Acoustic Insulation Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Type (Mineral Wool, Recycled Products, Plastic Foams, and Natural), End-user Industry (Residential Construction, Commercial Construction, Automotive, Aerospace and Defense, and Other End-user Industries), and Geography.

Market Snapshot

Acoustic Insulat
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The acoustic insulation market is expected to register a CAGR of over 5%, during the forecast period (2019-2024). 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
Recycled Products
Plastic Foams
Natural
End-user Industry
Residential Construction
Commercial Construction
Automotive
Aerospace and Defense
Other End-user Industries
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 Automotive Industry

  • The use of acoustic insulation in the automotive industry is to decrease or eliminate the effects of exterior noise caused by the vehicle, primarily the noise from the engine, exhaust, and tire.
  • Furthermore, automotive insulations have developed high-performance, lightweight acoustic and thermal solutions to reduce the overall component weight of the vehicle.
  • This, in turn, keeps the vehicle in line with the current refinement standards, while significantly reducing the weight of the insulation system as a whole.
  • This not only reduces the noise, but also provides mold, mildew, and moisture resistance, efficient assembly, and manufacturing support.
  • Plastic foams, especially polyester and polypropylene blend materials, are usually used in the insulation system of the vehicle.
  • Furthermore, the global automotive production growth is likely to propel the market for acoustic insulation from the automotive industry, over the forecast period.
Acoustic Insulat

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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.
  • The construction sector had slowed down after 2013, but is still a major contributor to the GDP of China. In 2018, China’s construction industry developed rapidly, due to the central government’s push for infrastructure investment, as a means to sustain economic growth.
  • Despite the volatile growth in the real estate sector, the significant development of rail and road infrastructure by the Chinese government, in order to withstand the growing industrial and service sectors, has resulted in a significant growth of the Chinese construction industry in the recent years. As the construction industry is dominated by state-owned enterprises, the increased government spending is boosting the industry in the country.
  • 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.
Acoustic Insulat

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Competitive Landscape

The acoustic insulation market is partially consolidated in nature. Some of the major players of the market studied include Saint-Gobain Group, BASF SE, ROCKWOOL, and Owens Corning, among others.

Major Players

  1. Saint-Gobain Group
  2. BASF SE
  3. ROCKWOOL
  4. Owens Corning

* Complete list of players covered available in the table of contents below

Acoustic Insulat

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 and Energy-efficient Buildings

      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 Porters 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 Recycled Products

      3. 5.1.3 Plastic 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 Automotive

      4. 5.2.4 Aerospace and Defense

      5. 5.2.5 Other End-user Industries

    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 Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Armacell International SA

      2. 6.4.2 BASF SE

      3. 6.4.3 Cabot Corporation

      4. 6.4.4 CSR Building Products Ltd

      5. 6.4.5 Dynamic Composite Technologies

      6. 6.4.6 Johns Manville

      7. 6.4.7 Kingspan Group

      8. 6.4.8 Knauf Insulation

      9. 6.4.9 LANXESS

      10. 6.4.10 Owens Corning

      11. 6.4.11 ROCKWOOL International AS

      12. 6.4.12 Saint-Gobain Group

      13. 6.4.13 URSA Insulation SA (Xella Group)

      14. 6.4.14 Zeon Kasei Co. Ltd

    5. *List Not Exhaustive
  7. 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

**Subject to Availability

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