Inkwood Research estimates that the global market for acoustic insulation will grow with an anticipated CAGR of 5.81% during the forecast period, and will reach revenue of $22.87 billion by 2028. The base year considered for the market study is 2019, and the forecasted period is between 2020 & 2028. Rising noise pollution worldwide is primarily driving the overall market. The stringent regulations levied by several governments are further driving the growth for the acoustic insulation market. For instance, the European Union’s tactic towards noise pollution involves a generic framework for the documentation of noise pollution levels demanding action at EU and member state level, and also includes a series of regulations on the major sources of road, rail, and air traffic noise.
GLOBAL ACOUSTIC INSULATION MARKET FORECAST 2020-2028
Inkwood Research estimates that the global market for acoustic insulation will grow with an anticipated CAGR of 5.81% during the forecast period, and will reach revenue of $22.87 billion by 2028. The base year considered for the market study is 2019, and the forecasted period is between 2020 & 2028.
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The global acoustic insulation market growth is boosted by the following factors:
- Government regulations for curbing noise pollution
- Rising interest of consumers for residential and commercial sectors
- Growing energy efficiency
Rising noise pollution worldwide is primarily driving the overall market. The stringent regulations levied by several governments are further driving the growth for the acoustic insulation market. For instance, the European Union’s tactic towards noise pollution involves a generic framework for the documentation of noise pollution levels demanding action at EU and member state level, and also includes a series of regulations on the major sources of road, rail, and air traffic noise. Additionally, a rise in the residential and commercial industry has further proliferated the market growth.
Building and construction segment is the leading segment in terms of revenue with a market share of 52.70% in the forecast period. Acoustic insulation products for building & construction, is done to limit the noise pollution from external sources or from activities within the building. The usage of insulation material reduces the transmission of noise between adjoining rooms through improving wall structure. It is also used in the ceilings of the residential buildings to increase transmission loss for both internal and external noise sources, like traffic noise and rain. The regions like the Asia Pacific, North America, and Europe, has been witnessing strong growth, with regard to residential construction.
Furthermore, the transportation segment is anticipated to grow at a CAGR of around 6.80% during the forecast period. The manufacturing industry in aerospace exhibited a noteworthy growth in the recent past, due to the increasing demand for passenger travel backlogs. The growth is primarily due to the increase in the income levels of people. The scenario is anticipated to continue during the forecast period, thus fueling the demand for acoustic insulation materials in the transportation segment.
However, the slowdown in the industrial sector is hampering the growth of the acoustic insulation market. According to the United Nations Industrial Development Organization (UNIDO), the rate of global industrial growth slowed down, mainly as a consequence of trade and tariff barriers. The world’s industrial industry value rose by 3.6% in 2018, slightly lower than the 3.8% growth in the previous year. This slowdown is mainly credited to the ongoing trade and price barriers involving the United States and China, as well as the United States and the European Union (EU), restraining investment and the upcoming growth in the market.
The report on the global acoustic insulation market includes segmentation analysis on the basis of type and end-user.
Market by Type:
- Aerogel and Cellulose
- Glass Wool
- Foamed Plastic
- Stone Wool
- Others
Market by End-User
- Building and Construction
- Transportation
- Industrial
- Others
Geographically, the global acoustic insulation market has been segmented into four major regions, which includes:
- North America: The United States and Canada
- Europe: The United Kingdom, France, Germany, Italy, Russia, Belgium, Poland, and the Rest of Europe
- Asia-Pacific: Indonesia, Vietnam, China, Japan, India, South Korea, Thailand, Australia & New Zealand, and the Rest of Asia Pacific
- Rest of World: Latin America, the Middle East & Africa
In 2019, Europe captured the largest market share of 34.34% in terms of revenue. The construction of new buildings and the renovation of existing buildings is driving the growth of the market. Furthermore, key players in the market are now focusing on the Asian region to enhance their market share. In addition, European regulations related to low noise and energy targets for 2020 and 2050 are propelling the demand for insulation solutions in Europe.
The Asia Pacific market region accounts for the fastest-growing region with a CAGR of 8.35% in the forecast period. The construction sector in India has recorded rapid growth as a result of increased investment by the government. The Indian government’s ‘Housing for All by 2022’ is also a major game-changer for the construction industry, which can impact the market demand.
The global acoustic insulation market has a number of players, and some of the renowned players include:
- Armacell LLC
- BASF SE
- Cabot Corporation
- Lanxness AG
- Others
In April 2019, Armacell and Thermaflex signed an agreement to serve the market in Russia. Thermaflex will function as the supplier for Armacell in the Russian Federation. The agreement may run for five years with numerous extension possibilities.
Key findings of the global acoustic insulation market:
- Europe leads the global acoustic insulation market by capturing the largest market share of around 34.34% in 2019.
- Asia Pacific acoustic insulation market is anticipated to grow at the highest CAGR of 8.35% during the forecast period of 2020-2028.
