Acoustic Panel Market Size - By Product, By Application, Analysis, Share, Growth Forecast, 2025 - 2034

Acoustic Panel Market Size

The global acoustic panel market size was estimated at USD 13.1 billion in 2024 and is expected to reach USD 24.2 billion by 2034, growing at a CAGR of 7.2% from 2025 to 2034, attributed to the increased awareness of the adverse effects of sound pollution and the importance of proper sound management in various settings. Urbanization, rising building standards, and a general demand to improve comfort in offices and homes have all contributed to the growing demand for these products. Noise reduction and sound quality enhancement through the application of acoustic panels are being embraced by construction, architecture, and interior design industries.
 

Moreover, the growth is helped by technological developments in materials and manufacturing processes, contributing to more effective and pleasing design of the panels. Also, the new commercial business including office, school, and healthcare facilities are likely to propel the market growth as these places focus on noise control and sound management for optimal productivity and well-being.
 

One of the challenges in the acoustic panel market is the high initial cost of quality acoustic panels, which can deter some potential customers, especially in price-sensitive markets or smaller businesses. This cost factor often leads to a preference for cheaper alternatives that may not provide the same level of acoustic performance, potentially slowing market penetration in certain sectors. Another challenge is the lack of standardization and awareness about acoustic performance metrics. Many end-users are not fully informed about the technical aspects of sound absorption and insulation, making it difficult for them to make informed decisions when selecting acoustic panels.
 

Acoustic Panel Market Trends

• The innovation of sustainable acoustic panels represents a marked change in the acoustic panel segment which augments their market potential. These eco-friendly panels are crafted from renewables or recyclables, meaning lower environmental impact and soundproofing and noise control are done at an optimum level. There is increased demand for these panels particularly in construction, design of offices, and entertainment because businesses and consumers are proactively focusing on sustainability.
   
• Moreover, Sustainable acoustic panels also enhance the quality of the environment because they help reduce pollution and meet several building regulations and certifications like LEED and BREAAM. Eco-friendly products are gaining focus in many regions and coupled with the need for better acoustic environments make the market for sustainable acoustic panels projected to increase significantly over the coming years. There is incredible potential for product development to create meaningful solutions that fulfill functional and environmental obligations to an increasing population aware of sustainability.
   
• Additionally, these aesthetic panels have undergone evaluation and proved to be efficient in the soundproofing of homes, restaurants, offices, classrooms and many other places. Troldtekt A/S planned to launch panels with a negative carbon footprint in November 2021. These products use the Troldtekt A/S FUTURECEM greener cement patented by the company.
   

Acoustic Panel Market Analysis

Based on product, In 2024, the mineral wool acoustic panel segment generated a revenue of USD 5.1 billion and is expected to grow at a CAGR of around 7.5% during 2025 to 2034.
 

• The mineral wool acoustic panel segment is a leading category in the market due to its sound absorption and thermal qualities alongside fire protection. These panels are produced for commercial, residential, and industrial purposes from natural or recycled minerals, such as basalt and slag. Mineral wool panels greatly mitigate noise and reverberation which makes them highly suitable for offices, theatres, classrooms, and healthcare facilities. Because of their ability to withstand high temperatures, it is also vital in areas where fire safety is a concern.
   
• Moreover, A good example of the application of these panels is in large commercial buildings which need to fulfill the safety and acoustics criteria. They are also eco-friendly as these panels incorporate recycled materials which are in line with the sustainability movements in construction and design. With the increasing demand for highly performing and eco-friendly products, the market for the mineral wool acoustic panel segment has been growing vastly.
   

Based on Application, In 2024, the construction segment accounted for over 45% market share and is expected to grow at the rate of 7.4% till 2034
 

• The construction sector has a large demand for acoustic panels due to heightened requirements for effective soundproofing in residential and commercial structures. Acoustic panels play an essential role in regulating the noise and sound quality in offices, schools, hospitals, and multi-family housing. Panels used in the construction industry are applied in walls, ceilings, and floors to minimize sound transmission and enhance privacy. For example, in urban residential buildings where external traffic or noise from adjacent units can be disturbing, quiet living environments are created by the installation of fiberglass or mineral wool acoustic panels.
   
• Furthermore, in order to control and limit noise to a greater extent, building regulations require the use of acoustic panels to ensure compliance with such guidelines. There is also an increasing focus on comfort, productivity, and well-being alongside sustainability in architectural design which shifts the focus to the construction sector as one of the drivers of growth in the acoustic panel industry.
   
• Moreover, the important construction companies are actively working toward creating more sustainable practices, and this is changing the construction industry. Because of this, many companies have started developing eco-friendly architectural acoustic panels. For example, Baux debuted its compostable acoustic panel in 2021. Likewise, in 2020, Soundtect introduced its acoustic panels called “Freestyle,” which are made of 70% recycled polyester from consumers.
   

• In 2024, Asia Pacific dominated the acoustic panel market with accounting to around 32.8% of the global market share and generated around USD 4.3 billion revenue in the same year owing to rapid urbanization, increasing construction activities, and growing awareness of the importance of sound management. Countries like China, Japan, India, and South Korea are experiencing a surge in demand for acoustic solutions across various sectors, including commercial real estate, residential buildings, and public infrastructure projects. The region's booming economies and rising middle class have led to an increased focus on quality-of-life issues, including noise reduction in living and working spaces. Furthermore, the adoption of stringent building codes and regulations regarding noise control in many Asia Pacific countries has accelerated the integration of acoustic panels in construction projects, thereby propelling the market.
   
