Acoustic Insulation Market Size by Trends, Segmentation, Top Key Players, Growth and Forecast To 2022-2031

Acoustic insulation materials have found wide acceptance in various industries such as building & construction, transportation, and others because of their superior acoustic and environmental resistance characteristics. On the basis of application areas, the market of acoustic insulation can be broadly segmented into building & construction, transportation, and industrial. Though building & construction is the major end-use industry of acoustic insulation materials; transportation application is an emerging market, which is driving the demand for the acoustic insulation materials at a high pace.

The World Integrated Trade Solution (WITS) of the World Bank recorded the United States to be the largest exporter of chemicals in the world, amounting for an export value of about USD 345.65 billion, followed by China with USD 158.75 billion worth of exports.

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Furthermore, there is an ever-increasing demand for chemicals that are more environment-friendly, backed with the imposition of stringent government regulations to control pollution on a global level. It is calculated that more than 3 million tons of toxic chemicals have been released by industries till date in the year 2021. On the other hand, estimations also show that every second, around 300kgs of toxic chemicals are released into water, land and air by the industrial facilities. This in turn, is projected to raise the in-flow of investments by market players for the development of new technologies to manufacture products with reduced toxicity.

The European region is the biggest market of acoustic insulation, accounting for 37.88% of the total global acoustic insulation material consumption by value in 2022. There is a lot of scope in the Asia-pacific market due to increasing manufacturing base in the region. Building & construction, and transportation industry of Asia-pacific is increasing at a sharp pace, increasing the demand for acoustic insulation materials in the regions. With the growing middle classes, their demand for comforts are increasing day by day, ultimately enhancing the demand for acoustic insulation in end-use industries.

Currently, the penetration of acoustic insulation materials is increasing in building & construction, and transportation industry. The key drivers for increasing demand of acoustic insulation materials are rising health concerns among the people, rise in demand of energy efficient buildings, and strict regulatory environment. Rising demand from developing nations is further pushing the market of acoustic insulation materials in different acoustic insulation applications. Merger & acquisitions, technological developments & innovations and expansion are identified as key strategies to expand the acoustic insulation market.

This study on acoustic insulation market estimates its global demand and market value for 2022 and projects the expected demand and market value of the same by 2031. As a part of the quantitative analysis, the study segments the global market by types and applications at country level with current market estimation and forecast till 2031. The countries covered in the report are the U.S., Canada, Mexico, Germany, Italy, France, U.K., Japan, China, India, South Korea and Brazil. The segmentation by type includes stone wool, glass wool, foamed plastics and others; while on the basis of its application, the segmentation includes building & construction, industrial, transportation and others.

As a part of qualitative analysis, the research provides report with a comprehensive review of key market drivers, restraints, opportunities, winning imperatives, and key issues in the market.

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It also includes company profiling and competitive strategies adopted by various market players including Rockwool International A/S (Denmark), Knauf Insulation (Germany), Saint-Gobain (U.S.), Owens Corning Corporation (U.S.), Johns Manville Corporation (U.S.), Armacell (Germany), BASF SE (Germany), Paroc (Finland), Fletcher Insulation (Australia), and others.

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Lauren Brown
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