US Transparent Acoustic Panels Market

US Transparent Acoustic Panels Market Forecast to 2030 - Country Analysis by Application (Ceilings, Walls, Desk Dividers, and Others) and End Use (Residential, Commercial, and Industrial)

  • Report Code : TIPRE00029960
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 68
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US Transparent Acoustic Panels Market

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The US transparent acoustic panels market is estimated to be around US$ 1.48 million in the year 2022 and is expected to grow at a CAGR of approximately 5.7% from 2023 - 2030, to reach US$ 2.26 million in the year 2030.

MARKET ANALYSIS

Transparent acoustic panels provide a balance between acoustic performance and visual appeal. They offer the advantage of maintaining an open and spacious feel within a commercial space while effectively controlling sound. Businesses and individuals are the ultimate end users of transparent acoustic panels. The panels are used in commercial properties, educational institutions, hospitals, hotels and restaurants, retail spaces, industrial buildings, and residential buildings. The demand for transparent acoustic panels is driven by the increasing need for effective sound control while maintaining visual integration in various applications.

GROWTH DRIVERS AND CHALLENGES

The robust housing market, characterized by increasing home prices and high demand for houses, encourages homeowners to invest in their properties. Rising home values provide homeowners with the financial means and motivation to undertake home improvement projects. Homeowners in the US are allocating more money for renovating, remodeling, and improving their residential properties. This trend reflects a growing interest in enhancing homes' comfort, functionality, and aesthetics. According to the American Housing Survey from the US Census Bureau, from 2019 to 2021, the number of home improvement projects increased by 17% to reach 134.8 million, with spending of ~US$ 624 billion. As the demand for aesthetic interior design increases, architects, designers, and homeowners seek solutions that seamlessly integrate into the overall design scheme without compromising functionality. Transparent acoustic panels allow for the unobstructed flow of natural light, maintain an open and spacious environment, and preserve the visual integrity of the space. These panels can be customized in terms of shape, size, and transparency. This versatility allows designers to incorporate them into architectural elements such as walls, partitions, ceilings, or furniture. By offering diverse design options, transparent acoustic panels can be seamlessly integrated into various interior design concepts and enhance the overall aesthetics of the space. Traditional acoustic treatments, such as fabric-wrapped panels or foam-based absorbers, can be effective but may not always align with the desired aesthetic vision. Transparent acoustic panels provide an innovative alternative that combines sound control with visual appeal. They offer the opportunity to create visually striking and acoustically functional spaces, meeting the demand for both aesthetics and acoustic performance. Hence, the increasing demand for aesthetic interior designs is expected to increase the US transparent acoustic panels market share during the forecast period. However, the high cost of these panels can pose budgetary challenges for such projects, potentially leading to a selection of more cost-effective alternatives. Transparent acoustic panels typically utilize specialized materials offering sound transmission control and transparency. These materials, such as transparent or translucent plastics, may be more expensive than conventional acoustic materials such as fabric or foam. These factors could limit the US transparent acoustic panels market growth.

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US Transparent Acoustic Panels Market: Strategic Insights

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Market Size Value inUS$ 1.48 million in 2022
Market Size Value byUS$ 2.26 million by 2030
Growth rateCAGR of 5.7% from 2023 to 2030
Forecast Period2023-2030
Base Year2022
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REPORT SEGMENTATION AND SCOPE

The "US Transparent Acoustic Panels Market Analysis to 2030" is a specialized and in-depth study with a major focus on the US transparent acoustic panels market trends and growth opportunities in the US. The report aims to provide an overview of the US transparent acoustic panels market with detailed market segmentation by application and end-use. The US transparent acoustic panels market has witnessed high growth in the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of transparent acoustic panels in the US. In addition, the report provides a qualitative assessment of various factors affecting the transparent acoustic panels market performance in the US. The report also includes a comprehensive analysis of the leading players in the US transparent acoustic panels market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.

Further, ecosystem analysis and Porter's five forces analysis provide a 360-degree view of the US transparent acoustic panels market, which helps understand the entire supply chain and various factors affecting the market growth.

