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11630 SW 97 Street, Miami, Florida 33176, US
11630 SW 97 Street, Miami, Florida 33176, US
Soundproof Curtains Market is forecast to reach $2.9 billion by 2025, after growing at a CAGR of 7.1% during 2020-2025. Growing residential and non-residential construction across the globe, rising noise pollution, and rising health awareness; are the prime factors boosting the demand of soundproof curtains. Growing public interest towards sustainable soundproof products will further enhance the overall market demand for soundproof curtains/acoustic curtains during the forecast period. The report covers Soundproof Curtains market size by type and material, Soundproof Curtains market share by top 5 companies and also the market share by start-ups during the forecast period.
Key Takeaways
Material – Segment Analysis
Glass wool segment held the largest share in the soundproof curtains market in 2019 due to its major characteristics including excellent sound barrier, limit the transfer of heat, and better safety as compared to other materials. It’s comparatively stronger and longer-lasting. It is also mould-resistant and can withstand nature’s vagaries. All these factors contributing in the demand of glass wool in soundproof curtains market.
End-Use Industry – Segment Analysis
Commercial construction sector is the largest segment in soundproof curtains market in 2019. Rising commercial construction especially in developing nation of APAC and other region, new building standards, innovation and advancement in building safety and security, all these are the major factors contributing in the demand of soundproof curtains in commercial construction. Commercial construction activities in US is forecasted to grow with a CAGR of 4% in coming years which will further support overall market growth of soundproof curtains in commercial segment. Further, the growth in commercial construction activities in APAC region is likely to aid tremendous demand for soundproof curtains market.
Geography – Segment Analysis
Europe dominated the soundproof curtains market with a share of more than 36%, followed by APAC and North America. Stringent environmental regulation regarding noise pollution, adoption of advanced and innovative materials in construction activities, and growth in construction sector; are the prime factors contributing in the demand growth in Europe region. According to European Construction Industry Federation, construction output in Total EU was valued at $1.68 trillion in 2018 which has grown with more than 2% of CAGR from last five years. Germany and UK are the major market with the share of 25% and 14% respectively in total EU construction industry in 2018.
Drivers – Soundproof Curtains Market
Growth in construction sector along with advancement is the primary factor boosting the demand of soundproof curtains market. APAC region offers a huge growth potential for construction sector due to presence of major developing nations, rising disposable income of middle class, and standard of living. Construction market in APAC region is growing with exponential growth rate which will further support the demand of soundproof curtains market. According to IndustryARC expert insights, APAC construction market is estimated to grow with more than 6% of CAGR in next few years due to huge investment by private and public players, growing population, rising disposable income, and standard of living.
Various Governments are focusing on new building norms globally. Due to rising use of heavy machinery and industrial automation, noise pollution has taken place in large scale and it has become one of the major concern. Implementation of new building norms regarding the use of noise control products in developing nation is likely to aid in the market demand of soundproof curtains.
Challenges – Soundproof Curtains Market
The shift towards other soundproof products in the developed and developing nations would hamper the growth of the soundproof curtains market over the forecast timeframe. Acoustic/sound panel and other soundproof products may pose a challenger to soundproof curtains market. Acoustic Panels on walls or ceilings is the best way to eliminate echo, reverb and reduce overall ambient noise in any room. Also, acoustic panels are less expensive as compared to soundproof curtains which may impact the overall growth of the market.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the soundproof curtains market. In 2019, the market of soundproof curtains has been consolidated by the top five players accounting for xx% of the share. Major players in the Soundproof Curtains Market are Sound Seal, Lantal Textiles, Kinetics Noise Control, Amcraft Manufacturing, Great Lakes Textiles, Flexshield, Haining Duletai New Material, Acoustical Surfaces, eNoise Control, and HOFA-Akustik, among others.
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