The acoustic insulation market size is projected to reach US$ 15,061.4 million in 2023. With the growing demand for acoustic insulations across various end-user industries, the market graph is likely to shoot up. The market is likely to garner US$ 26,550.8 million by 2033 while exhibiting a CAGR of 5.8% from 2023 to 2033.
Rapid industrialization and growing awareness of noise pollution is expected to drive market growth significantly. Also, with growing disposable income in developing nations, the market is likely to experience considerable expansion in the forecast period.
| Attributes | Details |
|---|---|
| Acoustic Insulation Market CAGR (2023 to 2033) | 5.8% |
| Acoustic Insulation Industry (2022) | US$ 14,454.3 million |
| Acoustic Insulation Market (2023) | US$ 15,061.4 million |
| Acoustic Insulation Market (2033) | US$ 26,550.8 million |
| Acoustic Insulation Industry Attraction | Improving the standard of living and rapid development in infrastructural activities in emerging economies is expected to propel the market. |
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Growing Focus on Developing Building Infrastructure to Augment the Market Size
Increased affordability of the middle-class population has resulted in spiked demand for various comforts. Acoustic insulation lessens external disturbances caused due to traffic and other sources. It has various other benefits apart from acoustic advantages. Other benefits include better thermal and fire resistance and lesser energy demand, among others. Owing to such advantages, acoustic insulation has been gaining traction amongst emerging economies such as India, China, Japan, and others.
The rising focus on enhancing the building infrastructure to provide a convenient environment in public places has resulted in increased sound barrier installations across construction sites, highways, railway stations, airport runaways, et al.
Increased acquisitions and partnerships amongst players in the industry are another significant cause driving the market. For instance, in January 2021, Armacell announced a strategic partnership with the German TITK Group and Melamine. The company chose to produce effective insulation products with melamine resin-based nonwovens. These products are UV and flame-resistant. In another instance, in August 2020, Armacell launched ArmaGel DT acoustic insulator. It gives extraordinarily high acoustic performance and low thermal conductivity and has lowered insulation thickness as opposed to its other insulation counterparts. With the launch of such updated and advanced products, the market is expected to flourish in the coming time.
According to the analysis, the slowdown in the European construction sector is expected to hinder market growth in the forecast period. According to Eurostat, construction activities in 2020 decreased by 2.3% in the Euro area, and 2.1% in the EU, as against the 2019 construction activities in the region. In addition, the annual average production in 2020 fell by 5.7% as compared to 2019. Civil engineering has significantly reduced by 3.8%, building construction by 1.8% in 2020 in the Euro area, while the EU experienced a 4.2% fall in civil engineering and building construction by 1.5%.
Other than this, volatile raw material processes and the application of raw materials containing greenhouse gases are other projected factors hindering the market in the forecast period.
Principal Consultant
There is a significant demand for glass wool in home buildings and pipelines. However, there are certain constraints associated with glass wool since they contain carcinogens. The emergence of aerogel as a replacement is expected to offer significant opportunities to the market in the coming time. Aerogel is 1/3rd the size and weight of glass wool but 37 times more competent than glass wool. The cost of aerogel is expected to lessen in the coming time with rising research and development activities.
Aerogel is comparatively a new material in the market as compared to other materials like glass wool, EPS, and others. These materials are cost-effective. However, the manufacturing process of these materials is easier than that of aerogel, which is cost-effective. However, with continuous efforts in Research and Development activities, players can offer cost-effective production of aerogel. This is expected to provide opportunities to the market players in the market.
The market generated a revenue of US$ 12,475.2 million in 2018 and US$ 14,454.3 million in 2022. In the historical period, the market expanded at a CAGR of 3.7%.
Different factors stimulating the market have been identified as:
By the end of the forecast period, the market is expected to reach US$ 26,550.8 million by 2033. Over the forecast period, the market is projected to register 5.8% CAGR. Heightened expenditure on infrastructural development in emerging countries is projected to fuel the demand for acoustic insulation. The surge in industrial activities is also projected to be a catalyst in the growth of the acoustic insulation industry.
