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.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~6% |
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Base Year Market Size (2022) |
~ USD 14 Billion |
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Forecast Year Market Size (2035) |
~ USD 28 Billion |
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Regional Scope |
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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:
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By Application |
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By Product Type |
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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.
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: Smruti Ranjan, Rajrani Baghel
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