The acoustic insulation market size is projected to reach US$ 15,061.4 million in 2023. With the growing demand for acoustic insulations across various end-user industries, the market graph is likely to shoot up. The market is likely to garner US$ 26,550.8 million by 2033 while exhibiting a CAGR of 5.8% from 2023 to 2033.
The installation of sound barriers has increased dramatically in a variety of sectors, including trains, highways, airport runaways, stations, and others, as a result of an increasing focus on developing building infrastructure to provide a comfortable environment in public areas.
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Another significant factor influencing the market is the rise in product releases. For instance, Armacell declared a strategic alliance with the German TITK Group and Melamine in January 2021. Armacell said that it would use nonwovens made of melamine resin to produce effective insulating solutions. It is UV and flame-resistant.
Armacell released the ArmaGel DT acoustic insulator in August 2020, as another example. It has decreased insulation thickness compared to its other insulation competitors while providing remarkably low heat conductivity and high acoustic performance. The market is expected to grow shortly as a result of the introduction of such updated and sophisticated products.
On the other hand, market expansion is projected to be significantly hampered by Europe’s slow expansion of construction activities. Other factors limiting industrial expansion include raw material instability and increasing demand for raw materials containing greenhouse emissions. However, the market is projected to overcome the limiting circumstances with the introduction of aerogel, assisting in market expansion.
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.
Key Segments Covered in the Acoustic Insulation Market Survey:
By Type:
Glass Wool
Rock Wool
Foamed Plastic
Elastomeric Foam
By End Use Industry:
Building and Construction
Transportation
Oil & Gas and Petrochemicals
Energy & Utilities
Industrial & OEM
By Region:
North America
Europe
Asia-Pacific
Middle East & Africa
Latin America