Acoustic Diaphragm Market size worth over $26 billion by 2027
Published Date: November 12, 2021 Authors: Kiran Pulidindi, Sayan Mukherjee
According to a new research report by Global Market Insights Inc., the Acoustic Diaphragm Market size is forecast to exceed USD 26 billion by 2027 owing to propelling need for high-quality consumer electronics.
Paper holds the largest share in the overall market, in terms of volume. The major application of the overall acoustic diaphragm industry includes microphones followed by earphones & headphones.
Paper, wood, polypropylene, polycarbonate, polyester film, polyamide, and polyether ether ketone are some of the majorly used materials in acoustic diaphragms. Among these materials, paper is widely used owing to its versatility including improved moisture resistance, reduced density, and high internal loss. Paper significantly reduces density compared to diaphragms made of other materials such as plastic and metallic materials. Low density improves diaphragm efficiency and its transient response. Paper diaphragm restrains the bending vibration of the diaphragm and reduces harmonic distortion.
Browse key industry insights spread across 200 pages with 170 market data tables & 23 figures & charts from the report, “Acoustic Diaphragm Market Statistics, By Material (Wood, Paper, Polypropylene, Polycarbonate, Polyester Film, Polyamide, Polyetherketone, Glass), End-user (Earphone & Headphone, Loudspeaker & AI Speaker [Car Speaker], Microphone[ Notebook, Mobile]), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027” in detail along with the table of contents:
Wood material segment is anticipated to grow at a CAGR of over 4% in acoustic diaphragm market through 2027. Wood provides excellent sound propagation properties, allowing the speaker to naturally reproduce sound of a high-frequency range. Wood delivers improved frequency response, and the sound quality is significantly enhanced. Furthermore, certain polymers, such as polypropylene, are majorly used owing to their various advantages such as low moisture absorption and excellent UV block.
The COVID-19 outbreak impacted the supply of raw materials owing to lockdowns in some major countries and suspension of international trade. Due to this pandemic, leading polymer and paper producers and suppliers have reduced their operational & capital expenditures. The production capacities of these manufacturing companies have been reduced due to the shortage of labor and disruptions in the supply of raw materials. Additionally, several pulp & paper companies have also been affected due to the coronavirus pandemic, impacting the supply of paper.
The insufficient production of raw materials has disrupted the manufacturing of the final products. Besides this, polymer trading has slowed amid the coronavirus outbreak at a global level as a huge amount of polymer is used in medical devices and the healthcare sector. This may impact the supply of raw materials for acoustic diaphragms. Moreover, Chinese chemical manufacturers have observed a drop-down by around 20% compared to the previous year while profits declined by around 66%, according to the National Bureau of Statistics of China.
The earphone & headphone segment held a market share of over 15% in 2020. The unique properties of acoustic diaphragms have made them a crucial component for several audio solutions. Some exceptional characteristics of acoustic diaphragms include improved sound quality, high internal loss, and low density. Acoustic diaphragms improve the mechanical properties of earphones & headphones. Acoustic diaphragms are lightweight and cost-effective, which in turn, will make the product highly desirable in earphones and headphones.
Europe to exhibit steady growth during the forecast period
In 2020, Europe held a market share of over 22% in acoustic diaphragm market and will generate over USD 5.5 billion by 2027. The presence of huge technological infrastructures in the region coupled with growth in the manufacturing of earphones, AI speakers & smartphones is anticipated to substantially contribute to the overall market growth during the forecast period. The region has a matured electronics industry with huge manufacturing capacities. However, the presence of stringent regulations pertaining to the use of polymers is a major downside to the overall market.
Some of the key acoustic diaphragm industry participants include Foster Electric Company Limited, Poyun Enterprise, Elmetric AB, Mica Manufacturing Co., Pvt. Ltd., Vansonic Enterprise Co., Ltd., VOZ Electonic Co., Loudspeaker Components, L.L.C., Materion Corporation, Tectonic, and Vesper Technologies.