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Waste Materials Based Acoustic Panels Market Analysis

  • Report ID: GMI10605
  • Published Date: Aug 2024
  • Report Format: PDF

Waste Materials Based Acoustic Panels Market Analysis

Based on material, the recycled textiles segment was worth USD 1.3 billion and is expected to reach USD 2.4 billion by 2032. Recycling textiles into acoustic panels helps divert waste from landfills, addressing environmental concerns related to textile waste. The growing emphasis on reducing landfill waste and promoting recycling supports the demand for panels made from recycled textiles. Recycled textiles can offer excellent acoustic performance, including sound absorption and noise reduction. Their effectiveness in managing sound can drive demand in residential, commercial, and industrial applications where high acoustic performance is needed.
 

Waste Materials Based Acoustic Panel Market Revenue Share, By Application, 2023

Based on application, the walls segment held the dominant market share of 36% in 2023. Increasing awareness and regulations around environmental sustainability are driving demand for eco-friendly building materials, including waste-based acoustic panels. In both residential and commercial spaces, walls need to mitigate noise from external sources and within the building itself, creating a demand for effective acoustic solutions. Growing urban areas with high-density housing often require enhanced sound insulation solutions for privacy and comfort.
 

U.S. Waste Materials Based Acoustic Panel Market Size, 2021 - 2032 (USD Billion)

North America market was recorded around USD 1.1 billion in 2023 and is likely to exceed USD 2 billion by 2032. Increasingly strict regulations on waste management and carbon emissions are compelling businesses and consumers to adopt eco-friendly solutions. Organizations are setting ambitious targets to reduce their environmental impact, driving demand for products with low carbon footprints.
 

The market in U.S. is set to grow at a CAGR of over 6.8% through 2032. The U.S. is at the forefront of environmental regulations, with policies like the EPA's Waste Reduction Act and state-level initiatives driving demand for sustainable products.
 

The German waste materials based acoustic panels market maintained a considerable position in Europe. Germany's stringent energy efficiency standards for buildings create a demand for acoustic materials that contribute to overall building performance.
 

China is supposed to grow at the highest rate of 7.5% in the region. China’s rapid industrialization and urbanization have led to a significant increase in construction and renovation projects. With a growing need for effective soundproofing in residential, commercial, and industrial buildings, waste materials-based acoustic panels offer an eco-friendly alternative that meets the demand for both performance and sustainability.

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of waste materials based acoustic panels was worth over USD 4.3 billion in 2023 and will expand at 6.4% CAGR between 2024 and 2032, propelled by increasing environmental awareness and the push for sustainable building materials.

The walls segment accumulated 36% share of the waste materials based acoustic panels industry in 2023, owing to critical role in sound insulation and noise reduction in residential, commercial, and industrial buildings.

North America waste materials based acoustic panels industry size recorded USD 1.1 billion in 2023, driven by stringent environmental regulations and the strong focus on sustainable construction practices.

Prominent players operating in the waste materials based acoustic panels industry are Arper, Baux, EchoPanel, Felicerossi, G&S Acoustics, GreenClaimed, Kirei USA, Konto Furniture, Offecct, ReSound Acoustics, Snowsound USA, Stramit, Texaa, and Zilenzio, among others.

Waste Materials Based Acoustic Panels Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 428
  • Countries covered: 21
  • Pages: 140
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