, Transportation, Oil & Gas, Industrial & OEM) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4974
  • Published Date: Jun 02, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Acoustic Insulation Market size is expected to reach USD 34.9 billion by the end of 2035, growing at a CAGR of 6.9% from 2023 to 2032. In the year 2022, the industry size of acoustic insulation was USD 15.67 Billion. Growing noise pollution across the world with traffic and other noises is estimated to hike the market growth. Therefore, there has been surging demand for acoustic insulation from different end-use industries for the absorption and reduction of noise pollution. Increasing usage in oil and gas industries, petrochemical sectors, and energy utilities is anticipated to drive the growth of the market.

Further, the increasing construction of hospitals and the growing healthcare concern related to reducing noise disturbance is propelling the industry growth. The growth of the market is attributed to the advantages of acoustic insulation as it is fire resistance, noise proof, and eco-friendly. The escalating applications in the military, aircraft, and marine sectors across the world are also estimated to hike the industry growth in the coming years.


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Acoustic Insulation Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Preference for Green Buildings and Environmentally Friendly Constructions – Increasing the number of policies to build eco-friendly buildings and rising the focus of government to minimize carbon footprint across the world is set to fuel the industry dynamics. The need for a noise-free environment for schools, hospitals, conference halls, and old age homes is also estimated to propel the  acoustic insulation market growth. It was observed that nearly half of the firms in the construction sector are estimated to be involved with more than 58% of green building projects in 2021 across the globe.
  • Rising Health Issues caused by Synthetic Fibres – The use of synthetic fibers for soundproofing and insulation is estimated to cause skin problems and respiratory issues across the world. Hence, the synthetic insulation is replaced with acoustic insulation which positively impacts the market size. Also, the presence of oxidizing agents, irritants, and carcinogens, with the highly flammable nature of the other sound-absorbing materials reduced its application increasing the demand for acoustic insulation.

 

  • Increasing Automobile Industries around the World – Increasing automobile producers with rising demand for lightweight and electric vehicles is poised to boost the market expansion. The growing traction toward affordable, less expensive, and efficient insulation with fire resistance is stated to hike the acoustic insulation market growth in the automobile sector.

Challenges

  • Reduced Construction Sector – The construction sector in COVID-19 was hugely impacted owing to a shortage of labor, and supply disruption in the raw materials is estimated to hamper the industry growth. Prevention of transportation and rise in prices are also set to hinder the growth of the market. Further, the government regulations to eliminate raw materials with greenhouse gases in the construction sector are poised to limit the market growth as per the market analysis during the forecast time frame.
  • Lack of Awareness and Value of Acoustics
  • High Initial Capital Cost

Global Acoustic Insulation Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~ 6.9%

Base Year Market Size (2022)

~ USD 15.67 Billion

Forecast Year Market Size (2035)

~ USD 34.9 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Acoustic Insulation Segmentation

Type (Elastomeric Foam, Glass Wool, Rock Wool, Foamed Plastics)

The acoustic insulation market from foam plastics segment is estimated to register a noteworthy revenue during the forecast period.  Also, the segment is projected to grow at a rate of approximately 4 per cent in the upcoming years. The increasing need for good barriers to sound masking is estimated to fuel market segment growth. Foam plastics are one of the new and energy-efficient insulation methods to prevent heat loss and reduce cool temperature which is influencing its usage. Moreover, the easy application to seal the holes and gaps in the walls to prevent air leakage from the walls is anticipated to promote growth opportunities for the market segment growth.

End-User Industry (Building & Construction, Energy & Utilities, Transportation, Oil & Gas, Industrial & OEM)

The transportation segment is anticipated to have a significant market share between 2023 -2035. The hike in market growth is accounted to the need to reduce noise, vibration, and sensation generated by the interiors of vehicles. Also, the rising preference for comfortable and peaceful rides by passengers is driving the market segment growth. Increasing vehicle purchases such as cars, heavy vehicles, trucks, and buses are expected to propel the market segment growth. Insulation in vehicles helps to soundproof systems, engines, external noise, and other machinery.

Our in-depth analysis of the market includes the following segments:

 

 

     Type

  • Elastomeric Foam
  • Glass Wool
  • Rock Wool
  • Foamed Plastics

 

 

     End-User Industry

  • Building & Construction
  • Energy & Utilities
  • Transportation
  • Oil & Gas
  • Industrial & OEM

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Acoustic Insulation Industry - Regional Synopsis

North American Market Statistics

The North American market is projected to hold the largest revenue of nearly USD 7.5 Billion in the year 2035. The growing construction sector in the region with increasing investments in building commercial and residential complexes is driving the  acoustic insulation market growth. The total expenditure of the U.S. in the construction sector as of 2023 was reported to be more than USD 1800 billion. Rising infrastructural development projects to enhance the property value and improve the economic standards of the region are estimated to hike market growth. In addition to this, the increasing need for the reduction of sound to create privacy in buildings, retail, offices, cinemas, gyms, and other entertainment hubs with rapid urbanization in the region is also boosting industry size in the region.

European Market Forecast

Furthermore, the market in the European region is anticipated to hold a significant revenue of USD 5.6 Billion till 2035, owing to the rising number of manufacturing industries and shipbuilding industries. The insulation in the ships is used to regulate heat and reduce sound from the water, engines, and other disturbances from the environment. Also, insulation in the cruise ships enhances the aesthetic appearance thereby raising the demand for acoustic insulation in the region. As of 2022, the production value of the Europe shipbuilding sector per year was estimated to be over USD 40 billion.

Research Nester
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Companies Dominating the Acoustic Insulation Landscape

top-features-companies
    • Saint-Gobain
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Rockwool International A/S
    • Knauf Insulation
    • Owens Corning
    • Johns Manville Inc.
    • Armacell
    • BASF SE
    • Paroc
    • Soperma
    • Huntsman

In-the-news

In The News

  • April 2023: Saint-Gobain introduced the Sustainable Construction Observatory to reduce the greenhouse gas emissions from the construction sector and protect non-renewable resources along with the provision of comfortable and decent homes to the consumers. The company shared huge knowledge and information to transform the construction sector across the world towards sustainability and involved professionals, associates, and students in the study conducted at the CSA Institute.
  • July 2021: Rockwool International A/S in North America started production of commercial stone wool insulation products at the U.S. manufacturing hub in Jefferson County, Werst Virgina. The facility used natural gas for the production process to maintain the sustainability commitment of the company.

Author Credits:  Mohd Shadab, Yashika Karodiwal


  • Report ID: 4974
  • Published Date: Jun 02, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing side effects from synthetic fibers, and rising preference for green buildings are the major factors driving the market growth.

The market size of acoustic insulation is anticipated to attain a CAGR of ~6.9% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Saint-Gobain, Rockwool International A/S, Knauf Insulation Owens Corning, Johns Manville Inc., Armacell, BASF SE, Paroc, Soperma, Huntsman, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, end-user industry, and by region.

The transportation segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

Lack of awareness and value of acoustics and reduced construction sector are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Acoustic Insulation Market Report Scope
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