ALBANY, New York, April 21, 2022 (GLOBE NEWSWIRE) -- A study by Transparency Market Research (TMR) states that the acoustics market in the U.S. is estimated to register growth at a CAGR of 5.1% during the forecast period from 2021 to 2031.
Acoustic products are being used in the automotive industry. Moreover, acoustic insulation materials find application in aerospace and marine sectors of the U.S. Hence, rise in product demand from different end-use industries is fueling the sales prospects in the U.S. acoustics market.
Moreover, the expansion of the transportation industry is prognosticated to drive the demand for acoustic insulation products in the near future, notes the TMR study.
Players in the U.S. acoustics market are estimated to gain profitable avenues in the upcoming years, owing to increasing need for generating desired sound effect and reflect sound at different frequencies for varied movies and short films. In addition, growing understanding on the importance of health and physical activity is fueling the sales opportunities in the acoustics market.
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Acoustics are manufactured using a wide range of materials such as stone wool, glass wool, fabric absorbers, acoustic fabrics & insulators, fabric diffusors, fabric dampeners, foamed plastic, fabric noise barriers, fabric soundproofing, fabric ceilings, and fabric wall materials. In the recent years, there has been an increase in the demand for products manufactured using foamed plastic material. This growth can be ascribed to different advantages they offer including their cost-effective nature and superior performance, notes the TMR study on the U.S. acoustics market.
U.S. Acoustics Market: Key Findings
- Surge in investments on the acoustics insulation infrastructure is propelling the U.S. acoustics market. Moreover, the market growth in the nation can be attributed to many factors such as increasing spending on recreational activities, rising inclination among people toward indoor acoustics, and growing disposable income in the country. In addition, the expansion of the construction industry is projected to help in the growth of the U.S. acoustics market during the forecast period.
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- Acoustic materials are being utilized in various end-use industries, including industrial/HVAC & OEM, transportation, and building & construction industries in the U.S. This factor is propelling the U.S. acoustics market. Moreover, rise in the demand for varied acoustic insulation materials such as stone wool, glass wool, fabric absorbers, fabric dampeners, and acoustic fabrics & insulators in a wide range of end-use industries, including manufacturing, transportation, and construction is leading to profitable prospects for acoustics market players in the U.S.
- The U.S. Government is increasing investments in the development of different acoustics complexes. This factor is generating sizable demand opportunities in the U.S. acoustics market. Moreover, the market is being driven by swift advancements in sound and media & entertainment sectors in the nation. With rise in population, there has been surge in construction activities. This factor is resulting in significant sales prospects in the acoustics market.
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U.S. Acoustics Market: Growth Boosters
- Increase in demand for foamed plastic materials in the U.S. is propelling the market
- Developments in construction industry are resulting in promising business avenues in the U.S. acoustics market
U.S. Acoustics Market: Key Players
Some of the key players profiled in the report are:
- Rockwool International
- Saint-Gobain
- Johns Manville
- Knauf Insulation
- Kingspan Group
- Paroc Group
- BASF SE
- Armacell International
- DuPont
- Sika AG
- Owens Corning
- Primacoustic
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U.S. Acoustics Market Segmentation
Material
- Glass Wool
- Stone Wool
- Acoustic Fabrics & Insulators
- Fabric Absorbers
- Fabric Dampeners
- Fabric Diffusers
- Fabric Noise Barriers
- Fabric Ceilings
- Foamed Plastic
- Fabric Soundproofing Materials
- Fabric Wall Materials
- Others (Pulp Board and Cork Board Slabs)
End-use
- Building & Construction
- Residential
- Commercial
- Industrial / HVAC & OEM
- Transport
State
- Florida
- Georgia
- North Carolina
- South Carolina
- Tennessee
- Virginia
- Maryland
- Alabama
- Kentucky
- Mississippi
- Rest of U.S.
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