Acoustic Glass Market - Forecast(2024 - 2030)

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)

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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