US Transparent Acoustic Panels Market Forecast to 2030 – COVID-19 Impact and Country Analysis – by Application (Ceilings, Walls, Desk Dividers, and Others) and End Use (Residential, Commercial, and Industrial)

BMIRE00028823 | Pages: 68 | Chemicals and Materials | Jul 2023 | Type: Regional | Status: Published

The US transparent acoustic panels market is expected to grow from US$ 1.48 million in 2022 to US$ 2.26 million by 2030; it is expected to grow at a CAGR of 5.7% from 2023 to 2030.

Market Introduction

Transparent acoustic panels are specialized panels or materials that are designed to provide acoustic treatment while maintaining transparency or translucency. These panels are used to control sound reflections in space while allowing visual transparency, which is particularly useful in architectural and design applications where aesthetics and visibility are important. These panels are typically made from materials that have sound-absorbing properties, such as acrylic, polycarbonate, or glass. These panels are commonly used in spaces such as offices, conference rooms, auditoriums, music studios, and other environments where acoustic control is necessary without compromising the open and airy feel. Transparent acoustic panels are also used in residential settings, particularly in areas where noise reduction is required while maintaining the view or natural light. These essential properties are increasing the US transparent acoustic panels market share among consumers.

In the US, the demand for construction materials is booming with the rising number of residential and commercial construction projects. According to the US Census Bureau and the US Department of Housing and Urban Development, the completed number of new, privately owned housing units increased by 3.1% from August 2021 to August 2022. As per the US Census Bureau, 37 million (15%) adults aged 18 and above lived alone in 2021, up from 33 million (14%) in 2011. Thus, there has been a rise in the number of single and two-person households, indicating growth in residential construction projects. The aforementioned factors are driving the US transparent acoustic panels market growth.

Transparent acoustic panels offer a unique blend of functionality and aesthetics. As design becomes an essential consideration in various industries, including architecture, interior design, and commercial space, there is a growing demand for acoustic solutions that don't compromise the visual appeal of the environment. Transparent acoustic panels provide an elegant and sleek look while effectively addressing sound control requirements. Transparent acoustic panels are also used in control rooms, testing facilities, clean rooms, office spaces in industrial settings, and other industrial applications. Control rooms in industrial facilities such as power plants, manufacturing plants, and transportation hubs require effective communication and monitoring systems. Transparent acoustic panels can be used in the control room to regulate sound while maintaining visibility and clear communication between operators. Moreover, the US government has imposed various regulations for the safety of workers. For instance, Occupational Safety and Health (OSHA) is a federal agency responsible for ensuring safe and healthy working conditions in the US. OSHA has imposed permissible exposure limits (PELs) for occupational noise exposure in the workplace. As a part of the noise control strategy, transparent acoustic panels can be used to mitigate excessive noise levels and provide more comfortable working conditions.

Key Market Segments

Based on application, the US transparent acoustic panels market is segmented into ceilings, walls, desk dividers, and others. In 2022, the walls segment dominated the market and is expected to register the highest CAGR during the forecast period. Transparent acoustic panels for walls have a wide range of applications across various industries and sectors. They are commonly used in offices, conference rooms, educational institutions, hotels, auditoriums, and public places. Walls are one of the primary surfaces where sound transmission occurs, and addressing acoustic issues in these areas is crucial for creating comfortable and productive environments. Transparent acoustic panels provide an effective solution for sound absorption and noise reduction on walls without obstructing visibility. Based on end use, the US transparent acoustic panels market is segmented into residential, commercial, and industrial. In 2022, the commercial segment dominated the market and is expected to register the highest CAGR during the forecast period.

Major Sources and Companies

A few primary and secondary sources referred to while preparing this report on the US transparent acoustic panels market are paid databases (factiva), publications, hoovers, investor presentations, newsletters, sec archives, annual reports, and other information available in the public domain. Key companies listed in the report are Duraflex Distribution Ltd, Deamp AS, Indow Windows, and Design Composite GmbH.

Reasons to buy the report

  • Progressive industry trends in the US transparent acoustic panels market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the US transparent acoustic panels market from 2020 to 2030
  • Estimation of the demand for US transparent acoustic panels across various industries
  • Porter's Five Forces analysis illustrates the efficacy of buyers and suppliers operating in the industry to predict the market growth
  • Recent developments to understand the competitive market scenario and the demand for transparent acoustic panels in the US.
  • Trends and outlook coupled with factors driving and restraining the US transparent acoustic panels market.
  • Decision-making process by understanding strategies that underpin commercial interest concerning the US transparent acoustic panels market growth
  • The US transparent acoustic panels market size at various nodes of market
  • Detailed overview and segmentation of the US transparent acoustic panels market as well as its dynamics in the industry

US Transparent Acoustic Panels Market Segmentation

By Application

  • Ceilings
  • Walls
  • Desk Dividers
  • Others

By End Use

  • Residential
  • Commercial
  • Industrial

Company Profiles

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

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

  • Duraflex Distribution Ltd                  
  • Deamp AS              
  • Indow Windows                  
  • Design Composite GmbH
  • Progressive industry trends in the US transparent acoustic panels market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the US transparent acoustic panels market from 2020 to 2030
  • Estimation of the demand for transparent acoustic panels across various industries
  • Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
  • Recent developments to understand the competitive market scenario and the demand for transparent acoustic panels compounds in the US scenario.
  • Market trends and outlook coupled with factors driving and restraining the growth of the US transparent acoustic panels market.
  • Decision-making process by understanding strategies that underpin commercial interest concerning the US transparent acoustic panels market growth
  • The US transparent acoustic panels market size at various nodes of market
  • Detailed overview and segmentation of the US transparent acoustic panels market as well as its dynamics in the industry
  • The US transparent acoustic panels market size in different regions with promising growth opportunities
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