Global Acoustic Damping Tiles Market: An Overview
The global acoustic damping tiles market is predicted to witness a healthy growth during 2018-2026. The market is driven by cost-effective solutions to reduce noise pollution, renovate old homes and follow stringent regulations in the industry. The manufacturers continue to find new solutions which are eco-friendly, easy to install and cost-effective.
Acoustic damping tiles are often made up fibrous materials and are available in a wide range of shapes and sizes. Wood, metal, cork often make good sound-proofing materials and make for attractive décor material in homes as well. Acoustic damping tiles are installed on ceilings or walls. Acoustic damping tiles prevent sound from traveling and can block unwanted noise as well. Most often these noises include echoes, confined within a small space. The various alternatives to acoustic tiles including ceiling clouds, panels, ceiling baffles and soundproof material pose limitations to the growth of the market.
This report analyses and forecasts the global acoustic damping tiles market at both the global and regional levels. The market has been forecast in terms of value (US$ Mn) and volume (Million Square Meters) from 2018 to 2026. The study includes drivers and restraints of the global market. It also covers the anticipated impact of these drivers and restraints on the demand for cool roofs during the forecast period. The report also highlights growth opportunities in the global acoustic damping tiles market.
Global Acoustic Damping Tiles Market: Key Trends
The growing research and innovation in the aerospace industry is predicted to drive the global acoustic damping tiles market. The industry is investing new ways to reduce aircraft weight as well cancel out various in-flight noises. The industry faces major challenges especially in areas of structural radiation, system noise, floor cell radiation and shock cell noise. The industry is currently experimenting with replacing the various current aluminum structures with composite materials. With increasing orders from aircrafts, the acoustic damping tiles market is expected to grow rapidly during the forecast periods.
The global acoustic damping tiles market is also predicted to grow as the construction activity around the world is increasing. Increasing household incomes in developing countries, growing public and private infrastructure developments and growing demand for renovations in homes. Growing regulations in industries is also pushing them for cost-effective noise reduction methods like acoustic damping tiles.
The market also faces some uncertainties and challenges. There are growing concerns regarding allergies and other harmful side-effects of acoustic damping tiles. Similarly, the material often used to block-out noise in a cost-effective manner also creates waste. Lack of recycling options and harmful side effects can hinder the growth of the acoustic damping tiles market in the long run.
Global Acoustic Damping Tiles Market: Regional Outlook
North America is expected to hold the largest share of the global market during the forecast period. Innovative manufacturers of acoustic materials as well as tiles and stringent regulations drive the market along with Europe. On the other hand, robust growth of automotive sector and increasing demand for aircrafts is driving Middle East & African region.
Global Acoustic Damping Tiles Market: Competitive Dynamics
Top companies operating in the market are Autex Industries, 3M (Aearo Technologies), ROCKWOOL International, Auralex Acoustics, Pyrotek.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.