May 18, 2024
Soundproof Sealing Strip Market

Soundproof Sealing Strip Market Is Expected To Be Flourished By Growing Construction Industry

Soundproof sealing strips are thin sealing strips used in construction and automotive industries to block noise transfer between adjoining surfaces. They are made from materials like thermoplastic elastomers, rubber, and plastic foam to provide noise insulation. Soundproof sealing strips find widespread applications in sealing doors, windows, wall partitions, and car doors to reduce noise levels. The global construction industry has been growing steadily which is expected to drive the demand for soundproof sealing strips for sealing joints, doors, and walls in buildings to achieve quiet indoor atmosphere.

The global soundproof sealing strip market is estimated to be valued at US$ 1007.4 Mn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics

The growing construction industry referred in the heading is one of the major drivers propelling the growth of the soundproof sealing strip market. According to Oxford Economics, the global construction industry is projected to grow at an annual rate of 3.9% until 2030 supported by infrastructure development projects worldwide. Additionally, increasing noise pollution levels due to growth in urbanization and industrialization is compelling people to opt for soundproof solutions in homes, industries, and public places. Thus, the rising awareness about noise management along with growing disposable income is fueling the demand for acoustic sealing strips for effective noise reduction across various end use industries. However, availability of alternative soundproofing materials and fluctuations in raw material prices remain key challenges for market players.

Segment Analysis

The soundproof sealing strip market can be segmented by type into closed-cell strips, open-cell strips, and others. The closed-cell strips segment dominates the market and accounts for around 60% share owing to their effective soundproofing properties. Closed-cell strips prevent outside noise and offer acoustic insulation by maintaining a continuous barrier of air between the sealing edges.

PEST Analysis

Political: Regulations regarding noise pollution and standards for commercial buildings affect the demand for soundproof sealing strips. Stringent noise abatement laws boost market growth.
Economic: A growing construction industry along with rising disposable incomes increases installations of soundproof sealing strips in residential and commercial buildings.
Social: Increasing public awareness about noise pollution and its ill-effects on health has led to higher adoption of soundproofing products.
Technological: Advances in materials and sound insulation technology help manufacturers produce lightweight yet highly effective soundproof sealing strips.

Key Takeaways

The global Soundproof Sealing Strip Market Share is expected to witness high growth over the forecast period of 2023 to 2030. The global soundproof sealing strip market is estimated to be valued at US$ 1007.4 Mn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030.

Asia Pacific holds the largest share of around 40% of the global soundproof sealing strip market. China and India are the key contributors to the region’s growth on account of the surging commercial and residential construction projects undertaken to accommodate their burgeoning populations.

Key players operating in the soundproof sealing strip market are 3M, BSN medical, Zimmer Biomet Holdings, Inc., DJO, LLC, Össur Corporate, Stryker Corporation, Ottobock Holding GmbH & Co. KG, medi GmbH & Co. KG, Remington Products Company, Becker Orthopedic, Prime Medical Inc.,Tynor Orthotics Pvt Ltd., United Medicare, and Orthosys.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it