by The global acoustic insulation market comprises materials that are applied or installed in buildings to reduce transmission of noise. Some common acoustic insulation materials include stone wool, glass wool, plastic foams, and others. Acoustic insulation provides various advantages such as improved speech privacy, soundproofing, noise control and sound absorption. With rapid urbanization and increasing construction of commercial buildings and homes, the need for insulating buildings from external noise has risen tremendously.
The Global acoustic insulation market is estimated to be valued at US$ 16.7 Bn in 2024 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the global acoustic insulation market are 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.
The key opportunities in the global Acoustic Insulation Market Trends include rising demand from developing economies and focus on green building construction. With growing awareness, several countries in Asia Pacific and Latin America are expected to witness high demand for acoustic insulation materials in the coming years.
The growing construction industry globally is driving the expansion of the acoustic insulation market. Regions such as Europe, North America, China, and India are witnessing major investment in commercial and residential construction which is positively impacting the market. Furthermore, strict noise pollution and energy efficiency regulations across the world are compelling the use of acoustic insulation in buildings.
Market drivers
Increasing construction activities across both developed and developing regions is a key driver propelling the acoustic insulation market. Rapid urbanization, growing population, and rising disposable income are fueling residential construction in Asia Pacific and Latin America. At the same time, expansion of commercial sector through malls, offices, hotels is augmenting the demand for insulation materials to control noise pollution. This will support the market growth over the forecast period.
PEST Analysis
Political: Changes in building regulations and codes mandating minimal acoustic insulation and noise pollution standards may drive market growth. Stringent laws in EU and North America to reduce noise pollution levels are boosting demand.
Economic: Rise in construction activities across both commercial and residential applications support market growth. Cost-saving benefits of acoustic insulation materials help boost investments. Building retrofitting projects also contribute to demand.
Social: Increasing public concerns over noise pollution and need for better quality of living are key factors. Growing awareness about health issues caused by excessive noise levels enhances market scope.
Technological: Advancements in material formulations aid improved soundproofing abilities. Development of environment-friendly and recycled content insulation products open new opportunities. Integration of innovative installation techniques makes fitment easier.
The geographical regions where the global acoustic insulation market is concentrated in terms of value are North America and Europe. Stringent noise pollution norms in countries like the US, Canada, Germany, UK, and France promote high product adoption.
The Asia Pacific region is projected to be the fastest growing market for global acoustic insulation during the forecast period. This is attributed to rapid infrastructural activities and industrialization across developing economies of China, India, Indonesia and Vietnam. Growing spending power and rising standards of living also augment the regional market.
*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it.
