The market for acoustic insulation on a global scale is predicted to generate $14.1 billion in 2021 and $14.6 billion in 2022. The market is anticipated to grow at a CAGR of 4.6% over the forecast period, reaching US$ 22.9 billion in 2032. Increased middle-class affordability is anticipated to have been a major factor in propelling the market during the evaluation period.
The installation of sound barriers has increased dramatically in a variety of sectors, including trains, highways, airport runaways, stations, and others, as a result of an increasing focus on developing building infrastructure to provide a comfortable environment in public areas.
Another significant factor influencing the market is the rise in product releases. For instance, Armacell declared a strategic alliance with the German TITK Group and Melamine in January 2021. Armacell said that it would use nonwovens made of melamine resin to produce effective insulating solutions. It is UV and flame resistant.
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Armacell released the ArmaGel DT acoustic insulator in August 2020, as another example. It has decreased insulation thickness compared to its other insulation competitors while yet providing remarkably low heat conductivity and high acoustic performance. The market is expected to grow shortly as a result of the introduction of such updated and sophisticated products.
On the other hand, market expansion is projected to be significantly hampered by Europe’s slow expansion of construction activities. Other factors limiting industrial expansion include raw material instability and increasing demand for raw materials containing greenhouse emissions. However, the market is projected to overcome the limiting circumstances with the introduction of aerogel, assisting in market expansion.
Key Takeaways
- The global acoustic insulation market is to garner US$ 14.1 Billion in 2021 and US$ 14.6 Billion in 2022.
- The global acoustic insulation market is to value US$ 22.9 Billion in 2032 and record a 4.6% CAGR during the forecast period
- The building and construction segment recorded a 4.1% CAGR
- The foamed plastic segment exhibits a 4.3% growth rate
- The U.S. market is to be valued at US$ 7.4 Billion, exhibiting a 4.2% CAGR during the forecast period.
Competitive Landscape
Key players in the global acoustic insulation market include Saint-Gobain, Knauf Insulation, Soprema, Armacell International, and Rockwool International A/S, among others. Recent developments among players include:
- In January 2020, Saint-Gobain acquired Sonex in Brazil, a company renowned for manufacturing and supplying acoustic ceiling systems, marketed in particular under the Nexacustic, Sonex, and Fiberwood brands. The initiative is expected to expand the group’s position in Brazil.
- In August 2020, Armacell rolled out ArmaGel DT. ArmaGel product offers good thermal and acoustic solutions to customers globally with fine quality.
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More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global acoustic insulation market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights based on type (glass wool, rock wool, foamed plastic, elastomeric foam) and end-use industry (building and construction, transportation, oil & gas, and petrochemical, energy & utilities, industrial & OEM) across five major regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa)
Key Segments Covered in the Acoustic Insulation Market Survey
Acoustic Insulation by Type:
- Glass Wool Acoustic Insulation
- Rock Wool Acoustic Insulation
- Foamed Plastic Acoustic Insulation
- Elastomeric Foam Acoustic Insulation
Acoustic Insulation by End-Use Industry:
- Acoustic Insulation for Building and Construction
- Acoustic Insulation for Transportation
- Acoustic Insulation for Oil & Gas and Petrochemicals
- Acoustic Insulation for Energy & Utilities
- Acoustic Insulation for Industrial & OEM
Acoustic Insulation by Region:
- North America Acoustic Insulation Market
- Europe Acoustic Insulation Market
- Asia-Pacific Acoustic Insulation Market
- Middle East & Africa Acoustic Insulation Market
- Latin America Acoustic Insulation Market
Table of Content
1. Executive Summary | Acoustic Insulation Market
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. FMI Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.
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