Thriving Construction Sector in Asia Pacific to Fuel Global Acoustic Market

The global acoustic market, the market that features a variety of material used for soundproofing, and controlling and eliminating noise, is treading along a steady growth path. Vast rise in demand across a number of end-use sectors owing to stringent regulations demanding adherence to ways of bringing down the level of sound pollution in residential, commercial, as well as industrial sectors are contributing to the healthy growth prospects of the market.

In a recent report, Transparency Market Research states that the global acoustics market will exhibit a healthy CAGR of 5.85% over the period between 2017 and 2025, rising to an opportunity of US$16,320.09 mn by 2025 from US$9,881.21 mn in 2016.

In this blog TMR analysts discuss some of the market’s most crucial aspects surrounding its present state of development and its potential future scope of growth:

What factors are chiefly contributing to the growth of the market?

The global acoustics market is chiefly benefitting from government regulations put in place with the view of curbing noise pollution. Such regulations are compelling building owners to insulate residential and commercial setups with acoustic materials of a variety of kinds according to the required applications. While developed economies already have such regulations in place, developing economies are also steadily adopting a variety of acoustic materials for bringing down levels of noise pollution. An instance is the Energy Conservation Building Code in the state of Andhra Pradesh in India. The code requires that commercial buildings are equipped with ways of reducing energy consumption and reducing noise pollution.

Which end-use sector provides maximum scope of development for the acoustic market?

Acoustic materials find extensive usage in end-use sectors such as building and construction, industrial, automotive, transport, marine, and aerospace. Of these, the segment of building and construction is presently the leading shareholder of the global acoustic market. Holding a massive 60% of the overall market in 2016, the overall growth of this segment and its rate of consumption of acoustic material proved to be a key determinant of the overall development of the global acoustic market in the said year. The building and construction segment is expected to remain the leading contributor of revenue to the global market as well as the key opportunity of expansion for companies operating in the acoustic market.

Geographically, how are opportunities dispersed in the global acoustic market?

From a geographical standpoint, the global acoustic market witnesses the most promising growth opportunities in the Asia Pacific region. Several factors are attributed Asia Pacific’s leading position in the global acoustic market, including the thriving construction and transportation sectors. With a number of emerging economies and rapidly expanding populations, the region features massive growth opportunities in the field of new building construction and infrastructure development.

With increasingly stringent rules regarding noise pollution control, the region is expected to continue to provide encouraging growth opportunities to the global acoustic market in the near future as well. Also, China is one of the most promising individual markets for acoustic materials across the globe, which further contributes to the overall scope of development of the Asia Pacific acoustic market. 


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