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| Segment | Foamed Plastic |
|---|---|
| Market Share (2022) | 25.4% |
According to the analysis, by type, the foamed plastic segment is anticipated to dominate the market in the forecast period. The segment is expected to exhibit a CAGR of 4.3% in the forecast period. The expansion of the segment can be attributed to its characteristics such as lightweight and heat & sound absorption properties. Foamed plastic experiences significant demand from hotels, hospitals, theaters, and conference halls, among others.
On the other hand, by end-use segment, the building & construction category is anticipated to grow at a 4.1% CAGR during the forecast period. Growth of the segment can be credited to factors like new developing technologies and improvement in sources of sound at homes. Also, growing awareness about noise pollution is another salient cause driving the growth of the segment.
| Region/ Country | North America |
|---|---|
| Value Share % (2022) | 28.1% |
| Market Size US$ (2033) | US$ 7,460.77 million |
| Region/ Country | The United States |
|---|---|
| Value Share % (2022) | 18.2% |
| Market Size US$ (2033) | US$ 4,832.24 million |
Regionally, North America is anticipated to dominate the global acoustic insulation industry in the forecast period. Among all, the United States of America is projected to make the most significant contribution to developing the regional market. Estimations reveal that the United States of America is likely to garner US$ 4,832.24 million in 2033 while exhibiting a CAGR of 4.2% during the same timeframe. The presence of established players in the region is expected to make the most significant contribution to strengthening the regional market.
| Region/ Country | Europe |
|---|---|
| Value Share % (2022) | 20.8% |
| Market Size US$ (2033) | US$ 5,522.56 million |
| Region/ Country | Germany |
|---|---|
| Value Share % (2022) | 9.1% |
| Market Size US$ (2033) | US$ 2,416.12 million |
Europe is predicted to be a lucrative market for acoustic insulation. The stronghold of the region can be attributed to the presence of developed nations such as France, the United Kingdom, Italy, Spain, and Germany, among others.
| Country | The United Kingdom |
|---|---|
| CAGR % 2023 to 2033 | 4.1% |
According to the analysis, the United Kingdom is likely to make the maximum contribution to strengthening the regional market. The country is estimated at US$ 1 billion while recording a CAGR of 4.1% from 2023 to 2033. Increased building and construction activities along with rising noise pollution cases are other salient causes driving the industry in the forecast period. Also, the imposition of stringent environmental regulations in European countries is expected to drive the market in the forecast period. For instance, the United Kingdom government has imposed Building Bulleting 93 regulations which demand minimum acoustic performance standards for school building construction.
| Countries | CAGR % (2023 to 2033) |
|---|---|
| China | 4.1% |
| India | 6.5% |
The Asia Pacific is projected to be growing at a significant pace during the forecast period. Increasing disposable income, rapid urbanization, rising building and construction, and increasing participation of government investments in various commercial projects pertaining to the absorption of fire and sound are some of the important factors driving the market in the forecast period. According to the analysis, China, Japan, and South Korea are estimated at US$ 1.7 billion, US$ 1.4 billion, and US$ 947 billion, respectively. China is likely to expand at 4.1% CAGR, while Japan and South Korea are projected at 3.7% and 3.5% respectively.
The key leaders in the market are situated in regions like North America, Europe, and the Asia Pacific. Companies are striving to expand their manufacturing capabilities to cater to the expanding demand for acoustic insulation. Additionally, firms are forming alliances with their contemporaries to leverage on each other’s competency and elevate their value and brand presence in the market. Acquisitions and mergers are also being employed to gather large share of the market. Key players in the global acoustic insulation industry include Knauf Insulation, Rockwool International A/S, Saint-Gobain, Soprema, and Armacell International, among others.
Recent key developments among players include:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ billion/million for Value and Mn Units (Million Units) for Volume |
| Key Regions Covered | North America; Latin America; Europe; the Middle East & Africa (MEA); East Asia; South Asia; and Oceania |
| Key Countries Covered | The United States, Canada, Brazil, Mexico, Germany, Italy, France, the United Kingdom, Spain, Russia, China, Japan, India, GCC Countries, and Australia |
| Key Segments Covered | Type, End Use Industry, and Region |
| Key Companies Profiled | Knauf Insulation; Rockwool International A/S; Saint-Gobain; Soprema; Armacell International; Others. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The acoustic insulation industry is projected to reach a valuation of US$ 26,550.8 million by 2033.
