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Market Overview
The global acoustic insulation market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of 6.1% within the forecast period (2022-2029).
Acoustic insulation is an insulation type that is designed to reduce vibrations and noise using sound-absorbing materials. Absorbing materials help to isolate noise sound by reflection and absorption using certain acoustic materials, including fiber, stone wool, glass, mineral wool and metal.
The global acoustic insulation market is highly consolidated, with the top four companies occupying more than 60% of the market share in 2019. The market in North America and Europe is fairly consolidated, while the market is highly fragmented in Asia-Pacific due to the presence of many companies. Efficient distribution networks and supply competency play a major role in determining the market position of such players.
Most of these players are focusing on expanding their distribution network and presence in the Asia-Pacific due to increasing awareness about acoustic insulation.
In most Asian countries, the insulation of buildings is not in trend due to the high cost of installation and low per capita income in most countries. However, per capita income in countries like China, India, Indonesia and Thailand is growing, which boosts acoustic insulation material sales.
Market Dynamics
Strong government rules and regulations for noise control drive the acoustic insulation market.
Strong government rules and regulations for noise control drive the acoustic insulation market
Manufacturing companies witnessed growth in the adoption and launching of acoustic insulation products in the past few years, majorly due to stringent rules by various developing countries' governments to control noise pollution in the industry. For instance, U.S. Environmental Protection Agency established the noise control act of 1972. The act is designed to coordinate federal research and noise control activities effectively and set federal noise emission standards for the industrial sector.
Moreover, in U.S, the Occupational Noise Exposure Regulation mandates that industrial employers must limit noise exposure of their employees to 90 dB (A). Such regulations increase the use of acoustic insulation materials in U.S.
In addition, EPA has designed standards to control noise generation in transportation and sound isolation of building environments. Most of the countries in the European Union also regulate airborne, impact and appliance noise levels. Regulations are also levied to ensure isolation from external sounds. Italian law no. 447 of 2/10/95 proposes the suspension of the public and private entities responsible for sound pollution. The Portuguese regulations define and control noise isolation from external sources inside a building. Sound generation from automobiles, planes and ships is also regulated under various standards.
Improper disposable and recycling technique hampers the growth of the acoustic insulation market
Proper disposal and recycling of glass wool are major challenges for manufacturers. Along with proper disposal techniques, protective clothing and masks are also required during the disposal of glass wool. Incentives, infrastructure and market commitment, are some factors that need to be considered for developing advanced recycling and disposal technology and infrastructure for glass wool.
Thus, the end-of-life of glass wool represents a major challenge to the building and construction industry, as European regulations require solutions to recycle and dispose of these materials correctly. Glass wool can also irritate the eyes and respiratory system if exposed during the laying process. Production of expanded and extruded polystyrenes is also regulated due to the emission of styrene, a carcinogen.
Such health-related issues of these insulation products limit their adoption and may cause hindrances to the market's overall growth in the forecast period. Additionally, natural fiber materials, especially rock wool product waste, are non-biodegradable and used in landfills. In order to utilize materials efficiently, the European Commission is taking necessary steps in the manufacturing process to minimize wastage and enable reuse for different purposes.
COVID-19 Impact Analysis
The COVID-19 pandemic is hurting the global economy, disrupting industrial investments and activities in 2020. The virus has hit all the major economies globally. Some states or regions have been under complete lockdown and many factories run on very limited staffing or have even temporarily closed. Countries such as U.S., India, Japan, Italy and France are among the hard-hit markets by the novel coronavirus
The activities are very low in the manufacturing sector, production halted in most non-essential industries and many project schedules have been changed or postponed. Due to all these interruptions, industrial activities and plant construction projects across all industries have also been affected.
Such a global scenario has been creating negative repercussions on the global acoustic insulation market for the existing plants in the end-user industries, such as automotive, railways and building & construction industries were temporarily shut down all across the world.
The acoustic insulation market is estimated to witness a y-o-y growth of 5.37% in 2019. However, the annual growth is likely to turn negative at -5.63% in 2020, owing to the disruptions caused by the pandemic. Production halts in H1 2020 led to lower demand for acoustic insulation from automotive, building & construction and several other industries.
Segment Analysis
The global acoustic insulation market is segmented by material, application, end-user and region.
