Acoustic Panel Market - By Product (Wooden Acoustic Panel, Mineral Wool Acoustic Panel, Fabric Acoustic Panel, Polyester Acoustic Panel), By Application (Construction, Industrial, Transportation), By Region & Forecast 2023 – 2032

Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Construction | Format: Report available in PDF / Excel Format

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Acoustic Panel Market - By Product (Wooden Acoustic Panel, Mineral Wool Acoustic Panel, Fabric Acoustic Panel, Polyester Acoustic Panel), By Application (Construction, Industrial, Transportation), By Region & Forecast 2023 – 2032

Acoustic Panel Market Size

Imagine being surrounded by a symphony of honking cars, blaring music, and the hum of machinery. That's the reality of noise pollution, which is sadly becoming more common in our bustling cities and towns. But fear not, for there's a solution that's sweeping the globeacoustic panels. They're like sound-absorbing superheroes, magically reducing the cacophony that can drive us mad. In 2022, the acoustic panel market was a whopping 11.7 billion dollars and it's only expected to grow, reaching over 21.9 billion dollars by 2032. Why the surge in popularity? It's simplenoise pollution has become an epidemic. From our homes to offices and factories, we're constantly bombarded by unwanted noise. Acoustic panels step up to the plate, absorbing or diffusing those pesky sound waves, creating a peaceful oasis in the midst of the chaos. So, as we continue to build and populate our cities, the demand for acoustic panels will soar. They're the solution to our noise-filled woes, promising a quieter, more harmonious future for all.

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Moreover, growing awareness among individuals and organizations regarding the detrimental effects of excessive noise on health, productivity, and overall well-being increased the demand for acoustic treatment solutions, including acoustic panels. The increase in adoption and demand for the acoustic panel in various sectors such as education, healthcare, hospitality, and offices will augment the product adoption rate, thereby, contributing to market growth.

Acoustic panels, also known as sound-absorbing panels or soundproof panels, are specialized construction materials designed to control and improve sound quality within a space. These panels are typically made of porous materials, such as foam, fabric, wood, or fiberglass, which have sound-absorbing properties.

Acoustic Panel Market Report Attributes
Report Attribute Details
Base Year 2022
Acoustic Panel Market Size in 2022 USD 11.7 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 6.9%
2032 Value Projection USD 21.9 Billion
Historical Data for 2018 to 2022
No. of Pages 170
Tables, Charts & Figures 194
Segments covered Product, Application
Growth Drivers
  • Growing demand for noise control and soundproofing solutions in various industries.
  • Increasing awareness about the benefits of acoustic treatment in commercial and residential buildings.
  • Stringent regulations and guidelines related to noise pollution and acoustic comfort.
Pitfalls & Challenges
  • High costs associated with premium acoustic panel materials and installation.
  • Challenges in integrating acoustic panels into existing structures and designs.

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Imagine a room with hard surfaces like walls and floors. Sound bounces off these surfaces, creating echoes and making it hard to hear clearly. Acoustic panels come to the rescue! They're like sponges for sound. They absorb those sound waves, turning them into heat. It's like they're giving the sound a warm hug, preventing it from bouncing around and creating chaos. The type of material, thickness, and size of the panels affect how well they do their job. Some panels can handle a wide range of sounds, while others focus on specific frequencies. It all depends on what you need for your space, whether it's a quiet study or a bustling concert hall.

Acoustic panels are an essential component of acoustic treatment solutions, providing a means to control and optimize the acoustic characteristics of a space by reducing unwanted noise, improving speech clarity, and enhancing overall sound quality. Hence, owing to the above-mentioned advantages the acoustic panels market is projected to grow at considerable rate in the future.

COVID-19 Impact

The COVID-19 pandemic has had both positive and negative impacts on the acoustic panels market. The global lockdown measures and restrictions on manufacturing and transportation caused disruptions in the supply chain of acoustic panels. Several manufacturers faced challenges in sourcing raw materials and components, leading to production delays and supply shortages. During the initial stages of the pandemic, construction activities were temporarily halted or significantly slowed down across regions. This slowdown had a direct impact on the demand for acoustic panels, particularly in the commercial and hospitality sectors where construction projects were put on hold.

