Acoustic Materials Market to Grow with a CAGR of 3.73% through 2028
Growing demand of acoustic materials in marine industry is expected to
drive the Global Acoustic Materials Market growth in the forecast period,
2024-2028
According to TechSci Research report, “Acoustic Materials
Market – Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Global Acoustic Materials Market stood at USD 4.37 million in 2022 and is anticipated to grow with a CAGR of 3.73% in the forecast
period, 2023-2028. The initiatives taken by government based on Acoustic Materials
has led to favorable market conditions for the Global Acoustic Materials Market.
Several factors contribute to the growth of various Acoustic Materials products. Government
regulations play a significant role in driving the demand for acoustic
materials. In many regions, sound control materials are required in various
government facilities, such as secure rooms, testing and conference rooms, gun
ranges, and other spaces. These regulations aim to ensure privacy, security,
and optimal working conditions in these environments. Furthermore, strong
government rules and regulations relating to noise pollution and energy
efficiency have led to an increase in the adoption and launching of acoustic
insulation products. In residential
settings, guidelines have been issued for noise control to enhance the quality
of life for residents. For instance, New York City's Department of
Environmental Protection provides comprehensive guidance on mitigating
residential HVAC noise, which includes advice on the installation of acoustic
materials. These guidelines not only promote peaceful living environments but
also contribute to the overall well-being of individuals and communities.
It is noteworthy
that in some countries, acoustics is being integrated into major infrastructure
strategies to create harmonious environments. For example, in New Zealand,
acoustics is considered a primary factor in the central government's School
Property Strategy 2030. This forward-thinking strategy has informed three major
initiatives to establish and improve school acoustics, highlighting the
paramount importance of acoustic materials in creating conducive learning
environments. By prioritizing acoustics, the government aims to provide
students with optimal conditions for learning and development, recognizing that
noise can significantly impact educational outcomes. The increasing
focus on government regulations, residential noise control guidelines, and the
integration of acoustics in infrastructure strategies reflects the growing
recognition of the vital role that acoustic materials play in enhancing the
quality of our built environment. As awareness continues to expand, the demand
for these materials is expected to rise, driving innovation and advancements in
the field of acoustics.
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Acoustic Materials Market”
Regulatory
bodies worldwide are imposing increasingly stringent rules to limit the noise
levels produced by marine vessels. In response to these regulations, the
International Maritime Organization (IMO) has set specific guidelines for the
control of noise on ships. These guidelines aim to safeguard the health and
well-being of seafarers who are constantly exposed to the noise generated by
these vessels.
To comply with
these regulations, the design and construction of marine vessels now
necessitate the use of specialized acoustic materials. These materials are
carefully selected and incorporated into the structure of the vessels to reduce
noise propagation and ensure a quieter operating environment. As a result,
there has been a significant increase in the demand for acoustic materials, as
shipbuilders and operators strive to meet the noise control requirements
imposed by regulatory authorities.
Furthermore,
acoustic materials also play a crucial role in the operation of sonar systems,
which are widely used in various marine applications such as navigation,
communication, and detection. The performance of these sonar systems greatly
depends on the quality and effectiveness of the acoustic materials utilized.
Therefore, the growing adoption of sonar technologies in the marine industry
has further fueled the demand for high-quality acoustic materials.
In summary, the
combination of regulatory pressure to reduce noise pollution and the increasing
use of sonar technologies in the marine sector has contributed to a significant
rise in demand for acoustic materials. These materials not only help meet the
noise control regulations but also enhance the performance and effectiveness of
sonar systems, making them an integral part of the modern marine industry.
The Global
Acoustic Materials Market is segmented into material type, end user, regional
distribution, and company.
Based on its material type, the PU segment held the
largest share in the market. Polyurethane (PU) is a highly versatile material
renowned for its exceptional sound absorption and attenuation properties. Its
remarkable resistance to heat, fire, chemicals, and fungi, among other factors,
further enhance its suitability for such applications. In addition to these
desirable characteristics, polyurethanes offer the advantage of being readily
available at a low cost in large quantities. This, coupled with their ease of
processing into both rigid and rubber-like products, has contributed to their
widespread use across a multitude of industry verticals. Notably, the
automotive and construction sectors have particularly benefited from the
diverse applications of polyurethanes, thereby driving the continuous growth of
the PU market over the forecast period.
Based on region, Asia Pacific segment is expected to
grow during the forecast period.
The Asia Pacific region, spearheaded by countries like
Japan and China, has witnessed remarkable growth in recent years. This growth
can be primarily attributed to the rapid expansion of industrial activities,
resulting in a significant surge in vehicular traffic. As a consequence, there
has been a heightened awareness about the detrimental effects of noise
pollution, leading to an increased demand for products and solutions across
various industries. The rising concerns over noise pollution have prompted
businesses to explore innovative approaches to mitigate this issue, thereby
driving the market for noise-control products and technologies in the region.
Major companies operating in Global Acoustic Materials
Market are:
- Sika AG
- Rockwool International A/S
- DuPont de Nemours Inc
- Knauf Insulation Ltd.
- 3M Inc.
- BASF SE
- Saint-Gobain Group
- Fletcher Insulation Pty. Ltd.
- dB Acoustics Pte Ltd.
- Bayer AG
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“Growing application of Acoustic Materials in various
end user industries are key drivers of the Acoustic Materials Market. Growth in
competitive landscape and presence of well-established companies in the market
who are dedicated to enhance their productivity of Acoustic Materials with
every passing year are anticipated to register an impressive growth to Global
Acoustic Materials Market in the forecast period.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Acoustic Materials Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Material Type (PP, PE, ABS, PU, PVC, PA, Others), By End User (Construction, Automotive, Marine, Others), By Region and Competition, 2018-2028F”, has evaluated
the future growth potential of Global Acoustic Materials Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Acoustic Materials Market.
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