Saint Gobain (France) and Knauf Insulation (US) are the Key Players in the Acoustic Insulation Market
The global acoustic insulation market size is projected to reach USD 17.1 billion by 2026 growing at a CAGR of 3.9% from 2021 to 2026. The increasing demand for acoustic insulation materials in various end-use segments coupled with stringent regulatory and sustainability mandates concerning the healthcare safety and noise pollution is driving the market for acoustic insulation.
The increase in demand for acoustic insulation and the growing industrial development in the emerging economies, such as APAC and South America, are driving the market. The key players in this market are Saint Gobain (France), Knauf Insulation (US), Armacell International (Germany), Soprema (France), Rockwool International (Denmark), Huntsman (US), Owens Corning (US), Kingspan Group (Ireland), BASF SE (Germany), and Johns Manville (US). These players have adopted various strategies such as investment & expansion, merger & acquisition, partnership & agreement, and new product launch in order to strengthen their market position. For instance, in January 2020, Saint-Gobain acquired Sonex in Brazil, a company specialized in the manufacture and supply of acoustic ceiling systems, marketed under the Sonex, Nexacustic, and Fiberwood brands. This acquisition strengthened the group’s position in Brazil.
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Saint-Gobain designs, manufactures, and distributes innovative solutions to improve the quality of living spaces and reduce environmental impacts. The company has organized its operations through business segments namely; Americas, Northern Europe, Southern Europe & MEA, APAC, and High-Performance Solutions (Global). It offers its acoustic insulation products and solutions to various applications in buildings, transportation, and industries. In recent years, Saint-Gobain has focused on acquisitions and partnerships to achieve its growth in the market. For instance, in January 2020, Saint-Gobain acquired Sonex in Brazil, a company specialized in the manufacture and supply of acoustic ceiling systems, marketed in particular under the Sonex, Nexacustic, and Fiberwood brands. This acquisition strengthened the group’s position in Brazil.
Knauf Insulation is a manufacturer and marketer of insulation products. The company works toward providing energy efficiency and sustainability in homes, non-residential buildings, and industrial applications. Knauf Insulation is a subsidiary of Knauf Group. It has organized its insulation range through glass mineral wool, rock mineral wool, blowing wool, and wood. The company’s manufacturing output has increased over the last decade while at the same time significantly reducing its environmental impact per cubic meter of the product. Knauf Insulation targets to generate 25% of scraps from the recycling of glass mineral wool and rock mineral wool from its customers’ work sites by 2025. The company has been using investment and expansion as its key strategy; as a result, it has expanded its presence in Belgium and the APAC region.
Related Reports:
Acoustic Insulation Market by Type (Glass Wool, Rock Wool, Foamed Plastics, Elastomeric Foam), End-Use Industry (Building & Construction, Transportation, Oil & Gas, Energy & Utilities, Industrial & Oem), and Region - Global Forecast to 2026
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