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Market Overview of Global Construction Acoustic market:
According to our latest research, the global Construction Acoustic market looks promising in the next 5 years. As of 2022, the global Construction Acoustic market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
Sound insulation is extremely important for a comfortable life, whether in a residential or office environment. Since sound will always find the weakest link, using Construction Acoustic Insulation products rated for sound insulation can greatly improve noise levels. The Construction Acoustic Insulation market company offers a wide range of innovative products that stop the transmission of sound through walls, floors and ceilings. Construction Acoustic Insulation products protect people from noise pollution and enhance comfort and privacy.
Influence of COVID-19 Outbreak on Construction Acoustic Insulation Industry Development
More than a million people in the United States have died from COVID-19 since the outbreak began, and the death toll continues to rise. At present, the U.S. economy continues to recover, but due to the interruption of the supply chain, the uncertainty of the epidemic has increased, the uncertainty of the U.S. economic recovery has increased, and the recovery momentum has weakened. It's the worst global recession in decades, despite enormous efforts by the U.S. government to fight it, backed by fiscal and monetary policy. But in the longer term, the deep recession triggered by the pandemic is expected to lead to a prolonged economic downturn by reducing investment. The recession could get worse if the COVID-19 outbreak continues, if mobility restrictions are prolonged or reintroduced, or if there is a prolonged disruption to economic activity. Businesses may struggle to repay debt, increased risk aversion could lead to higher borrowing costs, and bankruptcies and defaults could lead to national financial crises.
Drivers
People are increasingly aware of the dangers of noise pollution
According to relevant scientific research, long-term exposure to noise will bring many adverse factors to people's physical and mental health. These can include sleep disturbances, hearing loss, annoyance, stress risk, negative effects on the cardiovascular and metabolic systems, and cognitive impairment in children. At present, with the continuous improvement of people's living standards and the increasing awareness of the health hazards of noise pollution, people are more inclined to choose buildings with high-quality sound insulation capabilities, which leads to an increasing demand for Construction Acoustic Insulation products in the construction market . Therefore, for the industry market, people are increasingly aware of the hazards of noise pollution, which is one of the driving factors driving the development of the Construction Acoustic Insulation industry.
Limitations
Raw Material Price Fluctuations
The main raw materials required for the company's production are basalt, dolomite, waste glass, borax, adhesives, etc. The supply of main raw materials and the risk of price fluctuations will have a significant adverse impact on the company's continued profitability. The industry characteristics of Construction Acoustic Insulation manufacturers make them rely on major suppliers for raw material procurement. If there are adverse changes in the cooperation relationship between the company and these major suppliers, or adverse changes in the operating and financial conditions of the major suppliers, it may cause the company to be unable to purchase normal quantities in a timely and sufficient manner. At the same time, fluctuations in the prices of raw materials will also have an impact on the company's production costs. If the price of raw materials rises, it will cause the production cost of Construction Acoustic Insulation to rise and reduce the profit margin of the product. The company's production and operation plan will be adjusted. All in all, the price fluctuation of raw materials is one of the risks faced by industry companies.
Company Overview:
Owens Corning
Owens Corning develops, manufactures and sells insulation, roofing and fiberglass composites. Owens Corning leverages its deep expertise in materials, manufacturing and building science to develop products and systems that save energy and improve comfort in commercial and residential buildings.
Saint-Gobain
Saint-Gobain was founded in 1665. Saint-Gobain designs, manufactures and distributes materials and solutions. Saint-Gobain focuses on building materials and solutions, building products, flat glass, building materials and high-performance materials.
Owens Corning is one of the major players operating in the Construction Acoustic market, holding a share of 12.65% in 2022.
Segmentation Overview:
Rock Mineral Wool
Rock Mineral Wool is made by spinning molten rock and minerals with steel slag to make cotton candy-like wool products.
Glass Mineral Wool
Glass Mineral Wool is an insulating material made of glass fibers that have been arranged using a binder to resemble wool.
Plastic Foam
Plastic Foam refers to the conversion of synthetic resin into a sponge-like substance with closed or open cell structure.
Acoustic Fabrics
Acoustic fabrics are often used to absorb sound or as coverings for acoustic panels.
Acoustic Wood
Wood has been a material of choice for acoustic performance. Wood produces sound by direct striking and it amplifies or absorbs sound waves.
Acoustic Metal
Metal Acoustic products are made of metal, such as aluminum and steel. The perforated metal allows sound waves to enter the absorbing material where a portion is transformed from sound energy to heat.
By type, Rock Mineral Wool segment accounted for the largest share of market in 2021.
Application Overview:
Residential
It refers to the application of products on ceilings, walls and other places of residential buildings to reduce noise pollution.
Commercial
It refers to the application of products on ceilings, walls and other places of commercial buildings to reduce noise pollution. Commercial buildings include corporate workplaces, cinemas, auditoriums, KTVs, hospitals, and more.
The market's largest segment by application is the segment Commercial, with a market share of 78.58% in 2021.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Construction Acoustic market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Construction Acoustic Market Report:
Market Size Estimates: Construction Acoustic market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Construction Acoustic market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Construction Acoustic market
Segment Market Analysis: Construction Acoustic market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Construction Acoustic market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Construction Acoustic Market: Revenue and sales volume of major countries in each region
Construction Acoustic Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Construction Acoustic market in major regions.
Construction Acoustic Industry Value Chain: Construction Acoustic market raw materials & suppliers, manufacturing process, distributors, downstream customers
Construction Acoustic Industry News, Policies & Regulations
Key players in the global Construction Acoustic market are covered in Chapter 12:
Johns Manville
Knauf Insulation
MBI Products Company
Acoustical Solutions
Eckel Industries
Owens Corning
3form
Armstrong World Industries
Sound Seal
G&S Acoustics
Saint-Gobain
Conwed
In Chapter 2 and Chapter 15.1, based on types, the Construction Acoustic market from 2018 to 2028 is primarily split into:
Rock Mineral Wool
Glass Mineral Wool
Plastic Foam
Acoustic Fabrics
Acoustic Wood
Acoustic Metal
Others
In Chapter 3 and Chapter 15.2, based on applications, the Construction Acoustic market from 2018 to 2028 covers:
Residential
Commercial
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Construction Acoustic market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028