August 20, 2020
According to the research report titled ‘Impact Sound Insulation Acoustic Mat Market Size By Material, By Applications, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026‘, available with Market Study Report, global impact sound insulation acoustic mat market is anticipated to amass significant growth during 2020-2026.
Growing demand for impact sound insulation acoustic mat from commercial, industrial, and residential sectors due to its ability to curb structure-borne sounds caused by vibrations and impacts is likely to drive the market growth. The mat system offers impact sound insulation for all kinds of floor surfaces. Durability of these mats encourage their usage in high traffic areas, hence augmenting the market outlook.
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Based on material type, impact sound insulation acoustic mat market is segmented into foam, cork, rubber, and others. Among these, the foam segment held a market share of 30% in 2019 and is estimated to witness a CAGR of 6% the forecast period.
Meanwhile, cork segment accounted for 2% market share in 2019 and is projected to grow with a CAGR of 5.2% over 2020-2026, owing to the material’s ability to absorb mid to upper frequency sound, avoid echo, and stop noise transmission. Cork based floor mats are used in homes and offices to efficiently reduce acoustic transmission through walls and floors. They are moisture-resistant and mildew-resistant providing cushioning for longer periods of standing.
In terms of application spectrum, the market is segmented into commercial, industrial, and residential. As per the report, industrial application segment held 6% industry share in 2019 and is predicted to grow at a rate of 7% over the analysis period.
From a regional frame of reference, North America impact sound insulation acoustic mat market is reckoned to witness a y-o-y growth rate of 7.1% through 2026. Whereas, Europe market contributed 40% share to the overall revenues and is likely to grow with a CAGR of 7.1% over the forecast period.
The report claims that Middle East & Africa impact sound insulation acoustic mat market is anticipated to witness strong expansion over 2020-2026, owing to widespread product adoption to address the issue of structure-borne sound transmission in several places. Also, increasing construction activities and introduction of new projects are fueling the product demand in Middle East & Africa.
Key players operating in global impact sound insulation acoustic mat market are JCW Acoustic Flooring, KRAIBURG Relastec GmbH & Co. KG, Owens Corning, Armacell, Hush Acoustics, Saint-Gobain, Fletcher Insulation, Johns Manville, Kingspan Group, REGUPOL BSW GmbH, Getzner Werkstoffe GmbH, Paroc Group, and BASF SE.