Acoustic Materials Market Research Report - Global Forecast till 2030

Global Acoustic Materials Market Research Report: Information by Material Type [Polyurethane (PU) Foam, Glass Fiber, ABS, Polypropylene (PP), Polyvinyl Chloride (PVC), Wood, Concrete, Metal, and Others], Product Type (Fabric Panel, Foam Panel, Fiberglass panel, Gypsum Boards, Concrete Walls, Metal Walls, and Others), Application (Sound Absorber, Sound Distributor, Noise Barrier, and Sound Reflectors), End-Use Industry (Building & Construction, Automotive, Aerospace & Defense and Others) and Region (North America, Europe, Asia-Pa...

ID: MRFR/CnM/3612-HCR | October 2022 | Region: Global | 145 Pages         

Acoustic Materials Market

Acoustic Materials Market is projected to be worth USD 6752.89 Million by 2027, registering a CAGR of 3.7% during the forecast period (2021 - 2027)

Segmentation

By Material Type Polyurethane (Pu) Foam Glass Fiber Abs Polypropylene (Pp) Polyvinyl Chloride (Pvc) Wood Concrete Metal Others
By Product Type Fabric Panel Foam Panel Fiberglass Panel Gypsum Boards Concrete Walls Metal Walls Others
By Application Sound Absorber Sound Distributor Noise Barrier Sound Reflectors
By End-Use Industry Building & Construction Automotive Aerospace & Defense Others

Key Players

  • BASF SE (Germany)
  • 3M (US)
  • Covestro AG (Germany)
  • Dow (US)
  • Huntsman International LLC
  • Henkel AG & Co. KGaA
  • Toray Industries Inc.
  • Sika AG (Switzerland)
  • Johns Manville (US)
  • Bayer AG (Germany)
  • Owens Corning (US)

Drivers

  • The growing requirement for acoustic efficiency for increasing cabin comfort in the automobiles sector
  • Increasing the expansion of the construction industries leads
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Acoustic Materials Market Overview


Acoustic Materials Market was valued at around USD 7.8 Billion in 2018 and is expected to register a CAGR of approximately 6.4% during the forecast period, 2019 – 2030.


Acoustic is the study related to all types of mechanical waves in gases, liquids, and solids that includes sound, vibration, ultrasound, and infrasound. Generally, this study revolves around the generation, propagation, and reception of mechanical waves and vibrations. The primary usage of acoustic materials in modern-day construction is to minimize the intensity of emitted sound. The acoustic materials are insulated into the building from the inside for reducing the noise intensity of the outside vehicle.


These materials are preferred in the manufacturing industries for lowering the noise and vibrations produced by machines for the maintenance of workers on the shop floor. Apart from noise absorption properties, acoustic materials are also capable of providing superior fire resistance. Due to their unique property of sound absorption, reflection, diffusion, or entire blocking of sound transmission, these materials are available in a wide variety of wood, concrete, fabrics, foams, and metals which are used to reduce or amplify the sound. Acoustic materials are used in various end-use industries like automotive, building & construction, and aerospace & defense.


COVID-19 Analysis:


The COVID-19 pandemic is spread all over the world and impacts all people’s lives physically, mentally, and financially. Several people are affected by a coronavirus and a few of them cause death. To curb the spread of the virus, various governments take initiatives and impose strict regulations like lockdowns, transportation bans, and various industries shutdowns. The acoustic materials market is also drastically impacted by this outbreak.


The manufacturers of acoustic materials industries face a lot of issues like supply chain disruptions, shortage of workers, and lack of raw materials which leads to a halt the production. Moreover, reducing the construction activities, declining sales of electric vehicles in the lockdown period results in the decline in the acoustic materials market. Further, for its benefit, this material is expected to increase its demand in the coming years.


Competitive Landscape


The prominent key players in the acoustic materials market outlook are the following:



  • BASF SE (Germany)

  • 3M (US)

  • Covestro AG (Germany)

  • Dow (US)

  • Huntsman International LLC (US)

  • Henkel AG & Co. KGaA (Germany)

  • Toray Industries, Inc. (Japan)

  • LyondellBasell Industries B.V. (UK)

  • Sika AG (Switzerland)

  • Johns Manville (US)

  • Bayer AG (Germany)

  • Owens Corning (US)

  • Rockwool International A/S (Denmark)

  • dB Acoustics Pte Ltd (Singapore).