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SEGMENTAL ANALYSIS

The US transparent acoustic panels market is segmented based on application and end-use. Based on application, US transparent acoustic panels market is segmented into ceilings, walls, desk dividers, and others. Transparent wall acoustic panels are a modern solution for controlling noise in any space. These panels are designed to be installed on walls and provide both acoustic absorption and transparency. They are made from high-quality materials, such as acrylic and PMMA, which allow sound to pass through while reducing echo and reverberation. This results in improved speech intelligibility and reduced background noise, thereby providing an overall pleasant acoustic experience. Such beneficial properties make these panels ideal for spaces where noise reduction is important, including recording studios, conference rooms, and offices. Additionally, the transparency of these panels allows natural light, making them a great choice for spaces where natural light is limited. In the US, consumers' preference for transparent wall panels has increased rapidly. Furthermore, with their ability to enhance sound quality while maintaining a transparent and visually pleasing appearance, transparent wall acoustic panels have become a favored choice for architects, designers, and facility managers nationwide. Based on end-use, the commercial segment accounted for a significant share of the US transparent acoustic panels market.

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COUNTRY ANALYSIS

The report provides a detailed overview of the US transparent acoustic panels market size. The US has been experiencing growth in non-residential construction, including schools, colleges, universities, department stores, boutiques, shopping malls, offices, conference rooms, and meeting spaces. Non-residential construction spending in the US increased from US$ 691.8 billion in 2016 to US$ 1,053.2 billion in 2023. A strong economy stimulates business activities and increases demand for commercial spaces. Growing industries such as technology, healthcare, and retail require new facilities to accommodate their operations, leading to increased commercial construction. Increasing non-residential construction projects are driving the demand for effective acoustic solutions. Commercial buildings often face high levels of noise from external sources such as traffic, construction, or nearby facilities. Transparent acoustic panels can help control noise levels while maintaining a visually appealing and open environment, making them an attractive choice for architects and designers.

INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES

The report provides a detailed overview of the US transparent acoustic panels market.

  • In October 2022, Woven Image launched acoustic panels formed by art deco and Japonisme styles.
  • In June 2020, Woven Image, an interior building solution provider, launched its new collection of embossed acoustic panels named Zen and Ion. These products are launched to improve the aesthetic appeal of office environments.
  • In June 2020, AntiCAD launched acoustic panels named 'Fabrix' and 'Koral' at the VDF product fair. These products are designed for walls and ceilings in industrial and commercial spaces to reduce echo.

IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

The US transparent acoustic panels market witnessed growth before the onset of the COVID-19 pandemic due to the increased use of transparent acoustic panels in the construction of residential and commercial buildings. However, the pandemic adversely affected the chemicals & materials industry, resulting in the shutdown of construction activities and manufacturing facilities, challenges in procuring raw materials, and restrictions on logistic operations. The US recorded the highest number of confirmed COVID-19 cases in North America. The unprecedented rise in the number of COVID-19 cases across the country and the subsequent lockdown of numerous manufacturing facilities negatively influenced the growth of the US transparent acoustic panels market. Further, the overall disruptions in manufacturing processes, research, and development activities restrained the US transparent acoustic panels market growth.

Moreover, the severely decreased construction activities reduced the demand for transparent acoustic panels in the US. However, the market is reviving due to the government's significant measures, such as vaccination drives. The growing demand for transparent acoustic panels from the residential & non-residential construction sector is propelling the US transparent acoustic panels market growth. Moreover, various players in the region are seeking more investment opportunities as businesses gain confidence in stabilizing economies and increasing demand, thereby providing the impetus for the US transparent acoustic panels market growth.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

The key players operating in the US transparent acoustic panels market include Duraflex Distribution Ltd, Deamp AS, Indow Windows, and Design Composite GmbH.