However, as economies started to recover and construction activities resumed, the demand for acoustic panels gradually rebounded. Government stimulus packages and infrastructure development initiatives in various countries also supported the recovery of the construction sector, driving the demand for acoustic panels.

Acoustic Panels Market Trends

Hey there! In the world of design, sound control is a big deal. That's why acoustic panels are in such high demand these days. But it's not just about keeping things quiet anymore. People want panels that look good too! Companies are getting creative with colors, patterns, shapes, and textures. That way, you can find panels that match your style and décor. And since we're all trying to be a little greener, there's a growing trend towards eco-friendly and recyclable materials. Some companies are even making panels from recycled fibers or natural materials. But that's not all. Some panels are getting really smart. They have sensors that can monitor sound levels and adjust themselves to keep things balanced. Imagine never having to fiddle with the volume again! All these new features and improvements are making acoustic panels more popular than ever. It's a win-win for both form and function!

Acoustic Panel Market Analysis

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Based on product, the market is bifurcated into wooden acoustic panel, mineral wood acoustic panel, fabric acoustic panel, polyester acoustic panel and others. The wooden acoustic panel segment accounted for dominating revenue share and was valued at around USD 2.5 billion in 2022. The demand for wooden acoustic panel in the market is due to their aesthetic appeal, natural properties, and acoustic performance. Wooden acoustic panels are highly regarded for their natural beauty, warmth, and ability to blend seamlessly with various interior design styles.

 They offer a visually appealing and organic look that adds an element of sophistication to spaces. The design flexibility of wooden panels allows for customization in terms of patterns, finishes, and shapes, catering to diverse design preferences. Hence, owing to above-mentioned variables, the segment is expected to witness notable growth over the analysis period.

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Based on application, the market is segmented into construction, industrial and transportation. The construction segment held a leading share in 2022 and is estimated to reach over USD 5 billion by 2032. The primary driving factor for acoustic panels in construction is the need for noise control. Governments and regulatory bodies often impose strict noise regulations in residential, commercial, and industrial settings. Acoustic panels help in reducing noise levels, controlling reverberation, and meeting the specified noise control standards. Thus, all the above-mentioned pointers are expected to fuel the segmental progression.

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Hey there, let's talk about sound-proofing in the United States! It's no joke, the market was worth a whopping $1.82 billion back in 2022. Why is this market so hot? Well, the U.S. government is pretty serious about keeping noise levels in check, especially in places like schools, hospitals, and even construction sites. People also seem to be realizing that noise can really mess with their health and happiness. So, to make things quieter and more chill, acoustic panels have become super popular. Basically, all these factors are giving the U.S. sound-proofing market a boost, and it's expected to keep growing for a while!

Acoustic Panel Market Share

The global acoustic panel market is fragmented in nature, with large organization and local players consolidating the industry competition. The key industry participants hold considerable market share owing to strong financial revenue brand recognition and quality products. The major players include Armstrong World Industries, RPG Acoustical Systems LLC, GIK Acoustics, Burgeree, among other. These companies implemented various strategies including new product launch, collaboration, acquisitions, etc. to stay ahead in the competitive market.

Acoustic Panel Market News

  • In June 2019, Singapore’s Union Acoustic had expanded their current services of soundproofing solutions for office furniture which is an innovation step towards indoor applications.

