Acoustic Insulation Material Market Size & Share, by Product Type (Rock wool, Glass Wool, Plastic Foam); Application {Building & Construction (Residential & Commercial), Industrial, Transportation (Automotive, Aerospace, Marine)} - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 581
  • Published Date: Mar 30, 2023
  • Report Format: PDF, PPT

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

Acoustic Insulation Material Market size is estimated to surpass USD 28 billion by the end of 2035, growing at a CAGR of 6% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of acoustic insulation material was over USD 14 billion. The rising penetration of acoustic insulation materials to maintain the decorum of the corporate office, institutional buildings and others is driving the growth of the global acoustic insulation material market across the globe. Moreover, acoustic insulation materials can be constructed from a range of materials and are intended to limit noise transmission by soaking or deflecting sound waves, so providing a barrier between the noise source and the local environment. For instance, there were about 6 million commercial buildings in the U.S. in 2018.

In addition to these, factors that are believed to boost the market expansion of acoustic insulation materials include the technical breakthroughs that have led to the creation of new and better materials. The introduction of innovations such as aerogel, has led to the development of lightweight, high-performance insulating materials, which will fuel market expansion. Also, there is a greater emphasis on lowering noise pollution and improving acoustic comfort. It fuels demand for acoustic insulating products. Numerous rules and construction requirements have been put in place to impose noise - reducing measures in workplaces and households, which is projected to drive market growth. To reduce noise-induced hearing damage, the EPA and WHO recommend maintaining ambient noise levels below 70 decibels for 24 hours.


Acoustic Insulation Material Market
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Acoustic Insulation Material Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand for Environmentally Friendly Insulating Materials: The growing emphasis on sustainability and lowering carbon dioxide emissions is boosting demand for environmentally friendly acoustic insulating materials. Organic and sustainable materials including wool, cotton, and cellulose are likely to boost market expansion. For instance, it was found in a survey that about 35% of consumers are willing to pay more for sustainable products and goods.
  • The Growing Industry of Hospitality: The rise of the hospitality industry, which includes resorts, clubs, and cafes, is boosting the need for acoustic insulation materials. The emphasis on offering a relaxing and quiet atmosphere for visitors is projected to drive market growth. For instance, there were more than 750,000 hospitality establishments such as hotels and vacation resorts globally in 2019.
  • Aerospace Industry Expansion: The aerospace industry's expansion is boosting demand for acoustic insulation materials in airplanes. The adoption of lightweight, high-performance materials to minimize noise and improve passenger comfort is likely to increase. For instance, the in-cabin noise in an airplane can range between 35-85 decibels, during take-off, landing and in-flight.
  • Rising Demands of Music Recording Studios and Growing Sales of Home Theater Systems: Demand for acoustic insulating materials is increasing owing to the increasing number of home theatres and music studios. These materials aid in the creation of a soundproof atmosphere for an immersive auditory experience, which will drive market expansion. For instance, more than 35 percent of the households in the United States own a home cinema system.
  • Growing Demand for Cabin Comfort in Cars: Increasing demand for acoustic insulation materials in the automobile industry is being driven by a need to provide better interior comfort to consumers. Moreover, the rising usage of electric cars will also aid market growth. Electric cars are silent, and acoustic insulation materials aid in decreasing road noise and improving passenger comfort, which will fuel market expansion. For instance, in 2022, there were more than 2.5 million electric vehicles in the U.S. alone.

Challenges

  • Low Awareness About These Materials: Lack of information about the advantages of acoustic insulation materials is a key issue faced by the market players. Use of these materials necessitates an understanding of the advantages of noise reduction and insulation, which may pose to be a hurdle in the market’s expansion.
  • Availability of Lower-Priced Substitutes
  • High Initial Cost of Installation

Acoustic Insulation Material Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~6%

Base Year Market Size (2022)

~ USD 14 Billion

Forecast Year Market Size (2035)

~ USD 28 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 Material Segmentation

Application {Building & Construction (Residential & Commercial), Industrial, Transportation (Automotive, Aerospace, Marine)}

The global acoustic insulation material market is segmented and analyzed for demand and supply by application into building & construction, industrial, and transportation. Among these segments, building & construction acoustic insulation material segment accounted for the largest segment of overall acoustic insulation material market in 2022 and is projected to witness a notable CAGR during the forecast period. The expanding of commercial infrastructure construction, such as institutional buildings, cooperative offices, and others, is predicted to boost demand for acoustic insulation material, fostering the growth of the global acoustic insulation material market. Furthermore, the acoustic insulation materials absorb the sound that could transfer from one floor of the building to the other floor, and it is further predicted to rise the growth of the segment in the market. For instance, over 1.5 million housing units were annually planned to be built in the U.S.A. alone in 2022.

