Asia Pacific Building Acoustic Insulation Market Size & Outlook
Asia Pacific building acoustic insulation market, 2018-2030 (US$M)
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Asia Pacific building acoustic insulation market highlights
- The Asia Pacific building acoustic insulation market generated a revenue of USD 1,642.4 million in 2022.
- The market is expected to grow at a CAGR of 6% from 2023 to 2030.
- In terms of segment, foamed plastics was the largest revenue generating product in 2022.
- Rock Wool is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 1,642.4 million |
| Market revenue in 2030 | USD 2,624.5 million |
| Growth rate | 6% (CAGR from 2022 to 2030) |
| Largest segment | Foamed plastics |
| Fastest growing segment | Rock Wool |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Glass Wool, Rock Wool, Foamed Plastics |
| Key market players worldwide | Compagnie de Saint-Gobain SA, Rockwool AS Class B, Kingspan Group PLC, Basf SE, Johns Manville, Owens-Corning Inc, Armacell, Knauf, Fletcher Building Ltd, Cellectar Biosciences Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 36.3% of the global building acoustic insulation market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,624.5 million by 2030.
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Building Acoustic Insulation Market Scope
Building Acoustic Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific building acoustic insulation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to building acoustic insulation market will help companies and investors design strategic landscapes.
Foamed plastics was the largest segment with a revenue share of 44.95% in 2022. Horizon Databook has segmented the Asia Pacific building acoustic insulation market based on glass wool, rock wool, foamed plastics covering the revenue growth of each sub-segment from 2018 to 2030.
Building acoustic insulation is used in a variety of applications including residential, office & administrative space, education institutes, retail, hospitality, healthcare, higher education student accommodations, and publicly funded buildings.
Furthermore, with growing concerns about climate change, there is tremendous pressure across various sectors to reduce the environmental impact, particularly sectors that use a large number of natural resources.
Asia Pacific accounted for a large share of the global building acoustic insulation market in 2021 and is expected to maintain its dominance over the forecast period. This can be attributed to the rapidly growing construction activities, which are backed by rapid industrialization and urbanization. Moreover, increased investments in infrastructural development across the region are fueling market growth.
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Target buyers of Asia Pacific building acoustic insulation market databook
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Our clientele includes a mix of building acoustic insulation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific building acoustic insulation market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific building acoustic insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific building acoustic insulation market size, by country, 2018-2030 (US$M)
Asia Pacific Building Acoustic Insulation Market Outlook Share, 2022 & 2030 (US$M)
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