The demand for heating, acoustic and cooling comfort has been increasing among the rising middle-class populations in developed as well as developing countries, which is boosting the demand for plastic foam
Based on material, the global acoustic insulation market is segmented into plastic foam, wool and others. The plastic foam holds a major share of the acoustic insulation market. Plastic foam is further classified into Polyethylene (PE), Polyurethane (PU), Polystyrene (PS), Polyisocyanurate (PIR), Phenolic Foam and Others. The most frequently used insulation materials are urethane foam, rock wool, polystyrene and slag wool. Among all, PU held the majority of the market share in 2019, followed by PIR with 67.50% and 12.14%, respectively. PU is the fastest growing segment during the forecast period among all other plastic foam during the forecast period 2020 to 2027.
The demand for heating, acoustic and cooling comfort has been increasing among the rising middle-class populations in developed and developing countries, which is expected to increase the insulation demand.
Polyurethane foam insulation materials are non-fibrous; therefore, personal protection equipment is not required during mounting. They are commonly used in building and infrastructure. Polyurethane (PUR) is produced by making polymeric isocyanate react with a polyether polyol in the presence of catalysts and additives.
Polyurethane foams are the largest category of cellular polymeric materials. They find applications in a wide variety of industries as they are lightweight and economical. Some flexible polyurethane foams are molded, especially for use in the automotive sector, mainly for car seats, while rigid foams mainly use acoustic insulation of buildings.
Geographical Analysis
Japan and China are leading in the regional acoustic insulation market with a high ratio of commercial and multi-story buildings
The rapidly growing construction industry and strengthening regulatory environment surrounding acoustic requirements in buildings are some of the major factors leading to the growth of the acoustic insulation market in the region
China has the world’s largest construction industry accounting for nearly 20% of the global construction output. Japan, India, Australia and Indonesia are among the top 10 construction markets contributing significantly to the global industry
Japan and China are leading in the regional acoustic insulation market with high commercial and multi-story buildings ratio. The use of soundproofing solutions has been very high in these countries over other Asian peers.
However, weaker regulatory standards for the building and construction industry, low awareness towards sound insulation and high construction costs associated with using these solutions are limiting the market growth, particularly in low-income rural areas in the region.
Competitive Landscape
The global acoustic insulation market is highly competitive with local and global key players. The key players contributing to the market's growth are Saint-Gobain, Rockwool International A/S, Owens Corning, Knauf Insulation, Johns Manville, Armacell International, BASF SE, Siderise Group, Recitel International, Trelleborg AB, Fletcher Insulation, Kingspan Group plc among others.
The major companies are adopting several growth strategies, such as product launches, acquisitions and collaborations, contributing to the global growth of the acoustic insulation market.
• In July 2020, Saint-Gobain's subsidiary, Point.P, construction materials and building products, announced to launch of a specific range of bio-sourced insulation materials. The materials consist of wood fiber and hemp-based materials.
• In 2019, Knauf Insulation invested around US$ 35 million in developing the new site at Albion to meet the growing demand for blowing and wool insulation products in North America. Further, the same year, Company invested around Euro 110 million to start a new plant at Village in France.
BASF SE
Overview: BASF SE is one of the largest chemical companies based in Germany. The BASF SE operates in six main segments: Industrial Solutions, Nutrition & Care, Chemicals, Materials, Surface Technologies and Agricultural Solutions. BASF SE generated around US$ 69.9 billion in revenue in 2019.
The material segment of the company consists of performance materials and the monomers like thermoplastics, polyurethanes and foam specialties used in various sectors such as the construction, transportation and consumer goods industries
Product Portfolio: Basotect: The open-cell surface of Basotect ensures that sound waves can pass through the cell structure unhindered and without being reflected as an echo. As a result of the cell structure's reduction of sound energy, Basotect has outstanding sound absorption capabilities. Basotect ensures ideal room acoustics: paying close attention to noise absorption is crucial, especially in busy spaces like large offices or call centers.
Key Development
• In June 2020, BASF SE teamed up with a Chinese firm to initiate the development of insulating polyurethane (PU) panels used in refrigerated storage for the China cold chain industry
Why Purchase the Report?
• Visualize the global Acoustic Insulation market segmentation by material, application, end-user and region, highlighting key commercial assets and players.
• Identify commercial opportunities in the acoustic insulation market by analyzing trends and co-development deals.
• Excel data sheet with thousands of global acoustic insulation market-level 4/5 segmentation points.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players
The global acoustic insulation market report would provide approximately 61 market data tables,53 figures and 204 pages.
Target Audience 2022
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