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Report
India Acoustic Panels Market Research Report Forecast to 2032
Market Report I 2025-02-14 I 98 Pages I Market Research Future
India Acoustic Panels Market Research Report Information by Product Type (Wall-Mounted Panels, Ceiling-Mounted Panels, and Freestanding Panels), by Material (Fiberglass, Foam, Wooden, and Others), by Functionality (Sound Absorption, Soundproofing, Diffusion, and Combination), by Application (Commercial, Residential, and Industrial), by Mode of Sale (Through Consultant, and Direct Purchase) Forecast to 2032
Market Overview
It is anticipated that the India Acoustic Panels Market will experience a substantial compound annual growth rate (CAGR) of 7.8% during the review period.
Acoustic panels are fabric-wrapped planks that are designed to control reverberation and echo in a room. They are also known as sound absorption panels, soundproof panels, or sound panels. The most common application is to address speech intelligibility concerns in commercial soundproofing remedies.
The acoustic panels market in India is experiencing significant development as a result of the expanding construction industry and the growing awareness of noise pollution. Nevertheless, the market's expansion is impeded by the high cost of acoustic panels and the low level of awareness. Additionally, the expanding demand for acoustic panels in India is a potential opportunity due to the increasing demand from commercial construction.
Market Segmentation
The following segments have been analyzed based on the type of product: Ceiling-Mounted Panels, Wall-Mounted Panels, and Freestanding Panels.
The following segments have been addressed in terms of material: Foam, Wooden, Fiberglass, and Others.
Market segmentation is based on functionality, with the following categories: Sound Absorption, Soundproofing, Diffusion, and Combination.
The report has been segmented into three categories: Commercial, Residential, and Industrial, as determined by the application.
The market is segmented into two categories based on the mode of sale: Direct Purchase and Through Consultant.
Major Players
Rockwool A/S, Knauf Group, Saint-Gobain, Credence Industries, Acoustical Surfaces Inc., Mahabir Multi Tech Private Limited, Topakustik AG, Anutone Acoustics Limited, Hunter Douglas, and Envirotech Sytems Pvt. Ltd. are the top competitors in the Indian acoustic panels market.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 16
