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    Acoustic Insulation Market Report

    Acoustic Insulation Market Report
    Report code - SR1367 Published On : Nov,2021 No. of Pages: 140
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    Acoustic Insulation Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth See more...

    Market Highlights

    The trend of green buildings has led to the dynamics in the material mix of building envelopes and designs. The designing scheme of green buildings increasingly considers insulation (including acoustic insulation) to be one of the crucial elements for both new constructions as well as renovation projects. The transfer of airborne and structural noises between different rooms in a building can be efficiently prevented by integrating acoustic insulation materials. Moreover, the strict government laws and regulations regarding sound insulation requirements, such as US EPA Noise Control Act, are providing an opportunity for acoustic material manufacturers to expand their businesses. Furthermore, the trend towards quieter automobile interiors is further substantiating the demand for acoustic insulations.

    Acoustic insulation currently holds less than 25% share of the overall insulation market (thermal and acoustic); however, it offers strong growth potential in the coming years, driven by its lower cost, excellent durability, seamless installation, and the mandates of building codes boosting the use of sound insulation materials.

    The global acoustic insulation market has been witnessing a decent growth over the past decade; however, the sudden outbreak of COVID-19 has brought a considerable downswing in the market due to a shrinking economy, a significant reduction in infrastructure spending, a hefty decline in vehicle production, and postponement of construction activities. However, the gradual opening of economies, regain in consumer confidence, the resilient outlook of the construction industry, and expected recovery in vehicles production are key factors that are likely to translate an impressive bounce-back in the demand for acoustic insulations from 2021 onwards. The long-term market outlook also looks promising and is estimated to grow at a healthy CAGR of 5 % to reach US$ 13.9 Billion in 2026.

    Market Segments' Analysis

    Based on the material type, the acoustic insulation market is segmented as fiberglass, mineral wool, plastic foam, and elastomeric foam. Mineral wool is dominant in the market driven by its versatility in providing excellent thermal insulation, acoustic padding, fire resistance, and being simple to install. Furthermore, the lower cost of mineral wool over competing insulation materials, such as fiberglass and plastic foams, is fuelling its demand, especially in emerging cost-sensitive economies.

    Based on the end-user type, the market is segmented as building & construction, transportation, and industrial. Building & construction is estimated to remain the largest segment of the market during the forecast period. The segment’s growth will be driven by changing trends toward eco-friendly buildings that provide efficient acoustic and thermal insulation for residential, commercial, and industrial uses. The growing need for superior insulation materials meeting modern building regulations with efficient sound absorption and dampening, dimensional stability, and ecological compatibility, are among the primary elements driving the segment’s demand.

    In terms of region, Europe is expected to remain the largest region of acoustic insulation during the forecast period. Rising awareness of green construction and smart infrastructure is predicted to boost the product demand in the region in the years to come. Growing awareness among descriptors defined in ISO standards and guidelines set by governing bodies, such as Noise Policy Vision set by DEFRA, is attributed to driving the acoustic insulation penetration in the region’s market.

    Asia-Pacific holds a niche share but represents a huge white-space growth opportunity in the years to come. The strong construction industry and infrastructure outlook of key countries in the region may create new revenue pockets for industry stakeholders in the near term. Emerging Asian economies, such as China and India, are likely to substantiate the market growth with the gradual adoption of stricter building codes, leading to an increase in the penetration of insulation materials in the region.

    Key Players

    The following are the key players in the acoustic insulation market.

    • Owens Corning
    • Knauf Insulation
    • Rockwool International
    • 3M
    • BASF SE
    • Fletcher Insulation
    • Ursa Insulation
    • Certainteed
    • Johns Manville
    • Armacell
    • K-Flex
    • Kingspan

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s acoustic insulation market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,500 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The acoustic insulation market is segmented into the following categories. 

    Acoustic Insulation Market, by Material Type

    • Fiberglass (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Mineral Wool (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Plastic Foam (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Elastomeric Foam (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Acoustic Insulation Market, by End-Use Type

    • Building & Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Acoustic Insulation Market, by Region

    • North America (Country Analysis: USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, Spain, the UK, and Rest of Europe)
    • Asia-Pacific (Country Analysis: India, China, Japan, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, UAE, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The acoustic insulation market is estimated to grow at a CAGR of 5% by 2026.

    Owens Corning, Knauf Insulation, Rockwool International, 3M, BASF SE, Fletcher Insulation, Ursa Insulation, CertainTeed, Johns Manville, Armacell, K-Flex, and Kingspan Group are the key players in the market.

    Europe is estimated to remain dominant in the acoustic insulation market in the foreseen future.