Lightweight Acoustic Floor Systems Market

Lightweight Acoustic Floor Systems Market (2022 to 2032)

The global lightweight acoustic floor systems market is expected to secure USD 3,561.3 Million in 2022 to USD 6,782.1 Million by 2032. During the time span of 2022 to 2032, the market is expected to display a CAGR of 6.7%, which was valued at 5.2% in 2016 to 21.

Report Attributes	Details
Projected Market Value (2022)	USD 3,561.3 Million
Anticipated Forecast Value (2032)	USD 6,782.1 Million
Estimated Growth Rate (2022 to 2032)	6.7%

Growing urbanization, especially in developing countries, is expected to play a significant role in boosting demand for lightweight acoustic floor systems market. With urbanization, there has been a rise in the number of multi-storied buildings, which is expected to benefit the market in the coming time. Increasing population, rising construction activities, and a better lifestyle have resulted in increased demand for lightweight acoustic floor systems.

What are the Factors Driving the Global Lightweight Acoustic Floor Systems Market?

The presence of strict rules and regulations relating to noise limits in residential buildings, along with an increasing number of commercial buildings is anticipated to enhance demand for lightweight acoustic floor systems.

Further, there has been surged demand for lightweight acoustic floors in industrial projects to dampen the noise generated from structures. Movie theaters, concert halls, music studios, and auditoriums are some of the major consumers of lightweight acoustic floors.

Further, the introduction of environment-friendly acoustic panels is projected to widen the growth prospects of the market during the forecast period. For instance, Shumanet Eco is an eco-friendly fiberglass slab that features a high sound insulation performance. It is used as a middle layer while building frame sound-absorbing and ceiling structures. Such factors are expected to augment the market size in the forecast period.

What are the Factors Hampering the Global Lightweight Acoustic Floor Systems Market?

High costs associated with acoustic floors are expected to hamper the market growth in the forecast period. Also, the availability of cheaper alternatives and the presence of software that aid in absorbing sounds are likely to further limit the market size.

Other factors affecting the market growth include heavy development costs and research expertise. However, rising demand from commercial sectors to regulate noise is expected to counter the hampering factor and benefit the industry growth in the assessment period.

Why is North America Expected to Dominate the Global Lightweight Acoustic Floor Systems Market?

As per the analysis, North America is anticipated to dominate the global lightweight acoustic floor systems market during the forecast period. In 2022, the regional market is anticipated to secure about 34.6% of the total global revenue.

The growth of the market can be attributed to the expansion of the construction sector of the USA As per Construction Outlook 2020 by Oxford Economics, the USA construction market is anticipated to grow faster than China in the coming 15 years. Also, players in the region are focusing to expand their reach in the market through acquisitions. For instance, in December 2020, Armstrong World Industries announced that it has agreed to buy Arkutra, LLC, a Los Angeles-based fabricator and designer of wall partitions, facades, floors, and ceilings. Such factors are expected to benefit the regional market growth during the forecast period.

What is the Role of Europe in Driving the Global Lightweight Acoustic Floor Systems Market?

According to the study, Europe is anticipated to be the second-largest lightweight acoustic floor systems market. In 2022, the region is anticipated to accumulate 21.1% of the global market share.

Expansion of the regional market can be attributed to the increasing construction activities in Germany, France, the U.K, Italy, and Russia. Further, an increasing number of players entering the market is likely to augment the market size during the forecast period. For instance, Mogu Bio, an Italy-based player officially revealed the first collection of products based on the most advanced Mycelium technology. Such factors are likely to benefit the regional market in the forecast period.

What are the Growth Prospects in APAC for the Global Lightweight Acoustic Floor Systems Market?

As per the analysis, APAC is anticipated to be the most lucrative market for lightweight acoustic floor systems market. This can be attributed to the rapid urbanization and expanding construction sector in emerging economies like India, China, and Japan.

