If you visit the building materials exhibitions in different countries, you will find there are more and more Acoustic Panels materials in these exhibitions. Yes, with the increasing demand for noise control, construction-related suppliers have to use sound-absorbing materials in more places. This increases the demand for sound-absorbing materials in the market.

Increasing demand from the hotel industry is also driving the market growth

Unfavorable sound configuration and noise have adverse consequences for restaurant and hotel business. As a result, these companies have been working to reduce noise in the lobby and guest rooms so as not to interfere with the stay experience. Guests will not return to their accommodation if their first stay experience is not impressive. Noisy rooms can have a detrimental effect on business, which in turn requires hoteliers to install these sound-absorbing panels.

Asia Pacific will dominate, supported by rapid expansion in construction industry.

With a market size of $3.33 billion in 2021, the Asia Pacific region dominates the global market, followed closely by Europe. Countries such as India, China, and the Association of Southeast Asian Nations (ASEAN) are rapidly developing their construction industries.

Europe accounted for the world's second largest market share of Architectural Acoustic Panels in 2021. The continent is home to multinational corporations, which have been actively accommodating it with soundproof panels in their offices and other infrastructure.

Based on the current growth rate, it is expected that architectural acoustic panels market will reach $10.59 billion by 2029.