Acoustic Glass Market - Forecast(2023 - 2028)

Report Code: CMR 1418 Report Format: PDF + Excel

Acoustic Glass Market Overview

Acoustic Glass Market 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. Furthermore, increased investment in commercial and residential infrastructure will further support the growth of the market for acoustic glass. The growing urbanization and participation of foreign direct investment in the construction of buildings are further estimated to drive the acoustic glass market.

Impact of Covid-19

The global acoustic glass industry has been severely influenced by the COVID-19 pandemic. In the fiscal year 2020, sales for acoustic glass for major applications such as construction and transportation, due to the pandemic in different parts of the globe severely declined. Also, factors such as declination in the number of new construction projects as well as the temporary shutdown of factories leading to less production of automotive have declined the market growth.

Report Coverage

The report “Acoustic Glass Market– Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the acoustic glass market.
By Raw Material: Silica Sand, Feldspar, Calcined Alumina, Dolomite, Limestone, Soda Ash, Nepheline, Glass Cullet, Chromite, Iron Oxide, Manganese, and Others
By Type: Double-Glazing Glass and Laminated Glass
By Application: Residential, Commercial, Transportation, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia and New Zealand, Taiwan, Indonesia, Malaysia, and Rest of Asia Pacific),South America (Brazil, Argentina, Colombia, Chile and Rest of South America), and RoW (Middle East and Africa)

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.

Figure: APAC Acoustic Glass Market Revenue, 2020-2026 (US$ Billion)

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Acoustic Glass Market Segment Analysis - By Raw Material

Soda ash held the largest share in the acoustic glass market in 2020. Soda ash is used to manufacture soda-lime silica glass, which is the most common type of glass. Because soda ash naturally lowers melting temperatures and its alkali efficiently promotes the shape of the glass item, it is employed as the major ingredient. Soda ash is an important raw material because it lowers the furnace temperature required to melt the silica, lowering the energy required to make glass. With the implementation of new technical and functional requirements for acoustic glass products by the construction, automotive, and consumer packaged goods industries, the demand for high-quality soda ash is estimated to increase. Increasing demand for soda ash owing to its alluring properties is estimated to drive the growth of the market.

Acoustic Glass Market Segment Analysis - By Type

Laminated glass held the largest share in the acoustic glass market in 2020. Laminated glass is created by bonding one or two layers of glass together with a layer of resin, most commonly polyvinyl butyral (PVB). Laminated glass has a wide range of applications in both residential and commercial settings due to its strength and shatterproof quality. The safety feature of laminated glass is extremely useful in areas that require high security, such as banks, money exchange centers, jewelry stores, museums, and art galleries. These type of glasses can also be used in prisons to help protect both the facility and the prisoners. Laminated glass can be used to make bulletproof glass due to its high resistance. With rising levels of crime and terrorism in urban areas, bulletproof glass can save lives. It can also be used to add another layer of security in places of national and international importance. Thus, the rapidly rising demand for laminated glass due to its attractive properties is anticipated to drive market growth.

Acoustic Glass Market Segment Analysis - By Application

Commercial segment held the largest share in the acoustic glass market in 2020 and is anticipated to grow at a CAGR of 4% during the forecast period 2021-2026. With alarmingly high noise levels, city dwellers yearn for a peaceful and calm environment. Noise-free environments are essential for reducing mental fatigue. Soundproof glass (or acoustic glass) windows in commercial buildings can help to keep unwanted noise levels or pollution at bay. The increasing usage of soundproof glass windows in commercial buildings can help increase occupant productivity. Thus, in commercial buildings such as healthcare facilities, hotels and restaurants, banks, museums, and other various types of building the requirement for acoustic glass for sound reduction and noise levels is estimated to increase. Currently, the rise in new construction activities is estimated to drive market growth. For instance, the Ministry of Culture, Sports, and Tourism wants to double the proportion of the population that engages with museums. Thus, due to which the government is aiming to open 183 new museums by 2023. Also, in July 2020, Bulgari has signed an agreement for a new hotel in the center of Rome, scheduled to open in 2022. Thus, with the rising growth of commercial buildings, the acoustic glass market is anticipated to rise over the forecast period.

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. The Government of India would build incubation centers and office spaces for technology startups under this scheme, which would boost demand for acoustic glass during the forecast period. Rapidly rising investments in the commercial construction sector would further drive the growth of the industry over the forecast period.

Acoustic Glass Market Driver

Regulations Limiting Noise Levels would drive Market Growth.

