Market Size of Acoustic Insulation Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 16.90 Billion |
Market Size (2029) | USD 22.20 Billion |
CAGR (2024 - 2029) | 5.59 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
Acoustic Insulation Market Analysis
The Acoustic Insulation Market size is estimated at USD 16.90 billion in 2024, and is expected to reach USD 22.20 billion by 2029, growing at a CAGR of 5.59% during the forecast period (2024-2029).
The COVID-19 epidemic harmed the acoustic insulation sector. Global lockdowns and severe rules enforced by governments resulted in a catastrophic setback as most production hubs were shut down. Nonetheless, the business is recovering since 2021 and is expected to rise significantly in the coming years.
- Over the short term, government regulations for controlling noise pollution and a surge in the adoption of residential applications are the major factors driving the market studied. Also, a rise in demand from emerging economies boosts market growth.
- Conversely, fluctuating raw material prices and stagnant demand from developed countries are expected to significantly hinder the studied market's growth.
- Demand for aesthetic prospects and fire-resistant acoustic insulation properties will likely be an opportunity shortly.
- Asia-Pacific is dominating the global acoustic insulation market and is expected to grow significantly during the forecast period.
Acoustic Insulation Industry Segmentation
Acoustic insulation is a lightweight bulky material that absorbs sound wave energy and reduces sound echo in homes, offices, and other buildings as it's penetrating the walls and ceilings. In cars and airplanes, it's also used to reduce engine noise going out into the passenger areas. In concert halls and auditoriums, it helps absorb sounds by reducing echo. The acoustic insulation market is segmented based on type, end-user industry, and geography. The market is segmented by type: mineral wool, glass wool, polymeric foams, and natural. The end-user industry segments the market into residential, commercial, transportation, and industrial construction. The report also covers the market size and forecasts for acoustic insulation in 15 countries across major regions. Each segment's market sizing and forecasts are based on revenue (USD).
Type | |
Mineral Wool | |
Glass Wool | |
Polymeric Foams | |
Natural |
End-user Industry | |
Residential Construction | |
Commercial Construction | |
Transportation | |
Industrial |
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Acoustic Insulation Market Size Summary
The acoustic insulation market is poised for significant growth, driven by increasing government regulations aimed at controlling noise pollution and a rising demand for residential applications. The market is recovering from the setbacks caused by the COVID-19 pandemic, which had severely impacted production due to global lockdowns. The Asia-Pacific region is a dominant force in the market, with countries like China and India leading the charge due to substantial investments in infrastructure and commercial construction. The demand for acoustic insulation is further bolstered by the expansion of commercial buildings, such as offices, retail spaces, and entertainment venues, which require effective noise control solutions. However, challenges such as fluctuating raw material prices and stagnant demand in developed countries could hinder market growth.
The market's expansion is also supported by the growing automotive and aviation sectors, particularly in China, where the production of vehicles and the demand for air travel are on the rise. This trend is expected to drive the need for acoustic insulation materials to enhance comfort and reduce noise levels. The market presents opportunities in the form of aesthetic and fire-resistant insulation properties, which are becoming increasingly important. The competitive landscape is consolidated, with major players like Kingspan Group, Owens Corning, Saint-Gobain, Rockwool A/S, and Armacell leading the market. As commercial and industrial investments continue to grow, particularly in Asia-Pacific, the demand for acoustic insulation is anticipated to increase, offering promising prospects for market participants.
Acoustic Insulation Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Government Regulations for Controlling Noise Pollution and Surge in Adoption in Residential Application
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1.1.2 Rise in Demand from Emerging Economies
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 Stagnant Demand from the Developed Countries
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1.2.2 Fluctuating Raw Material Prices
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1.2.3 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Type
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2.1.1 Mineral Wool
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2.1.2 Glass Wool
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2.1.3 Polymeric Foams
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2.1.4 Natural
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2.2 End-user Industry
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2.2.1 Residential Construction
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2.2.2 Commercial Construction
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2.2.3 Transportation
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2.2.4 Industrial
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Acoustic Insulation Market Size FAQs
How big is the Acoustic Insulation Market?
The Acoustic Insulation Market size is expected to reach USD 16.90 billion in 2024 and grow at a CAGR of 5.59% to reach USD 22.20 billion by 2029.
What is the current Acoustic Insulation Market size?
In 2024, the Acoustic Insulation Market size is expected to reach USD 16.90 billion.