Acoustic Insulation Market: Current Analysis and Forecast (2022-2030)
Emphasis on Product (Mineral Wool, Glass Wool, Polymeric Foams, and Natural); Application (Residential and Non-Residential); and Region/Country
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. Acoustic insulation, also known as sound insulation or soundproofing, refers to the techniques and materials used to reduce or control the transmission of sound from one area to another. Its purpose is to minimize the impact of unwanted noise, whether from external sources or between different spaces. The primary goal of acoustic insulation is to create a barrier that prevents sound waves from passing through or significantly reduces their intensity. Sound waves are vibrations that travel through the air or other materials in the form of pressure waves. When these waves encounter a barrier, they can be reflected, absorbed, or transmitted. 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 rapidly growing construction industry, especially in Asia-Pacific are some of the most prominent factors contributing to the growth of the market. For instance, according to the Government of India, the construction Industry in India is expected to reach USD 1.4 trillion by 2025.
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. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst product, the polymeric foams segment is expected to grow at a prominent CAGR during the forecast period”
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 construction industries. 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.
“Amongst application, the non-residential segment catered to a significant share of the market in 2021”
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.
Acoustic Insulation Market Report Coverage
Report Attribute | Details |
Base year | 2021 |
Forecast period | 2022-2030 |
Growth momentum | Accelerate at a CAGR of around 4% |
Market size 2021 | USD 11422.2 million |
Regional analysis | North America, Europe, APAC, Rest of the World |
Major contributing region | Asia-Pacific held a prominent share of the market in 2021 |
Key countries covered | U.S., Canada, Germany, U.K., France, Italy, Spain, China, India, Japan |
Companies profiled | Saint-Gobain Group; ROCKWOOL A/S; Owens Corning; Kingspan Group; Armacell; BASF SE; Knauf Insulation; Fletcher Insulation; Cellecta, Inc.; and Johns Manville |
Report Scope | Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Demand and Supply Side Analysis; Competitive Landscape; Company Profiling |
Segments Covered | By Product; By Application; By Region/Country |
“Asia-Pacific held a significant share of the global acoustic insulation market in 2021”
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.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global acoustic insulation market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Acoustic Insulation Market Analysis (2022-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global acoustic insulation market were the three major steps undertaken to create and analyze the adoption of acoustic insulations in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global acoustic insulation market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the acoustic insulation market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
after obtaining the historical market size of the acoustic insulation market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the acoustic insulation market. Further, we conducted factor analysis using dependent and independent variables such as product and application of the acoustic insulation market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the acoustic insulation market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global acoustic insulation market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the acoustic insulation market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global acoustic insulation market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global acoustic insulation market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the product and application in the global acoustic insulation market.
The main objective of the Global Acoustic Insulation Market Study
The current & future market trends of the global acoustic insulation market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the acoustic insulation market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of the product and application
- Define and analysis of the regulatory framework for the acoustic insulation industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the acoustic insulation market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the acoustic insulation market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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