Soundproof sealing strips are used to provide an airtight and noise proof barrier at the joints between panels, walls, windows, doors among others. Rising construction activities across the globe coupled with increasing public awareness regarding noise pollution control measures have boosted the demand for soundproof sealing strips. Growing demand for insulation and noise control in residential as well as commercial buildings such as offices, hotels, factories to provide peaceful environment has propelled the growth of this market.
The Global Soundproof Sealing Strip Market size was valued at US$ 1,007.4 million in 2023 and is expected to reach US$ 1,494.9 million by 2030, growing at a compound annual growth rate (CAGR) of 5.8 % from 2023 to 2030. 2024 to 2031.
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. PPG Industries, Inc. and Axalta Coating Systems, LLC hold significant Soundproof Sealing Strip Market.
Market opportunities lie in product innovation and development of sustainable and eco-friendly soundproof sealing strips. Rising home improvement and renovation activities are expected to drive the demand.
Key players are focusing on geographical expansion strategies across emerging nations to tap the untapped market potential. Growing foreign direct investments in construction sector of developing countries will augment the demand for soundproof sealing strips in the global market over the forecast period.
Market drivers – Rapid urbanization and growing construction of commercial buildings such as offices, hotels, factories will drive the market growth. Stringent noise control regulations across countries will also propel the demand.
Market restraints – Volatility in raw material prices such as polymers and additives can hamper the market growth. High cost of advanced soundproof sealing strips may also limit their demand from price sensitive regions.
Segment Analysis
The soundproof sealing strip market is dominated by the door segment. Door soundproof sealing strips help prevent noise from getting in or out of a room through gaps around doors. They are the most common means of soundproofing as doors are one of the largest sources of noise transfer. Door sealing strips account for over 35% of the total soundproof sealing strip market due to their widespread use in homes, offices, auditoriums, hospitals and other commercial spaces where noise control is important.
Global Analysis
The Asia Pacific region holds the largest share in the soundproof sealing strip market and is expected to maintain its dominance over the forecast period. Rapid urbanization and rising disposable incomes have led to higher construction activity in the region. There is growing awareness among builders as well as homeowners about the importance of soundproofing for maximizing privacy and residential well-being. North America is another major regional market driven by stringent regulations regarding noise pollution. Europe follows closely, supported by high acceptance of green building concepts.
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)