Sound Insulation NVH Market - Industry Analysis, Market - Forecast(2024 - 2030)

Sound Insulation NVH Market Overview

Sound Insulation NVH Market is forecast to reach $23.5 billion by 2030, after growing at a CAGR of 5.7% during 2024-2030.  The market is driven by increasing number of developments in the end-use industries of building & construction and transport. The rising demand for Sound Insulation NVH is driven by rising government standards against noise pollution, growing living standards, and increased awareness of safety, are some major factors driving the global Sound Insulation NVH market during the forecast period. One of the most expensive melamine foams is growing in popularity due to its lightweight properties, which allows use especially of aircraft and ceiling panels. Rock wool is a stone wool insulating commodity for use in residential wood and steel stud construction partitions in interior walls. It is particularly useful when you need superior fire resistance and acoustic efficiency

In the dynamic Sound Insulation NVH Market, there is a notable shift towards sustainable practices, emphasizing environmentally friendly materials and solutions. This trend is a response to an escalating awareness of the environmental footprint and a heightened focus on energy-efficient construction projects. Stakeholders in the industry are increasingly prioritizing eco-friendly alternatives, aligning with global sustainability goals. This strategic move not only addresses environmental concerns but also positions businesses favourably by catering to a growing market demand for green and energy-efficient solutions in the Sound Insulation NVH sector.

Ongoing technological advancements in the Sound Insulation NVH Market focus on enhancing performance, durability, and installation convenience. Innovations encompass novel materials and manufacturing processes, driving efficiency and efficacy in Sound Insulation NVH solutions. This strategic evolution responds to the industry's demand for cutting-edge technologies, ensuring that Sound Insulation NVH products meet the highest standards of effectiveness, longevity, and ease of integration, thus contributing to the market's overall growth and competitiveness.

Market Snapshot:

Report Coverage

The report: “Sound Insulation NVH Market Report – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Sound Insulation NVH industry.

By Material Type: Mineral Wool, Glass Wool, Natural Fibers, Foamed Plastics, and Others.

By End-Use Industry: Building & Construction, Transportation, Manufacturing & Processing, and Others.

By Application: Walls, Ceilings, Flooring, Doors and Windows, HVAC Ducts, Pipes and Others

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), and South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East and Africa).

Key Takeaways

• The Asia-Pacific is anticipated to flourish the growth of the Sound Insulation NVH market owing to the rapid urbanization and increase in construction activities in the growing economies such as India and China.
• The building & Construction sector is the leading end-use industry for the Sound Insulation NVH market on account of norms and regulations enacted by the government.
• Increasing competition for the development of acoustically sealed luxury vehicles by automotive manufacturers provides growth opportunities in the market.

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Material Type - Segment Analysis

Foamed Plastics is the most predominant type of material in the market. It has excellent quality of sound absorption and vibration damping, which leads to higher levels of comfort and safety Compared to traditional materials such as bitumen sheet or fiber belt, Sound Insulation NVH from these materials can reduce noise by around 50%. Moreover, due to the higher efficiency, excellent thermal insulation, easy installation, and super fire resistance, stone wool is estimated to be the fastest growing type of material.

End-Use Industry - Segment Analysis

The building and construction industry is projected to lead the market in Sound Insulation NVH and is expected to grow with the CAGR of 6.2% over the forecast time-frame. Some of the factors that are influencing the growth of the market in building and construction sector are building codes and regulations, construction of new buildings, population growth, energy costs, and sustainability. Strict governmental standards to reduce noise pollution and improve living standards are also among the main reasons driving the building and construction market for Sound Insulation NVH. For instance, the Noise Pollution (Regulation and Control) Rules 2000 adopted by the Indian government and the 1972 U.S.A. Noise Pollution and Abatement Act.

In addition, consumer demand for better noise, vibration, and harshness (NVH) levels, along with widespread competition between automotive manufacturers to include acoustic products, will boost the transport segment's demand in the global Sound Insulation NVH market.