2 MARKET INTRODUCTION 18
2.1 DEFINITION 18
2.2 SCOPE OF THE STUDY 18
2.3 RESEARCH OBJECTIVE 18
2.4 MARKET STRUCTURE 19
3 RESEARCH METHODOLOGY 20
3.1 OVERVIEW 20
3.2 DATA FLOW 22
3.2.1 Data Mining Process 22
3.3 PURCHASED DATABASE: 23
3.4 SECONDARY SOURCES: 24
3.4.1 Secondary Research data flow: 25
3.5 PRIMARY RESEARCH: 26
3.5.1 Primary Research DATA FLOW: 27
3.5.2 Primary Research: Number of Interviews conducted 28
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: 29
3.6.1 Revenue Analysis Approach 29
3.7 DATA FORECASTING 30
3.7.1 Data forecasting Technique 30
3.8 DATA MODELING 31
3.8.1 microeconomic factor analysis: 31
3.8.2 Data modeling: 32
3.9 TEAMS AND ANALYST CONTRIBUTION 33
4 MARKET DYNAMICS 34
4.1 INTRODUCTION 34
4.2 DRIVERS 35
4.2.1 Growing Construction Industry create a Prospect for Acoustic Panels 35
4.2.2 Increasing Awareness of Noise Pollution 35
4.2.3 DRIVERS IMPACT ANALYSIS 36
4.3 RESTRAINT 36
4.3.1 Low Awareness and high acoustic panel prices will limit product adoption 36
4.3.2 RESTRAINT IMPACT ANALYSIS 37
4.4 OPPORTUNITIES 37
4.4.1 Rising Need from the Commercial Construction 37
4.4.2 Sustainable Acoustic Solutions to Drive Market Growth 37
4.5 COVID 19 IMPACT ANALYSIS 38
4.5.1 covid 19 impact on the overall construction industry 38
4.5.1.1 ECONOMIC IMPACT 38
4.5.2 Impact on Acoustic panels Market 38
4.5.3 Impact on Market Demand 39
4.5.3.1 Impact due to restrictions/lockdown 39
4.5.3.2 Consumer Sentiments 39
4.5.4 Impact on Pricing of ACOUSTIC PANELS MARKET 39
5 MARKET FACTOR ANALYSIS 40
5.1 PORTER'S FIVE FORCES MODEL 40
5.1.1 Threat of New Entrants 40
5.1.2 Bargaining Power of Suppliers 40
5.1.3 Threat of Substitutes 41
5.1.4 Bargaining Power of Buyers 41
5.1.5 intensity of Rivalry 41
5.2 SUPPLY/ VALUE CHAIN ANALYSIS 42
5.2.1 raw material/Components providers 42
5.2.2 MANUFACTURING 43
5.2.3 distributors & retailers 43
5.2.4 end user 43
6 INDIA ACOUSTIC PANELS MARKET, BY PRODUCT TYPE 44
6.1 INTRODUCTION 44
6.1 WALL-MOUNTED PANELS 45
6.2 CEILING-MOUNTED PANELS 46
6.3 FREESTANDING PANELS 46
7 INDIA ACOUSTIC PANELS MARKET, BY MATERIAL 47
7.1 INTRODUCTION 47
7.1 FIBERGLASS 50
7.2 FOAM 50
7.3 WOODEN 50
7.4 OTHERS 50
8 INDIA ACOUSTIC PANELS MARKET, BY FUNCTIONALITY 51
8.1 INTRODUCTION 51
8.1 SOUND ABSORPTION 52
8.2 SOUNDPROOFING 52
8.3 DIFFUSION 52
8.4 COMBINATION 53
9 INDIA ACOUSTIC PANELS MARKET, BY APPLICATION 54
9.1 OVERVIEW 54
9.1 COMMERCIAL 56
9.2 RESIDENTIAL 56
9.3 INDUSTRIAL 57
10 INDIA ACOUSTIC PANELS MARKET, BY MODE OF SALE 58
