Market Overview:
The global indoor sound-absorbing panels market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about the benefits of using sound-absorbing panels for noise control and the rising demand for these panels from various end-use industries. Based on type, the global indoor sound-absorbing panels market can be segmented into wooden sound-absorbing panels, mineral wool sound-absorbing panels, fabric sound-absorbing panels, and polyester sound-absorbing panels. Of these, wooden Sound Absorption Panels are expected to account for a major share of the global market in terms of revenue during the forecast period. This is mainly due to their high acoustic performance and easy installation process as compared with other types of acoustic materials available in the market.
Product Definition:
An indoor sound-absorbing panel is a device that is used to reduce or eliminate echoes and reverberations in a room. These panels are usually made of absorbent materials, such as foam, fiberglass, or mineral wool, and can be mounted on the walls or ceiling of a room. Indoor sound-absorbing panels are important because they help to create a more comfortable and productive environment by reducing noise levels.
Wooden Sound-absorbing Panels:
The wooden sound-absorbing panels are the solid wood products used for absorbing the external sound. The product is available in various forms such as laminated, unframed, and solid. It can absorb sounds from a wide range of frequencies depending on the type of wood and its preparation process.
The product is widely used in commercial places such as offices, libraries, hotels etc.
Mineral Wool Sound-absorbing Panels:
Mineral wool is a type of mineral fiber that has good sound-absorbing properties. The product is made from natural minerals such as ceramic fibers, rock, and glass fibers. These raw materials are processed to produce mineral wool which has several beneficial characteristics including high thermal efficiency and low weight compared to traditional insulating materials such as concrete and stone slabs.
Application Insights:
Building and construction was the largest application segment in 2016, accounting for over 70% of the overall demand. The growth can be attributed to an increase in residential and commercial construction activities across the globe. In addition, growing urbanization has led to an increase in building projects across countries such as China, India and Brazil.
The other major application segment includes industries & institutions including healthcare, hospitality (5-star hotels), education buildings (schools) and corporate offices. These applications require soundproof rooms or halls owing to various reasons such as client confidentiality/privacy or conference calls with multiple participants that need complete focus.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a revenue share of more than 35% in 2017 owing to increasing construction activities, coupled with rapid industrialization and transportation facilities development. Furthermore, rising awareness regarding health & safety is anticipated to drive product demand over the forecast period.
The Asia Pacific was followed by Europe, which accounted for a revenue share of more than 25% in 2017 owing to growing construction activities across countries such as Germany, U.K., Italy and Russia among others.
Growth Factors:
- Increasing demand for noise-cancelling headphones and speakers
- Growing awareness about the health hazards of exposure to noise pollution
- Rising number of commercial and residential construction projects
- Proliferation of smart homes and voice-activated assistants
- Increased spending on home improvement and renovation
Scope Of The Report
Report Attributes
Report Details
Report Title
Indoor Sound-absorbing Panels Market Research Report
By Type
Wooden Sound-absorbing Panels, Mineral Wool Sound-absorbing Panels, Fabric Sound-absorbing Panels, Polyester Sound-absorbing Panels
By Application
Building & Construction, Industrial, Transportation, Other
By Companies
STAR-USG, Beijing New Building Material, Armstrong, Saint-Gobain, Knauf Insulation, Burgeree, USG BORAL, Beiyang, Forgreener Acoustic, Leeyin Acoustic Panel, Shengyuan, Same Acoustic Panel Material, Hebei Bo Run-de, G&S Acoustics, Sound Seal, Whisper Walls, MBI Acoustical Products
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
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Indoor Sound-absorbing Panels Market Report Segments:
The global Indoor Sound-absorbing Panels market is segmented on the basis of:
Types
Wooden Sound-absorbing Panels, Mineral Wool Sound-absorbing Panels, Fabric Sound-absorbing Panels, Polyester Sound-absorbing Panels
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
Building & Construction, Industrial, Transportation, Other
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:
- STAR-USG
- Beijing New Building Material
- Armstrong
- Saint-Gobain
- Knauf Insulation
- Burgeree
- USG BORAL
- Beiyang
- Forgreener Acoustic
- Leeyin Acoustic Panel
- Shengyuan
- Same Acoustic Panel Material
- Hebei Bo Run-de
- G&S Acoustics
- Sound Seal
- Whisper Walls
- MBI Acoustical Products
Highlights of The Indoor Sound-absorbing Panels 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:
- Wooden Sound-absorbing Panels
- Mineral Wool Sound-absorbing Panels
- Fabric Sound-absorbing Panels
- Polyester Sound-absorbing Panels
- By Application:
- Building & Construction
- Industrial
- Transportation
- Other
- 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 Indoor Sound-absorbing Panels 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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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?
Indoor sound-absorbing panels are a type of acoustic insulation used to reduce the noise level in an enclosed space. They are made from a variety of materials, including foam, fiberglass, and metal, and can be installed in walls or ceilings. By absorbing sound waves before they reach the ears of people inside the room, indoor sound-absorbing panels can help to reduce noise levels significantly.
