Acoustic Insulation Market Size (2024 - 2029)

The acoustic insulation market is projected to experience significant growth over the forecast period, driven by government regulations aimed at controlling noise pollution and an increase in residential applications. The market's expansion is further supported by rising demand from emerging economies, despite challenges such as fluctuating raw material prices and stagnant demand in developed regions. Opportunities are anticipated in the demand for aesthetic and fire-resistant properties of acoustic insulation. The Asia-Pacific region currently leads the market and is expected to continue its substantial growth trajectory.

Market Size of Acoustic Insulation Industry

Acoustic Insulation Market Summary
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

Acoustic Insulation Market 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
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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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.

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Acoustic Insulation Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Government Regulations for Controlling Noise Pollution and Surge in Adoption in Residential Application

      2. 1.1.2 Rise in Demand from Emerging Economies

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Stagnant Demand from the Developed Countries

      2. 1.2.2 Fluctuating Raw Material Prices

      3. 1.2.3 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Type

      1. 2.1.1 Mineral Wool

      2. 2.1.2 Glass Wool

      3. 2.1.3 Polymeric Foams

      4. 2.1.4 Natural

    2. 2.2 End-user Industry

      1. 2.2.1 Residential Construction

      2. 2.2.2 Commercial Construction

      3. 2.2.3 Transportation

      4. 2.2.4 Industrial

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Acoustic Insulation Market Size FAQs

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.

In 2024, the Acoustic Insulation Market size is expected to reach USD 16.90 billion.

Acoustic Insulation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)