Acoustic Insulation Market: By Types (Stone Wool, Glass Wool, Plastic Foam, and Others), End-Use Industry (Residential Construction, Commercial Construction, Transportation, Industrial, Energy and Utilities, and Others), and Geography

Acoustic Insulation Market size was valued at USD 17,487.3 Million in 2023 and is anticipated to grow at a CAGR of 5.8% from 2024-2030. The acoustic insulation market refers to the industry that deals with the production, distribution, and use of materials and products designed to reduce and control sound transmission and noise levels in buildings, structures, and various applications. Acoustic insulation plays a vital role in creating comfortable and noise-free environments, enhancing the overall quality of living and working spaces by absorbing, dampening, or blocking coming from the surroundings. The acoustic insulation market is primarily driven by concerns regarding increasing noise pollution. With the urbanization and industrialization, noise pollution has become a significant issue in many regions. It has been proved that a variety of health effects including annoyance, sleep disturbance; negative effects on the cardiovascular and metabolic system, as well as cognitive impairment in children can be caused by long-term exposure to noise. According to the European Environment Agency (EEA), more than 100 million of Europe’s population are exposed to long-term noise levels that are causing harm to their health.

According to the EEA’s current data, it has been estimated that environmental noise contributes to 48,000 new cases of ischaemic heart disease annually and 12,000 premature deaths. In addition, around 22 million people suffer chronic high annoyance and 6.5 million people suffer chronic high sleep disturbance. These negative impacts of noise on health surge the demand for acoustic insulation. Moreover, governments and regulatory bodies in different countries are imposing stricter building codes and regulations to control noise levels in buildings, which have contributed to the further growth of the acoustic insulation market. Furthermore, the increasing demand for acoustic insulations in emerging economies offers potential opportunities for the expansion of the acoustic insulation market. However, the volatility of raw material for the production of acoustic insulation impedes the market growth. Manufacturers are adopting innovative strategies to develop novel solution to cater to the various end-use industries. For instance, in February 2020, ROCKWOOL Group acquired Sweden-based acoustic ceilings producer Parafon to broaden its portfolio in stone wool indoor acoustic solutions.

Acoustic Insulation Market Key Developments:

• In June 2022, Indorama Ventures collaborated with Filzfabrik Fulda and Strauss-Faser to achieve a fully circular, high performance acoustic insulation solution.
• In January 2023, Aerogel Core Ltd launched next generation ultra-light, low carbon ‘aerogel’ insulation materials for soundproofing and heat shielding in the aerospace and automotive industries.