Acoustic Insulation Market Size By Product (Glass Wool, Rock Wool, Polystyrene), By Application (Construction, Industrial, Transport), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Russia, Belarus, Ukraine, China, India, Japan, South Korea, Malaysia, Indonesia, Thailand, Brazil, Argentina, Mexico, Saudi Arabia, UAE, Turkey, South Africa, Tanzania, Nigeria), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2025
Published Date: October 2016 | 165 Pages | Report ID: GMI802 Report Format: PDF
Acoustic Insulation Market size was over USD 10 billion in 2015, increasing with estimated gains at over 6%.
Russia Acoustic Insulation Market size, by application, 2013-2025 (USD Million)
Rising demand for sound quality auditoriums, music studios, and corporate workplaces are key factors driving the global acoustic insulation market size. The product not only curbs the ill effects of sound but also boosts the sound quality. Positive indicators from industrial sound insulation, gyms and workout centers, shipbuilding segments, control rooms, and cabinets hold potential opportunities for acoustic insulation industry growth.
As per the study by Harvard School of Public Health, over 47 million homes in the U.S. are under-insulated in 2015, which represent a strong market potential for the U.S. acoustic insulation market. Consistent strong sales growth is observed in North America. In the U.S., total spending in non-residential construction increased strongly by 8.8% in 2015. Positive trends came from heavy engineering as well as from the private commercial and industrial sectors.
Polystyrene, glass wool, and rock wool are majorly used insulation materials for better noise pollution control. Rising noise pollution owing to a change in lifestyle coupled with regulatory norms for sustainable infrastructure are the major factors driving in acoustic insulation demand in commercial and residential spaces.
Various manufacturing units and industries require the acoustic insulators services for environmental-friendly operations. Manufacturing, construction, oil platforms, and electronics are some of the industries employing sound proofing materials and are witnessing considerable acoustic insulation market growth. As per the analysis, transportation and construction & building segments are expected to register the highest gains over the forecast.
Population growth coupled with high urbanization and industrialization rates in the emerging markets, such as Brazil, China, India, South Africa, Mexico, and Russia, has generated the necessity for better residential and industrial infrastructure.
APAC registered for over 43% of the construction spending market in 2015 in terms of revenue the region generated close to USD 3.54 trillion business. China was the largest acoustic insulation market in APAC with an estimated spending of over USD 1.75 trillion in 2015. Indonesia &India were close to USD 267 billion and USD 427 billion spending respectively in the same year.
Disposability and ill effects pertaining to direct exposure of toxic materials to people may threaten acoustic insulation market growth. The blowing agents employed in the sound insulation industry contain ozone depleting substances, causing serious environmental concerns.
Acoustic Insulation Market, By Product
Glass wool acoustic insulation market size was over USD 3 billion in 2015, the product is one of the most widely used insulations forms owing to its effective acoustic and thermal properties, high tensile strength, exceptional resilience, and light weight are major properties driving product demand. Glass wool is majorly preferred in places with service temperatures ranging up to 250C.
Polystyrene is the largely used sound proofing material owing to its economic cost and requires minimal installation tools. The product would exceed USD 9 billion valuation by 2025. Extruded Polystyrene (XPS) offers excellent moisture resistance and dense structure. On contrary EPS will soak up moisture, which may cause a degradation in the R value, which can be handled by a vapor barrier.
Cellulose and aerogel insulation products may witness highest growth, increasing at over 7% up to 2025. Excellent sound absorption properties, technological developments, and easy handling are major properties driving material demand.
Acoustic Insulation Market, By Application
Construction was the largest application and generated over USD 4 billion business in 2015. Rising income levels have driven the middle-class population growth in BRIC nations. With more population being attributed to middle-class income levels, a surge in urbanization has been witnessed in these markets. Residential acoustic insulation market helps in curbing around 25% of the regular sound transfer rates through the reduction in sound pressures with respect to specified sound receptors and source.
Acoustic insulation market from transportation applications would observe over 6.3% growth, railways, roads, and airports are major transportation noise sources which commonly effects development land for schools, houses, and hospitals. Increased developments in the automotive industry for soundproofing should drive product demand.
Acoustic Insulation Market, By Region
APAC, led by China acoustic insulation market size was valued at over USD 2 billion in 2015. China construction sector revealed a shift from government financed programmed towards privately funded industrial and commercial projects. Rising focus on fire safety and sound proofing in high-rise buildings has fueled product demand.
EU, Eurasian Union, and other CIS countries account for 33.6% which integrates to the overall Europe acoustic insulation market share. Residential re-insulation is a major contributor to the regional industry as a large number of under-insulated houses are expected to re-insulate in order to reduce disturbance reception created from the outside noise emissions.
North America acoustic insulation market, driven by U.S. is foreseen to be worth over USD 5 billion by 2025. U.S. total non-residential construction spending increased by approximately 8.8% in 2015. Strong outlook came from heavy engineering and from the industrial and private commercial sectors.
The Middle East construction industry has also observed a positive outlook on the acoustic insulation adoption. Dubai is among the major contributor due to its extensive approach in advanced construction structures. Green regulations governing air quality, fire safety, acoustic comfort and resource efficiency have been mandatory for new public buildings since 2010. In 2014, these guidelines have become the laws for every new building and refurbishment. The region expects significant growth over the forecast period due to growing regulatory norms pertaining to soundproofing.
Competitive Market Share
Global acoustic insulation market share is moderately consolidated with Rockwool International, Knauf Insulation, Owens Corning, Paroc, Armacell, Kingspan, and Fletcher being the major industry players in terms of geographic presence and revenue generation. Other key industry participants include BASF, Cellecta, AIM, Roxul, Twiga, TAP, Hush, Lloyd, SIDERISE, K-Flex, and AFICO.
Regional expansion in terms of manufacturing unit set ups and acquisitions are key strategies being adopted by the companies. For instance, In September 2014, Knauf Insulation officially opened its foremost manufacturing site in Turkey with an annual mineral wool production capacity of 45,000 tons.
Acoustic Insulation Industry Background
Acoustic insulation is heavily applied in the manufacturing industry, where there is a high necessity for thermal and sound proofing. The sound insulation property requirement is different for different plants depending on their operational process and location. Sound reducing structures utilizing the sound capsules, or mass-spring-mass principle can be useful in dropping noise emissions from industrial procedures into the open environment, specifically in urban areas.
Asia Pacific is one of the major regions for industrial sector on account of increasing industrial output in emerging markets of China and India along with other markets such as Malaysia, Indonesia, Thailand, and the Philippines. Moreover, the Eurasian Economic Union and CIS countries (Azerbaijan, Moldova, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan) are expected to register the highest gains during the forecast timeframe.
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