Saint-Gobain and Soprema are the top players in the acoustic insulation industry.
The United States is projected to hold a sizeable market share over the forecast period.
The acoustic insulation industry is projected to grow at a CAGR of 5.8%.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Square Meter) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Square Meter) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Square Meter) Analysis By Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Square Meter) Analysis and Forecast By Type, 2023 to 2033
5.3.1. Glass Wool
5.3.2. Rock Wool
5.3.3. Foamed Plastic
5.3.4. Elastomeric Foam
5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use Industry
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Square Meter) Analysis By End Use Industry, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Square Meter) Analysis and Forecast By End Use Industry, 2023 to 2033
6.3.1. Building and Construction
6.3.2. Transportation
6.3.3. Oil & Gas and Petrochemicals
6.3.4. Energy & Utilities
6.3.5. Industrial & OEM
6.4. Y-o-Y Growth Trend Analysis By End Use Industry, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By End Use Industry, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Square Meter) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (Square Meter) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. MEA
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Square Meter) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (Square Meter) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. U.S.
8.2.1.2. Canada
8.2.2. By Type
8.2.3. By End Use Industry
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Type
8.3.3. By End Use Industry
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Square Meter) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Square Meter) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Type
9.2.3. By End Use Industry
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By End Use Industry
9.4. Key Takeaways
10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Square Meter) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Square Meter) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. U.K.
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Type
10.2.3. By End Use Industry
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By End Use Industry
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Square Meter) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Square Meter) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Singapore
11.2.1.5. Thailand
11.2.1.6. Indonesia
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of Asia Pacific
11.2.2. By Type
11.2.3. By End Use Industry
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By End Use Industry
11.4. Key Takeaways
12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Square Meter) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Square Meter) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of MEA
12.2.2. By Type
12.2.3. By End Use Industry
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By End Use Industry
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. U.S.
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2022
13.1.2.1. By Type
13.1.2.2. By End Use Industry
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2022
13.2.2.1. By Type
13.2.2.2. By End Use Industry
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2022
13.3.2.1. By Type
13.3.2.2. By End Use Industry
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2022
13.4.2.1. By Type
13.4.2.2. By End Use Industry
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2022
13.5.2.1. By Type
13.5.2.2. By End Use Industry
13.6. U.K.
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2022
13.6.2.1. By Type
13.6.2.2. By End Use Industry
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2022
13.7.2.1. By Type
13.7.2.2. By End Use Industry
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2022
13.8.2.1. By Type
13.8.2.2. By End Use Industry
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2022
13.9.2.1. By Type
13.9.2.2. By End Use Industry
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2022
13.10.2.1. By Type
13.10.2.2. By End Use Industry
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2022
13.11.2.1. By Type
13.11.2.2. By End Use Industry
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2022
13.12.2.1. By Type
13.12.2.2. By End Use Industry
13.13. Singapore
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2022
13.13.2.1. By Type
13.13.2.2. By End Use Industry
13.14. Thailand
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2022
13.14.2.1. By Type
13.14.2.2. By End Use Industry
13.15. Indonesia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2022
13.15.2.1. By Type
13.15.2.2. By End Use Industry
13.16. Australia
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2022
13.16.2.1. By Type
13.16.2.2. By End Use Industry
13.17. New Zealand
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2022
13.17.2.1. By Type
13.17.2.2. By End Use Industry
13.18. GCC Countries
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2022
13.18.2.1. By Type
13.18.2.2. By End Use Industry
13.19. South Africa
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2022
13.19.2.1. By Type
13.19.2.2. By End Use Industry
13.20. Israel
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2022
13.20.2.1. By Type
13.20.2.2. By End Use Industry
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Type
14.3.3. By End Use Industry
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Saint-Gobain SA
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. Rockwool International A/S
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. Knauf Insulation
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. Owens Corning
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. BASF SE
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. Johns Manville
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Kingspan Group PLC
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Paroc Group
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Armacell International S.A
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. Fletcher Insulation
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Acoustic Insulation Market