10.1 INTRODUCTION 58
10.2 THROUGH CONSULTANT 59
10.3 DIRECT PURCHASE 59
11 COMPETITIVE LANDSCAPE 60
11.1 INTRODUCTION 60
11.2 MARKET SHARE ANALYSIS, 2022 60
11.3 COMPETITOR DASHBOARD 61
11.4 WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS? 62
11.5 WHO ARE THE MARKET DISRUPTORS & INNOVATORS? 62
11.6 COMPARATIVE ANALYSIS: KEY PLAYERS FINANICAL 63
11.7 THE LEADING PLAYER IN TERMS OF THE NUMBER OF RECENT DEVELOPMENTS IN THE MARKET 67
11.8 KEY DEVELOPMENTS & GROWTH STRATEGIES 67
11.8.1 Product launch and developments 67
11.8.2 expansion 68
11.8.3 partnership 68
11.8.4 MERGER AND ACQUISITION 69
11.8.5 events 69
12 COMPANY PROFILES 70
12.1 ROCKWOOL A/S 70
12.1.1 COMPANY OVERVIEW 70
12.1.2 FINANCIAL OVERVIEW 71
12.1.3 PRODUCTS OFFERED 72
12.1.4 KEY DEVELOPMENTS 72
12.1.5 SWOT ANALYSIS 73
12.1.6 KEY STRATEGIES 73
12.2 KNAUF GROUP 74
12.2.1 Company Overview 74
12.2.2 Financial Overview 74
12.2.3 Products Offered 74
12.2.4 KEY DEVELOPMENTS 75
12.2.5 SWOT Analysis 75
12.2.6 Key Strategies 76
12.3 SAINT-GOBAIN 77
12.3.1 COMPANY OVERVIEW 77
12.3.2 FINANCIAL OVERVIEW 77
12.3.3 PRODUCTS OFFERED 78
12.3.4 KEY DEVELOPMENTS 78
12.3.5 SWOT ANALYSIS 81
12.3.6 KEY STRATEGIES 81
12.4 CREDENCE INDUSTRIES 82
12.4.1 COMPANY OVERVIEW 82
12.4.2 FINANCIAL OVERVIEW 82
12.4.3 PRODUCTS OFFERED 82
12.4.4 KEY DEVELOPMENTS 83
12.4.5 SWOT ANALYSIS 83
12.4.6 KEY STRATEGIES 83
12.5 ACOUSTICAL SURFACES INC. 84
12.5.1 Company Overview 84
12.5.2 Financial Overview 84
12.5.3 Products Offered 84
12.5.4 KEY DEVELOPMENTS 85
12.5.5 SWOT Analysis 86
12.5.6 Key Strategies 86
12.6 MAHABIR MULTI TECH PRIVATE LIMITED 87
12.6.1 COMPANY OVERVIEW 87
12.6.2 FINANCIAL OVERVIEW 87
12.6.3 PRODUCTS OFFERED 87
12.6.4 KEY DEVELOPMENTS 88
12.6.5 SWOT ANALYSIS 88
12.6.6 KEY STRATEGIES 88
12.7 TOPAKUSTIK AG 89
12.7.1 Company Overview 89
12.7.2 Financial Overview 89
12.7.3 Products Offered 89
12.7.4 KEY DEVELOPMENTS 89
12.7.5 SWOT Analysis 90
12.7.6 Key Strategies 90
12.8 ANUTONE ACOUSTICS LIMITED 91
12.8.1 COMPANY OVERVIEW 91
12.8.2 FINANCIAL OVERVIEw 91
12.8.3 PRODUCTS OFFERED 91
12.8.4 KEY DEVELOPMENTS 91
12.8.5 SWOT ANALYSIS 92
12.8.6 KEY STRATEGIES 92
12.9 HUNTER DOUGLAS INC. 93
12.9.1 Company Overview 93
12.9.2 Financial Overview 93
12.9.3 Products Offered 93
12.9.4 KEY DEVELOPMENTS 93
12.9.5 SWOT Analysis 94
12.9.6 Key Strategies 94
12.10 ENVIROTECH SYSTEMS LIMITED 95
12.10.1 COMPANY OVERVIEW 95
12.10.2 FINANCIAL OVERVIEW 95
12.10.3 PRODUCTS OFFERED 95
