Carbon Materials In The Sound Absorption Field Market - Forecast(2024 - 2030)

Report Code: CMR 1642 Report Format: PDF + Excel

Overview

The carbon materials in the sound absorption field market size is forecast to reach USD 130.42 billion by 2030, after growing at a CAGR of 1.51% during 2024-2030. Due to the rise in noise pollution worldwide, the construction sector is using more soundproofing materials in offices and personal spaces, which is driving the carbon materials in the sound absorption field market's revenue growth. The development of lightweight and high-performance materials is a growing trend in the sound absorption field market, especially for carbon materials. For instance, in 2022, a global group of researchers from the University of Glasgow developed a new lightweight, 3D-printed smart-designed substance modeled after the cellular forms of natural materials. Additionally, carbon materials offer high performance in terms of sound absorption due to their unique microstructure and porosity, which allow them to effectively dampen sound waves. 
Consumers are becoming more conscious of the detrimental effects of noise pollution on their health and well-being as urbanization and industrial activity increase. The demand for sound absorption materials is being driven by organizations, governments, and individuals looking for more efficient ways to reduce noise levels in a variety of settings. For instance, in July 2021, Bath University researchers developed an insulating material based on graphene that has the potential to reduce noise from aircraft by 80% and the lightest sound insulation ever produced is the graphene oxide-polyvinyl aerogel, which weighs 2.1 kg per cubic meter.


Report Coverage
The report “Carbon Materials in the Sound Absorption Field Market– Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of carbon materials in the sound absorption field market.
By Type: Graphite, Carbon Black, Activated Carbon, Carbon Fiber, Activated Carbon Fiber, Carbon Nanotubes, Graphene, Glassy Carbon, Others
By Application: Aerospace, Electronics, Automotive, Construction, Others
By Geography:  North America, South America, Europe, Asia-Pacific, RoW


Key Takeaways

  • Nanomaterial advancements are revolutionizing sound absorption trends by offering new possibilities for creating materials with superior acoustic properties. For instance, in 2019, according to the Royal Society of Chemistry, the advancements in acoustic gadgets have significantly surmounted the constraints of traditional acoustic sensors concerning sensibility, flexibility, photostability, and in vivo application by utilizing nanoparticles.  Furthermore, a detailed introduction is given to the nanomaterial-enabled acoustic devices (NEAD's) operating mechanism and basic acoustic ideas.
  • There is a growing awareness of the benefits of carbon materials in sound absorption. Carbon materials, such as carbon nanotubes and graphene, have unique properties that make them effective in absorbing sound waves and reducing noise pollution. These materials have high strength-to-weight ratios, excellent thermal conductivity, and the ability to tune their acoustic properties, making them ideal for sound absorption applications. As awareness of the environmental impact of noise pollution grows, there is an increasing focus on developing sustainable and eco-friendly solutions to mitigate noise in various settings, such as residential, commercial, and industrial environments.
  • Carbon materials in the sound absorption field market are in high demand in modern construction projects to meet acoustic requirements. According to Invest India, the Indian construction market is projected to reach $1.4 trillion by 2025, with a notable increase in capital investment outlay. With a notable increase in capital investment outlay in the construction sector, there will likely be a higher demand for advanced sound absorption solutions to address acoustic challenges in buildings and infrastructure projects.


By Type - Segment Analysis
Activated carbon dominated the carbon materials in the sound absorption field market in 2023. Activated carbon is extensively utilized in the sound absorption field due to its unique properties. Various studies have highlighted the effectiveness of activated carbon materials in reducing the resonant frequency of sound. According to Trade statistics, the world import value of activated carbon has surged from $2,726.223 million in 2020 to $3,702.889 million in 2022. Enhancements in activated carbon technology have spurred the development of activated carbon fiber materials and emerged as a novel engineering resource. They have gained extensive traction across the aviation and electronics sectors. Notably, they boast environmental friendliness, offering strong renewability and minimal consumption, alongside being lightweight.


