In 2021 and 2022, the global acoustic insulation market is anticipated to reach US$ 14.1 billion and US$ 14.6 billion, respectively. During the projection period, the market is expected to reach US$ 22.9 billion in 2032, growing at a CAGR of 4.6 percent. Increased middle-class affordability is projected to have played a significant influence in boosting the market over the evaluation period. The increased focus on developing building infrastructure to provide a comfortable environment in public spaces has resulted in an increase in sound barrier construction across a variety of sectors, including trains, highways, airport runaways, stations, and others.
Another important factor driving the market is the increase in new releases. Armacell, for example, announced a strategic alliance with the German TITK Group and Melamine in January 2021. Armacell has stated that melamine resin-based nonwovens will be used to make competent insulation solutions. It’s resistant to flames and UV rays. In another case, Armacell released the ArmaGel DT acoustic insulator in August 2020. It has lower thermal conductivity and higher acoustic performance than other insulations, and it has a thinner insulation thickness. The market is expected to grow in the future as a result of the introduction of such updated and improved products.
Important Points to Remember
- In 2021, the global acoustic insulation market is expected to reach $14.1 billion and $14.6 billion, respectively.
- The global acoustic insulation market is expected to reach $22.9 billion in 2032, with a 4.6 percent compound annual growth rate (CAGR) throughout the forecast period.
- The building and construction industry is expected to grow at a rate of 4.1 percent each year.
- The foamed plastic segment is expected to develop at a rate of 4.3 percent.
- The US market is expected to be worth $7.4 billion, with a 4.2 percent CAGR during the projected period.
Saint-Gobain, Knauf Insulation, Soprema, Armacell International, and Rockwool International A/S are among the major participants in the worldwide acoustic insulation industry.