About this market
Environment-friendly acoustic damping tiles to trend in the market. With the increasing awareness about construction materials and their environmental impact, the demand for eco-friendly products is increasing among residential and industrial end-users. Therefore, manufacturers are venturing into the environment-friendly tiles segment. analysts have predicted that the acoustic damping tiles market will register a CAGR of almost 6% by 2023.
Market Overview
Booming construction industry
The construction industry is the largest end-user of acoustic damping tiles. The demand for acoustic damping tiles in the construction industry is growing with the increasing necessity to eliminate noise in residential and commercial spaces.
Disposal of acoustic damping materials
The need for proper disposal and recycling of acoustic damping foams are also limiting factors for the global acoustic damping tiles market. Environmental and health safety are some of the key issues associated with the disposal of these tiles. Skin contact with loose fiberglass insulation may create allergy and irritation.
For the detailed list of factors that will drive and challenge the growth of the acoustic damping tiles market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Pyrotek and ROCKWOOL International the competitive environment is quite intense. Factors such as the booming construction industry and the environment-friendly acoustic damping tiles, will provide considerable growth opportunities to acoustic damping tiles manufactures. 3M (Aearo Technologies), Auralex Acoustics, Autex Industries, Pyrotek, and ROCKWOOL International are some of the major companies covered in this report.