Global Building Acoustic Insulation Market By Product (Glass Wool, Rock Wool, Foamed Plastic, Others), By Application (Residential and Non-residential), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032

Building Acoustic Insulation Materials Market Overview:

The global market for building acoustic insulation was valued at USD 4,348 million in 2021. It is projected to grow at a CAGR of 5.8% between 2023 and 2032.

The market is expected to grow due to increasing awareness about noise pollution, rising living standards, and increased energy efficiency. Supply chains have been severely affected by the COVID-19 pandemic in major countries. Major economies around the world stopped or delayed construction projects. This led to a sharp decline in demand for acoustic insulation products in both residential and commercial sectors. The market is experiencing a recovery due to global trade restrictions and lockdown, and this will likely lead to a return of growth.

Global Building Acoustic Insulation Market Scope:

Product Analysis

Foamed plastic (cellular polymers) was the dominant market, accounting for 41% of global revenue in 2021. Because of its lightweight, vibration damping, heat, and sound absorption, as well as being light, it is suitable for decorative and acoustic applications, including inside ceilings in hotels, theatres, and hospitals. These products are in high demand due to their low cost and excellent performance. Stone wool (Rock/Mineral wool), is expected to be the fastest growing product in the future due to its high fire protection, sound absorption, thermal insulation, eco-stability, and environmental-friendly properties. It is made by spinning molten streams of rock, steel furnace waste, and other recycled materials. It is used extensively in interior wood walls and steel stud partitions. Glass wool ( Fibreglass) is made from glass which has been spun into fibers, then rolled into sheets with a binding agent. For greater strength, high resilience, and thermal and acoustic properties, thin layers of glass wool are combined to form a larger sheet. It is used most often to insulate ceilings in residential buildings.

Application Analysis

Non-residential dominated the market, accounting for more than 57.0% of the total revenue in 2021. This growth is due to increasing demand for industrial and commercial infrastructure around the world, as well as increasing demand from the entertainment industry, including music studios and corporate workplaces, auditoriums, and cinema halls. Growing concern about employee comfort has led to a demand for noise-canceling materials in commercial buildings. The residential market is expected to grow due to rising demand for construction projects and a growing middle-class population. The market is also driven by a growing awareness of health issues such as hearing impairments and heart disease.

Key Market Segments:

By Product

• Glass Wool
• Rock Wool
• Foamed Plastic
• Others

By Application

• Residential
• Non-residential

Market Dynamics:

A growing focus on improving public infrastructure has resulted in greater use of acoustic insulation products in highways, construction sites, and industries. The market for residential and non-residential insulation products is growing due to stricter fire safety and energy efficiency policies around the globe. With a lot of players offering products at very competitive prices, the market is well-consolidated. It is difficult for new players to make a profit in this market due to their pricing and expertise. The industry competition is expected to continue high for the forecast period. The industry’s growth will be impeded by a lack of awareness about the importance of acoustics as well as the high capital costs of acoustic insulation.

Regional Analysis:

In 2021, Asia Pacific accounted for 37.5 % of the global revenue, making it the largest market. There are more and more infrastructure projects in the area as a result of the fast economic growth in China and India. As a result, the region’s building industry is growing. The government initiatives in emerging nations to raise building quality and enact minimal insulation standards are also contributing to the region’s prosperity. Building acoustic insulation is in high demand in North America due to increased construction expenditure, the need for energy-efficient structures, and smart infrastructure. Heavy industrialization, improved infrastructure, and strong consumer acceptance are additional regional major drivers.

Due to the growing infrastructural activity in developed countries like Brazil, Argentina, and Peru, the market in Central America and South America will see steady growth over the next few years. The market is being held back by factors like low awareness in emerging economies about acoustic insulation and high capital costs for acoustic insulation.

The massive investment made by governments and increased FDI is the main drivers of Africa and the Middle East’s growth in construction. Acoustic insulation in Africa is not considered a soundproofing technique and is only used for entertainment buildings. These countries would benefit from an increase in acoustic awareness.

Key Regions and Countries covered in the report:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Industry leaders spend significant amounts on product innovation and custom products that meet customer needs. To stay competitive in the global market, prominent players use a range of business strategies, including collaborations, expansions, mergers, and acquisitions, as well as business strategy development. Industry leaders are expected to keep their market position by introducing new products and expanding their product range. Industry players will likely be strengthened by product launches with innovative features and tailored product offerings.

Market Key Players:

• Compagnie de Saint-Gobain S.A.
• Owens Corning
• Rockwool International
• Armacell International S.A.
• Kingspan Group plc
• Knauf Insulation
• BASF
• Johns Manville
• Other Key Players

For the Building Acoustic Insulation Materials Market research study, the following years have been considered to estimate the market size: