Acoustic Insulation Market - Forecast(2023 - 2028)
Overview
Acoustic Insulation Market is forecast to reach $17.02 billion by 2025,
after growing at a CAGR of 6% during 2020-2025. The market is driven by
increasing number of developments in the end-use industries of building &
construction and transport. The rising demand for acoustic insulation is driven
by rising government standards against noise pollution, growing living
standards, and increased awareness of safety. All these factors drive the
global acoustic insulation market during the forecast period. One of the most expensive melamine foams is growing in popularity due to its lightweight properties, which allows use especially of aircraft and ceiling panels. Rock wool is a stone wool insulating commodity for use in residential wood and steel stud construction partitions in interior walls. It is particularly useful when you need superior fire resistance and acoustic efficiency
Report Coverage
The report: “Acoustic Insulation Market – Forecast (2020-2025)”, by IndustryARC,
covers an in-depth analysis of the following segments of the Acoustic Insulation industry.
Key Takeaways
- The Asia-Pacific is anticipated to flourish the growth of the acoustic insulation market owing to the rapid urbanization and increase in construction activities in the growing economies such as India and China.
- The building & Construction sector is the leading end-use industry for the acoustic insulation market on account of norms and regulations enacted by the government.
- Increasing competition for the development of acoustically sealed luxury vehicles by automotive manufacturers provides growth opportunities in the market.
Material Type - Segment Analysis
Foamed Plastics is the most
predominant type of material in the market. It has excellent quality of
sound absorption and vibration damping, which leads to higher levels of comfort
and safety Compared to traditional materials such as bitumen sheet or fiber
belt, acoustic insulation from these materials can reduce noise by around 50%.
Moreover, due to the higher efficiency, excellent thermal insulation, easy
installation, and super fire resistance, stone wool is estimated to be the
fastest growing type of material.
End-Use Industry - Segment Analysis
The building and construction
industry is projected to lead the market in acoustic insulation and is expected to grow with the CAGR of 5.7% over the forecast time-frame. Some of the
factors that are influencing the growth of the market in building and
construction sector are building codes and regulations, construction of new
buildings, population growth, energy costs, and sustainability. Strict
governmental standards to reduce noise pollution and improve living standards
are also among the main reasons driving the building and construction market
for acoustic insulation. For instance, the Noise Pollution (Regulation and
Control) Rules 2000 adopted by the Indian government and the 1972 U.S.A. Noise
Pollution and Abatement Act.
In addition, consumer demand for
better noise, vibration, and harshness (NVH) levels, along with widespread
competition between automotive manufacturers to include acoustic products, will
boost the transport segment's demand in the global acoustic insulation market.
Geography - Segment Analysis
Asia Pacific is projected to be the fastest growing
market for acoustic insulation due to increased demand in developing countries
such as India, China, from the building and construction industry. The Indian
government has also set a $120.5 billion investment target for the development
of 27 industrial clusters, which is anticipated to improve the country's
commercial construction. China is witnessing the construction of the country's
numerous airports, which are either under planning or under development. In
addition, the Indian government also planned to build 100 airports by 2032, due
to an increased demand for air traffic. Building & construction and
transportation are the top two end-use industries that contribute to the
increasing demand for acoustic insulation in the Asia Pacific.
Asia-Pacific is followed by Europe, stringent
environmental regulations in European countries to include acoustic insulation
products in commercial and residential buildings will boost the region's market
demand. For example, the UK government has the Building Bulletin 93 legislation
which specifies minimum acoustic performance standards for school building
construction.
Drivers – Acoustic Insulation Market
·
Increase
in health concerns associated with noise pollution
Long-term noise exposure affects people's quality of life and physical health, leading to annoyance and even illness. Residential and commercial spaces are exposed to high levels of noise, which can result in physical ear damage, stress-related diseases, and other associated symptoms. Several noise guidelines have been formulated by the World Health Organization (WHO) in European buildings, leading to reviewed effects on environmental noise on people's health and triggering numerous initiatives and raising awareness among urban population. Globally, consumers are protecting their buildings to reduce noise disturbance and negative health effects by acoustic insulation. Thus, this factor is driving the acoustic insulation market.
·
Implementation
of Stringent Noise Pollution Standards
The demand for
acoustic insulation is strongly influenced by the ongoing increase in standards
related to noise pollution. EPA has developed guidelines for regulating
transportation noise generation as well as sound building environment
isolation. Most European Union countries also regulate the level of airborne
noise, impact noise and appliance noise.
