According to a research report by Global Market Insights Inc., the soundproof curtains market is expected to surpass $2.5 billion by 2024.
Increasing construction in the commercial sector, including hotels, hospitals, and educational institutes, will drive soundproof curtain market size from 2018 to 2024. Stringent government norms, rising noise pollution and increasing health awareness are the key drivers for the soundproof curtains market. Rising real estate demand and infrastructural projects will enhance the product demand.
Higher investment in residential sector owing to population inflation will drive the product demand. Strict government regulations including new environmental policies implementation regarding noise pollution will boost industry growth. In addition, increasing noise pollution awareness and its impacts will augment the soundproof curtains market share from 2018 to 2024.
Fiberglass soundproof curtains will surpass 550-million-square-meters by 2024. Key aspects including, ease of installation, cost and high R value are likely to propel product demand across the commercial sector. A rising tourism sector supported by government investments will drive product demand across hotel chains. For instance, China’s tourism sector contributed over $1.35 trillion to its GDP in 2017.
Government norms regrading noise pollution and industrial sector diversification will enhance the product penetration. Increasing sound pollution effect by expanding automotive domain, will also result in more product demand in the commercial sector. Upsurge in consumer spending and increasing awareness regarding noise pollution effects will drive soundproof curtains market growth in the residential sector.
Sound-insulating segment is expected to witness growth of more than 6 percent over the forecast period. Increasing investment across the residential sector due to a rise in population level in Asia Pacific and Europe region will augment the soundproof curtains market size.
The plastic foam soundproof curtains market accounted for over 35 percent revenue share in 2017 owing to its application in harder to fill areas, thus creating an airtight seal. R-value for plastic foam is higher than fiberglass and mineral wool. Properties including strength, flexibility, and tear resistance compared to other counterparts are stimulating demand for plastic foam soundproof curtains.
The soundproof curtains market in Europe will witness CAGR over 6 percent up to 2024. Rising noise pollution due to its expanding industrial and automotive sector will result in more demand for soundproof curtains. In addition, necessity to accommodate tourists with increasing travel and tourism industry will further boost industry market share. For instance, Germany, UK, France and Spain have a travel & tourism sector with a contribution of 9.9 percent of the European GDP in 2016.
The Asia Pacific soundproof curtains market is expected to hold over 20 percent industry share in terms of volume in 2017. Emerging economies, notably China, India and Thailand, are expected to invest in new infrastructure projects including educational institutes, hospitals and industries. For instance, the Make in India Campaign is expected to boost the manufacturing sector in India creating a potential demand for soundproofing curtains. The Indian government also allocated $8.80 billion for its infrastructure sector in 2018.
Major industry players in the soundproof curtains market are PES; Residential Acoustics; Rite-Hite; Robert Soper Limited; Sound Control Services; ZAK Acoustics; Acoustical Surfaces; Quiet Curtains; HOFA; GLT Products; Flexshield; Moondream; Acoustic Curtains; and Kinetic Noise Control. Other domain players are Sound Seal; Steel Guard Safety Corp.; Lantal Textiles; Amcraft Manufacturing; Haining Duletai New Material; eNoise Control; SGF; Ecotone Systems Private Limited; and Envirotech Systems Private Limited. The industry is expected to adopt a merger & acquisition strategy along with a focus on product design to gain a competitive advantage.
Visit the website to browse the key industry insights report, “Soundproof Curtains Market Size By Type (Sound-Insulating, Sound-Reducing, Sound-Blocking), By Material (Fiberglass/Glass Wool, Mineral Wool, Plastic Foam), By Application (Residential, Commercial, Industrial), Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, Netherlands, Spain, Belgium, Sweden, China, India, Japan, Australia, Malaysia, Indonesia, Thailand, South Korea, Vietnam, Brazil, Argentina, Mexico, South Africa, UAE, Saudi Arabia), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024”.