Soundproof
sealing strips are used to provide an airtight and noise proof barrier at the
joints between panels, walls, windows, doors among others. Rising construction
activities across the globe coupled with increasing public awareness regarding
noise pollution control measures have boosted the demand for soundproof sealing
strips. Growing demand for insulation and noise control in residential as well
as commercial buildings such as offices, hotels, factories to provide peaceful
environment has propelled the growth of this market.
The Global
Soundproof Sealing Strip Market size was valued at US$ 1,007.4 million
in 2023 and is expected to reach US$ 1,494.9 million by 2030, growing
at a compound annual growth rate (CAGR) of 5.8 % from 2023 to 2030.
2024 to 2031.
Key Takeaways
Key players operating in the soundproof sealing strip market are PPG
Industries, Inc., Axalta Coating Systems, LLC, BASF SE, Sherwin-Williams
Company, Nippon Paint Holdings Co., Ltd., Kansai Paint Co., Ltd., Akzo Nobel
N.V., 3M Company, KCC Corporation, Noroo Holdings Co., Ltd., Valspar
Corporation, Jotun Group, Hempel A/S, Carpoly Chemical Group Co., Ltd.,
Guangdong Maydos Building Materials Limited Company. PPG Industries, Inc. and
Axalta Coating Systems, LLC hold significant Soundproof
Sealing Strip Market.
Market opportunities lie in product innovation and development of sustainable
and eco-friendly soundproof sealing strips. Rising home improvement and
renovation activities are expected to drive the demand.
Key players are focusing on geographical expansion strategies across emerging
nations to tap the untapped market potential. Growing foreign direct
investments in construction sector of developing countries will augment the
demand for soundproof sealing strips in the global market over the forecast
period.
Market drivers – Rapid urbanization
and growing construction of commercial buildings such as offices, hotels,
factories will drive the market growth. Stringent noise control regulations
across countries will also propel the demand.
Market restraints – Volatility in raw material prices such as polymers and
additives can hamper the market growth. High cost of advanced soundproof
sealing strips may also limit their demand from price sensitive regions.
Segment Analysis
The
soundproof sealing strip market is dominated by the door segment. Door
soundproof sealing strips help prevent noise from getting in or out of a room
through gaps around doors. They are the most common means of soundproofing as
doors are one of the largest sources of noise transfer. Door sealing strips
account for over 35% of the total soundproof sealing strip market due to their
widespread use in homes, offices, auditoriums, hospitals and other commercial
spaces where noise control is important.
Global Analysis
The Asia Pacific
region holds the largest share in the soundproof sealing strip market and is
expected to maintain its dominance over the forecast period. Rapid urbanization
and rising disposable incomes have led to higher construction activity in the
region. There is growing awareness among builders as well as homeowners about
the importance of soundproofing for maximizing privacy and residential
well-being. North America is another major regional market driven by stringent
regulations regarding noise pollution. Europe follows closely, supported by
high acceptance of green building concepts.
Gets More Insights on, Soundproof
Sealing Strip Market
About Author:
Money Singh is a seasoned content writer with over four years of
experience in the market research sector. Her expertise spans various
industries, including food and beverages, biotechnology, chemical and
materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)