Acoustic Insulation Market Analysis

Acoustic Insulation Market Analysis

Plastic foam dominated the market share and accounted for over 40% of the overall demand in 2018. Features such as lightweight and heat & sound absorption properties make the product suitable for decorative applications including interior ceilings of hotels, theatres, hospitals, conference halls, etc. Growing demand of the EPS plastic foams in numerous industrial and transportation domains across emerging economies, such as India, Mexico South Africa, and South Korea, will augment the industry size. Furthermore, key benefits including fast & low-cost installation, effective absorption of shearing forces, efficient fire resistance, and CFC& halogen-free properties.
 

Fiberglass/Glass wool product segment may witness significant gains at over 5% by 2025. Growth in construction spending coupled with stringent regulations with a major emphasis on sustainability and efficient energy usage will promulgate the segment growth in the industry. In addition, key features such as being odourless, having a natural brown tinge, fire-resistance, manufacture via recycled glass bottles, softer texture, and lower energy consumption will further influence the acoustic insulation market revenue.
 

Building & Construction segment accounted for more than 35% of the total acoustic insulation market share in 2018. Shifting trends towards environment-friendly buildings offering efficient acoustic and thermal insulation required in residential, commercial, and industrial applications will fuel industry growth. Superior properties of insulation materials including high fire safety, dimensional stability, ecological compatibility, and chemical resistance are among the key factors positively influencing the acoustic insulation market trends.
 

Transportation is projected to witness over 5% gains from 2019 to 2025. Surging popularity of the acoustic non-woven fabric technology in the automotive industry has significantly enhanced the scope for industry expansion. Rapid technological advancements and continuous innovations in the automotive sector owing to the rising concerns for disturbance-free driving experiences will stimulate acoustic insulation market growth. Moreover, significant growth in the production of passenger & commercial vehicles owing to rising disposable incomes of consumers will further provide a strong business outlook for the overall acoustic insulation market growth.
 

Europe accounted for more than 30% of the overall acoustic insulation demand in 2018. Rising awareness of green construction, IoT and smart infrastructure in the region is expected to augment the product demand up to 2025. Growing awareness among government authorities and construction industry will provide positive scope for the product penetration in the region. Stringent environmental regulations in European countries towards the inclusion of acoustic insulation products in school buildings will propel the acoustic insulation market. For instance, UK government has the Building Bulletin 93 regulation requiring minimum acoustic performance standards for the construction of school buildings.
 

Asia Pacific will witness the fastest growth with a CAGR of 5% in the acoustic insulation market by 2025. Rising disposable income coupled with extensive product utilization in the building & construction, industrial, and transportation segments and surging government investments in numerous industrial & commercial projects pertaining to fire and sound absorption in the region are key factors driving industry growth. Rapid surge in infrastructural activities along with the growing noise pollution in several metropolitan cities will proliferate the acoustic insulation market in the region.