Further, FDI is anticipated to play important role in accelerating the region’s economic development. Other factors contributing to the market growth include increasing disposable income, growing interest of new players in the region, and the presence of untapped opportunities. Such factors are likely to bolster market growth in the coming time.

What is the Role of Startups in Driving the Global Lightweight Acoustic Floor Systems Market?

Mogu, Baux, Aisti, Natural Acoustics, Siamo Suono e musica, Aural-Aid, and UNStudio, are some of the emerging entities in the global lightweight acoustic floor systems market. Startups are likely to make a significant contribution to developing the industry. For instance, Aisti, a Finnish construction tech startup announced that it received funding of 1.6 Million Euros. Such funding is likely to back the market growth in the forecast period.

Competition Analysis

Key players in the global lightweight acoustic floor systems market include Mason UK, Kinetics Noise Control Inc, Farrat Isolevel Ltd, Rockcote Resene Ltd., Monarfloor Acoustic Systems Ltd., Cellecta Ltd., Knauf Insulation, Saint-Gobain Isover, Ubiq, and YOSHINO GYPSUM CO., LTD.

Recent Key Developments in the Industry Include

• In January 2020, The Stephens Group announced the acquisition of Kinetics Noise Control, Inc., and in conjunction with the transaction, formed a new company, Catalyst Acoustics Group, which will serve as a platform for an elite group of acoustic, vibration, seismic, and noise control companies that offer the broadest portfolio of noise solutions.
• In January 2022, Knauf Insulation signed a contract to acquire a Glass Mineral Wool plant in Central Romania. After concluding the transaction, the plant-based in Târn veni, Mure County will be upgraded to Knauf Insulation’s manufacturing standards.

Report Scope

Report Attribute	Details
Growth Rate (2022 to 2032)	6.7%
Market Value in 2022	USD 3,561.3 Million
Market Value in 2032	USD 6,782.1 Million
Base Year for Estimation	2021
Historical Data	2016 to 2021
Forecast Period	2022 to 2032
Quantitative Units	USD Million for Value
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Type of Flooring, Application, Material, Region
Regions Covered	North America; Latin America; Europe; Asia Pacific; Middle East & Africa
Key Countries Profiled	USA, Canada, Argentina, Brazil, Germany, UK, France, Spain, Italy, Nordic Countries, Poland, Russia, Australia & New Zealand, China, India, ASEAN, GCC, North Africa, South Africa
Key Companies Profiled	Mason UK; Kinetics Noise Control Inc; Farrat Isolevel Ltd; Rockcote Resene Ltd.; Monarfloor Acoustic Systems Ltd.; Cellecta Ltd.; Knauf Insulation; Saint-Gobain Isover; Ubiq; YOSHINO GYPSUM CO., LTD
Customization Scope	Available upon Request

Key Segments Profiled in the Global Lightweight Acoustic Floor Systems Market

By Type of Flooring:

• Fixed
• Spring

By Material:

• Concrete
• Rubber
• Wood
• Fiberglass
• Foam

By Application:

• Industry
• Manufacturing
• Construction
• Mining
• Energy
• Automotive
• Commercial
• Hospitals
• Hotels
• Education Institutes
• Offices
• Sport Venues
• Art and Entertainment
• Residential

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• MEA

Frequently Asked Questions

What is the Expected Market Value of the Global Lightweight Acoustic Floor Systems Market during the forecast period?

The global lightweight acoustic floor systems market is expected to hold a value worth USD 6,782.1 Million by 2032.

What is the Projected CAGR of the Global Lightweight Acoustic Floor Systems Market in the Assessment Period?

The global lightweight acoustic floor systems market is anticipated to display a CAGR of 6.7% during the forecast period.

Which are the Eminent Players in the Global Lightweight Acoustic Floor Systems Market?

Mason UK, Kinetics Noise Control Inc, Knauf Insulation, and Saint-Gobain Isover are some of the eminent players in the global lightweight acoustic floor systems market.