Dublin, Jan. 29, 2024 (GLOBE NEWSWIRE) -- The "Architectural Acoustic Panels Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The latest comprehensive market research report indicates a robust growth trajectory for the Architectural Acoustic Panels Market, with a forecast of attaining a market value of $12.11 billion by the year 2028. The analysis reveals a compound annual growth rate (CAGR) of 4.7%, following a significant growth from $9.69 billion in 2023 to $10.1 billion in 2024.
In light of escalating construction activities and urban development, particularly in Asia-Pacific, the architectural acoustic panels industry is witnessing an increased demand for high-quality soundproofing solutions. A growth by leaps and bounds is observed in the market, reflecting a compounded annual surge propelled by innovations in product design and the implementation of stringent noise regulations globally.
The report highlights that the significant rise in construction projects, especially in the residential sector, has been a major engine for the market's expansion. Findings from the U.S. Census Bureau indicated a striking increase in housing initiations, pointing to a higher uptake for architectural acoustic solutions.
The onset of advanced product innovations characterizes the current trend within the market, with key companies rolling out novel solutions to improve indoor acoustics and aesthetics. An example of such advancement is the launch of sustainable acoustic designs that not only enhance sound quality but also contribute to environmental sustainability.
Notable Acquisitions and Innovations Spearheading the Market
- Acquisitions like the Kingspan Group's takeover of Troldtekt A/S posit a strategic advantage through expansion into natural material-based solutions.
- Product innovations aimed at providing flexible and sustainable options for architects and designers, such as quilted acoustic panels.
Furthermore, governmental efforts in enforcing the permissible noise exposure limits are boosting adoption rates of acoustic panels across various industries, ensuring compliance with public health and environmental standards.
The report covers a broad range of panels including both horizontal and vertical types, made from diverse materials like metal, plastic, and wood, with detailed insights on the distribution channels and consumption across commercial, residential, and industrial sectors.
Key players in the market are a significant element of this research, with a comprehensive list of manufacturers mentioned. The success of these organizations stems from their focus on technological advancements, customer engagement, and strategic market navigation.
Geographically, the report spans all major global regions, with an in-depth coverage of predominant market territories. It also encapsulates an extensive analysis of the architectural acoustic panel types and their applications across various end-user industries.
This informative architectural acoustic panels market research report is a crucial resource for understanding the market dynamics, industry structure, strategic developments, and overall economic impact. It elucidates the vital statistics and factual data required for businesses to make informed decisions and chart long-term growth plans.
For more detailed insights, interested parties are encouraged to examine the full market research report, which includes a granular exploration of the architectural acoustic panels market’s segments, trends, and potential opportunities shaping the future of the industry.
A selection of companies mentioned in this report includes
- 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.
- Compagnie de Saint-Gobain S.A.
- Green Acoustics
- Hebei Borunde Building Materials Co. Ltd.
- Hunter Douglas Group
- Jiangsu Burgeree New Technology Materials Co. Ltd.
- Vicoustic
- Badische Anilin- und Sodafabrik SE
- Fischer Profil GmbH
- ArcelorMittal S.A.
- 3A Composites
- Arconic Corp.
- Armacell GmbH
- Kingspan Group
- Trelleborg AB
- Fletcher Building Ltd.
- Owens Corning
- Paroc Group OY
- Rockwool International A/S
- ItalPannelli S.R.L
- Johns-Manville Corporation
- Ingreen Systems Corp.
- Armstrong World Industries Inc.
- Abstracta Inc.
- MBI Products Company
For more information about this report visit https://www.researchandmarkets.com/r/99qzmq
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