Soundproof sealing strips are commonly used sealing solutions in construction for sound blocking and insulation. They are available in different sizes, materials, and thickness as per construction requirement for preventing noise transfer from one side to another. These strips are widely used in doors, windows, ventilation systems and other areas to reduce noise levels in residential and commercial buildings. The growing construction activities across the globe along with rising consumer preference for better home interiors is driving the demand for soundproof sealing strips from the residential construction sector.
Market key trends:
The increasing uptake of soundproof sealing strips in the residential construction sector remains one of the key trends propelling the market growth. According to the U.S. Census Bureau, housing starts in 2023 are projected to reach 1.56 million units, an increase of around 14% compared to 2022. This steady rise in new home construction is boosting the consumption of various soundproofing materials including sealing strips. Moreover, the growing consumer awareness about indoor noise pollution and its impact on health and well-being is augmenting the demand for effective soundproofing solutions. Manufacturers are thus increasingly developing innovative and eco-friendly sealing strip solutions to capitalize on the opportunities in the residential segment.
Segment Analysis
The global soundproof sealing strip market is segmented by material type and application. Based on material type, the market is divided into foam, rubber and others. Among these, the foam segment dominated the market in 2022 and is estimated to maintain its dominance during the forecast period. Foam provides superior sound insulation properties as compared to other materials, which makes it the most preferred material for soundproof sealing strips.
Key Takeaways
The Global Soundproof Sealing Strip Market Demand is expected to witness high growth during the forecast period from 2024 to 2031. 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 2031.
Regional analysis reveals that Asia Pacific is the fastest growing as well as dominating region in the global market. Some of the key factors contributing to the growth of soundproof sealing strip market in Asia Pacific region includes rapid industrialization and growth in automotive and construction industries across major economies like China, India and Japan.
Key players operating in the soundproof sealing strip market are PPG Industries, Inc., Axalta Coating Systems, Sherwin-Williams Company and Henkel AG & Co. KGaA. Soundproof sealing strips manufactured using foam material segment accounts for the largest share in the global market due to superior sound insulation properties offered by foam as compared to other materials.
PPG Industries, Inc., Axalta Coating Systems and Sherwin-Williams Company are some of the leading players in the global soundproof sealing strip market. These players are focusing on new product launches and expansion of their distribution networks to strengthen their market position.
Explore more information on this topic, Please visit -
https://www.insightprobing.com/soundproof-sealing-strip-market-share-and-demand-analysis/
Explore more trending article on this topic -
https://www.ukwebwire.com/soundproof-sealing-strip-market-trends-size-and-share-analysis/
Explore more trending article related this topic -
https://ceocolumn.com/news/understanding-the-complex-tumor-microenvironment/
Comments
0 comment