- The rising demand for insulation materials in the transportation sector is driving the market.
- The transportation segment is projected to grow with a CAGR of 6.80% during the forecasted period.
- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- MARKET DEFINITION
- KEY DRIVERS
- GOVERNMENT REGULATIONS FOR CURBING NOISE POLLUTION
- RISING INTEREST OF CONSUMERS FOR RESIDENTIAL AND COMMERCIAL SECTORS
- RISE IN ENERGY EFFICIENCY
- KEY RESTRAINTS
- SLOWDOWN OF INDUSTRIAL GROWTH IN DEVELOPED COUNTRIES
- DECLINE IN AUTOMOTIVE INDUSTRY
- MAINTAINING IDEAL WEIGHT FOR INSULATING MATERIAL
- KEY ANALYTICS
- KEY INVESTMENT INSIGHTS
- PORTER’S FIVE FORCE ANALYSIS
- BUYER POWER
- SUPPLIER POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- MARKET BY TYPE
- STONE WOOL
- GLASS WOOL
- FOAMED PLASTIC
- AEROGEL AND CELLULOSE
- OTHER TYPES
- MARKET BY END USER
- BUILDING AND CONSTRUCTION
- TRANSPORTATION
- INDUSTRIAL
- OTHER END USERS
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- UNITED STATES
- CANADA
- EUROPE
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- RUSSIA
- BELGIUM
- POLAND
- REST OF EUROPE
- ASIA PACIFIC
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- VIETNAM
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA PACIFIC
- REST OF WORLD
- LATIN AMERICA
- MIDDLE EAST & AFRICA
- NORTH AMERICA
- COMPANY PROFILES
- ARMACELL LLC
- BASF SE
- CABOT CORPORATION
- JOHNS MANVILLE CORPORATION
- LANXNESS AG
- OWENS CORNING
- SAINT-GOBAIN CORPORATION
- CELLECTA
- CSR BUILDING PRODUCTS LTD.
- DYNAMIC COMPOSITE TECHNOLOGIES
- FLETCHER BUILDING LTD.
- KINGSPAN GROUP LTD.
- KNAUF INSUALTION
- ROCKWOOL INTERNATIONAL A/S
- L’ISOLANTE K-FLEX SPA
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – ACOUSTIC INSULATION
TABLE 2: GLOBAL ACOUSTIC INSULATION MARKET, BY TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 3: GLOBAL ACOUSTIC INSULATION MARKET, BY TYPE, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 4: GLOBAL STONE WOOL MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 5: GLOBAL STONE WOOL MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 6: GLOBAL GLASS WOOL MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 7: GLOBAL GLASS WOOL MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 8: GLOBAL FOAMED PLASTIC MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 9: GLOBAL FOAMED PLASTIC MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 10: GLOBAL AEROGEL AND CELLULOSE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 11: GLOBAL AEROGEL AND CELLULOSE MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 12: GLOBAL OTHER TYPES MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 13: GLOBAL OTHER TYPES MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 14: GLOBAL ACOUSTIC INSULATION MARKET, BY END USER, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 15: GLOBAL ACOUSTIC INSULATION MARKET, BY END USER, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 16: GLOBAL BUILDING AND CONSTRUCTION MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 17: GLOBAL BUILDING AND CONSTRUCTION MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 18: GLOBAL TRANSPORTATION MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 19: GLOBAL TRANSPORTATION MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 20: GLOBAL INDUSTRIAL MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 21: GLOBAL INDUSTRIAL MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 22: GLOBAL OTHER END USERS, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 23: GLOBAL OTHER END USERS MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 24: GLOBAL ACOUSTIC INSULATION MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 25: GLOBAL ACOUSTIC INSULATION MARKET, BY GEOGRAPHY, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 26: NORTH AMERICA ACOUSTIC INSULATION MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 27: NORTH AMERICA ACOUSTIC INSULATION MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 28: EUROPE ACOUSTIC INSULATION MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 29: EUROPE ACOUSTIC INSULATION MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 30: ASIA PACIFIC ACOUSTIC INSULATION MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 31: ASIA PACIFIC ACOUSTIC INSULATION MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)