By Application - Segment Analysis
Aerospace dominated the carbon materials in the sound absorption field market in 2023. These materials are integrated into various components of the cabin interior to dampen sound and improve the acoustic environment for passengers. With the growth of the aerospace industry, particularly in the US and Canada, the demand for sound-absorbing materials is projected to increase. For instance, according to the Aerospace Industries Association (AIA), In the US, the aerospace and defense industry generated $391 billion in economic value in 2022, representing 1.7% of the total nominal GDP. In Canada, the aerospace industry contributed over $27 billion to the GDP in 2022 as stated by the Aerospace Industries Association of Canada. This highlights the substantial economic scale of the aerospace sector in the US economy.


By Geography - Segment Analysis
North America dominated the carbon materials in the sound absorption field market in 2023. In the United States, noise pollution is regulated through various laws and acts. For instance, the Noise Control Act of 1972 establishes a national policy to promote an environment free from noise that jeopardizes the health and welfare of Americans. Under the Clean Air Act, the EPA investigates and studies noise and its effects on public health and welfare. By incentivizing the adoption of insulation materials and other soundproofing technologies, policymakers seek to create quieter living and working spaces for their citizens, thus driving the market for high-quality sound absorption solutions in the US. In addition to that, most of the significant global market vendors are US-based, which provides an upper hand to the North American region.
In Canada, the Canadian national standard has been defined to address acoustics in schools, colleges, universities, libraries, and other centers of learning. University classrooms in Canada are acoustically sensitive settings that rely heavily on vocal communication for teaching and learning. Since Canada considers addressing acoustic problems in educational buildings as an essential area for improvement, the carbon materials in the sound absorption field market is likely to grow. For example, Alberta's TDR sets more comprehensive acoustic performance criteria. The maximum allowable reverberation time (RT) in classrooms is 0.60 seconds. Outside of classrooms, Alberta's TDR requires common areas to have ceilings with a minimum NRC of 0.70, which provides good sound absorption in these active gathering spots. Music practice rooms must have even better sound-absorbing ceilings with a minimum NRC of 0.80.


Drivers – Carbon Materials in the Sound Absorption Field Market
 

•    The Growing Concerns over Noise Pollution and the Increasing Regulations Regarding Noise Levels
As noise pollution becomes a more pressing issue, industries and individuals are investing in technologies and materials to mitigate sound levels. Carbon materials, known for their excellent sound absorption properties, are being increasingly utilized in various applications to address this concern.  For instance, the European Environment Agency (EEA) estimates that 20% of people in Europe could be subjected to hazardous and hazardous noise levels over the long term in 2021. Additionally, as regulatory bodies impose stricter guidelines on permissible noise levels in different settings, there is a growing need for effective sound absorption solutions that comply with these regulations. For instance, according to the EU, to support the achievement of the zero-pollution target for 2050, the EU noise policy attempts to monitor and address environmental noise throughout Europe.


•    The Rising Demand for Noise Reduction Solutions from the Automotive Industry
As vehicles become more technologically advanced, there is a greater focus on providing a quiet and comfortable driving experience for consumers. This has led to an increased need for effective sound absorption materials in vehicles to reduce noise levels inside the cabin. For instance, the International Organization of Motor Vehicle Manufacturers (OICA) reported that global motor vehicle production reached 85.4 million in 2022, up 6% from 2021. As a result, manufacturers are increasingly turning to carbon materials to improve the acoustic performance of vehicles and meet customer expectations for a quieter ride.


Challenges – Carbon Materials in the Sound Absorption Field Market
 

•    High Cost of Carbon Materials
The production of carbon materials often requires advanced manufacturing processes and technologies, resulting in high production costs. As a result, manufacturers may need to increase the prices of their products to cover these expenses, potentially pricing them out of reach for some consumers or businesses. Furthermore, the high cost of carbon materials can limit the adoption and usage of carbon-based sound absorption solutions in various applications. Industries or businesses looking to implement sound absorption technologies may opt for more affordable alternatives, impacting the market potential for carbon materials in this field.


