by Brianna Crandall — February 6, 2015—MarketsandMarkets recently published a market research report on acoustic insulation materials, which have found wide acceptance in various industries such as building and construction, transportation, industrial and others because of their superior acoustic and environmental resistance characteristics. The report estimates the global demand and market value for 2013, and projects the expected demand and market value by 2019.
Acoustic insulation materials are used for insulating the sound source and receptor, and to decrease energy consumption, ultimately increasing overall efficiency. The market occupies a small portion of the total global insulation market. Although building and construction is the major end-use industry, transportation is an emerging market growing at a fast pace, according to the report.
The main types of materials are stone wool, glass wool, and foamed plastics materials. Stone/rock wool held more than one-third of the market share in terms of volume in 2013 due to its superior thermal insulation properties, easy installation, superior fire resistance, increased density, and excellent acoustic properties.
Drivers and restraints
According to the report, the key drivers for the market are rising health concerns, the rise in demand for energy-efficient buildings, and a strict regulatory environment. Rising demand from developing nations is further pushing the market, along with a growing preference by manufacturers for acoustic insulation products in transportation applications. Mergers and acquisitions, technological developments and innovations, and expansion are identified as key strategies to expand the acoustic insulation market.
Some of the restraints include the construction crisis in Europe and disposability issues with acoustic insulation materials. There are some opportunities that will change the dynamics of acoustic insulation industry in the years to come, including increasing demand for acoustic insulation materials in major applications, and aerogel, which can be used as a replacement to conventional acoustic insulation materials.
Regions, countries
The acoustic insulation market is expected to grow at a compound annual growth rate (CAGR) of 5.80% from 2014 to 2019, to reach $4,159.04 million by 2019. The European region is the world’s largest market for acoustic insulation, accounting for 37.88% of the total global consumption by value in 2013, and demand in the Asia-Pacific market is increasing at the highest rate.
The countries covered in the report are the United States, Canada, Mexico, Germany, Italy, France, U.K., Japan, China, India, South Korea and Brazil.
Companies
The companies profiled in this acoustic insulation market research are Rockwool International A/S (Denmark), Knauf Insulation (Germany), Saint-Gobain (USA), Owens Corning Corporation (USA), Johns Manville Corporation (USA), Armacell (Germany), BASF SE (Germany), Paroc (Finland), Fletcher Insulation (Australia), and others.
Acoustic Insulation Market by Type (Mineral Wool, Glass Wool, Foamed Plastics), by Application (Building & Construction, Industrial, Transportation)—Global Trends and Forecasts to 2019 is available for purchase from the MarketsandMarkets Web site.