For Instance,
Italian law no. 447 of 2/10/95 proposes the suspension of sound pollution by
public and private entities. The Portuguese regulations define and control the
insulation of noise inside a building from external sources. Sound generation
from vehicles, aircraft and ships is also governed under various specified
standards
Challenges – Acoustic Insulation Market
·
Slowdown
of construction sector in Europe.
The major constraint in the acoustic insulation
market is the decline in the building & construction industry, which
accounts for more than 50% of the total market share of acoustic insulation. In
some regions especially Europe, the residential and commercial construction
industries are still recovering from the economic crisis. This directly affects
and limits the growth of the acoustic insulation market. This downturn in
Europe's construction market is due to the lack of investment in the
construction sector. In addition, there has been a decrease in the renovation
of buildings
·
Low
awareness of acoustics insulation in the emerging countries
Factors that negatively impact the market are low
awareness of acoustic insulation materials in emerging economies and high
capital costs of acoustic insulation in building. Acoustic insulation is still
considered as a luxury rather than a necessity in developing markets such as
India, Africa, and other Southeast Asian countries. These economies also show
a general lack of acoustic awareness and low awareness of the major
benefits of the most economic insulation. Acoustic insulation is considered by
consumers in these countries as only a sound proofing technique and is limited
to entertainment rooms in the house. Increasing acoustic awareness would
present growth in these countries for this market.
Market Landscape
Product launches, acquisitions and R&D activities are
key strategies adopted by players in the Acoustic Insulation Market. In 2019,
the market of acoustic insulation has been consolidated by the top five players
accounting for xx% of the share. Acoustic Insulation top 10 companies, are Saint-Gobain SA, Johns Manville, Rockwool International A/S, Owens
Corning, Fletcher Insulation, Knauf Gips KG, Trelleborg AB, Paroc Group,
Armacell GmbH, and BASF SE., among others.
Acquisitions/Product Launches
- In June 2019, at the African Construction Expo, Knauf Insulation unveiled its new Acoustic Batt. Acoustic Batt was specifically developed to meet the South African market's demand for a noise reduction isolation slab.
- In May 2019, Saint-Gobain acquired Pritex, a key player in acoustic and thermal insulation solutions made from polymer-based composite materials for the mobility industry. This acquisition would allow Saint-Gobain High Performance Solutions ' Mobility business unit to extend its business model beyond automotive glazing and become a solution provider in the mobility industry.
LIST OF TABLES
1.Global Acoustic Insulation Market By Type Market 2019-2024 ($M)1.1 Mineral Wool Market 2019-2024 ($M) - Global Industry Research
1.1.1 Glass Wool Market 2019-2024 ($M)
1.1.2 Rock Wool Market 2019-2024 ($M)
1.2 Foamed Plastics Market 2019-2024 ($M) - Global Industry Research
1.2.1 Polyethylene Market 2019-2024 ($M)
1.2.2 Polyurethane Market 2019-2024 ($M)
1.2.3 Polystyrene Market 2019-2024 ($M)
1.2.4 Polyisocyanurate Market 2019-2024 ($M)
1.2.5 Phenolic Foam Market 2019-2024 ($M)
2.Global Acoustic Insulation By End-Use Industry Market 2019-2024 ($M)
2.1 Building & Construction Market 2019-2024 ($M) - Global Industry Research
2.1.1 Commercial Buildings Market 2019-2024 ($M)
2.1.2 Residential Buildings Market 2019-2024 ($M)
2.2 Transportation Market 2019-2024 ($M) - Global Industry Research
2.2.1 Automotive Market 2019-2024 ($M)
2.2.2 Marine Market 2019-2024 ($M)
2.2.3 Aerospace Market 2019-2024 ($M)
2.2.4 Railways Market 2019-2024 ($M)
2.3 Manufacturing & Processing Market 2019-2024 ($M) - Global Industry Research
3.Global Acoustic Insulation Market By Type Market 2019-2024 (Volume/Units)
3.1 Mineral Wool Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Glass Wool Market 2019-2024 (Volume/Units)
