Architectural Acoustic Panels Market Growth, Top Vendors, Opportunities and Forecast by 2031

The Architectural Acoustic Panels Market size was valued at $7.3 billion in 2021, and is estimated to reach $13.8 billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031.

Architectural acoustic panel is used to cut back noise and control sound in many alternative spaces. They are used to reduce noise and control sound, so they are an important building material. Currently, there are many types of architectural acoustic panels, including acoustic membranes, resonator panels, and porous material.

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Acoustic panel manufacturers are leading the way toward sustainability by adopting recyclable and eco-friendly materials. Baux, one of the leading manufacturers of acoustic panels, unveiled sustainable acoustic panels made out of chemical-free pulp sourced from sustainably harvested Swedish pine and fir trees. Moreover, these decorative panels are tested and are effective in the soundproofing of varied environments, including homes, restaurants, and office spaces. Audimute, one of the recognized players manufacturing "Green" acoustic products, launched its new products under the brand of eco-C-tex. These products are manufactured from recycled cotton and cellulose. Such factor is anticipated to boost the architectural acoustic panels market growth.

Major players have adopted product launches and acquisitions as a key strategy to sustain the competition and improve their product portfolio. For instance, in July 2020, Owens Corning launched a new product line, FORMULAR NGX. The proprietary blowing agent in this new line of extruded polystyrene (XPS) foam products delivers a 90% reduction in global warming potential (GWP) without sacrificing product performance.

Europe accounted for the highest share of the global architectural acoustic panels market share in terms of revenue in 2021, owing to surge in number of infrastructure development and new construction activities, thus creating numerous opportunities for architectural acoustic panels for commercial buildings such as educational institutes, malls, and office buildings.

However, during the COVID-19 pandemic, various manufacturers in the architectural acoustic panels market had to stop their business in countries such as China, the U.S., and India. This break directly impacted the sales of architectural acoustic panels companies. Furthermore, lack of labor and raw materials limited the supply of architectural acoustic.

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