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Acoustic panel is a type of board panel constructed from sound-absorbing materials. Between two external walls, sound absorbing matter is inserted, and the wall is permeable. So the sound intensity is lowered as sound passes through an acoustic board. To curb noise, minimise echo and sound filtering in a room, acoustic panels are mounted on walls. Sound absorbing material helps in improving sound quality.
Acoustic panels help to absorb high-quality sound thus these materials are increasingly used in the construction industry. Modern construction work concentrates on incorporating sound cut designs to increase hearing quality. Therefore, manufacturers are focusing on using & developing new acoustic panels to handle noise in variety of building walls. However, high installation expenses are constraining the market growth. To have the peculiar features of noise reduction, the highest degree of sound absorption requires substantial capital investment. This in turn impedes the market growth.
Key Market Driver -
Increasing need for acoustical requirements in the building & construction drives the market.
Key Market Restraint -
High initial capital investments restrict the market growth
Based on type, the market for acoustic panel is further segmented into wooden acoustic panels, mineral wool acoustic panels, fabric acoustic panels, polyester acoustic panels, and others. Based on application, the market for acoustic panel is further segmented into construction, industrial, transportation, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global & regional players operating in the acoustic panel market includes USG BORAL, Saint-Gobain, Beiyang, Beijing New Building Material, Armstrong, STAR-USG, Leeyin Acoustic Panel, Knauf Insulation, Burgeree, Forgreener Acoustic, Shengyuan, Sound Seal, Whisper Walls, Same Acoustic Panel Material, G&S Acoustics, MBI Acoustical Products and others.
Asia-Pacific held the major share in the acoustic panel market , both in terms of consumption and production. Consumers are more aware with the latest technologies because of rapid industrialization and advancement in technology. North America is projected to showcase significant growth due to increasing consumer spending on construction. The demand for acoustic panels is also growing as it is gaining greater recognition in the field of architecture. Builders are focusing on integrating sound cut designs in residential and commercial buildings to enhance listening effectiveness. Europe is also key consumer of acoustic panels due to increasing incorporation of aesthetic architectural solutions in residential and commercial construction. The inclusion of these panels makes it possible for builders to incorporate ideal acoustic absorption characteristics across various frequencies. Latin America, Middle East and Africa are expected to experience slow growth due to the slow growth of construction industry.
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