The Global Soundproof Sealing Strip Market is estimated to be valued at US$ 1,007.4 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Soundproof sealing strips are strips of absorbent material used to minimize the transfer of sound between two surfaces. They are commonly used on doors and windows to provide sound insulation between movable joints and frames. Soundproof sealing strips help reduce noise pollution and provide a quieter indoor atmosphere.
Market key trends:
One of the key trends fueling the growth of the soundproof sealing strip market is the growing demand from the construction industry. With rapid urbanization, the focus on energy efficiency and noise reduction in buildings is increasing. Developers are focusing on superior construction quality with soundproofing to provide comfort and wellbeing to residents. This is driving the adoption of noise blocking materials like soundproof sealing strips on perimeter joints of doors, windows, vents and more within residential and commercial constructions. The stringent norms regarding noise pollution are further necessitating the use of such soundproofing solutions.
Segment Analysis
The global soundproof sealing strip market is dominated by the vehicle segment, which is expected to grow at a CAGR of 6.3% over the forecast period. This is attributed to rising automotive production & sales across the globe. Soundproof sealing strips play an important role in reducing noise levels inside vehicles and offer acoustic comfort to passengers. Their use in automotive hoods, doors, windows, trunk lids, and other vehicle parts helps in meeting stringent noise regulations.
Key Takeaways
The Global Soundproof Sealing Strip Market Trend is expected to reach US$ 1,007.4 Mn by 2023, exhibiting a CAGR of 5.8% over the forecast period. Rapid urbanization and increasing demand for noise barrier walls in residential and commercial construction are fueling market growth.
Regional Analysis
Asia Pacific dominates the global market and is projected to witness the highest growth during the forecast period. This can be attributed to high automotive production in China, India, and Japan. Additionally, growing infrastructure development activities in emerging economies are driving the usage of soundproof sealing strips.
Key Players
Key players operating in the soundproof sealing strip market are 3M Company, Dow Inc., Saint-Gobain, Trelleborg AB, Freudenberg Group, Cooper Standard Holdings Inc., NITTO DENKO CORPORATION, Henniges Automotive Holdings, Â Inc., Lauren Manufacturing, Hebei Shida Seal Group Co. Ltd., Zhongshan Zhensheng Rubber Products Co. Ltd., Yitong Sealing Material Co. Ltd., Elasto Proxy Inc., KOMPOZIT'KOMPLEKT LLC, and Edgetech Europe GmbH.
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