Global Acoustic Panels Market Overview:
Acoustical Panels usually refer to any specialized construction panel placed on a wall to absorb sound. Sound absorption is achieved through panel construction that includes a fabric cover and acoustical core. Most are quite simple to install and can be cost-effectively mounted using clip systems for permanent or semi-permanent installations. The highest level of sound absorption is accomplished through fabric wrapped fiberglass panels, which provide excellent noise control properties for an extensive variety of applications. Acoustic panels have become more popular ever since they appeared in work environments a few years ago. Whether in restaurants, reception halls or (more frequently) in offices, acoustic panels are designed to combat noise pollution. Furthermore, acoustic panels are widely used in educational buildings, theatres, auditoriums, conference centers, sports centers, recording studios, cinemas, and high traffic public areas, among others.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Market Growth Drivers:
The Increasing Need for Cutting out Unwanted Noise from Building & Offices and The surging demand for Acoustic Panels from the Industrial Sector
Challenges:
Intense Competitive Rivalry among the Players
Restraints:
High Initial Capital Investments
Opportunities:
The Emerging Demand from Developing Countries
Competitive Landscape:
Acoustic Panels market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are STAR – USG (China), Beijing New Building Material (China), Armstrong World Ceilings (United States), Saint - Gobain (Saint - Gobain Ecophon) (France), Knauf Inulation (Germany), Burgeree (China), USG BORAL (Singapore), Beiyang (China), Leeyin Acoustic Panel (China) and G&S Acoustics (United States). Additionally, following companies can also be profiled that are part of our coverage like Abstracta (Sweden), IAC ACOUSTICS (United States) and Phononic Vibes (Italy). Analyst at AMA Research see Chinese Vendors to retain maximum share of Global Acoustic Panels market by 2028. Considering Market by Material Type, the sub-segment i.e. Fiberglass will boost the Acoustic Panels market.
Latest Market Insights:
On 25 June 2019, Armstrong Ceiling Solutions has introduced ACOUSTIBuilt™ Seamless Acoustical Ceilings, a new ceiling system that provides the look of drywall but performs like an acoustical ceiling. Finished ACOUSTIBuilt panels offer a smooth, non-directional, monolithic visual to meet the needs of architects, designers, and owners who desire the seamless appearance of a drywall ceiling but also require effective acoustical performance in space.
On 17 June 2019, Plafometal has introduced a new range of solutions for heating and cooling a room. These ceilings incorporate a thermal system based on the principle of radiation and can distribute heat evenly throughout a room. They comprise metal acoustic panels that are activated by contact with heating tubes.
What Can be Explored with the Acoustic Panels Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Acoustic Panels Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Acoustic Panels
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Acoustic Panels market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Acoustic Panels market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Acoustic Panels Manufacturers, Acoustic Panels Raw Material Suppliers, Acoustic Panels Traders/Distributors, Acoustic Panels Importer/Exporter, Downstream Vendors, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.