3.1.2 Rock Wool Market 2019-2024 (Volume/Units)
3.2 Foamed Plastics Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 Polyethylene Market 2019-2024 (Volume/Units)
3.2.2 Polyurethane Market 2019-2024 (Volume/Units)
3.2.3 Polystyrene Market 2019-2024 (Volume/Units)
3.2.4 Polyisocyanurate Market 2019-2024 (Volume/Units)
3.2.5 Phenolic Foam Market 2019-2024 (Volume/Units)
4.Global Acoustic Insulation By End-Use Industry Market 2019-2024 (Volume/Units)
4.1 Building & Construction Market 2019-2024 (Volume/Units) - Global Industry Research
4.1.1 Commercial Buildings Market 2019-2024 (Volume/Units)
4.1.2 Residential Buildings Market 2019-2024 (Volume/Units)
4.2 Transportation Market 2019-2024 (Volume/Units) - Global Industry Research
4.2.1 Automotive Market 2019-2024 (Volume/Units)
4.2.2 Marine Market 2019-2024 (Volume/Units)
4.2.3 Aerospace Market 2019-2024 (Volume/Units)
4.2.4 Railways Market 2019-2024 (Volume/Units)
4.3 Manufacturing & Processing Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Acoustic Insulation Market By Type Market 2019-2024 ($M)
5.1 Mineral Wool Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Glass Wool Market 2019-2024 ($M)
5.1.2 Rock Wool Market 2019-2024 ($M)
5.2 Foamed Plastics Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Polyethylene Market 2019-2024 ($M)
5.2.2 Polyurethane Market 2019-2024 ($M)
5.2.3 Polystyrene Market 2019-2024 ($M)
5.2.4 Polyisocyanurate Market 2019-2024 ($M)
5.2.5 Phenolic Foam Market 2019-2024 ($M)
6.North America Acoustic Insulation By End-Use Industry Market 2019-2024 ($M)
6.1 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Commercial Buildings Market 2019-2024 ($M)
6.1.2 Residential Buildings Market 2019-2024 ($M)
6.2 Transportation Market 2019-2024 ($M) - Regional Industry Research
6.2.1 Automotive Market 2019-2024 ($M)
6.2.2 Marine Market 2019-2024 ($M)
6.2.3 Aerospace Market 2019-2024 ($M)
6.2.4 Railways Market 2019-2024 ($M)
6.3 Manufacturing & Processing Market 2019-2024 ($M) - Regional Industry Research
7.South America Acoustic Insulation Market By Type Market 2019-2024 ($M)
7.1 Mineral Wool Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Glass Wool Market 2019-2024 ($M)
7.1.2 Rock Wool Market 2019-2024 ($M)
7.2 Foamed Plastics Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Polyethylene Market 2019-2024 ($M)
7.2.2 Polyurethane Market 2019-2024 ($M)
7.2.3 Polystyrene Market 2019-2024 ($M)
7.2.4 Polyisocyanurate Market 2019-2024 ($M)
7.2.5 Phenolic Foam Market 2019-2024 ($M)
8.South America Acoustic Insulation By End-Use Industry Market 2019-2024 ($M)
8.1 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
8.1.1 Commercial Buildings Market 2019-2024 ($M)
8.1.2 Residential Buildings Market 2019-2024 ($M)
8.2 Transportation Market 2019-2024 ($M) - Regional Industry Research
8.2.1 Automotive Market 2019-2024 ($M)
8.2.2 Marine Market 2019-2024 ($M)
8.2.3 Aerospace Market 2019-2024 ($M)
8.2.4 Railways Market 2019-2024 ($M)
8.3 Manufacturing & Processing Market 2019-2024 ($M) - Regional Industry Research
9.Europe Acoustic Insulation Market By Type Market 2019-2024 ($M)
9.1 Mineral Wool Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Glass Wool Market 2019-2024 ($M)
9.1.2 Rock Wool Market 2019-2024 ($M)
9.2 Foamed Plastics Market 2019-2024 ($M) - Regional Industry Research
9.2.1 Polyethylene Market 2019-2024 ($M)
9.2.2 Polyurethane Market 2019-2024 ($M)
9.2.3 Polystyrene Market 2019-2024 ($M)
9.2.4 Polyisocyanurate Market 2019-2024 ($M)
9.2.5 Phenolic Foam Market 2019-2024 ($M)
10.Europe Acoustic Insulation By End-Use Industry Market 2019-2024 ($M)
10.1 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
10.1.1 Commercial Buildings Market 2019-2024 ($M)
10.1.2 Residential Buildings Market 2019-2024 ($M)
10.2 Transportation Market 2019-2024 ($M) - Regional Industry Research
10.2.1 Automotive Market 2019-2024 ($M)
10.2.2 Marine Market 2019-2024 ($M)
10.2.3 Aerospace Market 2019-2024 ($M)
10.2.4 Railways Market 2019-2024 ($M)
10.3 Manufacturing & Processing Market 2019-2024 ($M) - Regional Industry Research
11.APAC Acoustic Insulation Market By Type Market 2019-2024 ($M)