Market Dynamics:


Drivers:


The growing requirement for acoustic efficiency for increasing cabin comfort in the automobiles sector is one of the major factors driving the growth of the market. Increasing the expansion of the construction industries leads to an expansion of the acoustic materials market which is the primary factor for propelling the demand for acoustic materials. Due to the rising disposable income of consumers in developing regions and the quickening pace of immigration into major cities across the globe are rising the need for constructing new residential construction. As well as commercial construction is also expected to expand in the coming years for the rising number of institutions and increasing demand for entertainment and shopping units like malls and theatres.

As the living standards improve, there is a need of reducing the sound level in several areas such as homes, automobiles, and workplaces which is the major driving factor accelerating the market growth. The rapid industrialization and increasing traffic congestion result in high decibel sound generation are developing the demand for acoustic materials in residential applications for lowering the outdoor noises. 


Restraint:


Growing concerns regarding the overuse of eco-friendly bio-based products over synthetic materials that can substitute for existing acoustic materials are projected to restraint the growth of the market. The raw material prices fluctuations are hampering the growth of the market of acoustic materials.


Opportunities:


Rising the stringent guidelines regarding the reduction of noise pollution by the government agencies has compelled the automotive manufacturers and building & construction industry to implement acoustic materials in their products which is the major opportunity to fuel the acoustic material market growth. Moreover, rising sales of electric vehicles which are eco-friendly and generate less noise are further propelling the growth of the market of acoustic materials.


Challenges:


Installation of substitutes in the noise-control systems like the Active Noise Control (ANC) system which reduces low-frequency noise generated in an interior area of the passenger car is limiting the growth of the global market.


Study Objectives -



  • To provide information about the acoustic materials market structure coupled with various forecast segments and sub-segments for the forecast period.

  • To provide the factors that are impacting the growth of the materials market value.

  • To evaluate the acoustic materials market industry analysis based on porter’s five force analysis, supply chain analysis, etc.

  • To provide history and forecast revenue segments and sub-segments of the acoustic materials market revenue for the five main geographies.

  • To provide the country-level analysis of the present acoustic materials market size and the coming years’ perspective.

  • To provide country-level analysis of the acoustic materials market industry growth by region, material type, product type, end-use, and application.

  • To provide a strategic profile of the prominent companies in the market, analyze their core competencies, statistics, and draw a global materials market growth landscape.

  • To examine the new product developments, strategic alliances, and global market research.


Segment Overview:


The global acoustic materials market has been divided into five segments based on material type, product type, application, end-use industry, and region.


Based on Material Type


The market of the acoustic material types is classified into a few types such as polyurethane (PU) foam, ABS, glass fiber, polypropylene (PP), polyvinyl chloride (PVC), wood, concrete, metal, and others. 


Based on Product Type


The acoustic materials market based on product type is analyzed into various sub-segments such as foam panel, fabric panel, gypsum boards, fiberglass panel, metal walls, concrete walls, and others.


Based on Application


The acoustic materials market applications are categorized into four types as a sound distributor, sound absorber, sound reflectors, and noise barrier.


Based on End-user Industry


The acoustic materials market by end-use industry is bifurcated into a few types as building & construction, automotive, aerospace & defense, and others.


Based on Region


Region-wise, the global acoustic materials market is divided into five main geographies such as North America, Latin America, Asia-Pacific, Europe, and the Middle East & Africa. Among them, Asia-Pacific is holding the largest market share in the review period due to the rapid industrialization and booming automotive & construction industries.


Regional Analysis -


Geographically, the acoustic materials market based on the regions is segmented into five major regions like Europe, Asia-Pacific, North America, Latin America, and the Middle East & Africa. Out of these regions, Asia-Pacific is accounting for the maximum acoustic materials market share in the assessment period owing to the rapid industrialization and booming automotive & construction industries. The presence of high population countries in the Asia-Pacific region and the poor road conditions in most of the areas are resulting in high traffic congestions that create physical and mental health problems. These factors are demanding the requirement of technological innovations for avoiding these problems which fuel the demand for acoustic materials market in this region.


