Soundproof Curtains Market to exceed $2.5 Bn by 2024
Published Date: June 18, 2018 Authors: Kiran Pulidindi, Soumalya Chakraborty
Soundproof Curtains Market size is estimated to surpass USD 2.5 billion by 2024; according to a new research report by Global Market Insights, Inc.
Increasing construction in commercial sector including hotels, hospitals, and educational institutes will drive market demand from 2018 to 2024. Stringent government norms, rising noise pollution and increasing health awareness are the key drivers for the industry expansion. Rising real estate demand and infrastructural projects along with higher investment in residential sector owing to population inflation will also enhance 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 soundproof curtains market share from 2018 to 2024.
According to the report, fiberglass material segment will cross 550 million square meters volume by 2024. Key aspects including, ease of installation, low cost and high R value are likely to propel product demand across commercial sector. Rising tourism sector supported by government investments will drive product demand across new hotel chains.
Get more details on this report - Request Free Sample PDF
Strict 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 rapid product demand in the commercial sector. Upsurge in consumer spending and increasing awareness regarding noise pollution effects will drive the market growth in residential sector.
Browse key industry insights spread across 300 pages with 259 market data tables & 11 figures & charts from the 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, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
Sound-insulating segment is expected to witness growth over 6% up to 2024. Increasing investment across residential sector owing to rise in population level in Asia Pacific and Europe region will augment the soundproof curtains market revenue.
Plastic foam accounted for over 35% 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, exhibiting an indication for plastic foam’s higher effectiveness. Superior properties including high strength, flexibility, and tear resistance compared to other counterparts are stimulating plastic foam soundproof curtains demand.
Asia Pacific soundproof curtains market is expected to hold over 20% industry share in terms of volume in 2024. Emerging economies notably China, India and Thailand are expected to invest heavily in new infrastructure projects including educational institutes, hospitals and industries.
Europe will witness 6% CAGR up to 2024. Rising noise pollution due to expanding industrial and automotive sector will result in higher demand for soundproof curtains. In addition, necessity to accommodate tourist with increasing travel and tourism industry will further boost industry market share.
Major industry players in soundproof curtains market share 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 prominent domain players are Sound Seal, Steel Guard Safety Corporation, Lantal Textiles, Amcraft Manufacturing, Haining Duletai New Material, eNoise Control, SGF, Ecotone Systems Private Limited, Envirotech Systems Private Limited. Industry is expected to adopt merger & acquisition strategy along with a focus on product design for gaining competitive advantage.
Soundproof curtains industry research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in million square meters & revenue in USD million from 2013 to 2024, for the following segments:
- Fiberglass/ Glass Wool
- Mineral Wool
- Plastic Foam
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
Explore More on Related Topics: