Acoustic Insulation Market Report

Market Insights

"The global acoustic insulation market is likely to rebound at a promising CAGR of 4.3% in the long run to reach US$ 15.5 billion by 2028."

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Acoustic insulation refers to the use of materials or techniques to reduce or block the transmission of sound or noise from one space to another. The goal of acoustic insulation is to improve the acoustic environment within a space by reducing the level of unwanted noise or sound, which can be caused by a variety of sources such as traffic, machinery, music, or voices. Acoustic insulation materials are designed to absorb, reflect, or dissipate sound waves to minimize the amount of sound that passes through them. This can be achieved through the use of materials such as insulation, soundproof curtains, or acoustic panels. Acoustic insulation is often used in residential and commercial buildings, recording studios, concert halls, and other spaces where noise reduction is desired.

The trend of green buildings has led to changes in the material mix of building envelopes and designs. The design scheme of green buildings increasingly considers insulation (including acoustic insulation) to be one of the crucial elements for both new construction 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 the 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 insulation.

Acoustic insulation currently holds less than 20% 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 COVID-19 pandemic has had a smaller impact on the acoustic insulation market, and the market witnessed a decline of more than 3%, in 2020 due to a shrinking economy, a significant reduction in infrastructure spending, a hefty decline in vehicle production, and a postponement of construction activities. The market rebounded in 2021, followed by healthy growth in 2022.

An increase in construction activities, growing infrastructure spending, and an increase in automotive production are key factors that are likely to translate into an impressive bounce-back in the demand for acoustic insulation.

Segment Analysis

Material Trends

"The fiberglass segment accounted for the largest market share."

The acoustic insulation market is segmented into fiberglass, mineral wool, plastic foam, and elastomeric foam. Fiberglass is expected to remain the largest and fastest-growing material type in the market during the forecast period owing to its properties, such as being extremely effective, durable, eco-friendly, energy efficient, easy to install, and low cost.

End-Use Trends

"The building and construction segment accounted for the largest market share."

The market is segmented into building & construction, transportation, and industrial. Building & Construction is estimated to remain dominant in 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.

Regional Trends

"Europe accounted for the largest market share."

In terms of regions, Europe is expected to remain the largest market for acoustic insulation, and it held a revenue share of more than 45% in 2021. Rising awareness of green construction and smart infrastructure is predicted to boost 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 the Noise Policy Vision set by DEFRA, is attributed to driving acoustic insulation penetration in the region’s market.

Asia-Pacific is estimated to remain the second-largest market in the years to come and is also expected to experience the fastest growth during the same period. 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.

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Key Players

The market is fairly populated, with the presence of some local, regional, and global players. Most of the major players compete on some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the acoustic insulation market:

• Rockwool International
• Owens Corning
• Saint-Gobain
• Knauf Insulation
• Johns Manville
• BASF SE

Note: The above list does not necessarily include all the top players in the market.

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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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

The acoustic insulation market is segmented into the following categories:

By Material Type

• Fiberglass
• Mineral Wool
• Plastic Foam
• Elastomeric Foam

By End-Use Type

• Building & Construction
• Transportation
• Industrial

By Region

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

Research Methodology

This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s acoustic inuslation market realities and future market possibilities for the forecast period. 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 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 1,000 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 market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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 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

Recent Market JVs and Acquisitions

• In April 2023, Saint-Gobain acquired Twiga Fiberglass Ltd., one of the leading glass fiber insulation manufacturers in India (Uttar Pradesh) for an enterprise value of US$ 51 million (Approx.)
• In June 2022, Xella Group sold its insulation business, URSA to ETEX. URSA is one of the leading players in Europe for extruded polystyrene (XPS) and glass mineral wool.
• In March 2021, Recticel acquired FoamPartner, the Swiss-based global provider of high added-value technical foams. Recticel Flexible Foams and FoamPartner merged and formed the Recticel Engineered Foams business line. 
• In February 2020, Huntsman Corporation acquired Icynene-Lapolla, a leading North American manufacturer and distributor of spray polyurethane foam (SPF) insulation systems for residential and commercial applications. The company acquired the business from an affiliate of FFL Partners, LLC, for $350 million. After the acquisition, in May 2020, Huntsman Building Solutions (HBS) was launched.