Global Acoustic Insulation Market Size, Share, and COVID-19 Impact Analysis, By Type (Mineral Wool, Foamed Plastic, Elastomeric Foam, Others), By End-use Industry (Building & Construction, Transportation, Oil & Gas and Petrochemical, Energy & Utilities, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

Industry: Healthcare

RELEASE DATE Mar 2024
REPORT ID SI4080
PAGES 200
REPORT FORMAT PathSoft

Global Acoustic Insulation Market Insights Forecasts to 2033

  • The Global Acoustic Insulation Market Size was Valued at USD 14.8 Billion in 2023
  • The Market Size is Growing at a CAGR of 4.6% from 2023 to 2033
  • The Worldwide Acoustic Insulation Market Size is Expected to Reach USD 23.2 Billion by 2033
  • North America is expected to Grow the fastest during the forecast period

 

Global Acoustic Insulation Market

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The Global Acoustic Insulation Market Size is Anticipated to Exceed USD 23.2 Billion by 2033, Growing at a CAGR of 4.6% from 2023 to 2033.

 

Market Overview

Acoustic insulation, also known as soundproofing insulation, refers to the ability of an insulation material to reduce sound pressure in relation to a specific sound source and receptor. Acoustic insulation is used to reflect or absorb sounds to provide acoustic comfort and is the most cost-effective way to improve energy efficiency. It primarily reduces noise pollution and creates a safer working environment in areas where noise can cause severe hearing damage. Plastic foam is the most popular material in the market. It has excellent sound absorption and vibration dampening qualities, which contribute to increased comfort and safety. Acoustic insulation from these materials can reduce noise by up to 50% when compared to traditional materials like bitumen sheets or fiber belts. Stone wool is expected to be the fastest growing material type due to its high efficiency, excellent thermal insulation, ease of installation, and superior fire resistance.

 

Report Coverage

This research report categorizes the market for the global acoustic insulation market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global acoustic insulation market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global acoustic insulation market.

 

Global Acoustic Insulation Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 14.8 Billion
Forecast Period:2023 - 2033
Forecast Period CAGR 2023 - 2033 :4.6%
2033 Value Projection:USD 23.2 Billion
Historical Data for:2019 - 2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Type, By End-use Industry, By Region.
Companies covered:: Gates Industrial Corporation plc, Owens Corning, Rockwool International, Compagnie de Saint-Gobain S.A., Armacell International S.A., BASF, Kingspan Group plc, Fletcher Insulation, CellectaLtd., International Cellulose Corporation, Johns Manville, Hush Acoustics, Siderise, Arabian Fiberglass Insulation Company Ltd., L'Isolante K-Flex S.p.A., Dynamic Wool Tex, Alaska PUF Industries, Shri Radhika Nonwoven Private Limited, Insulapack, Unidus India, SOPREMA, and Others
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

Global acoustic insulation market is driven by the growing health issues of noise pollution. People have been affected by noise pollution since the late 18th century, when industrialization began. Long-term noise exposure has been shown to cause a variety of health effects, including sleep disturbance, hearing loss, annoyance, stress, negative effects on the cardiovascular and metabolic systems, and cognitive impairment in children. According to the European Environment Agency (EEA), approximately 20% of Europe's population is subjected to hazardous and unhealthy long-term noise levels. In addition, approximately 22 million people suffer from chronic high annoyance, while 6.5 million suffer from severe sleep disturbance. As a result, various industry players have increased their use of acoustic insulation materials such as glass wool, stone wool, and foamed plastics to reduce the negative effects of noise pollution on workers. Furthermore, regulatory norms aimed at reducing noise pollution boost demand for acoustic insulation materials in major regions, which is expected to grow globally during the forecast period.

 

Restraining Factors

Fluctuations in raw material prices for plastic foams are a major impediment to the growth of the acoustic insulation market. Plastic foams, such as polyurethane and polystyrene foams, are petroleum-based products. Thus, fluctuations in crude oil pricing and availability are major constraints on its production and future use. The volatility in supply and demand for crude oil impedes the production of these materials, which in turn impedes demand for end products.

 

Market Segmentation

The global acoustic insulation market share is classified into type and end-use industry.

 

  • The foamed plastic segment is expected to hold the largest revenue share of the global acoustic insulation market over the forecast period.   

Based on the type, the global acoustic insulation market is categorized into mineral wool, foamed plastic, elastomeric foam, and others. Among these, the foamed plastic segment is dominating the market with the largest revenue share of the global acoustic insulation market over the forecast period, owing to its effective sound absorption capabilities. Foamed plastics, like expanded polystyrene (EPS) and extruded polystyrene (XPS), have a porous, cellular structure that allows sound waves to penetrate the material. The tiny air pockets inside trap and dampen vibrations, reducing sound reflection. This makes foamed plastics excellent at preventing noise transmission through walls, ceilings, and other building components. Foamed plastics are also lighter and easier to install than other types of acoustic insulation, such as mineral wool or fiberglass. Contractors can quickly install foamed plastic panels with little physical effort. The lightweight design also reduces structural loading during installation. Foamed plastics allow for thinner, more space-efficient insulation layers while maintaining acoustic performance.

 

  • The transportation segment is witnessing significant CAGR growth of the global acoustic insulation market over the forecast period.   

Based on the end-use industry, the global acoustic insulation market is categorized into building & construction, transportation, oil & gas and petrochemical, energy & utilities, and others. Among these, the transportation segment is witnessing significant CAGR growth of the global acoustic insulation market over the forecast period. Road, aircraft, train, and construction equipment noise have negative health and environmental consequences that are actively regulated. Superior acoustic insulation is also a key product differentiator for automakers and OEMs, attracting brand loyalists. To achieve sufficient noise reduction to comply with airport and residential noise abatement regulations, massive acoustic insulation installation is required, which increases material requirements. Similarly, high-speed bullet trains cause disruptions that must be mitigated to avoid disturbing populations near railway lines. As urban transit networks expand to less densely populated outskirts, meeting more stringent railway noise standards becomes critical. Electric vehicles pose new acoustic insulation challenges when compared to internal combustion engines. The smooth, vibration-free operation of electric powertrains allows for increased cabin noise intrusion, which must be addressed.

 

Regional Segment Analysis of the Global Acoustic Insulation Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Asia Pacific is anticipated to hold the largest share of the global acoustic insulation market over the predicted timeframe.

 

Global Acoustic Insulation Market

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Asia Pacific is projected to hold the largest share of the global acoustic insulation market over the forecast period. Growth in Asia Pacific is primarily due to the rapid expansion of economies such as China, India, and Indonesia. The region has become a desirable location for the chemical and petrochemical, power, oil and gas, and cement industries. The region's high growth rate is primarily due to its growing population, increased consumer spending, and rapid industrial expansion. Rapid urbanization and rising disposable income are the primary factors driving demand for acoustic insulation in India. Manufacturers focus on the fast-growing Indian market to gain market share and increase profitability.

 

The North America market is expected to grow at the fastest CAGR growth during the forecast period. The growth can be attributed to the rise in acoustic insulation infrastructure investments, the rising demand among individuals for indoor acoustic insulation, and increased expenditure on leisure activities and automobiles in North American region.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global acoustic insulation market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Gates Industrial Corporation plc
  • Owens Corning
  • Rockwool International
  • Compagnie de Saint-Gobain S.A.
  • Armacell International S.A.
  • BASF
  • Kingspan Group plc
  • Fletcher Insulation
  • CellectaLtd.
  • International Cellulose Corporation
  • Johns Manville
  • Hush Acoustics
  • Siderise
  • Arabian Fiberglass Insulation Company Ltd.
  • L'Isolante K-Flex S.p.A.
  • Dynamic Wool Tex
  • Alaska PUF Industries
  • Shri Radhika Nonwoven Private Limited
  • Insulapack
  • Unidus India
  • SOPREMA
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In September 2022, Toray Textiles Central Europe (TTCE) and Toray Advanced Materials Korea (TAK) have opened a new factory in the Czech Republic to expand Europe's Airlite automobile interior sound insulation business. This material enhances passenger comfort by reducing noise from the engine, vibrations, and other vehicles. This new factory, located at TTCE's current location in Prostjov, will begin operations in October 2022 and have an annual production capacity of 1,200 metric tons.

 

  • In January 2020, Saint-Gobain obtained Sonex, known for producing and delivering acoustic ceiling systems and situated in Brazil. The acquisition is likely to expand the group’s position in Brazil.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global acoustic insulation market based on the below-mentioned segments: 

 

Global Acoustic Insulation Market, By Type

  • Mineral Wool
  • Foamed Plastic
  • Elastomeric Foam
  • Others

 

Global Acoustic Insulation Market, By End-use Industry

  • Building & Construction
  • Transportation
  • Oil & Gas and Petrochemical
  • Energy & Utilities
  • Others

 

Global Acoustic Insulation Market, By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions (FAQ)

  • 1. What is the CAGR of the global acoustic insulation market over the forecast period?
    The global acoustic insulation market is projected to expand at a CAGR of 4.6% during the forecast period.
  • 2. What is the projected market size & growth rate of the global acoustic insulation market?
    The global acoustic insulation market was valued at USD 14.8 Billion in 2023 and is projected to reach USD 23.2 Billion by 2033, growing at a CAGR of 4.6% from 2023 to 2033.
  • 3. Which region is expected to hold the highest share in the global acoustic insulation market?
    The Asia Pacific region is expected to hold the highest share of the global acoustic insulation market.

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