Building Acoustic Insulation Market (By Product: Glass Wool, Rock Wool, Foamed Plastic; By Application: Residential, Non-residential) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Published Date : Dec 2021 | No. of Pages : 150+ Pages | Category : Chemical and Material

The global Building Acoustic Insulation market size is expected to be worth around US$ 10.2 billion by 2030, according to a new report by Vision Research Reports.

The global Building Acoustic Insulation market size was valued at US$ 5.11 billion in 2020 and is anticipated to grow at a CAGR of 6.3% during forecast period 2021 to 2030.

Building Acoustic Insulation Market Size 2021 to 2030

Report Coverage

Report Scope Details
Market Size US$ 10.2 billion by 2030
Growth Rate CAGR of 6.3% From 2021 to 2030
Largest Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Compagnie de Saint-Gobain S.A.; Owens Corning; Rockwool International; Armacell International S.A.; Kingspan Group plc; Knauf Insulation; BASF Johns Manville; Fletcher Insulation; CellectaLtd.

Growth Factors

Rising investment in infrastructure, stringent building code, energy efficiency, and increasing living standards are augmenting the growth of the market.

The market is witnessing significant growth on account of an increase in regulatory standards related to noise pollution and stringent energy efficiency and fire safety policies, which often call for greater insulation usage in buildings. These products are anticipated to gain popularity owing to the growing construction projects in the residential, commercial, educational, and industrial sectors.

The market is expected to witness internal substitution, wherein aerogel is expected to act as a replacement for glass wool as the product offers ease of installation and high performance in terms of durability and efficiency. However, the product is currently being used only in high-end applications owing to its high cost.

By Product Analysis

Foamed plastic (cellular polymers) dominated the market and accounted for over 40.0% share of the global revenue in 2020. Its properties such as lightweight, vibration damping, and heat and sound absorption make it suitable for acoustic and decorative applications including interior ceilings of hotels, theatres, hospitals, and conference halls.

Stone wool (Rock /Mineral wool) is estimated to be the fastest-growing product over the forecast period on account of its efficient fire protection, excellent sound absorption, high levels of thermal insulation, bio-stability, and environment-friendly properties.

Glass wool (Fiberglass) products are made from glass that is spun into fibers and then formed into sheets using a binding agent. Thin layers are pressed together into a bigger sheet for greater strength, high tensile strength, exceptional resilience, and thermal and acoustic properties. 

By Application Analysis

The non-residential segment led the market and accounted for over 55.0% share of the revenue in 2020. The growth can be attributed to the increasing demand for commercial and industrial infrastructure across the globe, coupled with increasing demand in the entertainment industry including music studios, corporate workplaces, cinema halls, and auditoriums. 

Rising demand for construction projects, rising middle-class population, and increased disposable incomes are expected to drive the residential segment. 

By Regional Analysis

Asia Pacific dominated the market and accounted for over 35.0% share of the global revenue in 2020. An increasing number of infrastructure projects due to the rapid economic growth in countries such as China and India is strengthening the construction sector in the region.

Demand for building acoustic insulation products in North America is driven by the rising construction investments, demand for energy-efficient buildings, and smart infrastructure. 

The market in Central and South America is expected to witness steady growth in the years to come on account of the increasing infrastructural activities in developed economies, such as Brazil, Argentina, and Peru. 

The Middle East and Africa’s primary growth in the construction sector is fueled by the massive investments done by the governments and the increased inflow of FDI. 

Key Players

  • Compagnie de Saint-Gobain S.A.

  • Owens Corning

  • Rockwool International

  • Armacell International S.A.

  • Kingspan Group plc

  • Knauf Insulation

  • BASF

  • Johns Manville

  • Fletcher Insulation

  • CellectaLtd.

  • International Cellulose Corporation

  • Hush Acoustics

  • Siderise

  • L'Isolante K-Flex S.p.A.

  • Arabian Fiberglass Insulation Company Ltd.

Market Segmentation

  • By Product

    • Glass Wool

    • Rock Wool

    • Foamed Plastic

    • Others

  • By Application

    • Residential

    • Non-residential

  • Regional

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • U.K.

      • Germany

      • France

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

      • Saudi Arabia

      • UAE

The Building Acoustic Insulation market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Building Acoustic Insulation market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Building Acoustic Insulation market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Building Acoustic Insulation market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Building Acoustic Insulation market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Building Acoustic Insulation capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Building Acoustic Insulation by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Building Acoustic Insulation market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Building Acoustic Insulation market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Building Acoustic Insulation market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Building Acoustic Insulation industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Building Acoustic Insulation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Building Acoustic Insulation market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Building Acoustic Insulation market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Building Acoustic Insulation market. These factors have benefited the growth of the global market for Building Acoustic Insulation. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Building Acoustic Insulation. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Building Acoustic Insulation are as follows:

  • History Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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