Acoustic Insulation Market size is
expected to reach a value of USD 16.55 billion by 2025. Rising consumers’
awareness regarding health and noise pollution coupled with the improving
standard of living are expected to be the primary factors responsible for the
growth in the global acoustic insulation industry. Recent studies and development
in science and technology have shown, the ill effects of high levels of noise
on human health and work, the study also highlights the significance of sound
barriers.
Rising concerns regarding employee comfort levels have
propelled the use of noise cancelling materials in corporate offices as well as
commercial buildings. The increase in the standard of living of people is most
likely to drive the acoustic insulation materials demand in the residential
construction segment so as to attain a peaceful environment inside the home.
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Foamed plastics is used for the insulation as it provides
excellent noise barrier in closed space and it can be injected easily in tiny
pockets of ceiling and walls. In terms of the rate, it is high-cost material
due to which it is expected to encounter a challenge in its industry growth. In
terms of revenue formed plastic is projected to dominate the segment over the
forecast period.
Moreover, owing to the easy availability and installation of
rock wool, it is popular in the acoustic insulation market. Rock wool provides
acoustic and thermal padding as well as it is fire resistance. It is low a
low-cost material which has relatively higher demand in the developing countries
which eventually contributes to the overall growth. Rising demand from the
transportation sector is also estimated to propel the material market.
End-Use Insights
Construction and building industry is expected to witness
the highest penetration of product and is projected to dominate over the
upcoming years. Furthermore, rising demand from the industry can lead to the
substantial amount of product required to insulate the buildings.
However, considering the economic slowdown in the Europe and
U.S, construction and building segment has witnessed a significant impact which
in turn has affected the product market. In the developed region the sector is
expected to observe a challenge due to the moderate pace of new structures over
the forecast period.
Changing consumer preferences for better NVH levels along
with the huge competition between automobile industry has propelled the product
demand from the transportation industry. In developing countries, the rapid
growth of aviation, as well as automotive industries, is anticipated to boost
the acoustic insulation material demand.
Regional Insights
In the year 2015, Asia Pacific accounted for over 40% of the
global demand thus being the largest market for the product. Growing building
and construction industry, as well as the booming automobile sector in Asia
Pacific, is expected to trigger the regional growth over the forecasted period.
Acoustic insulation material has also remarkably penetrated
the European markets. The stringent regulations and strict government policies
on noise control for industrial equipment, transportation, and building
acoustic isolation have contributed for the product’s penetration in the
region. One of the restraints in the region can be the slowdown in the
construction activities over the forecast period.
Competitive Insights
Saint-Gobain, Knauf Insulation, Rockwool International A/S,
Johns Manville, Owens Corning, Armacell, Paroc, BASF SE, and others are some of
the key players in the industry. Companies have adopted strategies such as expanding
their product portfolio, increasing their geographical reach and continuous
innovations for sustaining in the market. Some of the other approaches used are
mergers and acquisitions to increase their market share and also the value
chain integration.
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Market Segment:
Acoustic Insulation
Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
• Glass wool
• Rock wool
• Foamed
Plastic
• Others
Acoustic Insulation
End-use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
• Building
& Construction
•
Residential
•
Commercial
• Industrial
•
Transportation
•
Automotive
•
Marine
•
Aerospace
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