Acoustic Insulation Market

Acoustic insulation serves as a soundproofing solution that prevents or minimises the transmission of sound into or out of an enclosed area by establishing a barrier between interior and exterior spaces. It mitigates both structural noise within a room and acoustic reverberation.

Research conducted by Allied Market Research indicates that the global acoustic insulation market reached a value of $9,878 million in 2015 and is projected to attain $14,633 million by 2022. Plastic foam materials are anticipated to dominate the market from 2015 to 2022. In terms of regional dominance, Europe held the largest market share, at around 35% in 2015.

Key drivers of the global acoustic insulation market include growing health concerns related to noise pollution, stringent noise pollution regulations, increased construction industry activities, and the energy efficiency benefits offered by insulation materials. Nevertheless, market growth is hindered by low awareness of the importance of acoustics in emerging economies and a slowdown in Europe’s construction sector.

The global acoustic insulation market is segmented based on material type, end user, and geography. Material types include stone wool, glass wool, plastic foam, and others, with plastic foam accounting for over 52% of the market share in 2015 due to its superior sound absorption and vibration dampening properties. This segment is projected to grow at a CAGR of 5.4% over the forecast period.

End users are categorised into the building and construction, industrial, and transportation sectors. Building and construction held the dominant position in 2015 and is expected to maintain its lead owing to evolving building regulations, urbanisation, and rising energy costs. The transportation segment is forecast to witness the fastest growth at a CAGR of 7%, driven by increased demand from the automotive and aerospace industries.

Europe, with its stringent building regulations and large transportation market, led the market in 2015 and is anticipated to maintain its dominance. The LAMEA region (Latin America, Middle East, and Africa) is expected to experience the fastest growth, primarily due to robust construction industry growth in the Middle East and Africa.