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Wall mounted acoustic panel is a special type of board panel made of materials which absorb sound. Sound absorbing substance is implanted between two exterior walls, and the wall is permeable. So when sound goes through an acoustic board, the sound pressure level is reduced. The decline in sound energy is aligned by the heat energy production. Acoustic panels are are placed on walls to curb noise, minimise echo and control filtering in a room. The objective is to promote the properties of sound by facilitating sound quality with sound absorbing panels.
Various players related to the construction industry focus on integrating sound cut designs to enhance listening efficiency in residential and commercial buildings. Noise interference into conference and lecture halls can be disturbing. Thus these manufacturers focus on employing mineral fiber and gypsum to manage noise in different buildings walls, where the acoustic feeling is required which helps to absorb high-quality sound. High installation costs, however, are constraining market growth. The highest level of sound absorption needs significant investment of capital to provide the outstanding characteristics of noise reduction.
Key Market Driver -
Strong application in acoustical requirements in the architecture and construction drives the market.
Key Market Restraint -
High initial capital investments restrict the market growth
Based on type, the market for wall mounted acoustic panel is further segmented into wooden acoustic panels, mineral wool acoustic panels, fabric acoustic panels, polyester acoustic panels, other. Based on application, the market for wall mounted acoustic panel is further segmented into office, home, restaurant, classroom, gym, other. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global wall mounted acoustic panel market is fragmented, with a number of global & regional players operating. Some of the key players in the wall mounted acoustic panel market includes USG Corporation, AWI Licensing Company, Beijing New Building Material (Group) Co., Ltd., Saint Gobain, Asona ltd, Knauf Inulation, USG BORAL, Guangdong Liyin Acoustics Technology Co., Ltd., and G&S Acoustics., MBI Products Company, Inc. and others.
In terms of Geography, the wall mounted acoustic panel market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-Pacific region occupies the wall mounting acoustic panel market, in terms of both consumption and output. Owing to rapid industrialisation and developments in technology, customers are more updated with the latest innovations that drive business growth. North America is projected to see a fast growth due to higher disposable incomes and more fashionable lifestyle inclination. The market for wall mounting panels is also growing as it is getting greater acceptance in the architectural and decor field, thus propelling the growth of the market. Europe has an influential market share as a result of people's lifestyle shifts leading to increased supply for aesthetic-looking ceilings, thus helping to drive market growth. Because of the governments' influence of tight regulations, Middle East and Africa are predicted to face sluggish growth. Latin America is seeing relatively slow growth due to the availibility of substitutes and not enough manufacturers present in the region.
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