Market Analysis
The acoustic insulation market is predicted to grow at a 5.6% CAGR over the forecast period (2019-2025), in accordance with the latest Market Research Future (MRFR) report. Acoustic insulation helps in isolating noise through sound absorption or sound reflection using various forms of acoustic materials including stone wool, metal, glass fiber, and mineral wool. Such insulation serves as a sound barrier and helps in keeping the noise inside that same room where the sound is coming from. As sound travels in various fashions, the selection of materials used and the exact process for managing sound insulation will differ.
Various factors are propelling the acoustic insulation market growth. These factors, in accordance with the MRFR report, include growing demand in the entertainment industry such as auditoriums, cinema halls, corporate workplaces, and music studios, and rising focus to improve the building infrastructure for offering convenient and peaceful environment in public places that has resulted in the increase in installation of sound barriers in railway stations, airport runways, construction sites, and highways. Additional factors pushing market growth include growing awareness amongst consumers regarding noise pollution, growing construction sector, increasing health awareness, and the rising standard of living.
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Market Segmentation
The MRFR report provides a complete segmental analysis of the acoustic insulation market report on the basis of application, material type, and end user.
Based on material type, the acoustic insulation market is segmented into metal, mineral wool, glass wool, stone wool, wood, glass fiber, polyethylene, and others.
Based on application, the acoustic insulation market analysis is segmented into ceilings, walls, floors, and others.
Based on end use industry, the acoustic insulation market is segmented into aerospace and defense, automobile, building and construction, and others. Of these, the building and construction segment will have the largest share in the market over the forecast period. Shifting trends towards buildings that are eco-friendly offering thermal and acoustic insulation needed in industrial, commercial, and residential applications will boost industry growth.
Regional Analysis
By region, the acoustic insulation market report covers the latest trends and growth opportunities across North America, Latin America, Europe, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the APAC region will have the largest share in the market over the forecast period. This is owing to flourishing construction and automotive industries and rapid industrialization. China, as well as India, are the key contributors in this region owing to expanding construction industry that is supported by the government.
The acoustic insulation market in Europe is predicted to have the second-largest share in the market over the forecast period. This is owing to strict government guidelines associated with noise control and isolation. Besides, the increase in the usage of acoustic materials, especially in the commercial sector, to offer comfortable and noise-free space for work is also adding to the market growth.
The acoustic insulation market in North America is predicted to have healthy growth in the market over the forecast period. This is owing to the growing construction industry and well-established defense and aerospace industry in the region. Moreover, a strong GDP is encouraging people in using acoustic insulation to keep away from long-term exposure of outdoor noise that can cause physical and mental health issues including stress, annoyance, and illness attributed, no wonder people are shifting towards healthy and comfortable lifestyles.
The acoustic insulation market in the Middle East and Africa is predicted to have a notable growth during the forecast period. This is owing to the expanding construction activities in this region.
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The acoustic insulation market in Latin America is predicted to have a slow growth over the forecast period. Chile, Brazil, and Argentina are the key contributors in this region.
Key Players
Leading players profiled in the acoustic insulation market report include Autex Group (New Zealand), Primacoustic (Canada), U.P. Twiga Fiberglass Limited (India), Fletcher Insulation (Australia), Trelleborg AB (Sweden), Recticel Insulation (Belgium), Siderise Group (UK), BASF SE (Germany), Armacell International (Germany), Kingspan Group (Ireland), Owens Corning (US), Johns Manville (US), Knauf Insulation (Germany), ROCKWOOL International A/S (Denmark), and Saint-Gobain (France). Key players are relying on various strategies for enhancing their industry shares, such as sourcing strategies, technological innovation, geographical expansion, product development, and mergers and acquisitions.
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