Architectural Acoustic Panels Market By Material (Plastic panels, Non-plastic panels), By Type (Horizontal acoustic panel, Vertical acoustic panel), By End-users (Commercial, Residential, Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global architectural acoustic panels market size was valued at $7,320.0 million in 2021, and is projected to reach $13,770.76 million by 2031, registering a CAGR of 6.3% from 2022 to 2031.
Architectural acoustic, also referred to as room acoustics and building acoustics is a branch of acoustical engineering. Architectural acoustic panels are widely utilized in commercial and industrial projects to regulate the noise generated from structures to achieve the required acoustical levels. It is the science of achieving a decent sound within a building.
Rise in construction activities across various regions such as Europe & Asia-Pacific and increase in demand for highly appealing designs for buildings are expected to fuel the global architectural acoustic panels market growth. In addition, the residential construction expenditure of China is expected to increase every year till 2030. Rise in disposable income of population and change in standard of living drive the adoption of architectural acoustic panels in residential properties, thereby driving the growth of the market.
Major players have adopted various strategies such as product launches and acquisitions to sustain the competition and improve their product portfolios. For instance, in December 2021, Saint-Gobain entered into a definitive agreement with Alghanim group for the acquisition of its 100% subsidiary, Rockwool India Pvt. Ltd., a major manufacturer of stone wool in India with a wide range of insulation products for thermal, acoustic, and fire safety applications.
The market is segmented on the basis of material, type, end user, and region. On the basis of material, the market is bifurcated into plastic panels and non-plastic panels. On the basis of type, the market is divided into horizontal acoustic panels and vertical acoustic panels. On the basis of end-user, the market is segmented into commercial, residential and industrial. Region-wise, the global market analysis is conducted across North America, Europe, Asia-Pacific, and LAMEA.
COMPETITION ANALYSIS
The key players that operate in the architectural acoustic panels market are 3A Composites, Arcelor Mittal Construction, Arconic, Armacell GmbH, BASF SE, Fischer Profil GmbH, Fletcher Building Ltd., Ingreen Systems, ItalPannelli, Johns Manville, Kingspan Group, Knauf Insulation, Owens Corning, Paroc Group OY, Rockwool International A/S, Saint Gobain SA, and Trelleborg AB.
Key Benefits For Stakeholders
The report provides an extensive analysis of the current and emerging market trends and dynamics.
In-depth market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
Extensive analysis of the architectural acoustic panels market is conducted by following key product positioning and monitoring of top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The architectural acoustic panels market forecast analysis from 2022 to 2031 is included in the report.
The key players in architectural acoustic panels market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the architectural acoustic panels market.
Key Market Segments
By Material
Plastic panels
Non-plastic panels
By Type
Horizontal acoustic panel
Vertical acoustic panel
Distribution channel
Online
Offline
By End-users
Commercial
Residential
Industrial
By Region
North America
U.S.
Canada
Mexico
Europe
France
UK
Italy
Rest of Europe
Germany
Asia-Pacific
China
Japan
South Korea
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
3A COMPOSITES
Arcelor Mittal
Arconic Inc.
Armacell GmbH
BASF SE
Fischer Profil GmbH
Fletcher Building Ltd
Ingreen Systems
italpannelli srl
johns manville
KINGSPAN GROUP PLC
Knauf Insulation
Owens Corning
Paroc Group OY
Rockwool International A/S
Saint Gobain SA
Trelleborg AB
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