The global acoustic insulation market is expected to secure US$ 14.1 Billion in 2021 and US$ 14.6 Billion in 2022. The market is projected to garner US$ 22.9 Billion in 2032 while expanding at a CAGR of 4.6% during the forecast period. Increased affordable capabilities of the middle-class population are expected to have played a major role in driving the market in the assessment tenure.
The growing focus to develop building infrastructure to offer a convenient environment in public areas has resulted in a surged sound barrier installation across various sectors like railways, highways, airport runaways, stations, and others.
Also, increasing product launches is another salient cause driving the market. For instance, in January 2021, Armacell disclosed a strategic partnership with German TITK Group and Melamine. Armacell announced to manufacture competent insulation products with melamine resin-based nonwovens. It is flame and UV-resistant.
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In another instance, in August 2020, Armacell rolled out ArmaGel DT acoustic insulator. It gives exceptional low thermal conductivity and high acoustic performance and has lessened insulation thickness against its other insulation counterparts. With the launch of such updated and advanced products, the market is anticipated to expand in the coming time.
On the other hand, the sluggish growth of construction activities in Europe is likely to act as a significant hindrance to market growth. Also, volatility of raw materials and high demand for raw materials containing greenhouse gases are some of the other causes impeding industry growth. However, with the advent of aerogel, the market is anticipated to counter the hampering cases, aiding in market expansion.
Key Takeaways
- The global acoustic insulation market to garner US$ 14.1 Billion in 2021 and US$ 14.6 Billion in 2022.
- The global acoustic insulation market to value US$ 22.9 Billion in 2032 and record 4.6% CAGR during the forecast period
- The building and construction segment to record a 4.1% CAGR
- The foamed plastic segment to exhibit a 4.3% growth rate
- The U.S market to be valued at US$ 7.4 Billion, exhibiting 4.2% CAGR during the forecast period.
“Rapid industrialization and growing awareness towards noise pollution are expected to drive the market growth significantly. Also, with growing disposable income in developing nations, the market is likely to experience considerable expansion in the forecast period.
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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.
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 on the basis of 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)
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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
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