Global Acoustic Insulation Market By Overview
Acoustic Insulation Market accounted for USD 15.5 Billion in 2024 and is estimated to be USD 22.1 Billion by 2034 and is anticipated to register a CAGR of 3.60%.
Acoustic insulation is a barrier created between the interior and exterior areas in order to prevent the sound from entering or exiting from an enclosed space. In addition, panels are installed in the interior walls to insulate the sound from transmitting. The installed panel consists of foam or materials that help in absorbing echoing, reverberations, or other sound transmissions.
Global Acoustic Insulation Market By Drivers & Restraints
Rapid growth in the construction sector across emerging economies, coupled with increasing awareness among the consumers regarding noise pollution is the major factor driving growth of the global market. In addition, growing demand in the entertainment industry including corporate workplaces, music studios, cinema halls, and auditoriums for sound absorption materials will provide a positive scope for the global acoustic insulation market over the forecast period. Rise in installation of sound barriers across the highways, construction sites, airport runways, railway stations for improving the building infrastructure to offer convenient and peaceful environment in public places has led to boost growth of the target market.
Moreover, constructive indicators from the gyms, workout centers, industrial sound absorption, control rooms, cabinets, and shipbuilding segments have created lucrative opportunities for the product growth globally. For instance, Restored Hearing Ltd., an Irish company, has launched a sound bounce material which is 35 times more effective than other sound absorbing materials. The sound bounce material has a strong business potential in various sectors such as manufacturing, construction, and transportation for better and efficient sound insulation products. However, high cost of acoustic insulation in buildings and stagnant growth of industries in developed nations may create hindrances in the growth of the global market over the forecast period.
Global Acoustic Insulation Market By Segmentations & Regional Insights
The acoustic insulation market is segmented based of type, end-user industry, and region. Based on type, the global acoustic insulation market is segmented into fiberglass/glass wool, rock wool, and foamed plastic. Rook wool type segment dominates the global market, owing to its properties, including excellent sound absorption, high density, fire resistance, moisture and water repellant, and heat insulation properties. Besides, rock wool aids in controlling the rate of spread of fire as well as is immune by temperatures up to 1000°C. On the basis of end-user industry, the target market is classified into residential construction, commercial construction, transportation, and industrial. Construction segments accounted for the largest market share in 2018. The dominance of the segment is attributed due to surge in population and urbanization in countries including India and China.
Regional Insights:
Based on region the global acoustic insulation market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to hold largest market share along with Europe. This is mainly attributes due to growing awareness of green construction, IoT and smart infrastructure in the region. Asia-Pacific is expected to grow at the fastest rate on account of stringent government regulations, increased infrastructure investments, along with a rise in health-related problems. In addition, growing noise pollution in several metropolitan cities and rapid surge in infrastructural activities will proliferate the global acoustic insulation market demand in the region.
Acoustic Insulation Market, By Type:
- Fiberglass/Glass Wool
- Rock Wool
- Foamed Plastic (EPS and XPS)
Acoustic Insulation Market, By End-user Industry:
- Residential Construction
- Commercial Construction
- Transportation
- Industrial
Acoustic Insulation Market, By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Global Acoustic Insulation Market By Competitive Landscape & Key Players
Key players operating in the global acoustic insulation market includes Rockwool International, Saint-Gobain, Knauf Insulation, Johns Manville, Owens Corning, Paroc Group, Kingspan Group, Armacell International, BASF SE, and Fletcher Insulation. Technological advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global market. For instance, in October 2017, Kingspan has announced the acquisition of Isoeste, a Brazilian insulation panel company, to meet the needs of growing demand for acoustic products from the Latin American region.
Global Acoustic Insulation Market By Company Profile
- Rockwool International
- Saint-Gobain
- Knauf Insulation
- Johns Manville
- Owens Corning
- Paroc Group
- Kingspan Group
- Armacell International
- BASF SE
- Fletcher Insulation
Global Acoustic Insulation Market By Highlights
FAQs
The Global Acoustic Insulation Market is segmented into type, end user, and region.
Rapid growth in the construction sector across emerging economies, coupled with increasing awareness among the consumers regarding noise pollution is the major factor driving growth of the global market.
By region, Asia-Pacific is projected to lead the global acoustic insulation market and is expected to remain dominant during the forecast period.
The Key players operating in the Global Acoustic Insulation Market includes Rockwool International, Saint Gobain, Knauf Insulation, Johns Manville, Owens Corning, Paroc Group, Kingspan Group, Armacell International, BASF SE, Fletcher Insulation.