Bangalore, India: With its recently published study “Acoustic Foam Insulation: Drivers, Opportunities, Trends & Forecast Up to 2022”, Infoholic forecasts that the global market for acoustic foam insulation will continue to increase owing to the increased exposure of wide application areas in the underdeveloped and developing countries. Acoustic foam insulation has several added properties such as higher mechanical strength and flame retardation among others. Due to its effective sound reduction property, it has been used majorly in construction and automotive applications. Increased use of acoustic foam insulation in building & construction due to strict government regulations and growing awareness among people towards noise pollution will expand its market in the underdeveloped and developing countries. This pattern is expected to continue during the forecast period 2016–2022 to increase acoustic foam insulation market at a CAGR of 5.5%.
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Transportation area has been contributing largest revenues towards the acoustic foam insulation market in the European region, largely covering high insulation material usage in premium cars and premium melamine foam usage in aerospace. This trend is expected to continue during the forecast period as well fuelling transportation market growth at a CAGR of 5.0% during the forecast period 2016–2022.
Presently, cheaper options of polyurethanes, especially polyether polyurethane, caters to the largest demand volume alongside polyester polyurethanes. However, more effective melamine foam is creating its own niche in all regions and is expected to grow at the highest rate among all material categories.
“Acoustic insulation or soundproofing is a technique of reducing sound transmission from one area to another. We can relate this to our standard and quality of life. Usage of foam for acoustic insulation is still considered as premium category, although it provides better durability and added advantages such as lighter weight and flame retardancy. Being premium product, foam based acoustic insulation is still more popular in developed countries of Western Europe and North America with the former leading global market. As the affordability in developing region is growing slower and no cheaper alternative within foam based insulation are expected, Europe would continue to lead the global market during the next 5 years.” – Ankur Kalra, Research Manager, Chemicals and Materials.
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Key insights of the report
- Global acoustic foam insulation market has been analyzed based on application areas
- Building & Construction
- Others (such as healthcare)
- Global acoustic foam insulation market has been analyzed based on material
- Polyether polyurethane
- Polyester polyurethane
- Others (such as ceramics)
- Global acoustic foam insulation market has been analyzed based on geography
- Asia Pacific
- North America
- Others (such as Middle East & Africa)
- Industry outlook: market trends and drivers, restraints, and opportunities
Ms. Sunanda Ganguli
Infoholic Research LLP