Published: Jun, 2018

The global acoustics market is predicted to gain considerably in the forthcoming years, according to a report by Transparency Market Research (TMR). The market’s competitive ecosystem features several regional as well as international players, making the market fragmented in nature currently. Prominent vendors dominate the market to a large extent on account of their wide geographical presence and high production capacities. The vendors in the market are expected to compete on factors such as product price, differentiation, technology, and product innovation, in order to thrive in the stiff competition presented by competitors. Prominent names in the global acoustics market include Rockwool International A/S, 3M Inc., Fletcher Insulation, Sika AG, and Knauf Insulation.

According to TMR, the global acoustics market stood at US$9,881.21 in 2016 and is forecasted to rise at a 5.85% CAGR from 2017 to 2025.

Based on material type, foamed plastic accounted for the leading share in 2016 owing to advantages of its insulation properties and relatively low cost. Geography-wise, Asia Pacific is anticipated to remain a lucrative market for acoustics in the near future. This is mainly because the region is home to some key developing economies in the world.

Global Acoustic MarketTechnical Advances in Acoustic Materials to Augment Demand

The innovation and development of advanced acoustic materials such as rock wool, glass wool is expected to spur the growth of this market over the forecast period.  Moreover, urbanization in developing regions have augmented the demand for residential structures along with improved lifestyle of the consumers have resulted in a surge in the demand for noise free buildings which in projected to foster the growth of acoustics market. Key players in the global acoustics market are expected to benefit primarily from the development of new applications for acoustic materials as well as from the rising demand in the emerging regions.

Increased Need for Noise Insulation to Provide Rich Growth Opportunity

Owing to the increasing noise pollution and surrounding sounds, the acoustics are getting disturbed which causes harmful effects on human health. Noise pollution can cause several mental and psychological disorders such as cardiovascular diseases, hearing problems and permanent loss, sleep disturbances, hypertension, and physiological losses. The ECBC code mandates to reduce energy consumption by 40% by means of green building materials.

As a result, there are now stringent regulations in place for energy conservation and noise reduction, which are anticipated to bode well for the acoustics market in the upcoming years. Factors such as rapid industrialization resulting in a demand for reducing high decibel sound originating from the machinery, rising demand from residential applications owing to the need for dampening the outdoor sounds, and increasing expenditure on research activities are expected to boost the global acoustics market. Additionally, the surge in automobile production and sales along with rising consumption of acoustic materials is estimated to fuel the market.

High Product Cost to Hamper Market Development

Meanwhile, the high cost associated with the purchase and installation of acoustic materials has slowed down the adoption of acoustic materials. Additionally, need of scientific and technological expertise for the production and installation of acoustic materials has slowed their adoption.

However, the migration rate of population from rural to urban areas continues to act as an indicator of the growth of the acoustic material market. Moreover, growing high net worth individual population across the globe is projected to flourish the growth of acoustics market over the forecast period.

This review is based    TMR’s report titled, “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 2017 – 2025..”Top of Form

The market is segmented along the following lines:

Global Acoustics Market: By Material

  • Glass Wool
  • Stone Wool
  • Acoustic Fabrics
  • Acoustic Insulators
  • Fabric Absorbers
  • Fabric Dampeners
  • Fabric Diffusors
  • Fabric Noise Barriers
  • Fabric Ceilings
  • Foamed Plastic
  • Fabric Soundproofing Materials
  • Fabric Wall Materials

Global Acoustics Market: By End-use

  • Building & Construction
    • Residential
    • Commercial
  • Industrial/HVAC & OEM
  • Transport
    • Automotive
    • Marine
    • Aerospace

Global Acoustics Market: By Region/Country/Sub-region

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • U.K.
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA

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