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, 2021 - 2028

Report Overview

The global building acoustic insulation market size was valued at USD 4.11 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.3% from 2021 to 2028. Increasing awareness regarding noise pollution, stringent noise pollution standards, growing living standards, and energy efficiency are expected to drive the market over the forecast period. The COVID-19 pandemic across the globe has significantly impacted the supply chains as major economies across the globe suspended and delayed construction projects. Due to this, demand for acoustic insulation products had witnessed a steep decline in the residential and non-residential sectors. However, with the ease of lockdown and global trade restrictions, the market has been witnessing recovery in 2021, which is expected to restore the growth trajectory of the market.

In the U.S., stringent government regulations for reducing the adverse effects of high noise levels, along with a rising standard of living, have fueled the demand for the product in residential and commercial buildings. Moreover, factors such as the increase in disposable income and readiness to spend more on superior construction products are expected to influence the market growth positively over the forecast period.

An increasing focus on improving the public infrastructure to offer a peaceful and convenient environment in public places has led to a rise in the installation of acoustic insulation products across highways, construction sites, industries, airports, and other public buildings. Moreover, increasingly stringent energy efficiency and fire safety policies throughout the world are fueling the market growth in the residential and non-residential segment.

The market is highly consolidated with a large number of players providing the products at a very competitive price. Their expertise and pricing make it difficult for the new entrants to operate profitably in the market. As a result, the industry rivalry is expected to remain high over the forecast period. However, a lack of awareness regarding the importance of acoustics and the high capital cost of acoustic insulation are expected to restrict the growth of the companies.

Product Insights

Foamed plastic (cellular polymers) dominated the market and accounted for over 40.0% share of the global revenue in 2020. Its properties such as lightweight, vibration damping, and heat and sound absorption make it suitable for acoustic and decorative applications including interior ceilings of hotels, theatres, hospitals, and conference halls. The demand for these products is increasing due to low cost and high performance.

Stone wool (Rock /Mineral wool) is estimated to be the fastest-growing product over the forecast period on account of its efficient fire protection, excellent sound absorption, high levels of thermal insulation, bio-stability, and environment-friendly properties. It is created by spinning a molten stream of rock, steel furnace slag, and recycled materials and is widely used in residential wood and steel stud construction partitions in interior walls.

Glass wool (Fiberglass) products are made from glass that is spun into fibers and then formed into sheets using a binding agent. Thin layers are pressed together into a bigger sheet for greater strength, high tensile strength, exceptional resilience, and thermal and acoustic properties. It is most commonly known for insulation in the ceilings of residential buildings.

Application Insights

The non-residential segment led the market and accounted for over 55.0% share of the revenue in 2020. The growth can be attributed to the increasing demand for commercial and industrial infrastructure across the globe, coupled with increasing demand in the entertainment industry including music studios, corporate workplaces, cinema halls, and auditoriums. Moreover, increasing concern over employee comfort levels has triggered the demand for noise-canceling materials in commercial buildings.

Rising demand for construction projects, rising middle-class population, and increased disposable incomes are expected to drive the residential segment. Moreover, growing health awareness among the population owing to the rising prevalence of hearing impairment and heart diseases is a major factor driving the market.

Regional Insights

Asia Pacific dominated the market and accounted for over 35.0% share of the global revenue in 2020. An increasing number of infrastructure projects due to the rapid economic growth in countries such as China and India is strengthening the construction sector in the region. Moreover, governments of emerging economies are working to improve building quality through the adoption of minimum insulation requirements, which is propelling the growth of the product in the region.

Demand for building acoustic insulation products in North America is driven by the rising construction investments, 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 in the region.

The market in Central and South America is expected to witness steady growth in the years to come on account of the increasing infrastructural activities in developed economies, such as Brazil, Argentina, and Peru. However, factors such as low awareness of acoustic insulation materials in emerging economies and high capital costs of acoustic insulation in the building are limiting the market growth.

The Middle East and Africa’s primary growth in the construction sector is fueled by the massive investments done by the governments and the increased inflow of FDI. However, in many African countries, acoustic insulation is considered by consumers as only a soundproofing technique and is limited to entertainment buildings. Increased acoustic awareness would result in the market growth in these countries.

Key Companies & Market Share Insights

Key industry participants spend significantly on product innovation and customized products to meet customer needs. Prominent players have been using a variety of business strategies such as capacity building, business expansion, collaborations, mergers and acquisitions, and application development to stay competitive in the global market.

Key industry players are expected to maintain their position in the market by introducing innovative products, thereby expanding their product portfolio. The product launch with advanced features and customized product offerings is likely to strengthen the position of the industry players. Some prominent players in the global building acoustic insulation market include:

• Compagnie de Saint-Gobain S.A.

• Owens Corning

• Rockwool International

• Armacell International S.A.

• Kingspan Group plc

• Knauf Insulation

• BASF

• Johns Manville

• Fletcher Insulation

• CellectaLtd.

• International Cellulose Corporation

• Hush Acoustics

• Siderise

• L'Isolante K-Flex S.p.A.

• Arabian Fiberglass Insulation Company Ltd.

Building Acoustic Insulation Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global building acoustic insulation market report on the basis of product, application, and region:

• Product Outlook (Revenue, USD Million, 2017 - 2028)

  • Glass Wool

  • Rock Wool

  • Foamed Plastic

  • Others

• Application Outlook (Revenue, USD Million, 2017 - 2028)

  • Residential

  • Non-residential

• Regional Outlook (Revenue, USD Million, 2017 - 2028)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia

    • UAE