The global architectural acoustic panels market size is projected to reach USD 9,752.8 million by 2027, exhibiting a CAGR of 4.1% during the forecast period. Development of acoustic panels made from eco-friendly and recycled organic waste will be a prime growth determinant for this market, states Fortune Business Insights™ in its report, titled “Architectural Acoustic Panels Market Size, Share & Industry Analysis, By Product Type (Metal Acoustic Panels, Plastic Acoustic Panels, Wood Acoustic Panels, and Others), By Application (Residential, Commercial and Industrial) and Regional Forecast, 2020-2027”. The construction industry predominantly relies on synthetic and inorganic materials such as polystyrene and glass wool for thermal insulation and noise reduction. However, these materials are known to have significant environmental impacts and as a result, acoustic panel manufacturers are showing increasing interest in utilizing biodegradable materials for making soundproofing solutions. For example, Soundproof Cow has engineered the Quiet Batt™ 30 Soundproofing Insulation, which is made from 80% recycled cotton and is non-toxic as well as itch-free. Similarly, Audimute has developed its green sound absorption solution, the eco-C-tex, which has been produced from recycled cotton and cellulose. With regulatory bodies emphasizing reducing pollution from buildings, the demand for green architectural acoustic panels is expected to rise in the coming years.
Restraining Factor
Subdued Construction Activities amid COVID-19 to Stifle Market Growth
A major challenge impeding the architectural acoustic panels market growth is the ongoing and steadily intensifying COVID-19 pandemic that has caused unprecedented damage to the global construction industry. A recent survey by the London-based Royal Institute of Chartered Surveyors (RICS) found that construction activity contracted across the globe in the second quarter of 2020. With 25% of projects coming to a standstill and on-site productivity falling by 12%, the escalating costs are anticipated to exert tremendous pressure on the construction industry over the next twelve months. The adoption of architectural acoustic panels will be inevitably affected due to the sudden decline in construction as these panels are widely utilized for noise control in this industry. Moreover, disrupted investment plans will further hamper the market as acoustic panels are expensive.
Information source:
https://www.fortunebusinessinsights.com/architectural-acoustic-panels-market-104454
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The report will assist reader with better understanding and decision making.The Architectural Acoustic Panels market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.This report also researches and evaluates the impact of Covid-19 outbreak on the Architectural Acoustic Panels industry, involving potential opportunity and challenges, drivers and risks.
We present the impact assessment of Covid-19 effects on Architectural Acoustic Panels and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.
).Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/29770-architectural-acoustic-panels-market-analysis-reportThe major players covered in Architectural Acoustic Panels are:STAR-USGBeiyangSaint-GobainBeijing New Building MaterialUSG BORALArmstrongLeeyin Acoustic PanelBurgereeKnauf InsulationForgreener AcousticAbstractaTopakustikShengyuanTexaaVicousticG AcousticsSame Acoustic panel MaterialKireiSound SealHebei Bo Run-dePerforpanForsterBy Type, Architectural Acoustic Panels market has been segmented intoAcoustic MembranesResonators PanelPorous Material PanelBy Application, Architectural Acoustic Panels has been segmented into:Residential BuildingsCommercial BuildingsIndustrial BuildingsOtherThe report offers in-depth assessment of the growth and other aspects of the Architectural Acoustic Panels market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
)Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Architectural Acoustic Panels Market @ https://www.decisiondatabases.com/contact/download-sample-29770The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Architectural Acoustic Panels product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Architectural Acoustic Panels, with price, sales, revenue and global market share of Architectural Acoustic Panels in 2018 and 2019.Chapter 3, the Architectural Acoustic Panels competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Architectural Acoustic Panels breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Architectural Acoustic Panels market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Architectural Acoustic Panels sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Architectural Acoustic Panels Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-29770All Panel Related Reports by DecisionDatabases.com @ https://goo.gl/SzUEXUAbout-Us: DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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Architectural acoustic panel is used to reduce noise and control sound in many different spaces.
They come in a large variety of sizes, types and colors.Global Architectural Acoustic Panels key players include STAR-USG, Beijing New Building Material, Armstrong, Saint-Gobain, Knauf Insulation, etc.
Global top five manufacturers hold a share over 10%.Europe is the largest market, with a share about 40%, followed by China, and North America, both have a share about 50 percent.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-architectural-acoustic-panels-2021-2027-884 In terms of product, Porous Material Panel is the largest segment, with a share nearly 65%.
And in terms of application, the largest application is Commercial Buildings, followed by Residential Buildings, Industrial Buildings, etc.
Market Analysis and Insights: Global Architectural Acoustic Panels MarketIn 2020, the global Architectural Acoustic Panels market size was US$ 13700 million and it is expected to reach US$ 19280 million by the end of 2027, with a CAGR of 4.9% during 2021-2027.Global Architectural Acoustic Panels Scope and Market SizeArchitectural Acoustic Panels market is segmented by region, by country, company, type, application and by sales channels.
Players, stakeholders, and other participants in the global Architectural Acoustic Panels market will be able to gain the upper hand as they use the report as a powerful resource.
