Acoustic Insulation Material Market Trends

Growth Drivers

• Growing Demand for Environmentally Friendly Insulating Materials: The growing emphasis on sustainability and lowering carbon dioxide emissions is boosting demand for environmentally friendly acoustic insulating materials. Organic and sustainable materials including wool, cotton, and cellulose are likely to boost market expansion. For instance, it was found in a survey that about 35% of consumers are willing to pay more for sustainable products and goods.
• The Growing Industry of Hospitality: The rise of the hospitality industry, which includes resorts, clubs, and cafes, is boosting the need for acoustic insulation materials. The emphasis on offering a relaxing and quiet atmosphere for visitors is projected to drive market growth. For instance, there were more than 750,000 hospitality establishments such as hotels and vacation resorts globally in 2019.
• Aerospace Industry Expansion: The aerospace industry's expansion is boosting demand for acoustic insulation materials in airplanes. The adoption of lightweight, high-performance materials to minimize noise and improve passenger comfort is likely to increase. For instance, the in-cabin noise in an airplane can range between 35-85 decibels, during take-off, landing and in-flight.
• Rising Demands of Music Recording Studios and Growing Sales of Home Theater Systems: Demand for acoustic insulating materials is increasing owing to the increasing number of home theatres and music studios. These materials aid in the creation of a soundproof atmosphere for an immersive auditory experience, which will drive market expansion. For instance, more than 35 percent of the households in the United States own a home cinema system.
• Growing Demand for Cabin Comfort in Cars: Increasing demand for acoustic insulation materials in the automobile industry is being driven by a need to provide better interior comfort to consumers. Moreover, the rising usage of electric cars will also aid market growth. Electric cars are silent, and acoustic insulation materials aid in decreasing road noise and improving passenger comfort, which will fuel market expansion. For instance, in 2022, there were more than 2.5 million electric vehicles in the U.S. alone.

Challenges

• Low Awareness About These Materials: Lack of information about the advantages of acoustic insulation materials is a key issue faced by the market players. Use of these materials necessitates an understanding of the advantages of noise reduction and insulation, which may pose to be a hurdle in the market’s expansion.
• Availability of Lower-Priced Substitutes
• High Initial Cost of Installation