Acoustic materials are various wood, fabrics, foams, and boards which have unique property of sound absorption or completely blocking sound transmission. These materials are used for noise reduction and noise absorption. They reduces the energy of sound waves. Acoustic materials play a vital role in the various end-use industries such as building & construction, automotive, aerospace and defense and many others.
MARKET SCOPE
The "Global Acoustic Materials Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the acoustic materials market with detailed market segmentation by material type, end use industry and geography. The report provides key statistics on the market status of the acoustic materials market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
- Based on material type, the global acoustic materials market is segmented into polyurethane foam, polypropylene, polyvinyl chloride, wood, and others
- Based on end use industry, the market is bifurcated into building and construction, automotive, aerospace and defence, and others
MARKET DYNAMICS
Drivers:
- Growing demand from automotive industry is the major driver for the acoustic materials market
- Booming construction sectors in various countries will provide growth opportunities for the market growth
Restraints:
- However, fluctuating raw material prices will hamper the market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The acoustic materials market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the acoustic materials in these regions.
IMPACT OF COVID-19 ON ACOUSTIC MATERIALS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the acoustic materials market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from acoustic materials market are anticipated to lucrative growth opportunities in the future with the rising demand for acoustic materials in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the acoustic materials market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- 3M
- Dow
- Covestro AG
- Henkel AG and Co. KGaA
- Huntsman International LLC
- Sika AG
- TORAY INDUSTRIES, INC
- Alfa Acoustics
- Paramount
- Himalyan Acoustics
- Guangzhou Hui Acoustics Building Materials Co., Ltd
- Noise Barriers
- Kinetics Noise Control, Inc
- Singer Safety Co
- BRD Noise and Vibration Control, Inc.
- Acoustical Surfaces, Inc
- Acoustics First Corporation
- Acoustic Supplies
- Indus Solution
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.