The Architectural Acoustic Panels Global Market Report 2023, provides comprehensive information on the architectural acoustic panels market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Architectural Acoustic Panels Global Market Report 2023, the global architectural acoustic panels market size is expected to grow from $9.32 billion in 2022 to $9.69 billion in 2023 at a compound annual growth rate (CAGR) of 3.93%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global architectural acoustic panels market size is expected to reach $11.46 billion in 2027 at a CAGR of 4.31%.
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Product innovations are a key trend gaining popularity in the architectural acoustic panels market. Companies operating in the architectural acoustic panels market are innovating new products to sustain their position in the market. For instance, in August 2021, Arup, a UK-based network infrastructure provider, and Mogu, an Italy-based design firm launched FORESTA, the world’s first mycelium acoustic panel systems. FORESTA system is a modular, biophilic wall system that incorporates mycelium-based panels, along with living plants and other natural materials, to create a healthy and sustainable indoor environment. The Foresta system is designed to improve indoor air quality, acoustics, and aesthetics while also reducing energy consumption and waste. The mycelium-based panels used in the Foresta system provide excellent sound absorption, thermal insulation, and fire resistance, while the living plants and other natural materials help to purify the air and create a calming and biophilic atmosphere.
The architectural acoustic panels market 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
Asia-Pacific was the largest region in the architectural acoustic panels market in 2022.
The table of contents in TBRC’s architectural acoustic panels market report includes:
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Top 5 Major Key Players Are:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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