Building Acoustic Insulation Market Size, Share & Trends Analysis Report By Product (Glass Wool, Rock Wool, Foamed Plastic), By Application (Residential, Non-residential), By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global building acoustic insulation market size was valued at USD 4.51 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of of 5.3% from 2023 to 2030. The market growth is attributed to the rising construction activities due to rapid urbanization and industrialization. This in turn, is expected to increase the number of new projects, primarily in the residential and non-residential construction sectors. With the growing purchasing power and standard of living, the use of entertainment centers such as theaters and music studios are also on the rise. Such centers are required to maintain the perfect acoustic environment, which can be fulfilled using acoustic insulation. The foamed plastic segment accounted for the largest product segment owing to its lightweight, heat resistance, vibration & echo control, earthquake proof, and water resistance properties in the buildings. In addition, the use of foamed plastic in walls, ceilings, and doors in residential and non-residential buildings is expected to boost the demand for foamed plastic building acoustic insulation. Enhancement in industrialization and growing investments in infrastructural developments in the economy have propelled market growth in the past few years.

The U.S. dominated the market, accounting for over 75.3% of the total market share in 2022. The growth of the market in the region is attributed to the rising awareness among residents in the U.S. about the advantages of soundproofing residential buildings such as single-family homes, multi-family residential buildings, and apartments. Furthermore, increased demand from applications such as offices, schools, theaters, and cinema buildings is likely to increase the demand for the product.

For various applications such as using low-frequency absorbers for small rooms, 3D volumetric diffusers, electro-acoustically controlled acoustics, and micro-perforated acoustic panels control which absorbs frequencies in concert halls or recording studios., innovations have been developed. The emergence of these latest technologies is expected to improve the buildings and the performance of acoustic insulation.

Some of the key vendors in the market, such as Rockwool International and Johns Manville, are backward integrated and manufacture raw materials on their own. This reduces raw material volatility for manufacturers and ensures a consistent supply of goods, irrespective of changing geo-political tensions. The rise in acceptance of acoustic insulation products has encouraged companies to develop innovative products like wallboard, acoustic panels and partitions, coffered ceilings, fabric treatments, and acoustic underlayment which are compatible with the interior architecture of the buildings.

The prominent players in the global market are investing heavily in R&D and introducing new products and technologies in order to cater to varied applications. The key players operating in the market are engaged in the manufacturing and distributing of acoustic insulation available in various sizes, forms, and materials to cater to the demand from residential and non-residential construction industries. The players majorly focus on residential construction applications as the product demand is high for these applications.

Product Insights

Foamed plastic building acoustic insulation led the market and accounted for a revenue share of 43.7% in 2022. The demand for foamed plastic is likely to grow on account of the high investments in construction industries over the projected period. In addition, on account of rising disposable income of consumers and changing consumer preferences, coupled with favorable regulations pertaining to the use of sustainable building materials, is expected to drive the market during the forecast period.

The cost-effectiveness and resistance to dust and moisture accumulation offered by foamed plastics are expected to fuel their demand across the world. Their tough and resilient surface also offers these plastics a high degree of puncture resistance. Moreover, foamed plastics inhibit any potential for microbial or fungal growth in insulated areas. These characteristics are expected to drive demand for foamed plastics in acoustic insulation applications during the forecast period.

The glass wool product segment is growing at a significant CAGR of 4.9% during the forecast period 2023-2030. The demand for glass wool products is expected to grow on account of the energy-efficient thermal and acoustic insulation and safety against fire. In addition, glass wool is an excellent sound insulator. Furthermore, the usage of glass wool for constructing parts of roofs, false ceilings, or drywalls in residential buildings is expected to drive the demand for building acoustic insulation.

Rock wool product segment accounted for a market share of 16.7% in 2022 owing to rising demand for environmentally robust insulation materials in the construction industry for various applications such as roof, ceiling, floor, and internal wall insulation is expected to have a positive impact on the market during the projected period. Rock wool insulation has high density, which makes it highly resistant to the flow of air and excellent at noise reduction and sound absorption in buildings. Due to this, it is used in commercial buildings such as movie and performance theaters, clubs and pubs, conference rooms, libraries, and music studios.

