Market Overview:
Architectural Acoustic Panels Market Size Was Valued at USD 7.96 billion in 2023 and is Projected to Reach USD 13.14 billion by 2032, Growing at a CAGR of 5.72% From 2024-2032.
A sound-absorbing panel called an architectural acoustic panel is used to reduce reverberation and echo in every space and reduce background noise. This board is a sound-retaining board used to relieve commotion and diminish resonation and reverberation in enormous spaces. These panels are installed on the walls or ceilings of a room to reduce noise levels and create a more pleasant listening environment. They can be made of foam, fiberglass, or recycled materials. Recording studios, theatres, lecture halls, and other locations where sound quality is important frequently employ architectural acoustic panels. They are made to take in sound waves, which makes a room have less reverberation and echoes. This results in a sound that is more balanced and natural, making it simpler to hear music or speech.
Top Key Players in Architectural Acoustic Panels Market:
Owens Corning (U.S.), Saint-Gobain (France), Armstrong (U.S.), Knauf Insulation (U.S.), Trelleborg AB (Sweden), Beijing New Building Material (China), Jiangsu Burgeree New Technology Materials Co., LTD. (China), Beiyang (China), Greener Acoustics (South Africa), Leeyin Acoustic Panel (China), Hunter Douglas (Netherlands), Hebei Bo Run-de (China), G&S Acoustics (U.S.), Vicoustic (Portugal), and STAR-USG (China) and Other Major Players
Market Dynamics and Factors for Architectural Acoustic Panels Market:
Drivers:
Increased Demand from The Hospitality Sector
Customer satisfaction in the hospitality industry needs to create a pleasant and comfortable atmosphere. However, the use of hard surfaces like tiles and glass, which reflect sound waves and cause reverberation, and the presence of large crowds make these establishments frequently noisy. Architectural acoustic panels are ideal for improving the acoustics of hospitality spaces because they are made to absorb sound waves and reduce noise levels. They can be positioned on floors, walls, and even ceilings to create a more tranquil and tranquil setting for guests.
Opportunities:
Increasing Urbanization and Industrialization in Emerging Countries
The need for acoustic solutions to reduce noise pollution grows as more people move to cities and more businesses open there. The construction industry is growing: The demand for new construction and renovation projects grows as urbanization and industrialization continue. As a result, there is an increased demand for acoustic solutions like acoustic panels to guarantee the highest possible sound quality in newly constructed or renovated buildings. Regulations for noise pollution: Governments are tightening regulations on noise pollution as urbanization and industrialization rise. As a result, more people are looking for acoustic panels to meet the regulations.
Segmentation Analysis of the Architectural Acoustic Panels Market:
- By Product Type, the Wood Acoustic Panels segment is Anticipated to Dominate the Market Over the Forecast period. Due to their high durability and exceptional performance, wood acoustic panels are the first choice for the majority of consumers. It is simple to modify these panels to meet the requirements of an application or customer. Show corridors and cinemas are the noticeable clients of wooden acoustic boards as sound control is the critical viewpoint in these spots.
- By End-Use, the Commercial segment is Anticipated to Dominate the Market Over the Forecast period. Commercial buildings, such as offices, conference rooms, hotels, theaters, and educational institutions, require effective acoustic solutions to create a comfortable and productive environment.
Regional Analysis of the Architectural Acoustic Panels Market:
Asia Pacific is Expected to Dominate the Market Over the Forecast Period. In India, China, and ASEAN nations, the construction industry is expanding rapidly. The region's economic expansion has become increasingly influenced by foreign investments. Both the tourism industry and the infrastructure industry have benefited from this, which has, directly and indirectly, increased the use of these panels in the region. China, India, and ASEAN nations are experiencing rapid growth in the construction industry. Supporting the region's economic expansion is now more critical than ever thanks to FDI.
Key Industry Development:
- In December 2022, Spacekit is now able to sell its one-of-a-kind modular acoustical wall art on Armstrong's digital sales platform, KanopibyArmstrong.com, thanks to a partnership with Armstrong World Industries, Inc., a leader in the design, innovation, and manufacturing of ceiling and wall solutions in the Americas.
- In September 2022, Armstrong World Industries, Inc. and Irving Consumer Products are pleased to announce a collaboration between their Macon, Georgia, facilities to reduce both organizations' environmental footprints. Armstrong will no longer have to search for and purchase recycled newsprint as an input raw material for its ceilings because Irving Consumer Products will begin diverting its tissue fiber waste to AWI's mineral fiber plant.
