PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1498772
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1498772
Fabric-based Acoustics Market size was valued at USD 1,240.32 Million in 2023, expanding at a CAGR of 5.10% from 2024 to 2032.
The use of textiles and fabric materials in the development and application of acoustic solutions for diverse contexts is known as "fabric-based acoustics." Using fabric's ability to absorb, diffuse, or block sound, this method improves a space's acoustic qualities.
Fabric-based Acoustics Market- Market Dynamics
Increasing demand from the commercial sector and residential applications with new design trends are expected to propel market demand
Traditional and modern interiors can easily include a variety of fabric-based acoustics design alternatives. increasing demand for sustainable and environmentally acceptable building materials; many acoustic textiles are composed of natural or recycled fibers. Modern manufacturing techniques provide personalized acoustic solutions that meet unique architectural requirements. Furthermore, as urbanization across cities is rising, there will be a greater number of mixed-use and multi-family homes, where controlling noise pollution is essential for occupant comfort. The high demand for fabrics in residential application for decor and other aesthetic benefits is also estimated to foster market growth.
Fabric-based Acoustics demand is increased by continuous development in fabric quality and new products. Thus, the companies are focused on the creation of novels, improved materials, and composites for sound absorption. New building and remodeling projects are fueled by economic expansion, which creates chances to incorporate acoustic solutions.
Fabric-based Acoustics Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.10% over the forecast period (2024-2032)
Based on Product Type segmentation, the polyethylene terephthalate (PET) segment was predicted to show maximum market share in the year 2023, owing to its high performance in acoustic fabrics.
Based on Application segmentation, the printed textiles segment was the leading Application in 2023, due to the high demand for fabric woolen products.
Based on End User segmentation, the residential segment was the leading End User in 2023, owing to the rise in the demand for fabric materials in residential applications and home renovation demand.
On the basis of region, Europe was the leading revenue generator in 2023, owing to high demand for architectural and old-design fabric products.
The Global Fabric-based Acoustics Market is segmented on the basis of Product Type, Application, End User, and Region.
The market is divided into five categories based on Product Type: polyethylene terephthalate (PET), mineral wool, fiberglass, foamed plastic, and others. The polyethylene terephthalate (PET) segment dominates the market. Increasing demand for specially blended fabric materials with PET is increasing the segment growth.
The market is divided into five categories based on the Application: aluminum frame, printed textile, panels, curtains, and others. The printed textile segment dominates the market. The increasing demand from the textile industry for printed products is inducing market growth.
The market is divided into two categories based on End Users: commercial, and residential. The residential segment dominates the market and is expected to maintain its high dominance during the forecast period. The high benefit of fabric used in the residential sector for wearing, cleaning, and reducing waste is spurring the market growth.
Fabric-based Acoustics Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Europe is a mature market for Fabric-based Acoustics, with a strong demand from both the residential and commercial sectors. Supportive government regulations and investment & financial incentives for small businesses to run are impacting positively on the region's growth. Asia Pacific is projected to grow at the fastest rate during the forecast period.
The Fabric-based Acoustics market is moderately fragmented. market players indulge in strategic activities like product innovation, development, and partnerships to expand their product portfolio and reach across the world. Large multinational corporations, like Saint-Gobain, have also ventured into the fabric-based acoustics sector by utilizing their pre-existing proficiency in materials research and manufacturing. Businesses are spending money on R&D to create cutting-edge acoustic textiles with exceptional sound-absorbing capabilities, all the while emphasizing environmental friendliness and sustainability.
In August 2023, RPG Acoustical Systems announced its plan to expand its marketplace in European countries.
In 2022, Knauf Insulation invested around USD 145.0 million to upgrade its manufacturing facility in Romania.