12.10.4 KEY DEVELOPMENTS 95
12.10.5 SWOT ANALYSIS 96
12.10.6 KEY STRATEGIES 96
LIST OF TABLES
TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT 32
TABLE 2 INDIA ACOUSTIC PANELS MARKET, BY PRODUCT TYPE, 2018-2032 (USD MILLION) 44
TABLE 3 INDIA ACOUSTIC PANELS MARKET, BY PRODUCT TYPE, 2018-2032 (MILLION SQ.FT.) 45
TABLE 4 INDIA ACOUSTIC PANELS MARKET, BY CEILING-MOUNTED PANELS, 2018-2032 (USD MILLION) 45
TABLE 5 INDIA ACOUSTIC PANELS MARKET, BY CEILING-MOUNTED PANELS, 2018-2032 (MILLION SQ.FT.) 45
TABLE 6 INDIA ACOUSTIC PANELS MARKET, BY MATERIAL, 2018-2032 (USD MILLION) 47
TABLE 7 INDIA ACOUSTIC PANELS MARKET, BY MATERIAL, 2018-2032 (MILLION SQ.FT.) 48
TABLE 8 INDIA ACOUSTIC PANELS MARKET, BY FIBERGLASS, 2018-2032 (USD MILLION) 48
TABLE 9 INDIA ACOUSTIC PANELS MARKET, BY FIBERGLASS, 2018-2032 (MILLION SQ.FT.) 48
TABLE 10 INDIA ACOUSTIC PANELS MARKET, BY FOAM, 2018-2032 (USD MILLION) 49
TABLE 11 INDIA ACOUSTIC PANELS MARKET, BY FOAM, 2018-2032 (MILLION SQ.FT.) 49
TABLE 12 INDIA ACOUSTIC PANELS MARKET, BY WOODEN, 2018-2032 (USD MILLION) 49
TABLE 13 INDIA ACOUSTIC PANELS MARKET, BY WOODEN, 2018-2032 (MILLION SQ.FT.) 49
TABLE 14 INDIA ACOUSTIC PANELS MARKET, BY FUNCTIONALITY, 2018-2032 (USD MILLION) 51
TABLE 15 INDIA ACOUSTIC PANELS MARKET, BY FUNCTIONALITY, 2018-2032 (MILLION SQ.FT.) 52
TABLE 16 INDIA ACOUSTIC PANELS MARKET, BY APPLICATION, 2018-2032 (USD MILLION) 54
TABLE 17 INDIA ACOUSTIC PANELS MARKET, BY APPLICATION, 2018-2032 (MILLION SQ.FT.) 55
TABLE 18 INDIA ACOUSTIC PANELS MARKET, BY COMMERCIAL, 2018-2032 (USD MILLION) 55
TABLE 19 INDIA ACOUSTIC PANELS MARKET, BY COMMERCIAL, 2018-2032 (MILLION SQ.FT.) 55
TABLE 20 INDIA ACOUSTIC PANELS MARKET, BY INDUSTRIAL, 2018-2032 (USD MILLION) 56
TABLE 21 INDIA ACOUSTIC PANELS MARKET, BY INDUSTRIAL, 2018-2032 (MILLION SQ.FR.) 56
TABLE 22 INDIA ACOUSTIC PANELS MARKET, BY MODE OF SALE, 2018-2032 (USD MILLION) 58
TABLE 23 INDIA ACOUSTIC PANELS MARKET, BY MODE OF SALE, 2018-2032 (MILLION SQ.FT.) 58
TABLE 24 WHO ARE THE MARKET DISRUPTORS & INNOVATORS? 62
TABLE 25 COMPARATIVE ANALYSIS: KEY PLAYERS FINANICAL 63
TABLE 26 COMPETITOR DASHBOARD 63
TABLE 27 MOST ACTIVE PLAYER IN THE INDIAN ACOUSTIC PANELS MARKET 67
TABLE 28 PRODUCT LAUNCH AND DEVELOPMENTS 67
TABLE 29 EXPANSION 68
TABLE 30 PARTNERSHIP 68
TABLE 31 MERGER AND ACQUISITION 69
TABLE 32 EVENTS 69
TABLE 33 ROCKWOOL A/S: PRODUCTS OFFERED 72
TABLE 34 ROCKWOOL A/S: KEY DEVELOPMENTS 72
TABLE 35 KNAUF GROUP: PRODUCTS OFFERED 74
TABLE 36 KNAUF GROUP: KEY DEVELOPMENTS 75