Application Insights

The non-residential construction segment accounted for the largest share of 58.37% in 2022 and is expected to grow at a CAGR of 5.5% during the forecast period from 2023 to 2030. The rapid growth of office buildings, hotels and motels, restaurants, malls, warehouses, gyms, and recreational buildings developed by general contractors, design-build companies, and project managers. Acoustic insulation improves the performance and productivity of employees, enables effective communication among employees, and ensures their privacy, which is likely to boost the demand for building acoustic insulation during the projected period.

Noise control is an important aspect of modern-day businesses owing to the long-term exposure of workers to dangerous decibels. Meeting spaces in offices use acoustic insulation to maintain sonic separation during any client presentations and reduce the noise from the rest of the office to the meeting spaces. Persistent buzzing and rattling can cause major distractions to employees and hinder their productivity in office buildings. This fuels the usage of acoustic insulation in office spaces.

The residential segment is expected to grow at a CAGR of 4.9% over the forecast period. The rising awareness of residents regarding the construction of energy-efficient buildings, surging requirements of renovating existing buildings, and increasing demand for comfortable interior spaces are expected to boost the product demand.

Building acoustic insulation is used in residential construction for internal compartments, floors, partitions, and cracks. Manufacturers of insulation produce customized insulation panels for ventilation ducts, drainage systems, beams, chimneys, and pillars of the residential building. These factors are expected to further boost the market growth.

Regional Insights

Asia Pacific dominated the building acoustic insulation market with the revenue share of 36.3% in 2022 and is projected to grow at the fastest CAGR of 6.0% in terms of revenue during the forecast period 2023-2030. This growth can be attributed to the ongoing developments in terms of infrastructure and the flourishing construction industry in countries such as China, India, Japan, and South Korea. Moreover, governments are working to improve building quality through the adoption of minimum acoustic insulation requirements, which is propelling the growth of the product in the region.

North America building acoustic insulation industry is expected to grow significantly in the coming years owing to a surge in residential and non-residential construction activities. Additionally, the demand for energy-efficient buildings, and smart infrastructure. In addition, heavy industrialization, improved infrastructure, and high consumer acceptance of the product are some of the key factors driving the demand for building acoustic insulation in the region.

The well-established construction industry in Europe is expected to contribute to the demand for acoustic insulation products and solutions for buildings in the region over the forecast period. Moreover, the increasing demand for cost-effective and high-performance acoustic insulation products and solutions in residential and non-residential buildings in Europe is anticipated to lead the product growth in the region.

Central & South America market was valued at USD 140.2 million in 2022 and is expected to grow at a CAGR of 4.1% over the forecast period. Developing countries in the region, such as Brazil, Argentina, and Peru, are experiencing rapid urbanization and population growth, which is triggering construction and infrastructural development activities. The aforementioned factors are expected to boost the demand for building acoustic insulation products in the region.

Key Companies & Market Share Insights

The building acoustic insulation industry is characterized by strong competition owing to the presence of established companies. Industry participants are additionally focusing on collaborations with third-party wholesale distributors and suppliers to deliver end-to-end acoustic insulation solutions to end users. Manufacturers are engaged in partnerships for increasing their production capacities to cater to the demand from various applications. Some prominent players in the global building acoustic insulation market include:

• Saint Gobain S.A.

• Owens Corning

• Rockwool A/S

• Armacell

• Kingspan Group

• Knauf Insulation

• BASF SE

• Johns Manville

• Fletcher Insulation

• Cellecta Inc.

Building Acoustic Insulation Market Report Scope

Global Building Acoustic Insulation Market Report Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global building acoustic insulation market based on product, application, and region:

• Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Glass Wool

  • Rock Wool

  • Foamed Plastic

  • Others

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Residential

  • Non-residential

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia

    • U.A.E.