This report was recently updated on April 20 2024 with the latest and most recent
market numbers
Global Acoustics Market Size, Trends & Analysis - Forecasts To 2026 By Material (Glass Wool, Rock Wool, Foamed Plastics, Acoustics Fabrics, Acoustic Insulators, Fabric Absorbers, Fabric Dampeners, Fabric Diffusors, Fabric Noise Barriers, Fabric Ceilings, Fabric Soundproofing Materials, Fabric Wall Materials), By End Use Industry (Building & Construction, Transportation, Industrial/HVAC & OEM, Others), By Region (North America, Europe, Asia Pacific, MEA, CSA); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Acoustics Market Insights
The global acoustics market is estimated to witness a significant CAGR during the forecast period (2020-2026). The growing requirement for acoustic efficiency in automobiles for enhanced cabin comfort and increasing sales of electric vehicles to fuel the demand for lightweight acoustic materials are some of the major factors expected to drive the market growth over the coming years. Moreover, rise in the investments made in the construction sector is expected to propel the market growth during the forecast period. However, stringent norms by the government on environmental and adverse effects of high noise levels are likely to hamper the market growth over the coming years.
Acoustics Market Size: By Material
Based on material, the global acoustics market is segmented into glass wool, rock wool, foamed plastics, acoustics fabrics, acoustic insulators, fabric absorbers, fabric dampeners, fabric diffusors, fabric noise barriers, fabric ceilings, fabric soundproofing materials, and fabric wall materials. The rock wool segment is expected to grow at high CAGR in terms of volume during the forecast period. Some of the factors driving the market are fire resistance, heat insulation, and high density. Moreover, they are manufactured in different densities and thicknesses to match most requirements. Also, foamed plastics are expected to hold the largest market share during the forecast period.
Acoustic Market Size: By End Use Industry
Based on the end use industry, the market is segmented into building & construction, transportation, and industrial/HVAC & OEM, among others. The building & construction segment is expected to grow at a high CAGR during the forecast period. Significant rise in construction activities in developing countries such as India, China, and Mexico is expected to create a healthy growth opportunity for acoustic material manufacturers. Furthermore, increased production of manufacturing units and rise in transportation costs are expected to boost the market. Growing construction industry and expansion of urban cities in developed and developing nations is propelling the market growth. Also, improving economic conditions in countries such as India, and China is stimulating the demand for commercial spaces.
Acoustics Market Size: By Region
Based on region, the global acoustics market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The North America region is expected to witness considerable growth. Growing construction and building activities in the region is propelling the market. The U.S. is expected to be the largest construction market in North America and is expected to have the highest number of construction facilities. Europe is expected to hold the second largest market share due to increased government spending on laboratories and research and development projects.
Acoustics Market: Share & Competitor Analysis
Some of the key players operating in the acoustics market include: Johns Manville Corporation, Saint-Gobain, Du Pont Inc., Rockwool Group, Knauf Insulation, Fletcher Insulation, 3M Inc., Paroc Group, Armacell Group, Owens Corning, BASF Group, Acoustics First Corporation, Autex Industries Limited, Thermal Acoustic Products Ltd., TRELLEBORG, Sika Group, dB Acoustics Pte Ltd., Cellecta Ltd., Avery Dennison Corporation, Lloyd Insulations (India) Limited, Fletcher Building Limited, Fabricmate Systems, and Forman Building Systems, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
Check the Press Release on Global Acoustics Market Report
Acoustics Market: By Material
Acoustics Market: By End-Use Industry
Acoustics Market: By Region
The global Acoustics Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Acoustics Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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