Acoustics Market (Material - Glass Wool, Stone Wool, Acoustics Fabrics, Acoustic Insulators, Fabric Absorbers, Fabric Dampeners, Fabric Diffusors, Fabric Noise Barriers, Fabric Ceilings, Foamed Plastic, Fabric Soundproofing Materials, and Fabric Wall Materials; End-use - Building and Construction (Residential and Commercial), Industrial/HVAC & OEM, and Transport (Automotive, Marine, and Aerospace)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
Press Release :
Global Acoustics Market: Snapshot
Keen players in the global acoustics market are vying to develop new applications for acoustic materials, especially in the transportation sector to up their market share and to steal a march on their competitors. Further, topnotch players in this market are seeking entry into emerging markets to capitalize on brimming growth opportunities in these regions.
The acoustics market is primarily driven by government regulations in place in several parts of the world to curb noise pollution. This has necessitated buildings to be insulated with acoustic materials that can prevent noise to spread. While these regulations are already in place in developed countries, the relatively new implementation of these regulations in developing regions is leading to an uptake of acoustic material and products. For instance, in India in Andhra Pradesh, the Energy Conservation Building Code (ECBC) puts forth the requirement for commercial and public buildings to reduce energy consumption and to reduce noise pollution.
On the flip side, scientific and technical expertise needed for production and deployment of acoustic materials is slowing the growth of the acoustics market to some extent. As per estimates presented by a report by Transparency Market Research, the global acoustics market will likely rise at a CAGR of 6.1% from 2019 to 2027.
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Recovery of Construction Sector Boosts Building & Construction End-use Segment
The report examines the global acoustics market based on material, end-use, and geography. Depending upon type, the market is classified into glass wool, stone wool, acoustic insulators, fabric dampeners, fabric noise barriers, foamed plastic, fabric wall materials, acoustic fabrics, fabric absorbers, fabric diffusors, fabric ceilings, and fabric soundproofing materials. Foamed plastic led amongst key acoustic material types in 2018 mainly because of its better insulation properties and relatively lower price.
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In terms of end-use, the global acoustics market can be classified into building & construction, industrial/HVAC & OEM, and transportation. Vis-à-vis revenue, the segment of building and construction occupied the leading share of almost 60% in the overall market in 2018. The building and construction segment is further sub-segmented into residential and commercial, of which residential occupies the leading share.
Growth in Asia Pacific Rides on Rapid Urbanization
Geography-wise, the report studies the global acoustics market across North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Amongst all, Asia Pacific held the leading share of the market in 2018. The growth of this market is primarily on account of being home to some of the key emerging economies in the world. In this region, the rapid pace of migration from rural to urban areas is leading to an increasing demand for residential and commercial buildings. This, in turn, is benefitting the acoustics market to provide the necessary insulation in these buildings to curb noise pollution as mandated by environment conservation statutes. Asia Pacific is also home to China, which is one of the leading individual markets in the world. Driven by these factors, Asia Pacific acoustics market is anticipated to expand at a significant CAGR over the forecast period.
Similarly, Latin America and the Middle East & Africa also constitute some key emerging economies that are witnessing rapid urbanization. The demand for new residential and commercial buildings in these regions is expected to immensely benefit the acoustics market. On the other hand, North America and Europe are mature markets for acoustics as regulations for noise pollution to be within permissible limits are in place for a long time. Hence, these regions will witness a slow growth rate over the forecast period.
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Key Players in the Global Acoustics Market
- Sika AG
- Rockwool International A/S
- Knauf Insulation
- 3M Inc.
- BASF SE
- Fletcher Insulation
among other are the key companies that operate in the global acoustics market.
Acoustics Market – Scope of the Report
Transparency Market Research’s recent report on the global acoustics market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the global acoustics market analyzes the market scenario for the period from 2018 to 2027, wherein 2018 is the base year. This report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study.
This TMR study on the global acoustics market also provides data on developments made by important players and stakeholders operating in the market, along with competition analysis. The report also provides an understanding of strengths, weaknesses, threats, and opportunities, along with market trends and restraints in the competition landscape section.
This study also discusses the underlying trends and the impact of various factors on the global acoustics market along with their influence on evolution of the market
This study also offers Porter’s five forces analysis, value chain analysis, and regulatory scenario of the global acoustics market, in order to elaborate crucial growth strategies of and opportunities for players operating in the market
Key Questions Answered in Global Acoustics Market Report
- How much value does the global acoustics market is expected to reach by the end of the forecast period?
- Which segment currently account for the maximum share of the global acoustics market?
- What are the key factors expected to drive the global acoustics market?
- Which region is likely to be a lucrative market for acoustics during the forecast period?
- What are the essential strategies adopted by key players operating in the global acoustics market to expand their geographical presence?
- What are major advancements in the global acoustics market?
This report answers these questions about the global acoustics market, aiding major stakeholders and key players in making the right decisions and strategizing for growth of their business
Global Acoustics Market: Research Methodology
This TMR report on the global acoustics market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. The competition scenario of the global acoustics market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and the current trends, researchers of the global acoustics market arrived at predictions and estimations, and calculated the market forecast.
This report uses an analytical triangulation method to estimate the numbers of the global acoustics market, by using both bottom-up and top-down approaches
This detailed assessment of the global acoustics market, along with an overview of the market, is provided based on a careful examination of avenues related to the market. Analysts’ conclusions on how the global acoustics market is set to expand are based on carefully vetted primary and secondary sources.
Global Acoustics Market: Segmentation
This report on the global acoustics market provides segmentation of the market based on material, end-use, and region