November 24, 2020

Acoustic Insulation Market 2020 Size, Share Metrics Industry Report Forecast by 2027

The Global Acoustic Insulation Market is projected to reach a value of USD 15,336.15 million by 2027 at a CAGR of 4.9%.

Acoustic insulation helps to isolate noise by sound reflection or sound absorption using acoustic materials such as mineral wool, glass fiber, metal, and stone wool. Increasing awareness regarding noise pollution, health awareness, and rising standard of living are some of the factors likely to have a remarkable impact on acoustic insulation industry growth. According to the World Health Organization (WHO), exposure to excessive noise is one of the causes for hearing loss. In 2017, 360 million people worldwide have disabling hearing loss, and 32 million of these are children. Moreover, the surge in the building and construction activities in Middle East & Africa and Asia-Pacific region, increasing demand from automotive industry coupled with increasing stringent regulation regarding noise pollution has expected to drive the growth of acoustic insulation market during the forecast period. However, saturated construction activities in Europe in combination with negative impact of some acoustic insulation products is expected to hamper the growth of market.

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Acoustic Insulation Market: Market Dynamics

Market Driver:

Growing Health Concern Due to Noise Pollution

  • Globally, noise pollution is one of the major concerns that creates a negative impact on millions of people every day.
  • Daily exposure to excessive higher noise may lead to high blood pressure, disturbance in the sleep cycle, hearing loss, cardiovascular diseases, and even stress
  • Noise-Induced Hearing Loss (NIHL) is one of the prominent medical condition characterized by hearing impairment involves problems with the external or middle ear occurs due to noise exposure.
  • According to the World Health Organization, occupational noise exposure is the second most common risk factor followed by workplace injuries, accounting for 22% among the total workplace-related health issues in 2018.
  • As per the Health and Safety Executive, a UK-based government agency, in the UK alone, around 21,000 workers suffered from work-related hearing problems from 2016-2017 to 2018-2019.
  • Increasing health hazards due to excessive noise, creates immense need for the acoustic insulation for improving indoor comfort of the occupant in the building, automotive vehicle, industrial plant, aircraft, marine vehicle, and railways.
  • Strict Regulatory Scenario for Reducing Elevated Noise Level
  • Growing Construction Activities in The Asia-Pacific and Middle East & Africa

Market Restraint:

  • Saturated Construction Industry in Europe
    • The construction sector plays a vital role in European countries' economies.
    • However, in recent years, the growth of construction in Europe has shown a slow and steady growth due to the tepid attitude of the European economies in construction areas
    • Slow economic growth in Italy, the Netherlands, Germany, France, and other economies having the potential of contributing to Europe’s construction industry.
    • French Builders Association (FFB) (Fédération Française du Bâtiment) stated that the construction output of France shows a decline to 2.3% due to a weaker economic environment and lower household purchasing power
    • Owing to the sluggish growth of the construction industry across European economies, the growth of acoustic insulation is expected to hamper in the forecast period
  • Negative Impact of Sound Insulation on Human Health

Acoustic Insulation Market: Key Segments

  • The Acoustic Insulation market is majorly segmented into type, and end-user.
  • On the basis of type, the market is bifurcated into mineral wool, foamed plastics, and others. Among these, the mineral wool emerged as the leading type accounted for USD 5,610.75 Million in 2019. Mineral wool is further segmented into glass wool and rock wool. The foamed plastics is classified into polyethylene, polyurethane, polystyrene and others. Among these, polyurethane is dominating foamed plastics and is anticipated to grow at the fastest CAGR of 5.3% in the forecast period.
  • On the basis of end-user, the market is classified into building & construction, industrial and transportation. The building & construction segment is further bifurcated into residential and commercial. Transportation segment can be sub-segmented into automotive, aerospace, marine and railways. Building & construction has led the end-user segment in 2019 by accounting for 57.9%. The growth of this segment is accredited to rising construction projects dedicated for residential as well as commercial spaces, drives the demand for acoustic insulation.

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Acoustic Insulation Market: Key Regions

On the basis of region, the market is divided into North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Europe dominated the regional market in 2019, owing to existing building infrastructure in combination with growing automotive and aerospace sector in the region. The Europe region accounted for 31.6% of the total market share in 2019. Asia Pacific is projected grow at the fastest growth rate due to growing construction and automotive industries in the emerging economies such as China, India, South Korea, Indonesia, Malaysia, and others.

Acoustic Insulation Market: Report Scope

The report on the Acoustic Insulation market covers a deep dive analysis of historic, recent, and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

List of the leading companies operating in the Acoustic Insulation Market include:

  • ROCKWOOL INTERNATIONAL A/S (Company Overview, Financial Overview, Product Synopsis, Key Developments, SWOT Analysis, & Key Strategy)
  • Saint-Gobain
  • Knauf Insulation
  • Johns Manville (Berkshire Hathaway Inc.)
  • Owens Corning
  • Kingspan Group
  • Armacell
  • BASF SE
  • Fletcher Insulation (Fletcher Building)
  • Cellecta
  • Other Key Companies

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Acoustic Insulation Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Acoustic Insulation Market, by Type

  • Mineral Wool
    • Glass Wool
    • Rock Wool
  • Foamed Plastics
    • Polyethylene
    • Polyurethane
    • Polystyrene
    • Others
  • Others

Acoustic Insulation Market, by End-User

  • Building & Construction
    • Residential
    • Commercial
  • Industrial
  • Transportation
    • Automotive
    • Aerospace
    • Marine
    • Railways

Acoustic Insulation Market by Region

  • Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
  • North America (US, Canada, Mexico)
  • Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
  • Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
  • South America (Brazil, Argentina, Rest of South America)

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Table of Content

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Growing Health Concern Due to Noise Pollution
      2. Growing Construction Industry
    3. Restraint
      1. Slowdown European Construction Sector
      2. Lack of Awareness in Emerging Economies
    4. Opportunities
      1. Increasing Adoption in Transportation Industry
    5. Challenges
      1. Disposal and Recycling Technique
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL ACOUSTIC INSULATION MARKET BY TYPE, Market Size in USD Million and Volume in Kiloton and Volume in Kiloton (2019-2027)
    1. Introduction
    2. Mineral Wool
      1. Glass Wool
      2. Rock Wool
    3. Foamed Plastics
      1. Polyethylene
      2. Polyurethane
      3. Polystyrene
      4. Others
    4. Others
  7. GLOBAL ACOUSTIC INSULATION MARKET BY END-USER, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. Introduction
    2. Building & Construction
      1. Residential
      2. Commercial
    3. Industrial
    4. Transportation
      1. Automotive
      2. Aerospace
      3. Marine
  8. GLOBAL ACOUSTIC INSULATION MARKET BY REGION, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  9. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  10. COMPANY PROFILES
    1. ROCKWOOL International A/S
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Saint-Gobain
    3. Knauf Insulation
    4. Johns Manville
    5. Owens Corning
    6. Paroc Group
    7. Kingspan Group
    8. Armacell
    9. BASF SE
    10. Fletcher Insulation
    11. INTERNATIONAL CELLULOSE CORPORATION
    12. Dow
    13. Huntsman International LLC
    14. Optima Contracting Ltd.
    15. KCC CORPORATION
    16. URSA
    17. 3M
    18. Cellecta
    19. Blachford
    20. Marves Industries
    21. Other Key Companies
  11. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

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