North America is holding the second-largest market share due to the presence of the largest aerospace & defense industry and continuous growth in the construction industry along with a strong GDP per capita of the inhabitants. To avoid the outdoor noise and shift towards comfortable and healthy lifestyles are stimulating them to use acoustic materials which are escalating the market growth in this region. Europe is holding the prominent market share for their stringent government regulations regarding noise isolation and control that leads the key players to adopt acoustic materials in the products of automotive, building & construction, aerospace & defense industries which is accelerating the growth of the market in this region.


Recent Developments


December 2021: Covestro AG, a renowned manufacturer of acoustic materials in Germany, committed to purchase a third of the electricity generated by the 187-MW Weesow-Willmersdorf solar park near Berlin to power two of its German locations. Covestro has contracted 63 megawatts (MW) of the solar park's capacity with German electric utility EnBW Energie Baden-Württemberg AG under a 15-year power purchase agreement (PPA). Beginning in 2022, green power will be transported to the Dormagen and Krefeld-Uerdingen facilities in North Rhine-Westphalia, where it will be used to manufacture plastics from alternative raw materials such as mass-balanced polycarbonates and mass-balanced thermoplastic polyurethanes. Since March, the Weesow-Willmersdorf solar park, which consists of 465,000 solar panels, has been operational. The facility was created without the assistance of the state, and the agreement with Covestro represents the project's first power purchase agreement.

In January 2020
, one of the popular vendors, Nissan introduced a technological innovation of lightweight noise reduction material named acoustic mete material which is formed by using the lattice structure and plastic film. This material just weighs one-fourth of the traditional rubber boards and has a similar degree of sound isolation. Due to the low weight, the fuel efficiency is increased in this type of vehicle.


Report Overview:


This global acoustic materials market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the acoustic materials market drivers, restraints, challenges, and opportunities. The acoustic materials market forecast segments into five forms as material type, product type, application, end-use industry, and region.


Segmentation Table


Globally, the acoustic materials market trends have been segmented into five forms based on the material type, product type, application, end-use industry, and region.


By Material Type


Polyurethane (PU) foam, ABS, glass fiber, polypropylene (PP), polyvinyl chloride (PVC), wood, concrete, metal, and others are the few material types.


By Product Type


Foam panel, fabric panel, gypsum boards, fiberglass panel, metal walls, concrete walls, and others are the few product types.


By Application


Sound distributors, sound absorbers, sound reflectors, and noise barriers are the four applications of the market.


By End-user Industry


Building & construction, automotive, aerospace & defense, and others are the few end-use industries.


By Region


Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa are the five main geographies included in the global market.



Report Scope:

Report Attribute/Metric Details
  Market Size

  • 2018: USD 7.8 Billion
  • 2030: Significant value
  •   CAGR   6.4%(2019–2030)
      Base Year   2019
      Forecast Period   2020-2030
      Historical Data   2018
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Material Type, Product Type Application, End-Use Industry and Region
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   BASF SE (Germany), 3M (US), Dow (US), Covestro AG (Germany), Huntsman International LLC (US), Henkel AG & Co. KGaA (Germany), TORAY INDUSTRIES, INC. (Japan), LyondellBasell Industries B.V. (UK), Sika AG (Switzerland), johns Manville (US), Bayer AG (Germany), Owens Corning (US), ROCKWOOL International A/S (Denmark), and dB Acoustics Pte Ltd (Singapore).
      Key Market Opportunities   The rapid industrialization and the escalating traffic congestion leading to high decibel sound generation is stimulating the demand
      Key Market Drivers   The increasing concern of the government agencies for reducing noise pollution has compelled the building & construction industry and automotive manufacturers


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    Frequently Asked Questions (FAQ) :

    Acoustic Materials Market valuation was USD 7.8 billion.

    The CAGR would be around 6.4% during the forecast period including 2019 to 2025.

    The end users are building & construction, aerospace & defense, automotive, and others.

    The Asia Pacific acoustic materials market had the maximum share.

    The investment in aerospace and defense would drive the market ahead.