U.S. Acoustics Market Continues to Grow at a CAGR of 5.1 % During the Forecast Period of 2021-2031

 U.S. Acoustics Market: Introduction

Transparency Market Research delivers key insights on the U.S. acoustics market. In terms of revenue, the U.S. acoustics market in the U.S. is estimated to expand at a CAGR of 5.1% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the U.S. acoustics market.

The U.S. acoustics market is broadly affected by factors including rise in awareness about noise pollution and government’s policies to reduce noise pollution. According to the World Health Organization, environmental noise contributes to 48,000 new cases of ischemic heart disease a year as well as 12,000 premature deaths. The pollution caused during manufacture, installation, and high noise pitch are adversely affecting the environment as well as human health. This is likely to hinder the U.S. acoustics market during the forecast period.

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U.S. Acoustics Market: Dynamics

Increase in demand for acoustics in various end-uses such as building & construction, industrial/HVAC & OEM, and transportation is expected to drive the U.S. acoustics market during the forecast period. In the building & construction industry, the residential construction sector is the largest consumer of acoustics materials.

The demand for acoustics insulation in the U.S. has been rising, owing to the need for sound insulation in various industries. Office spaces, production houses, industrial units, libraries, and study areas need to have sound-proof doors, windows, and ceilings. This has created commendable demand for acoustics in the U.S. Furthermore, availability of a wide range of sound insulation materials such as foaming plastic, stone wool, fabric absorbers, fabric noise barriers, and fabric ceilings has boosted the U.S. acoustics market. The U.S. acoustics market is estimated to expand significantly due to advancements in entertainment, sound, and media industries. The need to create a desired sound effect and reflect sound at varying frequencies for movies and short films is another factor boosting the acoustics market in the U.S.

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The U.S. Government and the private acoustics industry are investing significantly in acoustics complexes. The growth in public awareness about the link between physical activity and health is also projected to drive the demand for acoustics materials. There has been a significant rise in participation in indoor acoustics activities in the U.S. over the past few years. This can be ascribed to the growth in household income and rise in expenditure on recreational activities.

In 2020, two game changing shifts affected the U.S. acoustics industry: the COVID-19 pandemic and the social justice movement. Increase in awareness about health and government’s policies to promote physical activities are anticipated to drive the overall physical activity market in the country. In 2020, the U.S. acoustics market was valued at US$ 1,159.6 Mn and is estimated to reach US$ 1,961 Mn by 2031.

Florida is the largest segment of the U.S. acoustics market; infrastructure investment is high in the region. The region is also a major hub of industrial and manufacturing activities. The segment is estimated to expand at a CAGR of 3.5% during the forecast period. Separately, Mississippi is witnessing highest growth standards. This has led to a high growth potential in the acoustics market in the state, not only in terms of automobile purchase, but also the transportation of consumer goods.

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U.S. Acoustics Market: Key Players

The degree of competition was high in the U.S. acoustics market in 2020, as large numbers of players operate in the market. Multinational and national players operate in the U.S. acoustics market. These are well-established companies with presence in the U.S. Scale of operations, brand value, and readiness to adapt to changing market dynamics determine the profitability and share of players.

Key players operating in the U.S. acoustics market are Saint-Gobain, Rockwool International, Knauf Insulation, Johns Manville, Paroc Group, Kingspan Group, Armacell International, BASF SE, Sika AG, DuPont, Primacoustic, and Owens Corning.

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