Since the beginning of industrialization, people have been harmed by noise pollution. It has been linked to hearing loss, sleep disturbances, stress, and heart disease. In the last two to three years, there has been an increase in public spending on health. This pattern is expected to continue in the coming years. Acoustic insulation materials, such as glass, are widely used by various industry participants to reduce the negative effects of noise pollution on employees. Thus, regulations limiting noise levels are estimated to raise the adoption of acoustic glass over the forecast period. For instance, the Occupational Noise Exposure Regulation requires industrial employers to limit their employees' noise exposure to 90 decibels (dB) (A) in the United States. The implementation of such regulations tends to increase the use of acoustic insulation materials in the United States.

Rising Demand for Acoustic Glass in Automotive

The growing production of automotive is estimated to drive the acoustic glass market in the upcoming years. Today's technology focuses on developing efficient glass solutions that combat noise penetration caused by the sound of a car's engine, air, and other external factors. The drop in noise levels inside the vehicle is quite noticeable while using acoustic laminated glass. This can result in decreased stress, improved concentration, and a much more positive mood. Increasing the use of acoustic glass in automobile windshields to provide maximum protection in the event of an accident has raised the demand for acoustic glass. Moreover, with the rising production of automotive in various countries, the demand for acoustic glass is also anticipated to rise. For instance, according to the OICA the production of cars in Belgium, Italy, Argentina, China, and India, increased by 18.5%, 20.8%, 33.0%, 83.1%, and 27.2% respectively in Q1 2021 (Jan –March). With the increasing demand for acoustic glass in the automotive industry, the market is set to rise in the projected period.

Acoustic Glass Market Challenges                                                         

Lack of Repair and Temperature Regulation

Repairing acoustic glass can be difficult and costly. Broken or damaged double-glazed units cannot be repaired. One has to replace the broken unit with a new one. Also, acoustic glass units are useful in the winter because they keep heat inside and prevent it from escaping. However, in the summer of a tropical country, this trapped heat can cause interiors to overheat. This creates an unpleasant environment and raises the cost of air conditioning. Thus, a lack of repair and temperature regulation will further impact the growth of the acoustic glass market.

Acoustic Glass Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the acoustic glass market. 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

Acquisition/Product Launches

In January 2020, Lotus introduced its brand new laminate glass for acoustic sliders with colored, translucent, patterned, mirrored, and even printed graphics.

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1. Acoustic Glass Market - Market Overview
    1.1 Definitions and Scope
2. Acoustic Glass Market - Executive Summary
    2.1 Key Trends by Raw Material
    2.2 Key Trends by Type
    2.3 Key Trends by Application
    2.4 Key Trends by Geography
3. Acoustic Glass Market - Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Acoustic Glass Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Acoustic Glass Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis - Major Companies
6. Acoustic Glass Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of substitutes
7. Acoustic Glass Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Product/Market life cycle
    7.4 Distributors Analysis - Major Companies
8. Acoustic Glass Market – By Raw Material (Market Size -$Million)
    8.1 Silica Sand
    8.2 Feldspar
    8.3 Calcined Alumina
    8.4 Dolomite
    8.5 Limestone
    8.6 Soda Ash
    8.7 Nepheline
    8.8 Glass Cullet
    8.9 Chromite
    8.10 Iron Oxide
    8.11 Manganese
    8.12 Others
9. Acoustic Glass Market – By Type (Market Size -$Million)
    9.1 Double-Glazing Glass
    9.2 Laminated Glass
10. Acoustic Glass Market – By Application (Market Size -$Million)
    10.1 Residential
        10.1.1 Independent Houses
        10.1.2 Apartments
        10.1.3 RoW Houses
    10.2 Commercial
        10.2.1 Office Buildings
        10.2.2 Healthcare Facilities
        10.2.3 Hotels and Restaurants
        10.2.4 Concert Halls and Museums
        10.2.5 Educational Institutes
        10.2.6 Others
    10.3 Transportation
        10.3.1 Automotive
            10.3.1.1 Passenger Cars
            10.3.1.2 Light Commercial Vehicles
            10.3.1.3 Heavy Commercial Vehicles
        10.3.2 Aerospace
        10.3.3 Marine
        10.3.4 Locomotive
    10.4 Others
11. Acoustic Glass Market - By Geography (Market Size -$Million)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of Asia Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 ROW
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of South Africa
12. Acoustic Glass Market - Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Acoustic Glass Market - Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level- Major companies
    13.3 Market Share by Key Region- Major companies
    13.4 Market Share by Key Country- Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category- Major companies
14. Acoustic Glass Market - Key Company List by Country Premium Premium 
15. Acoustic Glass Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"