December 11, 2024
Acoustic Insulation Market

Acoustic Insulation Market is projected to expand rapidly driven by energy efficiency

Acoustic insulation, also known as soundproofing, is a type of building material mainly used to reduce the transmission of sound from one area to another. It is installed in floors, walls, ceilings and ductwork in order to help control noise pollution. The growing awareness regarding noise pollution and energy efficiency standards implemented worldwide is driving the demand for acoustic insulation products.

The Global Acoustic Insulation Market is estimated to be valued at US$ 16.7 Bn in 2024 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Global Acoustic Insulation are Gates Industrial Corporation plc, Owens Corning, Rockwool International, Compagnie de Saint-Gobain S.A., Armacell International S.A., BASF, Kingspan Group plc, Fletcher Insulation, CellectaLtd., International Cellulose Corporation, Johns Manville, Hush Acoustics, Siderise, Arabian Fiberglass Insulation Company Ltd., L’Isolante K-Flex S.p.A., Dynamic Wool Tex, Alaska PUF Industries, Shri Radhika Nonwoven Private Limited, Insulapack, Unidus India, SOPREMA. The growing construction industry and strict government regulations pertaining to noise pollution control are fueling the demand for acoustic insulation globally. The increasing awareness among consumers regarding the importance of soundproofing is contributing to growth of acoustic insulation market. Major players are focusing on expanding their geographic presence across emerging markets to tap the vast potential for acoustic insulation.

Market key trends

The key trend driving the Acoustic Insulation Market Trends is the rising uptake of green building materials for energy efficiency. Rapid urbanization has increased noise pollution levels prompting the implementation of stricter noise control standards. Acoustic insulation helps improve indoor ambient quality and deliver sound performance. Additionally, factors such as growing passenger and commercial vehicle production is positively impacting the automotive acoustic insulation market. Innovation in material such as introduction of environment friendly insulation made from recycled material is expected to gain traction.

Porter’s Analysis

Threat of new entrants: Low capital requirements but established players have economies of scale and brand recognition.

Bargaining power of buyers: Buyers have moderate power due to availability of substitutes but quality and performance matters for insulation.

Bargaining power of suppliers: Suppliers have low to moderate power as raw materials are available but established players can source from multiple suppliers.

Threat of new substitutes: Threat of substitutes is moderate as each material has its own advantages based on properties and end use applications.

Competitive rivalry: Intense competition among established players to create brand loyalty and address requirements across applications.

Geographical Regions

Europe accounted for the highest share in terms of value in 2021 led by infrastructure development and renovation initiatives in countries like Germany, UK, France etc. Stringent regulations regarding energy efficiency further supported regional growth.

Asia Pacific is expected to witness fastest growth during forecast period due to rising construction spending in China, India along with government emphasis on green buildings. Increasing disposable income will augment demand for insulating materials across residential and commercial segments.

*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it.

Ravina
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Ravina Pandya, a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. 

Ravina Pandya

Ravina Pandya, a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. 

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