Global Architectural Acoustic Panels Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions
18 Jul, 2023
The global architectural acoustic panels market size is expected to grow from $9.32 billion in 2022 to $9.69 billion in 2023 at a compound annual growth rate (CAGR) of 3.93%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global architectural acoustic panels market size is expected to reach $11.46 billion in 2027 at a CAGR of 4.31%.
Global Architectural Acoustic Panels Market Key Driver
The increased construction activity is projected to drive the growth of the architectural acoustic panels market in the coming years. An increase in construction activity denotes a growth in building projects and infrastructure development in a specific region or country. Factors such as population increase, urbanisation, and economic development could all contribute to this. As construction activity grows, so does the need for buildings with better acoustics. This is especially essential in densely populated metropolitan areas where noise pollution is a major issue.
Get a sample of the global architectural acoustic panels market reportGlobal Architectural Acoustic Panels Market Segments
The global architectural acoustic panels market is segmented:
1) By Type: Horizontal Acoustic Panel, Vertical Acoustic Panel
2) By Product Type: Metal Acoustic Panels, Plastic Acoustic Panels, Wood Acoustic Panels, Other Product Types
3) By Sales Channel: Direct Channel, Distribution Channel
4) By End-Users: Commercial, Residential, Industrial
5) By Geography: The regions covered in the architectural acoustic panels market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global architectural acoustic panels market.
Major Architectural Acoustic Panels Industry Players
AWI Licensing LLC, BEIYANG Building Material Co Ltd., G&S Acoustics Inc., Knauf Insulation Inc., Guangdong Liyin Acoustics Technology Co Ltd., Star Brand Youshiji Building Materials Co Ltd., Saint-Gobain SA, Green Acoustics, Hebei Borunde Building Materials Co Ltd., Hunter Douglas Group, Jiangsu Burgeree New Technology Materials Co Ltd., Vicoustic, Beijing New Building Material (CNBM), BASF SE, Fischer Profil GmbH
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Architectural Acoustic Panels Market Overview
Architectural acoustic panels are products designed to improve the acoustic performance of interior spaces by reducing noise levels, controlling sound reflections, and improving speech intelligibility.
Architectural Acoustic Panels Global Market Report 2023 provides data on the global architectural acoustic panels market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The architectural acoustic panels market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.