TABLE 32: REST OF WORLD ACOUSTIC INSULATION MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)
TABLE 33: REST OF WORLD ACOUSTIC INSULATION MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)
LIST OF FIGURES
FIGURE 1: KEY INVESTMENT INSIGHTS
FIGURE 2: PORTER’S FIVE FORCE ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: GLOBAL ACOUSTIC INSULATION MARKET, GROWTH POTENTIAL, BY TYPE, IN 2019
FIGURE 6: GLOBAL ACOUSTIC INSULATION MARKET, STONE WOOL, 2020-2028 (IN $ MILLION)
FIGURE 7: GLOBAL ACOUSTIC INSULATION MARKET, GLASS WOOL, 2020-2028 (IN $ MILLION)
FIGURE 8: GLOBAL ACOUSTIC INSULATION MARKET, FOAMED PLASTIC, 2020-2028 (IN $ MILLION)
FIGURE 9: GLOBAL ACOUSTIC INSULATION MARKET, AEROGEL AND CELLULOSE, 2020-2028 (IN $ MILLION)
FIGURE 10: GLOBAL ACOUSTIC INSULATION MARKET, OTHER TYPES, 2020-2028 (IN $ MILLION)
FIGURE 11: GLOBAL ACOUSTIC INSULATION MARKET, GROWTH POTENTIAL, BY END USER, IN 2019
FIGURE 12: GLOBAL ACOUSTIC INSULATION MARKET, BUILDING AND CONSTRUCTION, 2020-2028 (IN $ MILLION)
FIGURE 13: GLOBAL ACOUSTIC INSULATION MARKET, BY TRANSPORTATION, 2020-2028 (IN $ MILLION)
FIGURE 14: GLOBAL ACOUSTIC INSULATION MARKET, BY INDUSTRIAL, 2020-2028 (IN $ MILLION)
FIGURE 15: GLOBAL ACOUSTIC INSULATION MARKET, BY OTHER END USERS, 2020-2028 (IN $ MILLION)
FIGURE 16: NORTH AMERICA ACOUSTIC INSULATION MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 17: UNITED STATES ACOUSTIC INSULATION MARKET, 2020-2028 (IN $ MILLION)
FIGURE 18: CANADA ACOUSTIC INSULATION MARKET, 2020-2028 (IN $ MILLION)
FIGURE 19: EUROPE ACOUSTIC INSULATION MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 20: UNITED KINGDOM ACOUSTIC INSULATION MARKET, 2020-2028 (IN $ MILLION)
FIGURE 21: GERMANY ACOUSTIC INSULATION MARKET, 2020-2028 (IN $ MILLION)
FIGURE 22: FRANCE ACOUSTIC INSULATION MARKET, 2020-2028 (IN $ MILLION)
FIGURE 23: ITALY ACOUSTIC INSULATION MARKET, 2020-2028 (IN $ MILLION)
FIGURE 24: RUSSIA ACOUSTIC INSULATION MARKET, 2020-2028 (IN $ MILLION)
FIGURE 25: BELGIUM ACOUSTIC INSULATION MARKET, 2020-2028 (IN $ MILLION)
FIGURE 26: POLAND ACOUSTIC INSULATION MARKET, 2020-2028 (IN $ MILLION)
FIGURE 27: REST OF EUROPE ACOUSTIC INSULATION MARKET, 2020-2028 (IN $ MILLION)
FIGURE 28: ASIA PACIFIC ACOUSTIC INSULATION MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 29: CHINA ACOUSTIC INSULATION MARKET, 2020-2028 (IN $ MILLION)
FIGURE 30: JAPAN ACOUSTIC INSULATION MARKET, 2020-2028 (IN $ MILLION)
FIGURE 31: INDIA ACOUSTIC INSULATION MARKET, 2020-2028 (IN $ MILLION)
FIGURE 32: SOUTH KOREA ACOUSTIC INSULATION MARKET, 2020-2028 (IN $ MILLION)
FIGURE 33: INDONESIA ACOUSTIC INSULATION MARKET, 2020-2028 (IN $ MILLION)
FIGURE 34: THAILAND ACOUSTIC INSULATION MARKET, 2020-2028 (IN $ MILLION)
FIGURE 35: VIETNAM ACOUSTIC INSULATION MARKET, 2020-2028 (IN $ MILLION)
FIGURE 36: AUSTRALIA & NEW ZEALAND ACOUSTIC INSULATION MARKET, 2020-2028 (IN $ MILLION)
FIGURE 37: REST OF ASIA PACIFIC ACOUSTIC INSULATION MARKET, 2020-2028 (IN $ MILLION)
FIGURE 38: REST OF WORLD ACOUSTIC INSULATION MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)
FIGURE 39: LATIN AMERICA ACOUSTIC INSULATION MARKET, 2020-2028 (IN $ MILLION)
FIGURE 40: MIDDLE EAST & AFRICA ACOUSTIC INSULATION MARKET, 2020-2028 (IN $ MILLION)
- MARKET BY TYPE
- STONE WOOL
- GLASS WOOL
- FOAMED PLASTIC
- AEROGEL AND CELLULOSE
- OTHER TYPES
- MARKET BY END USER
- BUILDING AND CONSTRUCTION
- TRANSPORTATION
- INDUSTRIAL
- OTHER END USERS
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- UNITED STATES
- CANADA
- EUROPE
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- RUSSIA
- BELGIUM
- POLAND
- REST OF EUROPE
- ASIA PACIFIC
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- VIETNAM
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA PACIFIC
- REST OF WORLD
- LATIN AMERICA
- MIDDLE EAST & AFRICA
- NORTH AMERICA
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