Acoustic Panel Market To Expand at 6.8% CAGR by 2034

Updated · Jun 2, 2025

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Table of Contents

Overview
Key Takeaways
How Growth is Impacting the Economy
Global Businesses and Strategies
Report Scope
Key Market Segments
Regional Analysis
Recent Developments
Conclusion

Overview

New York, NY – June 02, 2025 – The Global Acoustic Panel Market is growing fast, driven by rising demand for noise control in offices, homes, and entertainment spaces. In 2024, the market was valued at USD 7.0 billion, but it’s expected to nearly double, reaching USD 13.5 billion by 2034, growing at a 6.8% CAGR.

In 2024, Fabric Acoustic Panels commanded a leading 38.3% share in the Acoustic Panel Market’s product segment. Their popularity stems from the strong demand for visually appealing and acoustically efficient solutions in commercial spaces, such as offices, auditoriums, and conference rooms. Hexagon-shaped panels secured a dominant 31.9% share in the Acoustic Panel Market’s shape segment.

Their geometric design and modular flexibility make them a top choice for both commercial and residential settings, striking a balance between aesthetic appeal and effective sound absorption. Commercial Buildings accounted for a commanding 43.2% share in the Acoustic Panel Market’s application segment. The growing emphasis on noise control in office spaces, conference rooms, and public areas has spurred demand for acoustic panels. North America led the Acoustic Panel Market in 2024, capturing a commanding 43.9% share with a market value of USD 3.0 billion.

Key Takeaways

Global Acoustic Panel Market is expected to be worth around USD 13.5 billion by 2034, up from USD 7.0 billion in 2024, and grow at a CAGR of 6.8% from 2025 to 2034.
In 2024, Fabric Acoustic Panels held a dominant 38.3% market share, driven by aesthetic appeal.
Hexagon-shaped acoustic panels captured 31.9% market share, preferred for their versatile design and sound control.
Commercial buildings accounted for 43.2% of the acoustic panel market, driven by increased construction activities.
The Acoustic Panel Market in North America reaches USD 3.0 billion, capturing 43.9%.

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How Growth is Impacting the Economy

The Acoustic Panel Market’s robust growth significantly influences the global economy by fostering job creation, innovation, and sustainable practices. The market’s expansion, projected to reach USD 13.5 billion by 2034, drives employment in manufacturing, R&D, and installation sectors, particularly in urbanizing regions like North America. Investments in eco-friendly materials align with green building initiatives, reducing environmental costs and boosting economic sustainability.

Increased construction activities, especially in commercial and residential projects, stimulate related industries like real estate and interior design. However, high initial costs and lack of standardization pose challenges, potentially slowing adoption in price-sensitive markets. The market’s focus on noise reduction enhances workplace productivity, indirectly contributing to economic gains by improving employee well-being and operational efficiency in commercial spaces.

Global Businesses and Strategies

The Acoustic Panel Market’s growth compels global businesses to innovate and adapt. Companies invest heavily in R&D to develop sustainable, high-performance panels, aligning with green building trends. Strategic partnerships with architects and construction firms enhance market reach, while acquisitions strengthen regional presence. Businesses must address high costs and standardization issues to penetrate price-sensitive markets.

Emphasizing customizable, aesthetically pleasing panels caters to modern design demands, particularly in commercial spaces. Firms adopting eco-friendly materials gain competitive edges in regions with strict environmental regulations, like Europe, ensuring long-term profitability and market leadership in a rapidly evolving industry.

Report Scope

Market Value (2024)	USD 7.0 Billion
Forecast Revenue (2034)	USD 13.5 Billion
CAGR (2025-2034)	6.8%
Segments Covered	By Product (Fabric Acoustic Panel, Mineral Wool Acoustic Panel, Polyester Acoustic Panel, Wooden Acoustic Panel, Others), By Shape (Triangle, Pentagon, Circle, Two-part circle, Diamond, Hexagon, Ellipse, Star), By Application (Commercial Buildings, Residential Buildings, Industrial Buildings, Educational Institutions, Healthcare Facilities, Others)
Competitive Landscape	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

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Key Market Segments

By Product Analysis

In 2024, Fabric Acoustic Panels commanded a leading 38.3% share in the Acoustic Panel Market’s product segment. Their popularity stems from the strong demand for visually appealing and acoustically efficient solutions in commercial spaces, such as offices, auditoriums, and conference rooms. These panels excel in sound absorption while enhancing interior aesthetics, making them widely adopted in commercial and institutional environments.
Urban construction growth and heightened awareness of noise pollution control further fuel the segment’s expansion. Innovations in fire-resistant and eco-friendly fabric materials have solidified their appeal among architects and designers. Additionally, the focus on acoustic optimization in educational and healthcare facilities, where noise control is vital for functionality and well-being, continues to drive growth.

