Architectural Acoustic Panels Market to Reach USD 10.59 Billion by 2029; Unika Vaev launches 100% PET & CDHP Emission Compliant Panels to Expand Product Portfolio

The global architectural acoustic panels market size was USD 7.37 billion in 2021. The market is projected to grow from USD 7.55 billion in 2022 to USD 10.59 billion in 2029 at a CAGR of 5.0% during the 2022-2029 period. This information is provided by Fortune Business Insights, in its report, titled, “Architectural Acoustic Panels Market Size, Share & COVID-19 Impact Analysis, By Product Type (Metal Acoustic Panels, Plastic Acoustic Panels, Wood Acoustic Panels, and Others), By Application (Residential, Commercial, and Industrial), and Regional Forecast, 2022-2029.”

These panels efficiently adjust the reverberation impacts to improve the general hearing experience of the residents. These panels are modifiable and can be utilized to absorb specific frequencies to attain a thoughtful musical experience.

Supply Chain Commotions Caused by COVID-19 to Delay Market Growth

The outbreak of COVID-19 has hindered majority of the commercial and day-to-day tasks across the globe. Interruptions in supply chains, absence of labor, and lower demand are a few of the difficulties experienced by industries throughout the world. Subsequently, construction schemes have been deferred or canceled, which has obstructed the architectural acoustic panels market growth. Nevertheless, with lockdown restrictions easing across the globe, this industry is improving progressively.

Birchwood Lighting Declares Introduction of Novel Acoustic Luminaries and Panels

Birchwood Lighting unveiled a novel BWA250 architectural acoustic panels and luminaries. These products present an amalgamation of quality lighting and outstanding sound reduction and are appropriate for indoor settings. These products were tactically unveiled to offer industry-leading performance and to generate a more proficient and contented work environment. Noise level decrease frequently leads to a more comfortable and competent work environment. The BWA250 aids in diminishing background noise, which permits inhabitants to improve listening and reading, resulting in augmented concentration and attention.        

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https://www.fortunebusinessinsights.com/architectural-acoustic-panels-market-104454

Inaugural of Sustainable Acoustic Panels to Form Novel Growth Prospects 

Acoustic panel producers are dominating the path toward sustainability by implementing biodegradable and eco-friendly constituents. Audimute is one of the acknowledged players producing “green” acoustic products and offers a product under the brand name eco-C-tex. These products are created from recycled cotton and cellulose. They present an enhanced substitute to traditional fiberglass and synthetic acoustic foam panels. Additionally, the lightweight steel frame utilized in these panels is 100% decomposable, hence making them a whole package of green acoustic solutions.

Ground Breaking Product Launches by Prime Players to Encourage Market Growth

The crucial players operating in the region, as well as the international market, undertake various tactics to bolster their position in the market as dominating companies. One such primary factor is purchasing companies to support the brand value among users. Another pivotal strategy is intermittently inaugurating radical products with an expansive review of the market and its target audience.

Industry Development:

• October 2021: Unika Vaev launches 100% PET & CDHP Emission Compliant acoustic panels labeled as acoustic dual-panel and acoustic timbre panels. These panels were unveiled with an assortment of architectural designs & colors. These products were presented with biodegradable constituents to stimulate the growth prospects for maintainable architectural products.

List of Key Players Mentioned in the Report:

• Saint-Gobain (France)


• Armstrong (U.S.)


• Knauf Insulation (U.S.)


• Beijing New Building Material (China)


• Jiangsu Burgeree New Technology Materials Co, LTD. (China)


• Beiyang (China)


• Greener Acoustics (South Africa)


• Leeyin Acoustic Panel (China)


• Hunter Douglas (Netherlands)


• Hebei Bo Run-de (China)


• G&S Acoustics (U.S.)


• Vicoustic (Portugal)


• STAR-USG (China)

Further Report Findings:

On the basis of application, the market is segmented into residential, commercial, and industrial. The market is dominated by the commercial segment, which accounted for more than half of the global market value in 2021.

Asia Pacific held the largest architectural acoustic panels market share and was USD 3.33 billion in 2021. The region dominated the global market, closely followed by Europe. India, China, and ASEAN countries are witnessing rapid expansion of the construction industry.

Table of Segmentation: