The global 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.
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Key Players:
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.
Growth Drivers:
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.
Government initiatives, as well
as regulation for controlling noise pollution, is also a major factor driving
the global market. EPA has come up with certain standards to monitor noise
produced in transportation and also sound seclusion of the building
environment. The countries which form the European Union also regulates the
impact, airborne and utilization of noise levels. There are also certain
regulations which are imposed to ensure seclusion from external sound.
According to Italian law no. 447
of 2/10/95 both public and private entities will be suspended if found guilty
for noise pollution. Many such laws and regulations are passed so as to control
the sound produced from Planes, Ships, and automobiles.
Product Insights
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.
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