Market Overview:
The global acoustical panel system market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for acoustical panels in residential, commercial, and industrial buildings. Acoustical panels are used to control and reduce noise levels in these buildings by absorbing and deflecting sound waves. They are also used for aesthetic purposes, as they can improve the appearance of a building by adding color and texture. The global acoustical panel system market is segmented on the basis of type, application, and region. On the basis of type, it is divided into roof panels, wall panels, and ceiling panels. Roof panels are further classified into metal roofing sheets and tiles; asphalt shingles; concrete or clay tiles; slate or wood shakes; plastic or fiberglass roofing sheets/tiles; polycarbonate corrugated sheet roofs etc., while wall panels are classified into metal stud walls with plasterboard finish (gypsum board), timber frame walls with plasterboard finish (gypsum board), masonry cavity walls with plasterboard finish (gypsum board), pre-cast concrete sandwich panel walls etc., In terms of application, it is segmented into residential building construction,, commercial building construction,, industrial building construction,, agricultural building construction,. Among all applications segments,.
Product Definition:
An acoustical panel system is a type of wall or ceiling treatment that is designed to improve the sound quality of a room by controlling the reflection and absorption of sound. Acoustic panels can be used to treat small or large spaces, and they are often used in recording studios, home theaters, and other rooms where good sound quality is important.
Roof:
Roof is the uppermost layer of a building, which acts as an aerodynamic barrier and prevents rainwater from entering into the interiors. The roof also provides thermal insulation to the building. In addition, it protects interior walls from harmful ultraviolet rays of the sun. Thus, increasing awareness regarding its benefits has resulted in increased usage of roofs in various applications such as residential buildings and commercial complexes among others.
Wall:
The wall is a structural element in an acoustical panel system. It helps to provide rigidity and stability to the overall structure. The size, shape, and material of the wall have significant effects on the performance of an APS system.
Walls can be made from different materials such as wood, metal composites or concrete; depending upon their location within a room (standing or sitting), their function ( internal stiffening only or combined internal & external stiffening).
Application Insights:
The market is segmented by application into residential building, commercial building, industrial building, and agricultural buildings. The residential sector dominated the global market in terms of revenue in 2017. This can be attributed to rising population coupled with increasing disposable income per household across various regions including Asia Pacific and Middle East & Africa. Moreover, government initiatives such as affordable housing schemes are expected to drive the demand for acoustical panel systems in residential applications over the forecast period.
The commercial sector is anticipated to witness significant growth over the forecast period owing to growing construction activities of shopping malls and office buildings at a global level. Growing investments by companies for expanding their offices or manufacturing facilities will also boost product demand from this segment over the next eight years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing construction activities in emerging countries, such as China and India. In addition, rising demand for residential buildings on account of growing population is anticipated to drive product demand over the forecast period.
The Asia Pacific market was followed by Europe which accounted for a revenue share of more than 20% in 2017 owing to high acceptance levels coupled with government initiatives favoring sustainable construction practices across several European countries. For instance, Germany has set up an acoustic ceiling standard that requires acoustic ceilings used within public and industrial buildings must meet certain standards defined by German Building Code (DIN). Such government regulations are likely to boost product adoption across Europe during the forecast period.
Growth Factors:
- Increasing demand for noise control and acoustic comfort in residential and commercial buildings
- Rising awareness about the benefits of acoustical panel systems among architects, builders, and consumers
- Technological advancements that have led to the development of more efficient and aesthetically pleasing panels
- The growing trend of green construction that favors the use of sustainable materials like acoustical panels
- The increasing number of large-scale construction projects in developing countries
Scope Of The Report
Report Attributes
Report Details
Report Title
Acoustical Panel System Market Research Report
By Type
Roof, Wall, Ceiling
By Application
Residential Building, Commercial Building, Industrial Building, Agricultural Building
By Companies
Saint-Gobain, STAR-USG, Knauf Insulation, Armstrong, Stramit, Ecophon, Decustik, Kingspan, Assan Panel, Metecno, NCI Building Systems, Nucor Building Systems, Ruukki
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Acoustical Panel System Market Report Segments:
The global Acoustical Panel System market is segmented on the basis of:
Types
Roof, Wall, Ceiling
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Building, Commercial Building, Industrial Building, Agricultural Building
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Saint-Gobain
- STAR-USG
- Knauf Insulation
- Armstrong
- Stramit
- Ecophon
- Decustik
- Kingspan
- Assan Panel
- Metecno
- NCI Building Systems
- Nucor Building Systems
- Ruukki
Highlights of The Acoustical Panel System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Roof
- Wall
- Ceiling
- By Application:
- Residential Building
- Commercial Building
- Industrial Building
- Agricultural Building
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Acoustical Panel System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An acoustic panel system is a type of soundproofing that uses panels made from sound-dampening materials. The panels are typically mounted on the exterior walls and ceilings of rooms or buildings, and they help to reduce noise levels inside the room.
