The new report by Expert Market Research titled, ‘Global Architectural Acoustic Panels Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global architectural acoustic panels market, assessing the market based on its segments like product types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
Forecast CAGR (2022-2027): 6%
With the proliferation of open-plan offices and flexible co-working spaces, and increasing repurposing of spaces such as warehouses, acoustic panels have gained much significance; there has been a growing need for sound absorption in large spaces where sounds echo. Acoustic panels are used to make rooms and spaces quiet. This need for soundproofing solutions, especially in residential and commercial spaces, is expected to drive the global market for architectural acoustic panels. With open-plan office designs becoming increasingly popular, acoustic privacy has assumed much significance. While screens, dividers, cocoons, and booths have been considered solutions, occupying more floor space is impossible in some surroundings. In such cases, emphasis is on ceilings and walls. Acoustic panels help reduce noise and enhance aesthetics through attractive designs.
Industry Definition and Major Segments
Acoustics are critical for the correct operation of facilities, like auditoriums and lecture halls. Since humans are constantly exposed to numerous noises on a daily basis, the acoustics of homes and offices have a considerable impact on the quality of people’s lives. To create appropriate acoustic environments, architects mix sound, structure, shape, material, and spatial organisation. In order to provide better experiences, acoustic panels are employed in halls and theatres. Orchestration and assembly are used to accommodate modern acoustic panels.
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By product type, the market is segmented into:
Metal
Plastic
Wood
Others
By application, the market is divided by:
Residential
Commercial
Industrial
On the basis of region, the market is segmented into:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Market Trends
There has been a growing emphasis on green architectural practices that may reduce harmful emissions and carbon footprint. Sustainable soundproofing solutions are a way of reducing damage to the environment. Eco-friendly acoustic panels, along with other soundproofing solutions, are made (at least partially) of non-toxic and recycled material that is relatively safe to the environment and does not generate toxic waste. Several firms are looking to provide sustainable soundproofing solutions, which is expected to drive market growth. The increasing public and private investment in infrastructure development in various regions will further boost the market growth.
Key Market Players
The major players in the market are Star USG, Beijing New Building Material, Armstrong, Saint-Gobain, Knauf Insulation, Jiangsu Burgree New Technology Materials Co. Ltd., USD BORAL, and Beiyang, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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