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Acoustic Panel Market Share

Report ID: GMI6116
Published Date: Jul 2024
Report Format: PDF

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Acoustic Panel Market Share

The global acoustic panel industry is fragmented, with prominent players, such as Saint-Gobain S.A. Armstrong World Industries, Inc. Knauf Insulation Beijing New Building Material (Group) Co., Ltd. (BNBM) USG Corporation holding a market share of 20-25%. These companies dominate the market due to their extensive research and development capabilities, strong global distribution networks, and strategic partnerships within the industry.

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

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of acoustic panel was reached USD 12.4 billion in 2023 and is anticipated to register 6.4% CAGR between 2024 and 2032, driven by increasing awareness of noise pollution.

The mineral wool acoustic panel market size exceeded USD 4.8 billion in 2023 and is expected to cross USD 8.6 billion by 2032, owing to its excellent sound absorption properties and fire resistance.

Asia Pacific acoustic panel market generated USD 4.1 billion in 2023, and is expected to reach USD 5 billion by 2032, driven by rapid urbanization.

Armstrong World Industries, Inc, BASF SE, Beijing New Building Material (Group) Co., Ltd. (BNBM), CertainTeed, Ecophon Group, and Hunter Douglas N.V. among others.