[URL=https://www.industryarc.com/Report/19702/acoustic-glass-market.html?utm_source=freeprnow&utm_medium=pressrelease&utm_campaign=paidpressrelease]Acoustic Glass Market[/URL] size is forecast to reach US$ 5.5 billion by 2026, after growing at a CAGR of 4.5% during 2021-2026. Acoustic glass also known as soundproof glass is used to avoid penetration of the sound from one side to the other. Also, the increasing usage of such kind of glasses as a means of sound reduction and noise levels in various applications is estimated to drive the market growth. Globally, the growing construction and automotive industries are also driving the demand for acoustic glass panes.Key Takeaways
Asia-Pacific region dominated the acoustic glass market owing to the rising building and construction industry. In the final quarter of 2020 (Q4), Indian construction sector grew by 6.2 % year-on-year (YoY) from a Y-O-Y decrease of 7.2% in the third and 49.4% in Q2 2020, according to the Ministry of Statistics and Program Implementation (MOSPI).
The growing demand for acoustic glasses such as double-glazing glass and laminated glass in overhead or roof glazing, to decrease the sound reduction and noise levels and also to provide insulation from rain impact noise is contributing to the segmental growth of the market.
Moreover, the increasing usage of acoustic glass materials in cars and other automobile vehicles as hood liners, sunscreens, engine decks, firewalls and transmission tunnels, due to their excellent sound absorption and sound reduction qualities are further anticipated to drive the growth of the market.
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Acoustic Glass Market Segment Analysis – By Geography
Asia Pacific region dominated the acoustic glass market with a share of 35% in 2020 and is projected to dominate the market during the forecast period (2021-2026). With the growing number of businesses and startups around the world, the demand for office space is also rising. The emergence and growth of new startups offering co-working office spaces and meeting rooms are expected to drive the acoustic glass market in the near future. Furthermore, the governments of several countries, including China, Japan, Taiwan, and India, are investing a significant portion of their budgets in the construction of infrastructure facilities for businesses. For example, the Government of India has launched the ‘Software Technology Park (STP)' scheme to provide commercial spaces to entrepreneurs.
Acoustic Glass Market Driver
Regulations Limiting Noise Levels would drive Market Growth
Rising Demand for Acoustic Glass in Automotive
Acoustic Glass Market Landscape
Major players in the acoustic glass market are Central Glass Co., Ltd., Carlex, Pilkington,. AGC Inc., Fuyao Glass Industry Group, SYP Glass, Saint-Gobain, Jiangsu Tiemao Glass, Lotus, Others
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