• The North American acoustic panel market is set to grow significantly, fueled by the recovering construction industry in the U.S. With expansion in the construction industry, there is an increasing need for effective soundproofing, which is good for the acoustic panel business. According to the Oxford Economics report ‘Construction Outlook 2030’ the U.S construction market is forecasted to have greater growth compared to China for the next 15 years, this creates a good market scenario for acoustic panel companies. This growth is being driven by significant infrastructure spending, urban noise control requirements, and the green building movement within building construction.
   
• In Europe, the gentle but steady expansion of the acoustic panel market is fueled by the need for noise solutions in metropolitan spaces as well as the emphasis on construction sustainability. The harsh energy efficiency and sound control policy of the European Union is fueling the use of acoustic panels in both commercial and residential construction projects. There is increasing demand for green products such as environmentally responsible acoustic panels due to the stringent policies and green building certification systems like BREEAM and LEED. These countries have the highest consumption of sustainable building materials: Germany, the UK and France are on the lead in implementation of acoustic panels in new constructions and remodels.
   

Acoustic Panel Market Share

• The top 6 companies in the acoustic panel industry include Armstrong World Industries, Inc., BASF SE, Beijing New Building Material (Group) Co., Ltd. (BNBM), CertainTeed, Ecophon Group, and Hunter Douglas N.V., and they collectively hold a share of 23% in the market.
   
• These firms are persistently active in investing in research and development as well as launching new products to stay on top. As an example, certain named companies such as CertainTeed are concentrating on improving acoustic performance and sustainability using new material technologies, while Ecophon Group is coming up with innovations to enhance indoor environmental quality.
   
• Some industrial competitors are more concerned with sustaining competitive advantage through renewable and environmentally friendly solutions. Armstrong World Industries is also shifting towards eco-friendly advanced manufacturing processes along with other sustainable measures deemed as emerging industry standards. Like other business leaders, BASF SE is striving to achieve a balance between product excellence and eco-friendliness, which fosters the development of environmentally friendly construction materials.
   
• Armstrong World Industries, Inc.’s recent acquisitions have aided in increasing global competition in the acoustic panel market. For instance, Armstrong purchased an acoustic solutions business to diversify their product offerings and bolster their growth in strategic international markets. This purchase enables Armstrong to further diversify its business, especially in developing economies where there is an increasing need for building materials that are economical, environmentally friendly, and high quality.
   
• BASF SE has also been active and is looking at significant changes to improve its position in the market. The company has made investments in new technology and collaborated with other companies to develop sustainable and innovative solutions for acoustic panels. Due to BASF’s emphasis on sustainability and devotion to innovation, the company remains competitive in the market. Furthermore, BASF’s collaborations with construction industry leaders and designers aid the company’s reputation as the world’s premier acoustic panel solution provider by integrating construction projects with its panels.
   

Acoustic Panel Market Companies

Major players operating in the acoustic panel industry include:

• Armstrong World Industries, Inc.
• BASF SE
• Beijing New Building Material (Group) Co., Ltd. (BNBM)
• CertainTeed
• Ecophon Group
• Hunter Douglas N.V.
• Kingspan Group
• Knauf Insulation
• Owens Corning
• Quietstone UK Ltd
• Rockwool International A/S
• Saint-Gobain S.A.
• Troldtekt A/S
• USG Corporation
• Vicoustic
   

Acoustic Panel Market News

• In February 2024,  Autex Acoustics introduced its range of sound-proofing products, especially wood and stone resembling acoustic panels. For centuries, decorative materials such as travertine and marble, are still popular in modern interior design. With that in mind, Autex Acoustics has launched its stone collection which combines the look of veined stone with acoustic panels designed for sound absorption. As with so many other products in the Autex catalog, these are claimed to be an economical and outstripped replacement for standard acoustic cladding offered in several designs.
   
• In April 2024, Autex Acoustics launched its sound-dampening products with stunning wood and stone look alike acoustic panels. Travertine and marble have enjoyed centuries of usage in decor and are still popular in modern interiors. Understanding this evergreen Autex Acoustics has launched its stone collection with sound absorbing acoustic panels that imitate veined stone looking surfaces. Like other products in the brand's catalog, these surfaces also, according to Autex Acoustics, are modular and economical in comparison to conventional acoustic cladding-configured surfaces, coming in numerous designs.
   
• In July 2022, Armstrong World Industries announced the acquisition of Moz Designs, a designer and fabricator of custom architectural metal ceilings, walls, dividers, and column covers. This acquisition was aimed at expanding Armstrong's portfolio of architectural specialty solutions, including acoustic products.
   
• In March 2022, Rockwool launched a new range of acoustic ceiling panels called Rockfon Metal. These panels combine the sound absorption properties of stone wool with the aesthetics of metal, catering to the growing demand for both functional and visually appealing acoustic solutions in commercial spaces.
   
• In October 2022, Saint-Gobain announced the launch of a new range of acoustic ceiling solutions under their Ecophon brand. The new product line, called Ecophon Solo™ Textile, combines high sound absorption properties with a soft textile finish, offering both acoustic performance and aesthetic appeal. This launch was aimed at meeting the growing demand for flexible and design-oriented acoustic solutions in various commercial and public spaces.
   

The acoustic panel market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue ($ Mn/Bn) and Volume in Thousand Units from 2021 to 2034, for the following segments:

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Market, By Product

• Wooden acoustic panel
• Mineral wool acoustic panel
• Fabric acoustic panel
• Polyester acoustic panel

Market, By Application

• Construction
• Industrial
• Transportation

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada 
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea 
• Latin America
  • Brazil
  • Mexico 
• MEA
  • Saudi Arabia
  • UAE
  • South Africa