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Application, and End Use

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

1. Introduction 11

1.1 Study Scope. 11

1.2 The Insight Partners Research Report Guidance. 11

1.3 Market Segmentation. 13

2. Key Takeaways 15

3. Research Methodology 18

3.1 Scope of the Study. 18

3.2 Research Methodology. 18

3.2.1 Data Collection. 19

3.2.2 Primary Interviews. 20

3.2.3 Hypothesis Formulation. 21

3.2.4 Macro-economic Factor Analysis. 21

3.2.5 Developing Base Number 21

3.2.6 Data Triangulation. 21

3.2.7 Country Level Data. 22

4. US Transparent Acoustic Panels Market Landscape 23

4.1 Market Overview. 23

4.2 Porter’s Five Forces Analysis. 24

4.2.1 Bargaining Power of Suppliers. 25

4.2.2 Bargaining Power of Buyers. 25

4.2.3 Threat of New Entrants. 25

4.2.4 Intensity Competitive Rivalry. 26

4.2.5 Threat of Substitutes. 26

4.3 Ecosystem Analysis. 27

4.4 Expert Opinions. 29

5. US Transparent Acoustic Panels Market — Key Market Dynamics 30

5.1 Market Drivers. 30

5.1.1 Increasing Commercial Construction Activities. 30

5.1.2 Rising Home Improvement Spending. 32

5.2 Market Restraints. 33

5.2.1 High Prices of Transparent Acoustic Panels. 33

5.3 Market Opportunities. 34

5.3.1 Growing Demand for Eco-Friendly Construction Materials. 34

5.4 Future Trends. 35

5.4.1 Rising Demand for Aesthetic Interior Design. 35

5.5 Impact Analysis. 36

6. Transparent Acoustic Panels Market –US Market Analysis 37

6.1 Transparent Acoustic Panels Market Overview.. 37

6.2 US Transparent Acoustic Panels Market –Revenue and Forecast to 2030. 38

6.3 Competitive Positioning – Key Market Players. 39

7. US Transparent Acoustic Panels Market Analysis – By Application 40

7.1 Overview.. 40

7.2 US Transparent Acoustic Panels Market Breakdown, by Application, 2022 & 2030. 40

7.3 Ceilings. 42

7.3.1 Overview.. 42

7.3.2 Ceilings: US Transparent Acoustic Panels Market – Revenue and Forecast to 2030 (US$ Million) 42

7.4 Walls. 43

7.4.1 Overview.. 43

7.4.2 Walls: US Transparent Acoustic Panels Market – Revenue and Forecast to 2030 (US$ Million) 44

7.5 Desk Dividers. 44

7.5.1 Overview.. 44

7.5.2 Desk Dividers: Transparent Acoustic Panels Market – Revenue and Forecast to 2030 (US$ Million) 45

7.6 Others. 46

7.6.1 Overview.. 46

7.6.2 Others: US Transparent Acoustic Panels Market – Revenue and Forecast to 2030 (US$ Million) 46

8. US Transparent Acoustic Panels Market Analysis – By End-Use 47

8.1 Overview.. 47

8.2 US Transparent Acoustic Panels Market Breakdown, by End-Use, 2022 & 2030. 47

8.3 Residential 48

8.3.1 Overview.. 48

8.3.2 Residential: US Transparent Acoustic Panels Market – Revenue and Forecast to 2030 (US$ Million) 49

8.4 Commercial 50

8.4.1 Overview.. 50

8.4.2 Commercial: US Transparent Acoustic Panels Market – Revenue and Forecast to 2030 (US$ Million) 50

8.5 Industrial 51

8.5.1 Overview.. 51

8.5.2 Industrial: Transparent Acoustic Panels Market – Revenue and Forecast to 2030 (US$ Million) 52

9. Impact of COVID-19 53

9.1 Overview.. 53

9.2 US: Impact Assessment of COVID-19 Pandemic. 53

10. Industry Landscape 55

10.1 Overview.. 55

10.2 Market Initiative. 55

10.3 New Product Development 56

10.4 Merger and Acquisition. 56

11. Company Profiles 57

11.1 Duraflex Distribution Ltd. 57

11.1.1 Key Facts. 57

11.1.2 Business Description. 57

