Acoustic Insulation Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Type (Mineral Wool, Glass Wool, Polymeric Foams, and Natural), End-user Industry (Residential Construction, Commercial Construction, Transportation, and Industrial), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

5.5 %

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Market Overview

The acoustic insulation market is expected to register a CAGR of over 5.5%, during the forecast period. The major factors driving the market studied include growing interest of consumers for acoustic insulation, for commercial and residential purposes. Stagnant industrial growth in the developed countries is expected to significantly hinder the growth of the market studied.

  • Asia-Pacific is expected to dominate the global market, during the forecast period.
  • Demand for aesthetic prospects and fire-resistant properties for acoustic insulation is likely to act as an opportunity, in the future.

Scope of the Report

The acoustic insulation market report includes:  

Type
Mineral Wool
Glass Wool
Polymeric Foams
Natural
End-user Industry
Residential Construction
Commercial Construction
Transportation
Industrial
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Rising Demand from the Commercial Construction

  • The commercial buildings include buildings used for offices, retail, cinema, and other leisure outlets used for conducting operations of the enterprises.
  • In commercial buildings, acoustic insulation materials find extensive application in walls, floors, ceilings, waste-water pipes, plant rooms, etc.
  • In commercial buildings, there are certain guidelines to avoid external noise intrusion, internal noise, and noise from building services. However, the type of insulation required in the building varies according to the building structure and its need. Commercial construction has been growing at a noticeable pace in Asia-Pacific and Middle East & Africa.
  • Asia-Pacific and Middle East & African countries are experiencing huge domestic as well as foreign investments for setting up industrial units, hospitals, malls, multiplexes, hospitality industry, and IT sector.
  • Asia-Pacific is an attractive market for foreign companies, due to healthy economic performance of the countries, like India, China, Indonesia, etc., and efforts made by the Middle Eastern countries to develop its tourism and other non-oil sectors, which are driving commercial construction activities in these regions.
  • The Indian government has also set an investment target of USD 120.5 billion for developing 27 industrial clusters; this is expected to boost commercial construction in the country.
  • China is witnessing the construction of numerous airports in the country, which are either under planning or development phases. In addition, Indian government has also been planning to construct 100 airports by 2032, owing to increasing demand for air commute.
  • Hence, all such commercial construction investments and projects have been driving construction activities in these countries, along with the consumption of acoustic insulation materials for application in commercial construction.

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China to Dominate the Demand in the Asia-Pacific Region

  • China is the largest economy in the entire Asia-Pacific region, in terms of GDP. The growth in the country remains high but is gradually diminishing, as the population is aging, and the economy is rebalancing from investment to consumption, manufacturing to services, and external to internal demand.
  • The first year of China’s 13th Five-year Plan (2016) was an important year for the country’s engineering, procurement, and construction (EPC) industry, as it ventured into new business models, both domestically and internationally.
  • There has been an increase in investments in the transportation sector in the recent past. China’s transport ministry and National Development and Reform Commission (NDRC) plans to invest in coming years in many key transportation projects, which include railways, highways, waterways, airports, and urban rail.
  • Automotive continues to remain the largest sector in the country and is reflecting positive signs for the near future. The large number of Tier I producers are either in the process of expanding their production or starting new production facilities in the country.
  • The production is expected to reach 30 million units by 2020, owing to the “Made in China 2025” initiative, which supports in upgrading the existing low cost mass production to higher value-added advanced manufacturing. “Automobile Mid and Long Term Development Plan” was released in the April 2017 with an objective to make China a strong auto power in next decade.
  • Furthermore, countries, such as India and Japan, have also been contributing to the growth of the market studied. This is expected to further drive the demand for acoustic insulation, over the forecast period.

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Competitive Landscape

The global acoustic insulation market is consolidated among the top 5 players. Rockwool is the largest player in the global scenario and enjoys a strong footprint in Europe, Asia-pacific, and the North American regions. The company has around 45 manufacturing facilities spread across 39 countries. Other major players in the market include Kingspan, Owens Corning, Saint-Gobain, BASF SE, Lanxess, Knauf Insulation, and Johns Manville, among others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Government Regulations for Controlling Noise Pollution

      2. 4.1.2 Growing Interest of Consumers for Acoustic Insulation for Commercial and Residential Purposes

    2. 4.2 Restraints

      1. 4.2.1 Stagnant Industrial Growth in the Developed Countries

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Mineral Wool

      2. 5.1.2 Glass Wool

      3. 5.1.3 Polymeric Foams

      4. 5.1.4 Natural

    2. 5.2 End-user Industry

      1. 5.2.1 Residential Construction

      2. 5.2.2 Commercial Construction

      3. 5.2.3 Transportation

      4. 5.2.4 Industrial

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Armacell

      2. 6.4.2 BASF SE

      3. 6.4.3 Cabot Corporation

      4. 6.4.4 Cellecta

      5. 6.4.5 CSR Building Products Ltd

      6. 6.4.6 Dynamic Composite Technologies

      7. 6.4.7 Fletcher Building Limited

      8. 6.4.8 Johns Manville

      9. 6.4.9 Kingspan Group

      10. 6.4.10 Knauf Insulation

      11. 6.4.11 LANXESS

      12. 6.4.12 L'isolante K-Flex SpA

      13. 6.4.13 Owens Corning

      14. 6.4.14 Recticel Insulation

      15. 6.4.15 Rockwool

      16. 6.4.16 Saint-Gobain

      17. 6.4.17 Siderise Group

      18. 6.4.18 Xella Group (Ursa Insulation)

      19. 6.4.19 Zeon Kasei Co Ltd​

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Demand for Aesthetic Prospects and Fire-resistant Properties for Acoustic Insulation

    2. 7.2 Increasing Usage of Stainless Steel Wool for Sound Dampening

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