Acoustic Insulation Global Market Report 2024

The acoustic insulation market size has grown strongly in recent years. It will grow from $14.58 billion in 2023 to $15.86 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth observed in the historical period can be attributed to the expansion of the construction industry, adherence to regulatory standards, urbanization trends, demand from the automotive industry, and evolving consumer preferences.

The acoustic insulation market size is expected to see strong growth in the next few years. It will grow to $21.94 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The anticipated growth in the forecast period can be attributed to smart cities initiatives, increasing concerns about energy efficiency, growth in the hospitality sector, the development of renewable energy projects, government initiatives, and the impact of the global pandemic. Key trends expected in the forecast period encompass advancements in material technologies, the adoption of sustainable insulation solutions, technological integration for smart buildings, and innovations in HVAC (heating, ventilation, and air conditioning) systems.

The heightened awareness surrounding noise pollution is a significant factor fueling the expansion of the acoustic insulation market. As per the World Health Organization (WHO), noise pollution is defined as any sound surpassing 65 decibels (dB), with harmful effects occurring above 75 decibels (dB) and pain associated with levels exceeding 120 decibels (dB). Factors contributing to noise pollution include traffic, construction sites, and rapid industrialization. With the acceleration of urbanization, a substantial portion of the population is exposed to noise pollution, prompting increased investments from both consumers and corporations in soundproofing solutions such as acoustic insulation products. These solutions play a crucial role in mitigating external noise, reducing sound transmission, and minimizing vibrations. Notably, the European Environmental Agency reports that 20% of the population resides in areas where noise levels are deemed harmful. In response to the rising challenge of noise pollution, companies are actively developing soundproofing solutions, with acoustic insulation emerging as an effective method for creating soundproof environments in buildings. Consequently, the growing awareness of noise pollution is a key driver propelling the growth of the acoustic insulation market.

The anticipated expansion of the automotive industry is poised to be a significant catalyst for the growth of the acoustic insulation market in the foreseeable future. The automotive sector encompasses diverse entities involved in the entire lifecycle of motor vehicles, from design and development to manufacturing, marketing, selling, repairing, and modification. Acoustic insulation holds a crucial role in this industry by mitigating noise levels within vehicles. This not only enhances passenger comfort but also ensures compliance with stringent noise regulations, ultimately elevating the overall driving experience and vehicle quality. As an illustration, in August 2023, data from the Board of Governors of the Federal Reserve System, a US government agency, revealed a notable increase in total vehicle production in the United States, reaching 11.77 million units in July, up from 10.91 million units in June. Consequently, the burgeoning automotive industry is a key driver propelling the growth trajectory of the acoustic insulation market.

Prominent players in the acoustic insulation market are strategically directing their efforts towards the development of innovative products, leveraging advanced technologies for enhanced efficiency in minimizing sound transmission between rooms. A noteworthy example is Armacell, a Luxembourg-based manufacturer specializing in insulation products. In June 2023, Armacell introduced ArmaComfort ABJ, an innovative multi-layer acoustic system solution meticulously designed to mitigate noise in diverse applications. This cutting-edge product is specifically crafted to tackle noise concerns in drainage pipes, providing a flexible and easily installable solution for acoustic insulation. This strategic focus on innovation underscores the commitment of key industry players to continually advance and offer solutions that effectively address the evolving needs of acoustic insulation.

Prominent players in the acoustic insulation market are intensifying their focus on the introduction of high-performance solutions such as QTech, aimed at gaining a competitive advantage in the industry. QTech stands out as a cutting-edge acoustic insulation solution, designed to effectively minimize sound transmission and enhance acoustic comfort across various applications, spanning residential, commercial, and industrial settings. As an illustration, in June 2023, Isover, a Germany-based building company, launched QTech, a novel lightweight mineral wool product tailored for medium-temperature industrial applications. QTech is available in various forms such as felt, wired mats, slabs, and boards, showcasing excellent thermal properties and a capacity to reduce heat loss. This user-friendly product is easy to handle and cut, lightweight, and flexible enough to bend around flat or slightly curved surfaces, making it an efficient solution for industrial applications. The introduction of QTech underscores the commitment of major industry players to delivering high-performance acoustic insulation solutions that cater to the diverse needs of the market and enhance their competitive position.

In July 2023, Kingspan Group PLC, an Irish building material company, successfully acquired Troldtekt A/S for an undisclosed sum. This strategic acquisition provides Kingspan with entry into Troldtekt's specialized knowledge in the realm of wood- and wool-based acoustic panels, thereby broadening Kingspan's offerings within the acoustic solutions market. Troldtekt A/S, headquartered in Denmark, specializes in manufacturing interior acoustic panels.

Major companies operating in the acoustic insulation market report are Badische Anilin- und Sodafabrik, Saint-Gobain, CertainTeed Corporation, Minnesota Mining and Manufacturing Company, Knauf Insulation, Sika AG, Owens Corning, Kingspan Group, Huntsman Corporation, Soprema, Rockwool International, Lapinus Rockwool Pvt Ltd., GAF Materials Corporation, Johns Manville, Armacell International, Fletcher Insulation, Paroc Group, Cellofoam GmbH, Aspen Aerogels Inc., Getzner Werkstoffe GmbH, Ursa Insulation S.A., Regupol Bsw GmbH, Guardian Building Products Limited, Trelleborg India Private Limited, Superglass Holdings PLC, Thermafiber Inc., Sound Seal Holdings Inc., Acoustical Surfaces Inc., TechnoNICOL Corporation, L'isolante K-Flex S.P.A, PAC International Inc., Palziv North America, Pyrotek India Private Limited, Suplet Power Co Ltd., Troldtekt A/S.

Western Europe was the largest region in the acoustic insulation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the acoustic insulation market share during the forecast period. The regions covered in the acoustic insulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the acoustic insulation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary categories of acoustic insulation products encompass mineral wool, glass wool, polymeric foams, and natural materials. Among these, mineral wool-based acoustic insulation products derive from stone, featuring a non-directional fiber orientation and higher density, enabling effective control of sound waves and vibration dampening. Widely applied in construction and pipe industries, mineral wool insulation finds extensive use due to its sound-controlling properties. Key end-user industries for acoustic insulation products include building and construction, transportation, oil and gas, energy and utilities, as well as industrial and OEM sectors.

The acoustic insulation market research report is one of a series of new reports that provides acoustic insulation market statistics, including acoustic insulation industry global market size, regional shares, competitors with acoustic insulation market shares, detailed acoustic insulation market segments, trends and opportunities, and any further data you may need to thrive in the acoustic insulation industry. This acoustic insulation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The acoustic insulation includes revenues earned by entities by fiberglass, cellulose, polyurethane, and cotton. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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