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Rise In Construction Sector To Drive Market Growth: Core Growth Enabler in the Architectural Acoustic Panels Market, 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Architectural Acoustic Panels Industry Market Size Be by 2025?
The market size for architectural acoustic panels has been experiencing a consistent increase in recent years. The market, presently valued at $10.02 billion in 2024, is predicted to rise to $10.43 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 4.2%. The expansion during the historical phase is attributed to factors such as precision agriculture, cost efficiency, global population growth, improvements in efficiency and productivity, lessened environmental effects, and the demonstration of a positive Return on investment (ROI).
What's the Long-Term Growth Forecast for the Architectural Acoustic Panels Market Size Through 2029?
The market size of architectural acoustic panels is predicted to witness significant growth in the upcoming years, expanding to "$12.92 billion by 2029, with a compound annual growth rate (CAGR) of 5.5%. The growth during the forecast period is attributed to sustained labor issues, the impact of global climate change, the introduction of intelligent farming initiatives, increased adoption of specialty crops, worldwide food security apprehensions, and supportive government policies. Major trends projected during the forecast period encompass autonomous harvesting machinery, advancements in robotics and AI, the incorporation of sensor technologies, remote supervision and management, data-driven decision making, and cooperative partnerships within the industry.
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What Are the Key Growth Drivers Fueling the Architectural Acoustic Panels Market Expansion?
The growth of the architectural acoustic panels market is expected to surge due to the increase in construction activities. The increase in construction activities is linked to a surge in building projects and infrastructure development in a specific area or country, driven by factors like population growth, urbanization, and economic development. With an upturn in construction activities, the need for buildings with superior acoustics escalates as well. Noise pollution is a critical issue in heavily populated urban regions, thus enhanced acoustics in architecture becomes crucial. For example, the Office for National Statistics (ONS), a government agency in the UK, reported in August 2024 that there has been an estimated volume increase of 0.4% in monthly construction output. The step up in monthly output was due to a 1.6% rise in new work. Therefore, the upswing in construction activities spurs the growth of the architectural acoustic panels market.
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What Are the Key Trends Driving Architectural Acoustic Panels Market Growth?
In the architectural acoustic panels market, product innovation is emerging as a significant trend. Market players are inventing new product systems to maintain their standing in this competitive sector. For example, Zentia, a leading UK-based ceiling and wall solutions provider, introduced the Sonify Wall Absorbers Grid System in May 2024. This cutting-edge solution is designed to boost acoustic performance across various settings. It features panels in an array of sizes and shapes, making it suitable for versatile installations in places such as offices, auditoriums, and schools. The Sonify System uses advanced materials to absorb sound effectively while preserving aesthetic appeal, providing a contemporary appearance that blends effortlessly into modern designs. Moreover, the system is environmentally friendly, made from renewable resources, and enhances indoor air quality, making it an ideal pick for green-conscious projects.
How Is the Architectural Acoustic Panels Market Segmented?
The architectural acoustic panels market covered in this report is segmented -
1) By Type: Horizontal Acoustic Panel, Vertical Acoustic Panel
2) By Product Type: Metal Acoustic Panels, Plastic Acoustic Panels, Wood Acoustic Panels, Other Product Types
3) By Sales Channel: Direct Channel, Distribution Channel
4) By End-Users: Commercial, Residential, Industrial
Subsegments:
1) By Horizontal Acoustic Panel: Ceiling Panels, Wall Panels, Baffles
2) By Vertical Acoustic Panel: Wall-Mounted Panels, Freestanding Panels, Room Dividers
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Which Companies Are Leading the Charge in Architectural Acoustic Panels Market Innovation?
Major companies operating in the architectural acoustic panels market include AWI Licensing LLC, BEIYANG Building Material Co. Ltd., G&S Acoustics Inc., Knauf Insulation Inc., Guangdong Liyin Acoustics Technology Co. Ltd., Star Brand Youshiji Building Materials Co. Ltd., Compagnie de Saint-Gobain S.A., Green Acoustics, Hebei Borunde Building Materials Co. Ltd., Hunter Douglas Group, Jiangsu Burgeree New Technology Materials Co. Ltd., Vicoustic, Badische Anilin- und Sodafabrik SE, Fischer Profil GmbH, ArcelorMittal S.A., 3A Composites, Arconic Corp., Armacell GmbH, Kingspan Group, Trelleborg AB, Fletcher Building Ltd., Owens Corning, Paroc Group OY, Rockwool International A/S, ItalPannelli S.R.L, Johns-Manville Corporation, Ingreen Systems Corp., Armstrong World Industries Inc., Abstracta Inc., MBI Products Company
Which Regions Are Leading the Global Architectural Acoustic Panels Market in Revenue?
Asia-Pacific was the largest region in the architectural acoustic panels market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global architectural acoustic panels market during the forecast period. The regions covered in the architectural acoustic panels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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