Global Acoustic Panels Market Overview:
Acoustical Panels usually refer to any specialized construction panel placed on a wall to absorb sound. Sound absorption is achieved through panel construction that includes a fabric cover and acoustical core. Most are quite simple to install and can be cost-effectively mounted using clip systems for permanent or semi-permanent installations. The highest level of sound absorption is accomplished through fabric wrapped fiberglass panels, which provide excellent noise control properties for an extensive variety of applications. Acoustic panels have become more popular ever since they appeared in work environments a few years ago. Whether in restaurants, reception halls or (more frequently) in offices, acoustic panels are designed to combat noise pollution. Furthermore, acoustic panels are widely used in educational buildings, theatres, auditoriums, conference centers, sports centers, recording studios, cinemas, and high traffic public areas, among others.
- The Increasing Need for Cutting out Unwanted Noise from Building & Offices
- The surging demand for Acoustic Panels from the Industrial Sector
- High Initial Capital Investments
- The Emerging Demand from Developing Countries
- Intense Competitive Rivalry among the Players
Some of the key players profiled in the report are STAR – USG (China), Beijing New Building Material (China), Armstrong World Ceilings (United States), Saint - Gobain (Saint - Gobain Ecophon) (France), Knauf Inulation (Germany), Burgeree (China), USG BORAL (Singapore), Beiyang (China), Leeyin Acoustic Panel (China) and G&S Acoustics (United States). Additionally, following companies can also be profiled that are part of our coverage like Abstracta (Sweden), IAC ACOUSTICS (United States) and Phononic Vibes (Italy). Analyst at AdvanceMarketAnalytics see Chinese Vendors to retain maximum share of Global Acoustic Panels market by 2024. Considering Market by Material Type, the sub-segment i.e. Fiberglass will boost the Acoustic Panels market.
On 25 June 2019, Armstrong Ceiling Solutions has introduced ACOUSTIBuilt™ Seamless Acoustical Ceilings, a new ceiling system that provides the look of drywall but performs like an acoustical ceiling. Finished ACOUSTIBuilt panels offer a smooth, non-directional, monolithic visual to meet the needs of architects, designers, and owners who desire the seamless appearance of a drywall ceiling but also require effective acoustical performance in space.
On 17 June 2019, Plafometal has introduced a new range of solutions for heating and cooling a room. These ceilings incorporate a thermal system based on the principle of radiation and can distribute heat evenly throughout a room. They comprise metal acoustic panels that are activated by contact with heating tubes.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Acoustic Panels market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Acoustic Panels market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Acoustic Panels Manufacturers, Acoustic Panels Raw Material Suppliers, Acoustic Panels Traders/Distributors, Acoustic Panels Importer/Exporter, Downstream Vendors, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.