TABLE 37 SAINT-GOBAIN.: PRODUCTS OFFERED 78
TABLE 38 SAINT-GOBAIN.: KEY DEVELOPMENTS 78
TABLE 39 CREDENCE INDUSTRIES: PRODUCTS OFFERED 82
TABLE 40 CREDENCE INDUSTRIES: KEY DEVELOPMENTS 83
TABLE 41 ACOUSTICAL SURFACES INC.: PRODUCTS OFFERED 84
TABLE 42 ACOUSTICAL SURFACES INC.: KEY DEVELOPMENTS 85
TABLE 43 MAHABIR MULTI TECH PRIVATE LIMITED: PRODUCTS OFFERED 87
TABLE 44 MAHABIR MULTI TECH PRIVATE LIMITED: KEY DEVELOPMENTS 88
TABLE 45 TOPAKUSTIK AG: PRODUCTS OFFERED 89
TABLE 46 TOPAKUSTIK AG: KEY DEVELOPMENTS 89
TABLE 47 ANUTONE ACOUSTICS LIMITED: PRODUCTS OFFERED 91
TABLE 48 ANUTONE ACOUSTICS LIMITED: KEY DEVELOPMENTS 91
TABLE 49 HUNTER DOUGLAS INC.: PRODUCTS OFFERED 93
TABLE 50 HUNTER DOUGLAS INC.: KEY DEVELOPMENTS 93
TABLE 51 ENVIROTECH SYSTEMS LIMITED: PRODUCTS OFFERED 95
LIST OF FIGURES
FIGURE 1 INDIA ACOUSTIC PANELS MARKET: STRUCTURE 19
FIGURE 2 MARKET DYNAMICS OVERVIEW 34
FIGURE 3 DRIVERS IMPACT ANALYSIS: INDIA ACOUSTIC PANELS MARKET 36
FIGURE 4 RESTRAINT IMPACT ANALYSIS: INDIA ACOUSTIC PANELS MARKET 37
FIGURE 6 INDIA ACOUSTIC PANELS MARKET: SUPPLY / VALUE CHAIN 42
FIGURE 7 INDIA ACOUSTIC PANELS MARKET, BY PRODUCT TYPE, 2023 (% SHARE) 44
FIGURE 8 INDIA ACOUSTIC PANELS MARKET, BY MATERIAL, 2023 (% SHARE) 47
FIGURE 9 INDIA ACOUSTIC PANELS MARKET, BY FUNCTIONALITY, 2023 (% SHARE) 51
FIGURE 10 INDIA ACOUSTIC PANELS MARKET, BY APPLICATION, 2023 (% SHARE) 54
FIGURE 11 INDIA ACOUSTIC PANELS MARKET, BY MODE OF SALE, 2023 (% SHARE) 58
FIGURE 12 INDIAN ACOUSTIC PANELS PLAYERS: COMPETITIVE ANALSIS, 2022 60
FIGURE 13 COMPETITOR DASHBOARD: INDIAN ACOUSTIC PANELS MARKET 61
FIGURE 14 ROCKWOOL A/S: FINANCIAL OVERVIEW 71
FIGURE 15 ROCKWOOL A/S: SWOT ANALYSIS 73
FIGURE 16 KNAUF GROUP: SWOT ANALYSIS 75
FIGURE 17 SAINT-GOBAIN: FINANCIAL OVERVIEW SNAPSHOT 77
FIGURE 18 SAINT-GOBAIN: SWOT ANALYSIS 81
FIGURE 19 CREDENCE INDUSTRIES: FINANCIAL OVERVIEW SNAPSHOT 82
FIGURE 20 CREDENCE INDUSTRIES.: SWOT ANALYSIS 83
FIGURE 21 ACOUSTICAL SURFACES INC.: SWOT ANALYSIS 86
FIGURE 22 MAHABIR MULTI TECH PRIVATE LIMITED: SWOT ANALYSIS 88
FIGURE 23 TOPAKUSTIK AG: FINANCIAL OVERVIEW SNAPSHOT 89
FIGURE 24 TOPAKUSTIK AG: SWOT ANALYSIS 90
FIGURE 25 ANUTONE ACOUSTICS LIMITED: FINANCIAL OVERVIEW SNAPSHOT 91
FIGURE 26 ANUTONE ACOUSTICS LIMITED: SWOT ANALYSIS 92
FIGURE 27 HUNTER DOUGLAS INC.: FINANCIAL OVERVIEW SNAPSHOT 93
FIGURE 28 HUNTER DOUGLAS INC.: SWOT ANALYSIS 94
FIGURE 29 ENVIROTECH SYSTEMS LIMITED: SWOT ANALYSIS 96
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