By Shape Analysis

In 2024, Hexagon-shaped panels secured a dominant 31.9% share in the Acoustic Panel Market’s shape segment. Their geometric design and modular flexibility make them a top choice for both commercial and residential settings, striking a balance between aesthetic appeal and effective sound absorption. The rise of open-plan offices and collaborative workspaces has boosted demand for innovative acoustic solutions like hexagon panels.
These panels reduce noise while enabling creative configurations, making them ideal for auditoriums, conference halls, and educational spaces. Their popularity in hospitality and retail sectors, where they serve both functional and decorative roles, further strengthens their market position. Customizable options in colors, textures, and materials enhance their versatility, supporting their widespread use in modern interior design.

By Application Analysis

In 2024, Commercial Buildings accounted for a commanding 43.2% share in the Acoustic Panel Market’s application segment. The growing emphasis on noise control in office spaces, conference rooms, and public areas has spurred demand for acoustic panels. The proliferation of corporate offices and co-working spaces has heightened the need for soundproofing to enhance productivity and reduce distractions.
The hospitality sector, including hotels and restaurants, increasingly adopts acoustic panels to create serene, comfortable environments for customers. Educational institutions also contribute to demand, using panels to manage noise in classrooms and auditoriums. Stringent building codes mandating sound management in commercial structures further bolster the segment’s dominance.

Regional Analysis

North America led the Acoustic Panel Market in 2024, capturing a commanding 43.9% share with a market value of USD 3.0 billion. This dominance is fueled by widespread use of acoustic panels in commercial spaces, educational institutions, and public buildings to combat noise pollution and improve sound quality.
Europe trails closely, driven by increased investments in sustainable building materials and strict noise control regulations in urban construction. In the Asia Pacific region, rapid urbanization and infrastructure growth, especially in China and India, are boosting demand for acoustic solutions, offering significant opportunities for manufacturers.
The Middle East & Africa region is seeing a gradual rise in acoustic panel adoption, propelled by growing commercial construction and a focus on sound management in hospitality sectors like hotels and resorts. Latin America, though still an emerging market, is poised for growth as awareness of noise pollution and the need for acoustic comfort increases.

Recent Developments

1. Armstrong World Industries, Inc.

Armstrong recently launched Ultima Clean Room Ceiling Panels, designed for noise control in sterile environments like labs and hospitals. These panels combine acoustic performance with antimicrobial properties. The company also expanded its Dune Acoustic Solutions, offering customizable 3D designs for modern offices. Armstrong continues to focus on sustainable materials, with many products containing recycled content.

2. BASF SE

BASF introduced Slentex, a lightweight, high-performance acoustic material made from recycled PET. It’s used in offices, schools, and transportation hubs. The company also partnered with automakers to integrate acoustic panels in electric vehicles for noise reduction. BASF emphasizes eco-friendly solutions, aligning with global sustainability goals.

3. Beijing New Building Material (Group) Co., Ltd. (BNBM)

BNBM launched Starfire Acoustic Panels, featuring enhanced fire resistance and sound absorption for commercial spaces. The company is expanding in Asia-Pacific, targeting smart buildings and green construction. BNBM also invested in R&D for bio-based acoustic materials, reducing environmental impact.

4. CertainTeed (Saint-Gobain)

CertainTeed’s Symphony Acoustic Ceiling Panels now offer improved NRC ratings for better noise control in offices and schools. The company also introduced EcoSmart, a sustainable line with high recycled content. CertainTeed focuses on circular economy practices, reclaiming old panels for recycling.

5. Ecophon Group (Saint-Gobain)

Ecophon launched Hybrid, a sound-absorbing solution combining panels and baffles for flexible workspace designs. Their Bio-based Acoustic Panels, made from renewable materials, gained traction in Europe. The company also introduced SoundHub Digital, a tool for real-time acoustic monitoring in buildings.

Conclusion

The Acoustic Panel Market is on a strong growth path. Rising demand from offices, healthcare, education, and entertainment sectors is fueling this growth, as noise control becomes a priority for productivity and comfort. Innovations in eco-friendly materials, customizable designs, and smart acoustic solutions are creating new opportunities. With urbanization, stricter noise regulations, and increasing awareness of sound management, the market is set for steady expansion. Companies investing in sustainable and high-performance acoustic solutions will lead this evolving industry.