The lightweight acoustic floor systems market value will increase from US$ 3,561.3 Million in 2022 to US$ 6,782.1 Million in 2032. The market, which had a value of 5.2% between 2016 and 21 will grow at a CAGR of 6.7% between 2022 and 2032.
The construction sites, transportation, and other internal and external factors produce sound adding to the noise pollution. The acoustic floor is a different floor or carpet used in such a way that it can control and reduce the noise levels in the area by absorbing the sound waves.
Noise is a harsh sound that can come from many different places. Noise pollution is said to be caused by a variety of sources, including noise from industrial machinery, noise in the workplace, noise from society, and even noise from the neighbors. The use of acoustic materials in acoustic goods makes it easier for users to lower noise levels in the workspace.
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The increasing demand for industrial applications and growing awareness among people about the severity of noise pollution are a few of the causes for the steady increase in the request for the acoustic floor market in the forecast period. Acoustic floors control the transmission of noise and vibration. Installation of acoustic floors in the residential areas also provides a solution for noise control.
What are the Factors Driving the Global Lightweight Acoustic Floor Systems Market?
The presence of strict rules and regulations relating to noise limits in residential buildings, along with an increasing number of commercial buildings is anticipated to enhance demand for lightweight acoustic floor systems. Further, there has been a surged demand for lightweight acoustic floors in industrial projects to dampen the noise generated by structures. Movie theaters, concert halls, music studios, and auditoriums are some of the major consumers of lightweight acoustic floors.
Further, the introduction of environment-friendly acoustic panels is projected to widen the growth prospects of the market during the forecast period. For instance, Shumanet Eco is an eco-friendly fiberglass slab that features a high sound insulation performance. It is used as a middle layer while building frame sound-absorbing and ceiling structures. Such factors are expected to augment the market size in the forecast period.
Recent Key Developments in the Industry Include
- In January 2020, The Stephens Group announced the acquisition of Kinetics Noise Control, Inc., and in conjunction with the transaction, formed a new company, Catalyst Acoustics Group, which will serve as a platform for an elite group of acoustic, vibration, seismic, and noise control companies that offer the broadest portfolio of noise solutions.
- In January 2022, Knauf Insulation signed a contract to acquire a Glass Mineral Wool plant in Central Romania. After concluding the transaction, the plant-based in Târn veni, Mure County will be upgraded to Knauf Insulation’s manufacturing standards.
Leading Key Players:
- Mason UK
- Kinetics Noise Control Inc
- Farrat Isolevel Ltd
- Rockcote Resene Ltd.
- Monarfloor Acoustic Systems Ltd.
- Cellecta Ltd.
- Knauf Insulation
- Saint-Gobain Isover
- Ubiq
- YOSHINO GYPSUM CO., LTD
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