Global Acoustic Insulation Market will grow at highest pace owing to rising demand from construction industry


Posted June 6, 2024 by vaishnavicmi

Rising material costs and shortage of raw materials are negatively impacting market growth. Furthermore, changes in consumer spending patterns during
 
Acoustic insulation refers to materials which are used to reduce the transmission of sound from one place to another. It is generally installed in buildings to reduce the noise level within. Some commonly used acoustic insulation materials include fiberglass, mineral wool, cotton wool, polyester and recycled materials such as denim. Acoustic insulation works by trapping and absorbing the vibration and echoes of sound before it can travel through. It provides an effective sound barrier and maintains a peaceful environment inside buildings. With growing urbanization and increasing construction activities globally, there is a rising demand for acoustic insulation in commercial and residential buildings to achieve noise regulation standards.

The Global acoustic insulation market is estimated to be valued at US$ 16.7 Bn in 2024 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the Global Acoustic Insulation market are Gates Industrial Corporation plc, Owens Corning, Rockwool International, Compagnie de Saint-Gobain S.A., Armacell International S.A., BASF, Kingspan Group plc, Fletcher Insulation, CellectaLtd., International Cellulose Corporation, Johns Manville, Hush Acoustics, Siderise, Arabian Fiberglass Insulation Company Ltd., L'Isolante K-Flex S.p.A., Dynamic Wool Tex, Alaska PUF Industries, Shri Radhika Nonwoven Private Limited, Insulapack, Unidus India, SOPREMA. Demand for acoustic insulation is growing across industrial, commercial and residential construction sectors due to rising awareness about noise reduction and mandated noise pollution laws. Technological advancements are allowing manufacturers to develop novel acoustic insulation materials and solutions with improved sound absorption properties for various applications.

Market Trends

Development of eco-friendly and sustainable acoustic insulation materials - With growing environmental concerns, manufacturers are focusing on developing eco-friendly Acoustic Insulation Market Trends solutions made from recycled, bio-based materials to reduce environmental footprint.

Integration of acoustic insulation in building design stage - Earlier acoustic insulation was often added as an afterthought during construction. However, industry is now recognizing the importance of considering acoustic requirements during the initial building design stage for better insulation performance.

Market Opportunities

Rising infrastructure development spending in emerging nations - Countries like India, China, Indonesia, Brazil etc. are witnessing large infrastructure projects which will drive the demand for acoustic insulation to meet noise control regulations.

Growing focus on noise cancellation solutions in automotive sector - Automakers are incorporating advanced acoustic insulation to provide a comfortable and quiet in-vehicle experience to passengers. This presents major opportunities for acoustic insulation suppliers.

Impact of COVID-19 on the Global Acoustic Insulation Market

The COVID-19 pandemic has significantly impacted the growth of the global acoustic insulation market. During the pre-COVID period, the market was growing steadily at a CAGR of 4.1% owing to the increasing construction of commercial buildings and infrastructure development projects across the world. However, the imposition of lockdowns and travel restrictions during COVID-19 led to the stoppage of various construction activities globally. This caused a decline in the demand for acoustic insulation products in 2020.

With economic activities resuming gradually in 2021, the acoustic insulation market is witnessing signs of recovery. However, the supply chain disruptions caused by the pandemic continue to pose challenges. Rising material costs and shortage of raw materials are negatively impacting market growth. Furthermore, changes in consumer spending patterns during the pandemic has reduced the demand from certain end-use industries like automotive.

To sustain growth in the post-COVID period, acoustic insulation manufacturers will need to focus on supply chain resilience. Companies are investing in local sourcing and establishing strategic partnerships to overcome supply challenges. Furthermore, with the shift towards green building development, emphasis on noise control and soundproofing is increasing. The rising awareness about health and well-being is also driving the demand for acoustic insulation in residential construction. The market is expected to benefit from policy support for infrastructure projects and incentives for energy efficient buildings in the coming years.

Europe Region Dominates Global Acoustic Insulation Market in Terms of Value

Europe currently dominates the global acoustic insulation market and accounted for over 35% of the total market value in 2024. Stringent regulatory standards regarding noise pollution and energy efficiency of buildings drive the demand for acoustic insulation in the region. Countries like Germany, UK, and France are the major markets owing to their developed construction industry. Furthermore, the presence of leading acoustic insulation manufacturers has made Europe a pioneer in acoustic insulation material technologies.

The Asia Pacific region is expected to be the fastest growing market during the forecast period from 2024 to 2031. Rapid urbanization and infrastructure development activities are increasing the requirement for acoustic insulation materials in countries such as China, India, and Indonesia. Government initiatives to promote green building designs and growing construction spending are contributing to market growth. With rising environmental awareness, the Asia Pacific region is expected to provide numerous opportunities for acoustic insulation manufacturers in the coming years.

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Issued By Coherent Market Insights
Country India
Categories Advertising , Blogging , Business
Tags innovation , material , acoustic insulation , acoustic insulation market , acoustic insulation market size , acoustic insulation market demand
Last Updated June 6, 2024