Acoustic Insulation Market: Current Analysis and Forecast (2022-2030)

Acoustic Insulation Market: Current Analysis and Forecast (2022-2030)

Acoustic insulation is a type of soundproofing that attempts to prevent sound from entering or exiting an enclosed space by creating a barrier between the interior and the exterior area. Because sound is able to travel in more than one fashion, the exact process and choice of materials used to manage sound insulation will vary. In some cases, the insulation does effectively reduce sound transmission but does not completely eliminate the transmission of sounds.

The Acoustic Insulation Market stood at 11.4 billion in 2021 and is expected to grow at a steady rate of around 4% owing to the rising health issue associated with noise pollution. Moreover, the strict noise pollution regulations and expansion of acoustic insulation in infrastructure are other factors helping the market to grow. Additionally, the noise pollution-related rules and the growing threat of urban noise pollution are some of the most prominent factors contributing to the growth of the market. For instance, in February 2022, according to the United Nations Environment Programme report, Physical and mental health detriments from urban noise pollution are one of the top emerging environmental threats.

• Based on product, the market is segmented into mineral wool, glass wool, polymeric foams, and natural. The polymeric foams segment is expected to grow at a prominent CAGR during the forecasted period owing to the high investments in the construction industry. Moreover, the growth of the segments is also being influenced by the advantages offered by polymeric foams, such as their cost-effectiveness, dust resistance, and resistance to moisture accumulation. In addition, these plastics' tough and resilient surface provides a high degree of puncture resistance, increasing demand for polymeric foams
• By application, the market is bifurcated into residential and non-residential. The non-residential segment catered to a significant share of the global acoustic insulation market in 2021 majorly due to the rapid growth of office buildings, hotels and motels, restaurants, malls, warehouses, gyms, and recreational buildings developed by general contractors and design-build companies. Additionally, non-residential applications of building acoustic insulation are likely to see an increase in demand due to the fact that acoustic insulation enhances employee performance and productivity, makes it possible for employees to communicate with one another effectively, and protects their privacy
• For a better understanding of the market adoption of the acoustic insulation industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Asia-Pacific held a significant share of the global acoustic insulation market in 2021. The increasing demand for acoustic insulation in the Asia Pacific region can be attributed to rapid urbanization, higher living standards, the growth of the construction sector, and the emphasis on sustainable development. As people recognize the importance of acoustic comfort and the need to create peaceful environments, the market for effective soundproofing solutions continues to expand, catering to the evolving needs of individuals, businesses, and regulatory bodies in the region
• Some of the major players operating in the market include Saint-Gobain Group; ROCKWOOL A/S; Owens Corning; Kingspan Group; Armacell; BASF SE; Knauf Insulation; Fletcher Insulation; Cellecta, Inc.; and Johns Manville