11.1 Mineral Wool Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Glass Wool Market 2019-2024 ($M)
11.1.2 Rock Wool Market 2019-2024 ($M)
11.2 Foamed Plastics Market 2019-2024 ($M) - Regional Industry Research
11.2.1 Polyethylene Market 2019-2024 ($M)
11.2.2 Polyurethane Market 2019-2024 ($M)
11.2.3 Polystyrene Market 2019-2024 ($M)
11.2.4 Polyisocyanurate Market 2019-2024 ($M)
11.2.5 Phenolic Foam Market 2019-2024 ($M)
12.APAC Acoustic Insulation By End-Use Industry Market 2019-2024 ($M)
12.1 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
12.1.1 Commercial Buildings Market 2019-2024 ($M)
12.1.2 Residential Buildings Market 2019-2024 ($M)
12.2 Transportation Market 2019-2024 ($M) - Regional Industry Research
12.2.1 Automotive Market 2019-2024 ($M)
12.2.2 Marine Market 2019-2024 ($M)
12.2.3 Aerospace Market 2019-2024 ($M)
12.2.4 Railways Market 2019-2024 ($M)
12.3 Manufacturing & Processing Market 2019-2024 ($M) - Regional Industry Research
13.MENA Acoustic Insulation Market By Type Market 2019-2024 ($M)
13.1 Mineral Wool Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Glass Wool Market 2019-2024 ($M)
13.1.2 Rock Wool Market 2019-2024 ($M)
13.2 Foamed Plastics Market 2019-2024 ($M) - Regional Industry Research
13.2.1 Polyethylene Market 2019-2024 ($M)
13.2.2 Polyurethane Market 2019-2024 ($M)
13.2.3 Polystyrene Market 2019-2024 ($M)
13.2.4 Polyisocyanurate Market 2019-2024 ($M)
13.2.5 Phenolic Foam Market 2019-2024 ($M)
14.MENA Acoustic Insulation By End-Use Industry Market 2019-2024 ($M)
14.1 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
14.1.1 Commercial Buildings Market 2019-2024 ($M)
14.1.2 Residential Buildings Market 2019-2024 ($M)
14.2 Transportation Market 2019-2024 ($M) - Regional Industry Research
14.2.1 Automotive Market 2019-2024 ($M)
14.2.2 Marine Market 2019-2024 ($M)
14.2.3 Aerospace Market 2019-2024 ($M)
14.2.4 Railways Market 2019-2024 ($M)
14.3 Manufacturing & Processing Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Acoustic Insulation Market Revenue, 2019-2024 ($M)2.Canada Acoustic Insulation Market Revenue, 2019-2024 ($M)
3.Mexico Acoustic Insulation Market Revenue, 2019-2024 ($M)
4.Brazil Acoustic Insulation Market Revenue, 2019-2024 ($M)
5.Argentina Acoustic Insulation Market Revenue, 2019-2024 ($M)
6.Peru Acoustic Insulation Market Revenue, 2019-2024 ($M)
7.Colombia Acoustic Insulation Market Revenue, 2019-2024 ($M)
8.Chile Acoustic Insulation Market Revenue, 2019-2024 ($M)
9.Rest of South America Acoustic Insulation Market Revenue, 2019-2024 ($M)
10.UK Acoustic Insulation Market Revenue, 2019-2024 ($M)
11.Germany Acoustic Insulation Market Revenue, 2019-2024 ($M)
12.France Acoustic Insulation Market Revenue, 2019-2024 ($M)
13.Italy Acoustic Insulation Market Revenue, 2019-2024 ($M)
14.Spain Acoustic Insulation Market Revenue, 2019-2024 ($M)
15.Rest of Europe Acoustic Insulation Market Revenue, 2019-2024 ($M)
16.China Acoustic Insulation Market Revenue, 2019-2024 ($M)
17.India Acoustic Insulation Market Revenue, 2019-2024 ($M)
18.Japan Acoustic Insulation Market Revenue, 2019-2024 ($M)
19.South Korea Acoustic Insulation Market Revenue, 2019-2024 ($M)
20.South Africa Acoustic Insulation Market Revenue, 2019-2024 ($M)
21.North America Acoustic Insulation By Application
22.South America Acoustic Insulation By Application
23.Europe Acoustic Insulation By Application
24.APAC Acoustic Insulation By Application
25.MENA Acoustic Insulation By Application
26.Saint-Gobain, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Rockwool International, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Knauf Insulation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Johns Manville, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Owens Corning, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Paroc Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Kingspan Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Armacell International, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.BASF, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Fletcher Insulation, Sales /Revenue, 2015-2018 ($Mn/$Bn)