Overview and Scope
Acoustic insulation refers to a process in which a method of soundproofing aims to block sound from entering or leaving a closed location by putting some sort of barrier between the interior and exterior. The acoustic insulation creates a barrier between the interior and exterior areas of the wall and prevents noise from entering and exiting from the area. These insulation materials are also used as heat resistance in industries.
Sizing and Forecast
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 in the historic period can be attributed to construction industry growth, regulatory standards, urbanization, automotive industry demand, 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 growth in the forecast period can be attributed to smart cities initiatives, energy efficiency concerns, growth in hospitality sector, renewable energy projects, government initiatives, global pandemic impact. Major trends in the forecast period include advancements in material technologies, sustainable insulation solutions, technological integration for smart buildings, HVAC systems.
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Segmentation & Regional Insights
The acoustic insulation market covered in this report is segmented –
1) By Type: Mineral Wool, Glass Wool, Polymeric Foams, Natural
2) By End-User Industry: Building & Construction, Transportation, Oil & Gas, Energy & Utilities, Industrial & OEM
Top 5 Major Players:
- Badische Anilin- und Sodafabrik (BASF),
- Saint-Gobain,
- CertainTeed Corporation,
- Minnesota Mining and Manufacturing Company,
- Knauf Insulation,
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.
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Major Driver Impacting Market Growth
The increase in awareness regarding noise pollution is contributing to the growth of the acoustic insulation market. The World Health Organization (WHO) defines noise pollution as any sound that is above 65 decibels (dB). Also, noise becomes harmful as it exceeds 75 decibels (dB) and is painful above 120 decibels (dB). Major reasons for noise pollution are traffic noise, noise at construction sites, rapid industrialization, etc. Moreover, due to rapid urbanization, most of the population is exposed to noise pollution, and consumers and corporates are increasingly investing in soundproofing or acoustic insulation products to reduce the sound levels inside homes and office facilities. Acoustic insulation reduces external noise and helps in reducing sound transmission and vibration. According to the European Environmental Agency, 20% of the population lives in areas where noise levels are considered to be harmful. The rise in noise pollution forced companies to develop solutions for buildings with soundproof walls, and acoustic insulation proved a better method of soundproofing. Thus, increasing awareness of noise pollution drives the growth of the acoustic insulation market.
Key Industry Players
Major companies operating in the acoustic insulation market report are Badische Anilin- und Sodafabrik (BASF), 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
The acoustic insulation market report table of contents includes:
1. Executive Summary
2. Acoustic Insulation Market Characteristics
3. Acoustic Insulation Market Trends And Strategies
4. Acoustic Insulation Market – Macro Economic Scenario
5. Global Acoustic Insulation Market Size and Growth
…..
32. Global Acoustic Insulation Market Competitive Benchmarking
33. Global Acoustic Insulation Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Acoustic Insulation Market
35. Acoustic Insulation Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Acoustic Insulation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Acoustic Insulation Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Acoustic Insulation Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…..
Table 51: Badische Anilin- und Sodafabrik Financial Performance
Table 52: Saint-Gobain Financial Performance
Table 53: CertainTeed Corporation Financial Performance
Table 54: Minnesota Mining and Manufacturing Company Financial Performance
Table 55: Knauf Insulation Financial Performance
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