Canada Building Acoustic Insulation Market Size & Outlook
Canada building acoustic insulation market, 2018-2030 (US$M)
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Canada building acoustic insulation market highlights
- The Canada building acoustic insulation market generated a revenue of USD 195.0 million in 2022 and is expected to reach USD 287.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 5% 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.
Building acoustic insulation market data book summary
| Market revenue in 2022 | USD 195.0 million |
| Market revenue in 2030 | USD 287.9 million |
| Growth rate | 5% (CAGR from 2022 to 2030) |
| Largest segment | Foamed plastics |
| Fastest growing segment | Rock Wool |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Canada accounted for 4.3% of the global building acoustic insulation market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. building acoustic insulation market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 132.5 million by 2030.
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Building Acoustic Insulation Market Scope
Building Acoustic Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 44.26% in 2022. Horizon Databook has segmented the Canada building acoustic insulation market based on glass wool, rock wool, foamed plastics covering the revenue growth of each sub-segment from 2018 to 2030.
The surged demand for building insulation products and solutions owing to excessive temperatures in the country during winters is fueling the growth of the market in Canada. The regulations, which have been formulated and implemented in the country under the Green Energy Act, 2009, are aimed at reporting and reducing energy consumption of overall Canada.
The rise in awareness among the population of Canada regarding the benefits of acoustic insulation, including energy conservation, is influencing the demand for acoustic insulation products and solutions used in commercial and healthcare buildings such as offices, hotels, and hospitals in the country.
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Target buyers of Canada 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 country-level data and insights on the Canada building acoustic insulation market , including forecasts for subscribers. This country databook contains high-level insights into Canada building acoustic insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada building acoustic insulation market size, by product, 2018-2030 (US$M)
Canada Building Acoustic Insulation Market Outlook Share, 2022 & 2030 (US$M)
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