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    Acoustic Insulation Market Analysis

    Acoustic Insulation Market Analysis
    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 Insights

    The Acoustic Insulation Market is likely to rebound at a significant CAGR of 5% to reach a value of US$ 13.9 Billion by 2026.

    About Acoustic Insulation

    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 Market Features

    Market Size in 2026

    USD 13.9 Billion

    Market Size in 2020

    USD XX Billion

    Market Growth (2021-26)

    5% CAGR

    Base Year of Study

    2020

    Trend Period

    2015-2019

    Forecast Period

    2021-2026

    Segments Covered

    By Material Type (Fiberglass, Mineral Wool, Plastic Foam, and Elastomeric foam), 

    By End-Use Type (Building & Construction, Transportation, and Industrial), and 

    By Region (North America, Europe, Asia-Pacific, and Rest of the World).

    Top Companies in 2021

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

    Dominant Region

    Europe is expected to remain the largest market share during the forecast period.

    Market Dynamics

    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.

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    Segment Analysis

    Material Type

    The 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.

    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.

    Regional Analysis

    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.

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    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories. 

    By Material Type

    By End-Use Type

    • Building & Construction
    • Transportation
    • Industrial

    By Region

    • North America
    • Asia-Pacific
    • Europe 
    • Rest of the World

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    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

    COVID-19 Impact

    The global acoustic insulation market has been witnessing 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.

    Critical Questions Answered in the Report

    • What are the key trends in the market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    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.

    Report – Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    14

    No. of Figures & Tables

    >150

    Company Profiles

    12

    Target Audience

    Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

    • Distributors
    • Suppliers
    • Manufacturers
    • Logistics organizations
    • Government bodies

    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 Customization

    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 expected to witness an impressive growth of 5% CAGR in the coming years.

    The acoustic insulation market has reached a landmark figure of US$ 13.9 billion in 2026.

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

    Europe is expected to remain the largest market share during the forecast period.

    Mineral wool segment is expected to remain the largest market share during the forecast period.

    By Material Type (Fiberglass, Mineral Wool, Plastic Foam, and Elastomeric foam), by End-Use Type (Building & Construction, Transportation, and Industrial), and by Region (North America, Europe, Asia-Pacific, and the Rest of the World).