PUBLISHER: The Business Research Company | PRODUCT CODE: 1486815
PUBLISHER: The Business Research Company | PRODUCT CODE: 1486815
Architectural acoustic panels refer to specialized panels, materials or systems designed to control sound within architectural spaces, including buildings, rooms or outdoor areas. These panels are engineered to manage noise levels, reverberation and sound transmission, enhancing the acoustical environment for various purposes, such as speech clarity, music appreciation, privacy and overall comfort.
The architectural acoustic panels market consists of sales, by entities (organizations, sole traders and partnerships), of architectural acoustic panels that improve the sound quality within spaces by reducing, absorbing and controlling noise levels.
The global architectural acoustic panels market was valued at $8,149.7 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 3.0%.
Increased Investments In Infrastructure Projects
Increased investments in infrastructure projects, such as airports and stadiums, boosted the growth of the architectural acoustic panels market in the historic period. These developments necessitated effective acoustic solutions to mitigate noise pollution and enhance auditory experiences within these large public spaces. As a result, demand surged for architectural acoustic panels, which offer both functional sound control and aesthetic appeal. These panels found extensive application in the construction and renovation of various architectural projects, ranging from commercial buildings to entertainment venues. For instance, in December 2022, the football World Cup Organizing Committee announced that Qatar increased investments in infrastructure projects, including stadiums, transportation, airports and accommodation facilities and allocated approximately $229 billion on World Cup infrastructure, to host the Federation Internationale De Football Association (FIFA) World Cup 2022. Also, in 2022, the Indonesian government committed to an investment of $430 billion on public infrastructure development by 2024. Therefore, increased investments in infrastructure projects drove the growth of the architectural acoustic panels market during the historic period.
Creation Of 3D Printed Architectural And Interior Acoustic Panels To Enhance Both The Aesthetic And Acoustic Properties
Companies are focusing on the creation of 3D-printed architectural and interior acoustic panels, which involves utilizing advanced printing technology to produce customizable panels that are designed to enhance both the aesthetics and acoustic properties of architectural and interior spaces. These panels are crafted using sustainable materials and are tailored to reduce reverberation and echoes, creating quieter and more serene environments. For example, in July 2021, Aectual, a Netherlands-based company, specializing in the creation of 3D-printed architectural and interior design products, launched a new product series, in collaboration with Gramazio Kohler Research, a Switzerland-based architecture company at ETH Zurich, a Swiss public research university. The company presented its latest offering, a customized line of 3D-printed acoustic diffusion panels made completely of circular, sustainable plant-based materials. These panels are meticulously designed to suit diverse environments, spanning from commercial establishments to residential settings, effectively minimizing reverberation and echoes to foster tranquility. Further, clients can customize the panels to their own aesthetic preferences using their specialized design platform, which improves both appearance and utility.
The global architectural acoustic panels market is fairly fragmented, with large number of small players operating in the market. The top ten competitors in the market made up to 22.66% of the total market in 2022.
Architectural Acoustic Panels Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global architectural acoustic panels market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for architectural acoustic panels? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The architectural acoustic panels market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider architectural acoustic panels market; and compares it with other markets.