Product Type (Rock wool, Glass Wool, Plastic Foam)

The global acoustic insulation material market is also segmented and analyzed for demand and supply by product type into rock wool, glass wool, plastic foam and others. Amongst these segments, the rock wool segment by product type is projected to capture the significant share in the overall market of acoustic insulation material market. Further, the factors propelling the market of rock wool acoustic insulation material includes high thermal properties along with acoustic padding fire resistance properties, also known as fireproof insulation. Generally, they are most effective acoustic insulation material that are used in the construction. Moreover, the rock wool is a high-density product that makes an excellent noise reduction and sound absorption. Thus, it is projected to rise the growth of the segment in the market.

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

    By Application

  • Building & Construction
    • Residential
    • Commercial
  • Industrial
  • Transportation
    • Automotive
    • Aerospace
    • Marine
    • Others

   By Product Type

  • Rock wool
  • Glass Wool
  • Plastic Foam
  • Others

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Acoustic Insulation Material Industry - Regional Synopsis

APAC Market Statistics

In the terms of region, Asia-Pacific accounts for highest percentage of about 40% in the overall acoustic insulation material market in 2023 The Asia-Pacific region is experiencing fast urbanization, and rising building activity in developing nations such as India and China are expected to drive the expansion of the acoustic insulation material market. Furthermore, increased commercial building usage and demand for acoustic insulation material are driving the growth of the Asia-Pacific acoustic insulation material market. These nations are expected to be the major contributors to the growth of the market owing to the rapid growth of the real estate sector as well as government projects in these countries. For instance, India and China combined had more than 3000 major infrastructure projects going on in 2022. Moreover, the region has become a popular location for cement, chemical, oil & gas, automotive, and other industries that is further anticipated to surge the market’s growth in the region.

North American Market Forecast

North America region is also predicted to grow the market at a rapid pace throughout the projection period. Furthermore, increased non-residential building investment in this area is expected to fuel the expansion of the acoustic insulation material market. Moreover, government is taking favorable initiatives for the adoption of acoustic insulation material in instructional building and others. This factor is envisioned to bolster the growth of acoustic insulation material market. Further, U.S. is anticipated to be a major country witnessing the augmented demand for acoustic insulation materials. In addition, the surging demand from the transportation industry in the countries such as U.S.A and Canada, is further anticipated to drive the growth of the market in the region.

Europe Market Forecast

European acoustic insulation materials market is expected to grow at a steady rate during the forecast period. This can be attributed to the rising regulations by governments to control noise inside a building. Further, Western Europe countries such as Germany, U.K. and others are believed to witness augmented demand for acoustic insulation material owing to strict EU regulations regarding noise. Moreover, the surging focus on using eco-friendly products over the synthetic materials in the region is expected to rise innovation in bio-based acoustic materials, and it is projected to increase the growth of the acoustic insulation materials in the Europe region.

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Acoustic Insulation Material Market Size
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Companies Dominating the Acoustic Insulation Material Landscape

top-features-companies
    • Johns Manville
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Rockwool International A/S
    • Owens Corning
    • Fletcher Insulation
    • Knauf Gips KG
    • Trelleborg AB
    • Saint-Gobain S.A.
    • Paroc Group Oy
    • Armacell GmbH
    • BASF SE

In the News

  • BASF SE expanded its melamine resin foam range with the addition of Basotect UF+ range of insulation products for HVAC and noise reduction purposes.

  • Saint-Gobain S.A. acquired Pritex, a leading provider of acoustic and thermal insulating material solutions for the mobility sector produced from polymer-based composite materials.

Author Credits:  Rajrani Baghel


  • Report ID: 581
  • Published Date: Mar 30, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing restrictions for noise control and the growing demand for passenger comfort in airplanes and automobiles are the major factors driving the market growth.

The market size of acoustic insulation material is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2023-2035.

Lack of awareness about noise insulation and the high cost of these materials are estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Johns Manville, Owens Corning, Knauf Gips KG, Armacell GmbH, BASF SE, 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 product type, application and by region.

The building & construction segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Acoustic Insulation Material Market Report Scope
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