ID: MRFR/CO/5237-HCR | February 2021 | Region: Global | 100 pages
Increase awareness for noise pollution along with the high rate of urbanization. It is estimated soundproof curtains market size will reach a CAGR of 7.1 % worth US$2318 million by 2028.Soundproof Curtains help in optimizing space through the provision of control on lights and sound and reverberation. It is considered as part of acoustic components which are usually manufactured from fiberglass insulation and polymeric sound barrier.
In the industries, acoustic enclosures are in high use to protect high sound pollution from pumps, compressors, fans, vacuums, and others. Owing to features like easy installation, low maintenance, and provision of adequate thermal insulation. It prevents echo within the room while it is heavy and durable. Also, there is considerate advancement in material technology along with the rise in construction activities globally.
The pandemic has negatively impacted global economies. As social distancing norms have resulted in indefinite series of lockdowns, travel bans, and closures of business. The material industry is severely impacted due to disruption in the supply chain. A majority of the factories and plants are in China which is the centre of a pandemic outbreak. There has completed lockdown of factories and manufacturing units in China which disrupting the global supply chain of materials.
It is expected that in the medium and short- term, there will be a slump in delivery and sales. Also, sealed national boundaries in countries like Asia, Europe, and North America have restricted partnership and collaboration for technical development in soundproof materials. In addition to this, many big construction projects globally are on standstill due to social distancing norms and lack of investments. These factors have hampered soundproof curtains market growth.
From the year 2016, the competitive landscape has been changing. It includes product enhancement, minimization of costs, and technological advancements. In addition to this, high investments are being done in creating a robust supply chain.
Market players include -
Sound Seal (U.S), Lantal Textiles (Switzerland), Hofa-Akustik (Germany), SGF (Italy), Ecotone Systems (India), AmCraft Industrial Curtain wall (U.S.), Kinetics Noise Controls (U.S.), and Great Lakes Textiles (U.S.).
Acoustical Surfaces Inc. introduced a range of wall and ceiling panels under Envirocoustic Wood Wools. It is capable of absorbing sound as well as providing thermal insulation. This can be purchased in a variety of colours and sizes as per the décor. In the year 2016, Sound Seal aimed in securing a high leadership position in the US by the acquisition of IAC Acoustics. Also, Sound Seal acquired Proud Foot Company in 2017 to penetrate new markets of noise pollutions.
Drivers- The main driver for soundproof curtains market growth is the rise of health issues related to hearing. In recent years, people are being detected with iting disorders like hearing loss, sleeping issues, and high risks of stress and heart-related issues. Also, governments and international agencies have imposed regulations to control noise pollution. Thus, industries, as well as residents, highly demand acoustic solutions made of glass wool and vinyl.
Opportunities- Additionally, there have been increased rates of noise due to industrialization and urbanization. As per, World Health Organization, exposure to 85 dB for more than 8 hours is hazardous. It can lead to health issues like hypertension, hearing loss, sleep disturbance, dementia, cardiovascular dysfunctions, and others.
Also, manufacturers in the soundproof curtain market can reap the opportunities of high demand for glass wool products. As it provides higher thermal and acoustic insulations than others. The demand for glass wool-based solutions has increased in the construction and residential sectors. There has been high demand from commercial buildings for soundproof curtains. Due to recent building standards in Asia Pacific regions.
Restraints- The price of acoustic materials used in soundproof curtains is highly volatile. Raw materials like fiberglass, vinyl, natural fibres are costly due to which the curtains are expensive. Due to the high price volatility, the supply chain, installation, and price of soundproof curtains are highly influenced. This restricts the affordability of all individuals and hence limits the soundproof curtains market growth.
Challenges- Glass wool and types of vinyl are major components of soundproof curtains. They are cost-effective, however, they are non-recyclable. This is a major challenge for the manufacturers as they are being pressured for adopting eco-friendly solutions. Also, the disposal processes of glass wool are highly technical requiring high personnel safety. Soundproof curtains market growth is restricted in emerging economies due to disposal and recycling issues.
In the developing regions, manufacturers are required to create safe disposal techniques as Asia- Pacific is the largest market for glass wool. The soundproof curtains industry might also face a challenge in expanding the market growth as demand for soundproof products and audio panels have increased. This might substitute the market demand for soundproof curtains.
Cumulative Growth Analysis- In countries like China, India, Indonesia, South Korea have increased spending on infrastructural activities which will benefit the market growth. Also, in Europe and North America, the reconstruction and refurbishment investment will improve the market demand for soundproof curtains. In addition to this, the soundproof curtains industry might witness high growth if recyclable techniques are developed in the upcoming years. As eco-friendly and sustainable construction projects are on the rise.
Since strict regulations are imposed for environmental protection, it has become important soundproof curtains industry to develop advanced and less costly soundproofing curtains. Because resident and residential demands have been rising which can shape the soundproof curtains outlook.
Value Chain Analysis
The soundproof curtains help in reducing noise pollution significantly. As they are composed of more than one layer of thick materials. The layers are made of decorative fabrics from glass wool, rock wool, plastic foams, natural fibres, and others. In the last few years, governments have developed stringent regulations for controlling environmental pollution.
Europe is considered a developed market as it is majorly driven by stringent regulation and the high recovery rate of the construction industry. Specifically, in Asia- pacific regions building codes are changed due to which soundproof curtain market growth will be propelled.
The soundproof curtains industry is segmented into submarkets like type, material, and end-user. It is estimated that soundproof curtains market trends are changing due to shifts in competition, small size availability, and technological innovation.
Europe is matured market for soundproof curtains due to environmental regulation and construction demand. During the forecast period, it is estimated that Asia- Pacific will be the highest developing region. Owing to an increase in disposable income, increase developmental projects, high population growth, and changing economic conditions. Especially in countries like China, the availability of cheap labour is high which eases the establishment of manufacturing units. In North America and the rest of the countries, high market growth is expected due to high spending on refurbishments and reconstruction.
This report highlights business priorities by the inclusion of the following heads
|Market Size||2030: Significant Value|
|CAGR||6% CAGR (2022-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Technology, by Application, by Material|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Flexshield (Australia), Acoustical Surfaces, Inc. (The US), Sound Seal (The US), Kinetics Noise Control, Inc. (The US), Lantal (Switzerland), AmCraft Industrial Curtain Wall (The US), Hofa-Akustik (Germany), Great Lakes Textiles (The US), SGF (Italy), and Ecotone Systems (India)|
|Key Market Opportunities||Growth in in residential and non-residential construction activities|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Global soundproof curtains market is projected to grow at approximately 6% CAGR during the assessment period (2022-2030).
The valuation of the global soundproof curtains market is estimated to increase to USD 2,450 MN by the end of 2030.
Rising awareness about benefits and increasing popularity of soundproof curtains in creating a more calming, healing environment, are major tailwinds pushing the growth of the global soundproof curtains market.
Europe holds the largest share in the global soundproof curtains market, followed by North America and the Asia Pacific, respectively.
Flexshield (Australia), Ecotone Systems (India), Acoustical Surfaces, Inc. (US), SGF (Italy), Sound Seal (US), Great Lakes Textiles (US), Kinetics Noise Control, Inc. (US), Hofa-Akustik (Germany), AmCraft Industrial Curtain Wall (US), and Lantal (Switzerland), are some of the top players operating in the global soundproof curtains market.