The Global Architectural Acoustic Panels Market Size Was Valued At USD 7.37 Billion In 2021. The Market Is Projected To Grow From USD 7.55 Billion In 2022 To USD 10.59 Billion By 2030, Exhibiting A CAGR Of 5.0% During The Forecast Period.
Architectural Acoustic Panels Market Overview
Global Architectural Acoustic Panels Market Size, Status, and Forecast 2023-2030. In-depth research accumulated to offer the latest insights about acute features of the global Architectural Acoustic Panels market. This report provides a detailed overview of key factors in the Architectural Acoustic Panels Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. The impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Architectural Acoustic Panels in a special period. This report also compares the markets of Pre COVID-19 and Post COVID-19. In addition, research considers the impact of the COVID-19/Russia-Ukraine War on the regional economy.
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Market Overview:
The COVID-19 pandemic has been shocking and has never happened before. As a result, demand is lower than expected in all areas compared to what it was before the pandemic. From 2019 to 2020, the world market went down by 7.1%, according to our data.
Architectural acoustic panels are often used in commercial and industrial projects to control noise pollution caused by structures and to meet specific acoustic requirements. Concert halls, theatres, auditoriums, music studios, and other places use acoustic panels more than anywhere else in the world. These panels do a good job of controlling reverberation, which makes it easier for people to hear in general. You can change these panels to suit your tastes and use them to absorb certain frequencies to create a powerful musical experience.
Some of the most famous concert halls in the world have acoustic panels. These include the Philharmonie de Paris in Paris, France, the Opera City Music Hall in Tokyo, Japan, the Musikverein in Vienna, Austria, and the Elbphilharmonie in Hamburg, Germany. More than 10,000 acoustic panels have been put on the walls, ceilings, and balustrades of Elbphilharmonie Hamburg. It held its first concert in 2017. Acoustic panels are also commonly used in hotels, business offices, restaurants, schools, and sports arenas.
Some of the key players profiled in the study are
Saint-Gobain (France), Armstrong (U.S.), Knauf Insulation (U.S.), 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), STAR-USG (China), and Others.
Architectural Acoustic Panels Market Segmentation:
By Product Type:
- Metal Acoustic Panels
- Plastic Acoustic Panels
- Wood Acoustic Panels
- Others
By Application:
- Residential
- Commercial
- Industrial
Others
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia, and New Zealand, etc.
Regional Insights:
Asia-Pacific was the biggest market in the world in 2021, with a size of USD 3.33 billion. Europe was a close second. The building business is growing quickly in China, India, and ASEAN countries. Foreign Direct Investment (FDI) is more important than ever for the economic growth of the region. This has directly and indirectly increased the demand for these panels in the area by boosting the infrastructure industry and the growth of the tourism industry.
Europe had the second-largest share of the world market in 2021. A lot of international companies have offices all over the continent, and they use acoustic panels to meet the high living standards and laws of the area. Demand in the region was mostly driven by building projects in Germany, France, the UK, Russia, and Italy, which were all Western European countries.
North America, which is the second-largest part, comes after Europe. The recovery of the U.S. building industry will help the acoustic panel industries in the area grow. Oxford Economics’ Construction Outlook 2030 predicts that the U.S. construction industry will grow faster than China’s over the next 15 years. This is likely to give market players good opportunities for growth in the near future.
In the Middle East and Africa, GCC countries are in charge and drive the demand for these panels. The GCC countries are some of the most popular places to visit in the world. So, the hotel and restaurant industries have a big impact on how these panels are used in these countries. In South America, Brazil and Argentina have the most need for acoustic panels. During the planned time, developing countries like Chile and Colombia are expected to give these panels a good chance to grow. But political and economic unrest in the region makes it hard for markets to grow.
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Table of Content of Architectural Acoustic Panels Market:
1: Introduction, market driving force product Objective of Study, and Research Scope of the Global Architectural Acoustic Panels market (2023-2030).
2: Exclusive Summary – the basic information of the Global Architectural Acoustic Panels Market.
3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global Architectural Acoustic Panels; Post COVID Analysis.
4: Presenting the Global Architectural Acoustic Panels Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
5: Displaying the by Type, End User and Region/Country 2017-2022.
6: Evaluating the leading manufacturers of the Global Architectural Acoustic Panels Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile.
7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2023-2030).
… To be continued
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Key Questions Answered in the Architectural Acoustic Panels Market Report:
- How much was the global Architectural Acoustic Panels market in 2022?
- How much will the global Architectural Acoustic Panels market worth in 2030?
- At what compound annual growth rate will the global Architectural Acoustic Panels market grow?
- Which segment is estimated to lead the Construction Robot market during the forecast period?
- What is the key market driver for the growth of the global Architectural Acoustic Panels market?
A wealth of financial data & business strategy information is provided including:
- Up-to-date company financials, sales & revenue figures.
- Revenue and market forecasts.
- Business model strategies for niche companies.
- A comprehensive explanation of company products, financials & portfolios.
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