Some of the major players in the indoor sound-absorbing panels market are STAR-USG, Beijing New Building Material, Armstrong, Saint-Gobain, Knauf Insulation, Burgeree, USG BORAL, Beiyang, Forgreener Acoustic, Leeyin Acoustic Panel, Shengyuan, Same Acoustic Panel Material, Hebei Bo Run-de, G&S Acoustics, Sound Seal, Whisper Walls, MBI Acoustical Products.
The indoor sound-absorbing panels market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Indoor Sound-absorbing Panels Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Indoor Sound-absorbing Panels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Indoor Sound-absorbing Panels Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Indoor Sound-absorbing Panels Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Indoor Sound-absorbing Panels Market Size & Forecast, 2018-2028
4.5.1 Indoor Sound-absorbing Panels Market Size and Y-o-Y Growth
4.5.2 Indoor Sound-absorbing Panels Market Absolute $ Opportunity
Chapter 5 Global Indoor Sound-absorbing Panels Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Indoor Sound-absorbing Panels Market Size Forecast by Type
5.2.1 Wooden Sound-absorbing Panels
5.2.2 Mineral Wool Sound-absorbing Panels
5.2.3 Fabric Sound-absorbing Panels
5.2.4 Polyester Sound-absorbing Panels
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Indoor Sound-absorbing Panels Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Indoor Sound-absorbing Panels Market Size Forecast by Applications
6.2.1 Building & Construction
6.2.2 Industrial
6.2.3 Transportation
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Indoor Sound-absorbing Panels Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Indoor Sound-absorbing Panels Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Indoor Sound-absorbing Panels Analysis and Forecast
9.1 Introduction
9.2 North America Indoor Sound-absorbing Panels Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Indoor Sound-absorbing Panels Market Size Forecast by Type
9.6.1 Wooden Sound-absorbing Panels
9.6.2 Mineral Wool Sound-absorbing Panels
9.6.3 Fabric Sound-absorbing Panels
9.6.4 Polyester Sound-absorbing Panels
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Indoor Sound-absorbing Panels Market Size Forecast by Applications
9.10.1 Building & Construction
9.10.2 Industrial
9.10.3 Transportation
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Indoor Sound-absorbing Panels Analysis and Forecast
10.1 Introduction
10.2 Europe Indoor Sound-absorbing Panels Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Indoor Sound-absorbing Panels Market Size Forecast by Type
10.6.1 Wooden Sound-absorbing Panels
10.6.2 Mineral Wool Sound-absorbing Panels
10.6.3 Fabric Sound-absorbing Panels
10.6.4 Polyester Sound-absorbing Panels
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Indoor Sound-absorbing Panels Market Size Forecast by Applications
10.10.1 Building & Construction
10.10.2 Industrial
10.10.3 Transportation
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Indoor Sound-absorbing Panels Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Indoor Sound-absorbing Panels Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Indoor Sound-absorbing Panels Market Size Forecast by Type
11.6.1 Wooden Sound-absorbing Panels
11.6.2 Mineral Wool Sound-absorbing Panels
11.6.3 Fabric Sound-absorbing Panels
11.6.4 Polyester Sound-absorbing Panels
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Indoor Sound-absorbing Panels Market Size Forecast by Applications
11.10.1 Building & Construction
11.10.2 Industrial
11.10.3 Transportation
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Indoor Sound-absorbing Panels Analysis and Forecast
12.1 Introduction
12.2 Latin America Indoor Sound-absorbing Panels Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Indoor Sound-absorbing Panels Market Size Forecast by Type
12.6.1 Wooden Sound-absorbing Panels
12.6.2 Mineral Wool Sound-absorbing Panels
12.6.3 Fabric Sound-absorbing Panels
12.6.4 Polyester Sound-absorbing Panels
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Indoor Sound-absorbing Panels Market Size Forecast by Applications
12.10.1 Building & Construction
12.10.2 Industrial
12.10.3 Transportation
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Indoor Sound-absorbing Panels Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Indoor Sound-absorbing Panels Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Indoor Sound-absorbing Panels Market Size Forecast by Type
13.6.1 Wooden Sound-absorbing Panels
13.6.2 Mineral Wool Sound-absorbing Panels
13.6.3 Fabric Sound-absorbing Panels
13.6.4 Polyester Sound-absorbing Panels
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Indoor Sound-absorbing Panels Market Size Forecast by Applications
13.10.1 Building & Construction
13.10.2 Industrial
13.10.3 Transportation
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Indoor Sound-absorbing Panels Market: Competitive Dashboard
14.2 Global Indoor Sound-absorbing Panels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 STAR-USG
14.3.2 Beijing New Building Material
14.3.3 Armstrong
14.3.4 Saint-Gobain
14.3.5 Knauf Insulation
14.3.6 Burgeree
14.3.7 USG BORAL
14.3.8 Beiyang
14.3.9 Forgreener Acoustic
14.3.10 Leeyin Acoustic Panel
14.3.11 Shengyuan
14.3.12 Same Acoustic Panel Material
14.3.13 Hebei Bo Run-de
14.3.14 G&S Acoustics
14.3.15 Sound Seal
14.3.16 Whisper Walls
14.3.17 MBI Acoustical Products
