Introduction
Global Acoustics Market was valued at USD XX Billion in 2019 and is projected to reach USD XX billion by 2025, at a CAGR of XX% from 2020-2025. The main function of acoustic material is to cut down noise pollution but are also used for effectively distribution of sound in indoor areas like residential and commercial construction. Due to movement of people from rural to urban areas continues to flourish at great rate which drives the acoustic market growth. Additionally, construction industry is a major market for acoustic materials and its work has never seen any dip in recent past years and is expected to grow rapidly in upcoming years also which is a great sign for the acoustic markets in coming years. Demand of acoustic material is also driven by government rules and stringent regulations regarding noise pollution.
The hight cost associated with purchase and installation of acoustic materials has however restricted the adoption and use of acoustic materials.
Geographical Overview
At a global level, Asia-Pacific region was holding the biggest market share in 2019. It alone accounts for the 40% of the global demand. Asia-Pacific region is also considered to be the highest potential region on account of highest growing building and construction as well as in transportation sector. Europe has also emerged as one of the biggest markets recently for acoustic materials and products. The government regulation regarding building acoustic isolation, noise control for transportation and industrial equipment has led to its market growth in this region. Key factors such as population migration from rural to urban, stringent government regulation, building and construction, privacy quietness and environment conducive are driving acoustic market in all around the globe.
Segmental Overview
Acoustics Market is segmented as per below specifications
By Material
• Glass Wool
• Stone Wool
• Acoustic Fabrics
• Acoustics Insulators
• Fabric Absorber
• Fabric Dampeners
• Fabric Diffusors
• Fabric Noise Barriers
• Fabric Ceilings
• Foamed Plastic
• Fabric Soundproof Materials
• Fabric Wall Materials
By End-Use
• Building & Construction
o Residential
o Commercial
• Industrial/HVAC & OEM
• Transport
o Automotive
o Marine
o Aerospace
Competitor Analysis
Acoustics Market has presence of some of the key major players across globe which includes
• Saint-Gobain
• Rockwool International
• Knauf Insulation
• Johns Manville
• Paroc Group
• Kingspan Group
• Armacell International
• BASF SE
• Fletcher Insulation
• 3M Inc
• Sika AG
• DuPont
• dB Acoustics Pte Ltd.
• Himalayan Acoustics
• Primacoustic
• Owens Corning
These key players are concentrating its efforts on the continuous product improvement with innovative initiatives to have an edge over other competitors. Further, to garner maximum market share, companies are adopting merger/ acquisition/ partnership and maintaining strong distribution networks strategies.
By Geographical Locations:
• North America
o U.S.
o Canada
• Europe
o U.K.
o France
o Italy
o Germany
o Spain
o Russia & CIS
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o South Korea
o ASEAN
o Rest of Asia Pacific
• Latin America
o Brazil
o Argentina
o Rest of LATAM
• Middle East & Africa
o UAE
o South Africa
o Rest of MEA
Highlights of the report
What is Acoustic Market?
Who all are key market players in the industry?
How the Parent Industry is growing?
Where are the key opportunities for new market entrant?
A comprehensive analysis, which covers key growth factors across the value chain
Recent developments in market
Granular Market Segmentation
Market size projection based on Historical & current market trends
Market share analysis and key strategies adopted by leading Players
Production Cost & Sensitivity Analysis
Country Level Market Analysis of Top 16 countries
Data Driven Decision Recommendations