11.1.3 Products and Services. 58

11.1.4 Financial Overview.. 58

11.1.5 SWOT Analysis. 58

11.1.6 Key Developments. 59

11.2 DeAmp AS. 60

11.2.1 Key Facts. 60

11.2.2 Business Description. 60

11.2.3 Products and Services. 60

11.2.4 Financial Overview.. 61

11.2.5 SWOT Analysis. 61

11.2.6 Key Developments. 61

11.3 Indow Windows. 62

11.3.1 Key Facts. 62

11.3.2 Business Description. 62

11.3.3 Products and Services. 62

11.3.4 Financial Overview.. 62

11.3.5 SWOT Analysis. 63

11.3.6 Key Developments. 63

11.4 Design Composite GmbH.. 64

11.4.1 Key Facts. 64

11.4.2 Business Description. 64

11.4.3 Products and Services. 64

11.4.4 Financial Overview.. 65

11.4.5 SWOT Analysis. 65

11.4.6 Key Developments. 66

12. Appendix 67

12.1 About The Insight Partners. 67

12.2 Glossary of Terms. 67

LIST OF TABLES

Table 1. US Transparent Acoustic Panels Market –Revenue and Forecast to 2030 (US$ Million) 39

Table 2. US Transparent Acoustic Panels Market, by Application– Revenue and Forecast to 2030 (US$ Million) 41

Table 3. US Transparent Acoustic Panels Market, by End-Use – Revenue and Forecast to 2030 (US$ Million) 48

Table 4. Glossary of Terms, US Transparent Acoustic Panels Market 67

LIST OF FIGURES

Figure 1. US Transparent Acoustic Panels Market Segmentation. 13

Figure 2. Transparent Acoustic Panels Market Segmentation – By Geography. 14

Figure 3. US Transparent Acoustic Panels Market Overview.. 15

Figure 4. US Transparent Acoustic Panels Market, By Application. 16

Figure 5. US Transparent Acoustic Panels Market, Industry Landscape. 17

Figure 6. Porter's Five Forces Analysis. 24

Figure 7. Ecosystem: Transparent Acoustic Panels Market 27

Figure 8. Expert Opinions. 29

Figure 9. Construction Spending Statistics – April 2023. 31

Figure 10. US Transparent Acoustic Panels Market Impact Analysis of Drivers and Restraints. 36

Figure 11. Geographic Overview of US Transparent Acoustic Panels Market 37

Figure 12. US: Transparent Acoustic Panels Market – Revenue and Forecast to 2030 (US$ Million) 38

Figure 13. US Transparent Acoustic Panels Market Breakdown, by Application, 2022 & 2030. 40

Figure 14. Ceilings: US Transparent Acoustic Panels Market – Revenue and Forecast to 2030 (US$ Million) 43

Figure 15. Walls: US Transparent Acoustic Panels Market – Revenue and Forecast to 2030 (US$ Million) 44

Figure 16. Desk Dividers: US Transparent Acoustic Panels Market – Revenue and Forecast to 2030 (US$ Million) 45

Figure 17. Others: US Transparent Acoustic Panels Market – Revenue and Forecast to 2030 (US$ Million) 46

Figure 18. US Transparent Acoustic Panels Market Breakdown, by End-Use, 2022 & 2030. 47

Figure 19. Residential: US Transparent Acoustic Panels Market – Revenue and Forecast to 2030 (US$ Million) 49

Figure 20. Commercial: US Transparent Acoustic Panels Market – Revenue and Forecast to 2030 (US$ Million) 51

Figure 21. Industrial: US Transparent Acoustic Panels Market – Revenue and Forecast to 2030 (US$ Million) 52

Figure 22. Impact of COVID-19 Pandemic on US Transparent Acoustic Panels Market 54

The List of Companies - US Transparent Acoustic Panels Market

  • Duraflex Distribution Ltd                  
  • Deamp AS              
  • Indow Windows                  
  • Design Composite GmbH

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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