Acoustic Materials Market Size

Global Acoustic Materials Market Overview

Acoustic Materials Market Size was valued at USD 3.1 Billion in 2023 and is projected to grow from USD 3.3 Billion in 2024 to USD 4.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.30% during the forecast period (2024 - 2032). 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 are the key market drivers enhancing market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Acoustic Materials Market Trends

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  Growing construction industries to boost market growth

  
  

The growing construction industry is one of the key factors driving the acoustic materials market. Acoustic materials are used in the construction industry to improve the acoustic performance of buildings, reduce noise pollution, and provide a more comfortable and safe environment for occupants. The increasing demand for energy-efficient and eco-friendly buildings is also driving the demand for acoustic materials. These materials help to improve the energy efficiency of buildings by reducing the amount of heat loss or gain through walls, roofs, and floors, while also improving the acoustic insulation.

The automotive industry is another key end-user of acoustic materials, as they are used to reduce noise and vibration in vehicles, providing a quieter and more comfortable ride for passengers. The demand for electric vehicles, which are typically quieter than traditional gasoline or diesel-powered vehicles, is also driving the demand for acoustic materials. Additionally, the growth of the aerospace industry, particularly in emerging markets, is expected to drive the demand for acoustic materials. Acoustic materials are used in aircraft to reduce noise levels in the cabin and to improve the safety and comfort of passengers and crew. Therefore, such factors related to Acoustic Materials have enhanced the Acoustic Materials market CAGR across the globe in recent years.

In 2024, acoustic treatment brand Autex Acoustics has offered a collection of its sound-dampening items on Dezeen Showroom, including panels that resemble wood and stone. Travertine and marble have been employed in ornamentation for thousands of years, and they are still popular finishes in contemporary interior design schemes. Autex Acoustics capitalized on this continuing trend with their Stone series, which includes acoustic panels that blend the appearance of veined stone with sound-absorbing properties.

Acoustic Materials Market Segment Insights

Acoustic Materials Material Type Insights

The Acoustic Materials Market segmentation, based on material type, includes Polyurethane (PU) Foam, Glass Fiber, ABS, Polypropylene (PP), Polyvinyl Chloride (PVC), Wood, Concrete, Metal, and Others. The Glass Fiber segment held the majority share in 2022 of the Acoustic Materials Market revenue. Glass fiber is one of the most widely used materials for acoustic applications. Glass fiber is a lightweight, strong, and durable material that has excellent sound-absorbing properties, making it ideal for use in acoustic insulation products.

Acoustic Materials Type Insights

The Acoustic Materials Market segmentation, based on type, includes Fabric Panels, Foam panels, Fiberglass panels, Gypsum Boards, Concrete Walls, Metal Walls, and Others. The Fiberglass panels segment held the majority share in 2022.  Fiberglass panels are commonly used in the construction industry as they provide excellent sound absorption and insulation. They are lightweight, easy to install, and can be customized to fit different architectural designs.

Acoustic Materials Application Insights

Based on application, the Acoustic Materials Market segmentation includes Sound Absorber, Sound Distributor, Noise Barrier, and Sound Reflectors. The Sound Absorber segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2023-2030. sound absorption is one of the most widely used applications for acoustic materials. Sound absorbers are used to reduce unwanted noise and echo in a variety of environments, such as offices, concert halls, and vehicles. These all factors for Acoustic Materials positively impact the market growth.

Figure 2: Acoustic Materials Market, by Application, 2022 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Acoustic Materials Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is currently the largest market for acoustic materials, and it is expected to continue to hold the largest market share in the future. The growth of the construction industry, increasing urbanization, and rising demand for acoustic materials in various end-use applications such as transportation, building & construction, and industrial & manufacturing facilities are some of the key factors driving the growth of the acoustic materials market in the Asia-Pacific region.

Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil

Figure 3: ACOUSTIC MATERIALS MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s Acoustic Materials market accounts for the third-largest market share. In Europe, the growth of the acoustic materials market is driven by factors such as the increasing demand for noise reduction solutions in residential and commercial buildings, stringent government regulations for noise control in various industries, and the growth of the automotive and transportation sectors. The presence of major acoustic material manufacturers and suppliers such as Saint-Gobain S.A. and Rockwool International A/S in the region is also contributing to the growth of the market. Further, the Germany Acoustic Materials market held the largest market share, and the UK Acoustic Materials market was the fastest-growing market in the European region.

North America, Acoustic Materials market, is expected to grow at the fastest CAGR from 2023 to 2030. In North America, the growth of the acoustic materials market is driven by factors such as the increasing demand for eco-friendly and energy-efficient buildings, the rising focus on reducing noise pollution, and the growth of the automotive and aerospace industries. In addition, the presence of major manufacturers and suppliers of acoustic materials, such as Owens Corning and 3M Company, in the region is also contributing to the growth of the market. Moreover, the U.S. Acoustic Materials market held the largest market share, and the Canada Acoustic Materials market was the fastest-growing market in the North American region.

Acoustic Materials Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Acoustic Materials market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Acoustic Materials industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Acoustic Materials. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Acoustic Materials industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Acoustic Materials industry to benefit customers and expand the market sector. Major Acoustic Materials market players, including BASF SE, 3M, Dow, Covestro AG, Huntsman International LLC, Henkel AG & Co. KGaA, TORAY INDUSTRIES, INC., LyondellBasell Industries B.V., Nissan, johns Manville, Bayer AG, Owens Corning, ROCKWOOL International A/S, and dB Acoustics Pte Ltd, and others, are attempting to increase market demand by funding R&D initiatives.

BASF SE is a German multinational chemical company. BASF operates in six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment produces basic chemicals, intermediates, and specialties such as solvents, plasticizers, and monomers. The Materials segment produces plastics, foams, and urethane systems for the automotive, construction, and appliance industries. The Industrial Solutions segment produces coatings, performance materials, and specialty chemicals for various industries including construction, automotive, and energy. The Surface Technologies segment produces coatings, catalysts, and battery materials for various applications. The Nutrition & Care segment produces ingredients for the food, feed, and personal care industries. The Agricultural Solutions segment produces crop protection products and seeds.

Covestro AG is a German-based company that produces and supplies high-tech polymer materials, including polyurethanes, polycarbonates, and raw materials for coatings, adhesives, and specialties. Covestro's product portfolio includes materials for a wide range of industries, such as automotive, construction, electronics, sports and leisure, and healthcare. The company is focused on developing sustainable and innovative solutions, including the use of renewable raw materials and recycling technologies.

Key Companies in the Acoustic Materials market includes

• BASF SE


• 3M


• Dow


• Covestro AG


• Huntsman International LLC


• Henkel AG & Co. KGaA


• TORAY INDUSTRIES, INC.


• LyondellBasell Industries B.V.


• Nissan


• Johns Manville


• Bayer AG


• Owens Corning


• ROCKWOOL International A/S


• dB Acoustics Pte Ltd among others

Acoustic Materials Industry Developments

December 2021: Covestro AG, a renowned manufacturer of acoustic materials in Germany, committed to purchasing a third of the electricity generated by the 187-MW Weesow-Willmersdorf solar park near Berlin to power two of its German locations.

January 2020: Nissan announced the introduction of new, lightweight noise-reducing technology.

Acoustic Materials Market Segmentation

Acoustic Materials Type Outlook

• Polyurethane (PU) Foam


• Glass Fiber


• ABS


• Polypropylene (PP)


• Polyvinyl Chloride (PVC)


• Wood, Concrete


• Metal


• Others

Acoustic Materials Product Type Outlook

• Fabric Panels


• Foam Panels


• Fiberglass panels


• Gypsum Boards


• Concrete Walls


• Metal Walls


• Others

Acoustic Materials Application Outlook

• Sound Absorber


• Sound Distributor


• Noise Barrier


• Sound Reflectors

Acoustic Materials Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America