According to a recent study titled ‘Acoustic Diaphragm Market Size, By Material, By End-user, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report, global acoustic diaphragm market is projected to register a healthy growth rate during 2020-2026.
 

Surging demand for consumer electronics such as microphones, earphones, and headphones, along with various technological advancements are the major growth drivers of global acoustic diaphragm market. However, volatility in raw material prices may impede the industry expansion over the forecast period, cites the study.
 

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For the uninitiated, in acoustics, any surface that vibrates in response to sound produced from products like loudspeaker and microphones is termed as a diaphragm. Their widespread application in extremely thin acoustic transducers that are utilized in liquid-crystal TVs and in slimline & lightweight automotive parts will continue to add to global acoustic diaphragm market remuneration.
 

Based on material, wood segment accounted for 0.8% of global acoustic diaphragm market share in 2019 and is projected to exhibit a CAGR of over 2.7% during 2020-2026. Whereas, polypropylene segment held 24% of the market share and is slated to record a yearly growth of 6% over the forecast duration. The polyester fiber segment will also record 6% CAGR within the same time period. Polyamide segment captured 3% of the industry share and is expected to register 4% CAGR in the coming years.
 

PEEK material segment secured a respectable 16% share of global acoustic market in the recent past and is estimated to showcase a y-o-y growth rate of 6.8%. Lastly, others segment represented 4% of the overall market share and set to expand at 5% CAGR. 
 

Speaking of the application spectrum, microphone segment captured 70% of global acoustic diaphragm market share in the recent past and will continue to showcase strong growth trends throughout the analysis period. Meanwhile, earphone and headphone segment will register a CAGR of over 6.3% during the assessment period, and the loudspeaker & AI segment is anticipated to record 7.8% CAGR.
 

From a regional frame of reference, Europe acoustic diaphragm market accounted for 18% of the global industry share and is predicted to register a yearly growth rate of 6% over the projected timeline. Meanwhile, North America and Latin America markets are touted to register a year-over-year growth rate of 5.7% and 5.3% respectively.
 

Middle East acoustic diaphragm market held a mere 1% share in 2019, however, is likely to gain considerable traction in the coming years owing to increasing government focus towards transitioning from an oil & gas-based economy to a diversified and export-based economy.
 

Major players in global acoustic diaphragm market are Vesper Technologies Inc., Materion Corp., Tectonic, VOZ Electonic Co., Ltd., Loudspeaker Components, LLC, Mica Manufacturing Co., Pvt. Ltd., Elmetric AB, Vansonic Enterprise Co., Ltd., Foster Electric Co., Ltd., and PoYun Enterprise Co., Ltd.