Some of the key players operating in the acoustical panel system market are Saint-Gobain, STAR-USG, Knauf Insulation, Armstrong, Stramit, Ecophon, Decustik, Kingspan, Assan Panel, Metecno, NCI Building Systems, Nucor Building Systems, Ruukki.
The acoustical panel system market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Acoustical Panel System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Acoustical Panel System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Acoustical Panel System Market - Supply Chain
4.5. Global Acoustical Panel System Market Forecast
4.5.1. Acoustical Panel System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Acoustical Panel System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Acoustical Panel System Market Absolute $ Opportunity
5. Global Acoustical Panel System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Acoustical Panel System Market Size and Volume Forecast by Type
5.3.1. Roof
5.3.2. Wall
5.3.3. Ceiling
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Acoustical Panel System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Acoustical Panel System Market Size and Volume Forecast by Application
6.3.1. Residential Building
6.3.2. Commercial Building
6.3.3. Industrial Building
6.3.4. Agricultural Building
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Acoustical Panel System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Acoustical Panel System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Acoustical Panel System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Acoustical Panel System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Acoustical Panel System Demand Share Forecast, 2019-2026
9. North America Acoustical Panel System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Acoustical Panel System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Acoustical Panel System Market Size and Volume Forecast by Application
9.4.1. Residential Building
9.4.2. Commercial Building
9.4.3. Industrial Building
9.4.4. Agricultural Building
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Acoustical Panel System Market Size and Volume Forecast by Type
9.7.1. Roof
9.7.2. Wall
9.7.3. Ceiling
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Acoustical Panel System Demand Share Forecast, 2019-2026
10. Latin America Acoustical Panel System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Acoustical Panel System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Acoustical Panel System Market Size and Volume Forecast by Application
10.4.1. Residential Building
10.4.2. Commercial Building
10.4.3. Industrial Building
10.4.4. Agricultural Building
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Acoustical Panel System Market Size and Volume Forecast by Type
10.7.1. Roof
10.7.2. Wall
10.7.3. Ceiling
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Acoustical Panel System Demand Share Forecast, 2019-2026
11. Europe Acoustical Panel System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Acoustical Panel System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Acoustical Panel System Market Size and Volume Forecast by Application
11.4.1. Residential Building
11.4.2. Commercial Building
11.4.3. Industrial Building
11.4.4. Agricultural Building
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Acoustical Panel System Market Size and Volume Forecast by Type
11.7.1. Roof
11.7.2. Wall
11.7.3. Ceiling
11.8. Basis oint Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Acoustical Panel System Demand Share, 2019-2026
12. Asia Pacific Acoustical Panel System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Acoustical Panel System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Acoustical Panel System Market Size and Volume Forecast by Application
12.4.1. Residential Building
12.4.2. Commercial Building
12.4.3. Industrial Building
12.4.4. Agricultural Building
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Acoustical Panel System Market Size and Volume Forecast by Type
12.7.1. Roof
12.7.2. Wall
12.7.3. Ceiling
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Acoustical Panel System Demand Share, 2019-2026
13. Middle East & Africa Acoustical Panel System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Acoustical Panel System Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Acoustical Panel System Market Size and Volume Forecast by Application
13.4.1. Residential Building
13.4.2. Commercial Building
13.4.3. Industrial Building
13.4.4. Agricultural Building
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Acoustical Panel System Market Size and Volume Forecast by Type
13.7.1. Roof
13.7.2. Wall
13.7.3. Ceiling
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Acoustical Panel System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Acoustical Panel System Market: Market Share Analysis
14.2. Acoustical Panel System Distributors and Customers
14.3. Acoustical Panel System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Saint-Gobain
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. STAR-USG
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Knauf Insulation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Armstrong
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Stramit
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ecophon
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Decustik
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kingspan
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Assan Panel
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Metecno
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. NCI Building Systems
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Nucor Building Systems
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Ruukki
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