Acoustic panel market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue (Square meters) (USD Million) from 2018 to 2032, for the following segments

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Acoustic Panel Market, By Product, 2018 - 2032 (Square Meters) (USD Million)

  • Wooden acoustic panel
  • Mineral wool acoustic panel
  • Fabric acoustic panel
  • Polyester acoustic panel
  • Others

Acoustic Panel Market, By Application, 2018 - 2032 (Square Meters) (USD Million)

  • Construction
  • Industrial
  • Transportation

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Poland
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Thailand
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

 

Table of Content

Report Content

Chapter 1   Methodology

1.1    Market scope & definitions

1.2    Base estimations & working

1.3    Forecast calculation

1.3.1    COVID-19 impact on forecast, by region

1.3.1.1   North America

1.3.1.2   Europe

1.3.1.3   Asia Pacific

1.3.1.4   Latin America

1.3.1.5   Middle East & Africa

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1   Paid sources

1.4.2.2   Public sources

Chapter 2   Executive Summary

2.1    Acoustic Panel industry 3600 synopsis, 2018 - 2032

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Product trends

2.1.4    Application trends

Chapter 3   Acoustic Panel Industry Insights

3.1    Industry ecosystem analysis

3.1.1    Distribution channel analysis trends

3.1.2    Vendor matrix

3.1.3    COVID-19 impact on value chain

3.2    Raw material outlook

3.3    Regulatory landscape

3.3.1    North America

3.3.2    Europe

3.3.3    Asia Pacific

3.3.4    Latin America

3.3.5    Middle East & Africa

3.4    Technology landscape

3.5    Pricing analysis, by region

3.5.1    North America

3.5.2    Europe

3.5.3    Asia Pacific

3.5.4    Latin America

3.5.5    Middle East & Africa

3.6    Cost structure analysis

3.7    Industry impact forces

3.7.1    Growth drivers

3.7.2    Industry pitfalls and challenges

3.8    Innovation & sustainability

3.9    Growth potential analysis

3.10    Porter’s analysis

3.10.1    Supplier power

3.10.2    Buyer’s power

3.10.3    Threat of new entrants

3.10.4    Threat of substitutes

3.11    PESTEL analysis

3.12    Impact of COVID-19 on industry, by application

3.13    Impact of Russia-Ukraine war on the industry

Chapter 4   Competitive Landscape, 2022

4.1    Introduction

4.2    Company market share, by region, 2022

4.2.1    North America

4.2.2    Europe

4.2.3    APAC

4.2.4    LATAM

4.2.5    MEA

4.3    Competitive analysis of market player

4.4    Competitive positioning matrix

4.5    Strategic outlook matrix

Chapter 5   Acoustic Panel Market Size and Forecast, By Product (USD Million)

5.1    Key trends, by product

5.2    Wooden acoustic panel

5.3    Mineral wool acoustic panel

5.4    Fabric acoustic panel

5.5    Polyester acoustic panel

5.6    Others

Chapter 6   Acoustic Panel Market Size and Forecast, By Application (USD Million)

6.1    Key trends, by application

6.2    Construction

6.3    Industrial

6.4    Transportation

Chapter 7   Acoustic Panel Market Size and Forecast, By Region (USD Million)

7.1    Key trends, by region

7.2    North America

7.2.1    U.S.

7.2.2    Canada

7.3    Europe

7.3.1    Germany

7.3.2    France

7.3.3    UK

7.3.4    Spain

7.3.5    Italy

7.3.6    Poland

7.4    Asia Pacific

7.4.1    China

7.4.2    Japan

7.4.3    India

7.4.4    Australia

7.4.5    South Korea

7.4.6    Indonesia

7.4.7    Thailand

7.5    Latin America

7.5.1    Brazil

7.5.2    Mexico

7.6    Middle East & Africa

7.6.1    South Africa

7.6.2    Saudi Arabia

7.6.3    UAE

Chapter 8   Company Profiles

8.1    Armstrong World Industries

8.2    RPG Acoustical Systems LLC

8.3    GIK Acoustics

8.4    Kinetics Noise Control

8.5    Knauf Insulation

8.6    Burgeree

8.7    Forgreener Acoustic

8.8    Vicoustic

8.9    RPG Acoustical Systems LLC,

8.10    MBI Acoustical Products

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