Many industries are multi-faceted, with numerous solutions kept under a single banner. This is also very true for the acoustic insulation industry. However, many people are unaware of the different models and products within the acoustics industry. In turn, this can leave brands missing out on the most optimal solutions for their requirements; meanwhile, from an individual perspective, it’s often unclear what this might mean for your projects. However, if you have been feeling unsure about the different soundproofing materials, our experts are on hand today to give you a little more insight into fabric acoustic panels. We’ll cover the current market size and share of fabric acoustic panels to help you understand their appeal; furthermore, we’ll look at what they are, how they work, and why they might be a good fit for your business or project.
What are Fabric Acoustic Panels?
Before looking further at the fabric acoustic panels market size, we should start by considering what fabric acoustic panels actually are. At their simplest, fabric acoustic panels feature an inner material specializing in reducing noise transmission on the air. These materials are then wrapped with fabric to enhance their efficacy while delivering a more aesthetically pleasing solution.
What are the Benefits of Fabric Acoustic Panels?
Naturally, there are numerous potential benefits of acoustic panels. Of course, considering these could help inform your decision as to the most effective type of acoustic insulation overall. Some of the main benefits that fabric acoustic panels can provide include:
- Excellent sound control potential
- Pleasant aesthetic compared to other material
- Help to reduce the overall level of echoing in a room
- Reduce exposure to noise pollution, ensuring a healthier lifestyle accordingly
- Excellent for making the most of wall space without compromising style
- Fabric acoustic panels can easily be suspended from the ceiling to save space and maximize the overall sound absorption
What are the Drawbacks of Fabric Acoustic Panels?
While fabric acoustic panels can deliver many benefits, it’s still worth noting that they aren’t always a perfect solution. For example, some of the most notable concerns with fabric panels include the following:
- Large designs may not always be easy to incorporate
- Fabric acoustic panels may be more expensive due to the additional material requirements
What is the Current Fabric Acoustic Panels Market Size and Share?
Recently, we have become increasingly aware of the dangers associated with loud noises – especially noise pollution. Indeed, noise pollution can greatly impact our ability to live a comfortable, healthy life. For example, Noise Induced Hearing Loss is a common condition experienced by those regularly surrounded by loud noises. Meanwhile, research suggests that noise pollution may also lead to issues such as stress and mental health challenges, poor sleep and recovery, high blood pressure, and even heart disease. As such, the importance of reducing noise pollution is massive.
As such, it’s unsurprising that acoustic insulation has been growing in popularity. Increasing by around $2 million from 2015 to an estimated $12 million USD in 2020, the market is growing at a staggering rate. This demonstrates the rapid shift towards minimizing noise pollution; however, not every acoustic insulating material has the same market share overall.
Fabric acoustic insulating panels have grown at a proportionately higher compound annual growth rate than the average for acoustic insulating panels, with a CAGR of approximately 7.2% . The total value of the fabric acoustic panels market is anticipated to be around 1 billion, which equates to around 1/12th of the total market share of acoustic insulating panels overall.
How is the Fabric Acoustic Panels Market Size Likely to Change?
At this point, we should consider the future of the fabric acoustic panels market. Naturally, since the world is largely transitioning towards a greater understanding of the dangers of noise pollution, it’s unsurprising that tackling this issue is becoming ever more vital. However, the way that we go about this may not always be clear – but it seems likely that fabric acoustic panels will play a significant role in this.
As outlined above, fabric acoustic panels play a significant role in the global acoustic insulation industry. Furthermore, while they might not be the most affordable solutions on the market for acoustic insulation, fabric acoustic panels are almost certainly the most aesthetically pleasing. This makes them potentially valuable options to consider for your business overall – and indicates that their market share and size may continue to grow.
However, the growth of fabric acoustic panels may be somewhat smaller than the growth of the overall acoustic industry. Estimates suggest that, over the next four years, the market value of acoustic panels may grow by around $30 million to just over $1 billion, compared to $990 million now. As such, this figure is evidently significant, indicating a marked increase in demand for fabric acoustic panels specifically.
Similarly, the overall acoustic insulation industry is expected to grow to around $17 billion during the same period. This represents a substantially higher growth of around $3 billion compared to the slower growth rate of fabric acoustic panels; this suggests that fabric acoustic panels may still remain a premium option over traditional alternatives such as metal wool.
Final Thoughts
Fabric acoustic panels can offer many potential benefits, making them excellent options to consider for a wide range of applications. And, of course, awareness of the dangers associated with noise pollution undeniably contributes to the growth of the acoustic panels and acoustic insulation markets. With this thought in mind, it is likely that consumers and businesses alike will only continue to grow in their understanding of acoustic insulation and the value it can bring; with this thought in mind, it may be worth considering whether acoustic insulation could be a good option for your business, as well.
Of course, it may not be the right solution for every project. However, when we consider the scale of both the acoustic insulation industry and the size of the fabric acoustic panels’ market share, it becomes clear that a growing number of people are giving fabric acoustic panels a chance to soundproof their properties and projects. For further questions, please contact us at dayin@dayinacoustics.com.
Reference: https://dataintelo.com/report/global-fabric-acoustic-panels-market/