Geography - Segment Analysis

Asia Pacific is projected to be the fastest growing market for Sound Insulation NVH due to increased demand in developing countries such as India, China, from the building and construction industry. The Indian government has also set a $120.5 billion investment target for the development of 27 industrial clusters, which is anticipated to improve the country's commercial construction. China is witnessing the construction of the country's numerous airports, which are either under planning or under development. In addition, the Indian government also planned to build 100 airports by 2032, due to an increased demand for air traffic. Building & construction and transportation are the top two end-use industries that contribute to the increasing demand for Sound Insulation NVH in the Asia Pacific.

Asia-Pacific is followed by Europe, stringent environmental regulations in European countries to include Sound Insulation NVH products in commercial and residential buildings will boost the region's market demand. For example, the UK government has the Building Bulletin 93 legislation which specifies minimum acoustic performance standards for school building construction.

Drivers – Sound Insulation NVH Market

• Increase in health concerns associated with noise pollution

 Long-term noise exposure affects people's quality of life and physical health, leading to annoyance and even illness. Residential and commercial spaces are exposed to high levels of noise, which can result in physical ear damage, stress-related diseases, and other associated symptoms. Several noise guidelines have been formulated by the World Health Organization (WHO) in European buildings, leading to reviewed effects on environmental noise on people's health and triggering numerous initiatives and raising awareness among urban population. Globally, consumers are protecting their buildings to reduce noise disturbance and negative health effects by Sound Insulation NVH. Thus, this factor is driving the Sound Insulation NVH market.

• Implementation of Stringent Noise Pollution Standards

The demand for Sound Insulation NVH is strongly influenced by the ongoing increase in standards related to noise pollution. EPA has developed guidelines for regulating transportation noise generation as well as sound building environment isolation. Most European Union countries also regulate the level of airborne noise, impact noise and appliance noise.

For Instance, Italian law no. 447 of 2/10/95 proposes the suspension of sound pollution by public and private entities. The Portuguese regulations define and control the insulation of noise inside a building from external sources. Sound generation from vehicles, aircraft and ships is also governed under various specified standards

Challenges – Sound Insulation NVH Market

• Slowdown of construction sector in Europe.

The major constraint in the Sound Insulation NVH market is the decline in the building & construction industry, which accounts for more than 50% of the total market share of Sound Insulation NVH. In some regions especially Europe, the residential and commercial construction industries are still recovering from the economic crisis. This directly affects and limits the growth of the Sound Insulation NVH market. This downturn in Europe's construction market is due to the lack of investment in the construction sector. In addition, there has been a decrease in the renovation of buildings.

• Low awareness of acoustics insulation in the emerging countries

Factors that negatively impact the market are low awareness of Sound Insulation NVH materials in emerging economies and high capital costs of Sound Insulation NVH in building. Sound Insulation NVH is still considered as a luxury rather than a necessity in developing markets such as India, Africa, and other Southeast Asian countries. These economies also show a general lack of acoustic awareness and low awareness of the major benefits of the most economic insulation. Sound Insulation NVH is considered by consumers in these countries as only a sound proofing technique and is limited to entertainment rooms in the house. Increasing acoustic awareness would present growth in these countries for this market.

Market Landscape

Product launches, acquisitions and R&D activities are key strategies adopted by players in the Sound Insulation NVH Market. 
Top 10 companies in Sound Insulation NVH market are:

1. Saint-Gobain
2. BASF SE
3. Owens Corning
4. Johns Manville
5. ROCKWOOL A/S
6. Kingspan Group
7. 3M
8. Armacell
9. Dow
10. Knauf Insulation

Acquisitions/Product Launches

• In November 2022, All-State Industries strengthened its position in the Sound Insulation NVH Market through the strategic acquisition of dB Engineering. This move enhances All-State's thermal and vibration insulation capabilities, enabling superior service to its existing customer base. The acquisition aligns with industry growth projections, fostering an expanded product offering and market presence for All-State Industries in acoustic and thermal insulation solutions
• In July 2023, Kingspan, a global leader in building solutions, has acquired Troldtekt, a renowned acoustic ceiling and wall solutions provider. This strategic move aligns with Kingspan's commitment to expanding its Sound Insulation NVH portfolio, leveraging Troldtekt's expertise. The acquisition aims to strengthen Kingspan's position in delivering innovative and sustainable solutions within the dynamic Sound Insulation NVH Market.  

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