Press release
Acoustic Insulation Market Set to Reach $24.13 Billion by 2029 with 8.9% Yearly Growth
Acoustic Insulation
A higher understanding of noise pollution is fueling the acoustic insulation market's expansion. According to the World Health Organization (WHO), noise pollution is any sound louder than 65 decibels (dB), becomes detrimental when it goes above 75 decibels (dB), and turns painful above 120 decibels (dB). The primary sources of noise pollution are traffic noise, construction site noises, and quick industrialization, among others. Furthermore, with swift urbanization, a large portion of the population is subjected to noise pollution, leading to more consumer and corporate investments in soundproofing or acoustic insulation products to lower sound levels within their homes and workplaces. Acoustic insulation aids in minimizing external noises and reduces sound transmission and vibration. The European Environmental Agency reports that 20% of people live in areas where noise levels are deemed harmful. This escalation in noise pollution has compelled companies to design solutions like soundproof walls for buildings, with acoustic insulation proving to be a more effective soundproofing method. Therefore, the rising awareness about noise pollution contributes to the growth of the acoustic insulation market.
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What growth opportunities are expected to drive the acoustic insulation market's CAGR through 2034?
There has been robust growth in the acoustic insulation market size in the past few years. The market, which is estimated to be $15.76 billion in 2024, is anticipated to rise to $17.15 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.8%. The increased growth during the historical period is influenced by factors such as growth of the construction industry, regulatory norms, urbanization, demand from the automotive industry and consumer preferences.
In the coming years, the market size for acoustic insulation is predicted to experience substantial growth. It has a projected value of $24.13 billion in 2029, with a compound annual growth rate (CAGR) of 8.9%. Factors contributing to this growth within the forecast period encompass initiatives for creating smart cities, energy efficiency worries, expansion of the hospitality sector, renewable energy ventures, government programmes, and the impact of the global pandemic. Key trends during the forecast period encompass developments in material technology, eco-friendly insulation solutions, technological incorporations for intelligent buildings, and HVAC systems.
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What trends are poised to drive the future success of the acoustic insulation market?
Major players within the acoustic insulation industry are concentrating on the creation of innovative products using advanced technologies to achieve enhanced efficiency to curb sound transition between rooms. A case in point is when Armacell, an insulation product producer from Luxembourg, rolled out ArmaComfort ABJ in June 2023. It's a novel multi-layer acoustic system solution aimed at abating noise in a variety of applications. This groundbreaking product is precisely engineered to tackle the problem of noise in drainage pipes, providing a flexible and effortless to install solution for acoustic insulation.
Which growth-oriented segments of the acoustic insulation market are leading the industry's development?
The acoustic insulation market covered in this report is segmented -
1) By Type: Mineral Wool, Glass Wool, Polymeric Foams, Natural
2) By End-User Industry: Building & Construction, Transportation, Oil & Gas, Energy & Utilities, Industrial & OEM
Subsegments:
1) By Mineral Wool: Rock Wool, Slag Wool, Glass Wool
2) By Blanket Glass Wool: Board Glass Wool, Polymeric Foams
3) By Polyurethane Foam: Melamine Foam
4) By Natural: Cotton Insulation, Hemp Insulation, Wool Insulation
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What regions are leading the charge in the acoustic insulation market?
Western Europe was the largest region in the acoustic insulation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the acoustic insulation market share during the forecast period. The regions covered in the acoustic insulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the acoustic insulation market?
Major companies operating in the acoustic insulation market include Badische Anilin- und Sodafabrik (BASF), Saint-Gobain, CertainTeed Corporation, Minnesota Mining and Manufacturing Company, Knauf Insulation, Sika AG, Owens Corning, Kingspan Group, Huntsman Corporation, Soprema, Rockwool International, Lapinus Rockwool Pvt Ltd, GAF Materials Corporation, Johns Manville, Armacell International, Fletcher Insulation, Paroc Group, Cellofoam GmbH, Aspen Aerogels Inc., Getzner Werkstoffe GmbH, Ursa Insulation S.A., Regupol Bsw GmbH, Guardian Building Products Limited, Trelleborg India Private Limited, Superglass Holdings PLC, Thermafiber Inc., Sound Seal Holdings Inc., Acoustical Surfaces Inc., TechnoNICOL Corporation, L'isolante K-Flex S.P.A, PAC International Inc., Palziv North America, Pyrotek India Private Limited, Suplet Power Co Ltd., Troldtekt A/S
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What Is Covered In The Acoustic Insulation Global Market Report?
• Market Size Forecast: Examine the acoustic insulation market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the acoustic insulation market for a structured understanding.
• Key Players Overview: Analyze major players in the acoustic insulation market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the acoustic insulation market.
• Segment Contributions: Evaluate how different segments drive overall growth in the acoustic insulation market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the acoustic insulation market.
• Industry Challenges: Identify potential risks and obstacles affecting the acoustic insulation market.
• Competitive Landscape: Review strategic developments in the acoustic insulation market, including expansions, agreements, and new product launches.
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