by The soundproof sealing strip market comprises of noise-proof seals and acoustic seals used in doors, windows, and walls to reduce noise transmission between two spaces. Soundproof sealing strips act as a barrier to noise and prevent the passage of vibrations to achieve silence. They play a critical role in the construction of buildings with high sound insulation requirements like hospitals, recording studios, and noise-sensitive residential areas. The strips are made from durable and flexible materials like vinyl, rubber, and high-density foam to offer long-lasting acoustic insulation. The easy installation process and advantage of eliminating the need for soundproofing during remodeling has increased the adoption of soundproof sealing strips across various industry verticals.
The Global Soundproof Sealing Strip Market is estimated to be valued at US$ 1160.53 Mn in 2024 and is expected to exhibit a CAGR of 8.9% over the forecast period 2024 to 2030.
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.
The growing demand for soundproof construction from the commercial real estate sector is fueling market growth. With increasing urbanization and high noise pollution levels, commercial buildings are incorporating advanced soundproof solutions to provide a peaceful working environment.
The global expansion of e-commerce companies and warehousing facilities is propelling the sales of soundproof sealing strips. The storage and logistic centers require acoustic insulation to limit intruding noise and ensure efficient operations. Major manufacturers are focusing on emerging markets to tap the rising demand.
Market key trends
One of the key trends gaining traction in the Soundproof Sealing Strip Market Demand is the increasing popularity of eco-friendly products. Manufacturers are developing sustainable and recyclable materials like natural rubber, thermoplastic polyurethane, and plant-based composites for soundproof sealing strips. These environmentally-conscious offerings are witnessing high demand owing to stringent regulations and growing consumer preference for greener construction materials.
Porter’s Analysis
Threat of new entrants: New companies can enter the soundproof sealing strip market easily as the initial investment required is relatively low. However, established players have strong brand recognition and supply chain advantages.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of a number of suppliers in the soundproof sealing strip market. Buyers can comparison shop easily.
Bargaining power of suppliers: A few key players dominate the supply side. Hence suppliers have moderate bargaining power.
Threat of new substitutes: There are limited substitutes for soundproof sealing strips. Hence the threat is low.
Competitive rivalry: The global soundproof sealing strip market is fragmented with the presence of several international and regional players. Market leaders focus on product quality and innovation to remain competitive.
Geographical Regions
In terms of value, Asia Pacific accounts for a major share of the global soundproof sealing strip market due to rapid urbanization and infrastructure growth in the region. China, India, and Japan are leading countries.
North America’s soundproof sealing strip market is projected to witness the fastest growth during the forecast period. Growing environmental concerns and stringent noise pollution regulations drive demand. Key countries include the U.S. and Canada.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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