•    Limited Availability of Carbon Materials and Shorter Life Span
Carbon materials, such as activated carbon or carbon nanotubes, are not limitless resources and may face availability issues due to factors like limited production capacity, scarcity of raw materials, or sustainability concerns. This constraint can lead to supply shortages and increased costs for manufacturers, impacting the overall competitiveness of products using carbon materials for sound absorption. For instance, according to ICAN recycling, although carbon doesn't last as long as aluminum, it can still survive for roughly ten years with proper care. 
Carbon materials are known to degrade over time due to factors like exposure to environmental conditions, mechanical stress, or chemical reactions. A shorter lifespan means that products utilizing carbon materials may require more frequent replacements or maintenance, increasing operational costs and affecting the reliability and performance of sound absorption solutions in the long run.


Market Landscape
Technology launches and R&D activities are key strategies adopted by players in the carbon materials in the sound absorption field market. In 2023, the carbon materials in the sound absorption field market share has been consolidated by the major players accounting for 61.78% of the share. Major players in the carbon materials in the sound absorption field are Hexcel, Acoustic Fields, Cabot Corporation, Noble Building Needs LLP, and CFOAM LLC among others.

 

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1. Carbon Materials in the Sound Absorption Field Market- Market Overview
    1.1 Definitions and Scope
2. Carbon Materials in the Sound Absorption Field Market- Executive Summary 
3. Carbon Materials in the Sound Absorption Field Market – Landscape

    3.1 Comparative analysis
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
    3.2 Top Korean Companies
        3.2.1 Company Trends
        3.2.2 Company Information
        3.2.3 R&D Trends
4. Carbon Materials in the Sound Absorption Field Market - Startup companies Scenario Premium 
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product Portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Carbon Materials in the Sound Absorption Field Market– Industry Market Entry Scenario 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. Carbon Materials in the Sound Absorption Field Market- Market Forces
    6.1 Market Trends
    6.2 Market Drivers
    6.3 Market Constraints
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Carbon Materials in the Sound Absorption Field Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Distributors Analysis- Major Companies
8. Carbon Materials in the Sound Absorption Field Market– By Type (Market Size -$ Million)
    8.1 Graphite 
    8.2 Carbon Black
    8.3 Activated Carbon
    8.4 Carbon Fiber
    8.5 Activated Carbon Fiber
    8.6 Carbon Nanotubes
    8.7 Graphene
    8.8 Glassy Carbon
    8.9 Others
9. Carbon Materials in the Sound Absorption Field Market– By Application (Market Size -$ Million)
    9.1 Aerospace
    9.2 Electronics
    9.3 Automotive
    9.4 Construction
    9.5 Others
10. Carbon Materials in the Sound Absorption Field Market– By Geography (Market Size -$ Million)
    10.1 North America
        10.1.1 USA
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Colombia
        10.2.4 Rest of SA
    10.3 Europe
        10.3.1 UK 
        10.3.2 Germany
        10.3.3 Italy
        10.3.4 France
        10.3.5 Spain
        10.3.6 Netherlands
        10.3.7 Rest of Europe
    10.4 Asia-Pacific
        10.4.1 China
        10.4.2 India
        10.4.3 Australia
        10.4.4 Japan
        10.4.5 South Korea
        10.4.6 Rest of APAC
    10.5 RoW
        10.5.1 Middle East
        10.5.2 Africa
11. Carbon Materials in the Sound Absorption Field Market- Entropy
    11.1 New Product Launches
    11.2 M&A’s, Collaborations, JVs and Partnerships
12. Carbon Materials in the Sound Absorption Field Market- Industry/Segment Competition Landscape 
    12.1 Company Benchmarking Matrix- Major Companies
    12.2 Market Share at Global Level- Major companies
    12.3 Market Share by Key Region- Major companies
    12.4 Market Share by Key Country- Major companies
    12.5 Market Share by Key Product Type- Major companies
13. Carbon Materials in the Sound Absorption Field Market- Key Company List by Country Premium  
14. Carbon Materials in the Sound Absorption Field Market Company Profiles - Product Portfolio, Financials, M&A, and Developments

    14.1 CFoam LLC
    14.2 Cobot Corporation
    14.3 Acoustic Fields
    14.4 Hexcel Corporation
    14.5 Acoustic Tribe L.L.C
    14.6 Noble Building Needs LLP
    14.7 MMT Acoustix
    14.8 Namyang Novitech Co., Ltd.
    14.9 Pro–acoustics
    14.10 Hongjin Tech
"*Financials would be provided on a best-efforts basis for private companies"