Impact of Covid-19 Outbreak on Soundproof curtains Market Size

08/giu/2020 08:34:57 Automotive Market Research Reports Contatta l'autore

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The global market for global soundproof curtains, according to the report by Market Research Future (MRFR), is expected to grow at 6% CAGR over the review period.

Drivers and Restraints

The soundproof curtains market is undergoing numerous changes with developing consumer expectations such as availability in small sizes, acceleration of technological advancement, and shifts in competitive power. The development of the soundproof curtains market is driven by increasing health issues among people and increasing global noise pollution. Furthermore, the increase in urbanization and their disposable income. The government regulatory organizations are mandating companies to build soundproofing facilities that increase the demand for soundproof curtains market. Global environmental concerns and their legal implications, growing infrastructure development in the commercial and residential areas, drive the need for soundproof curtains market. Furthermore, the growth of the market is challenged by the rising demand for acoustic panels and other soundproof products.

The development of soundproof curtains market is influenced by the increased industrial automation, growth in residential and non-residential construction activities, and innovation in curtains designs.

Soundproof curtains market is anticipated to flourish during the forecast period due to the major fuelling factors such as the focus on high-quality products, innovative advancements across various industries, and government regulations on noise pollution. 

Increased material cost growing demand for audio panels & additional soundproof products hinders the growth of the soundproof curtains market. Whereas, product differentiation and the use of eco-friendly products and practices could also offer an immense opportunity for market growth.

Segmental Analysis

The market is segmented on the basis of type, material, application. The type segmentation comprises of sound-reducing, sound-insulating, sound-blocking. Moreover, by the material, it is segmented glass wool, plastic foams, rock wool, natural fibers. Also, by application, it is segmented as residential, commercial, and industrial.

Regional Analysis

In terms of region, the global market for soundproof curtains is segmented into North America, Asia-Pacific, Europe, and RoW.

The North American region is the largest market for soundproof curtains, is slated to reach a substantial market share over the review period. This seamless growth is attributed to the early adoption of technological advancements into the established industry verticals across North America over the assessment period. Moreover, the presence of significant market players in the region is also likely to contribute to the growth of the soundproof curtains market in North America over the review period.

Europe is one of the significant regions in the global soundproof curtains market and is slated to acquire a significant market share over the assessment period. The growth is accredited to the increasing investments towards research and development activities taking place in the region over the forecast period.

 Geographically, the Asia-Pacific region is anticipated to be the fastest-growing market for soundproof curtains during the forecast period. Europe is the leading market for soundproof curtains owing to the stringent government sound pollution norms and growing end-use industries like residential, commercial, and industrial.

Currently, Asia-Pacific anticipated dominating the market in the forecast period. Developing economies like China, India, and Brazil will help to grow the market due to the growing population and rising per capita income, improving economic conditions, and increasing infrastructure projects. The easy access to raw material and labor in China makes it one of the lucrative regions for setting up of manufacturing facilities.

Competitive Analysis

The major market players of global soundproof curtains market include Acoustical Surfaces, Inc. (The US), Flexshield (Australia), Sound Seal (The US), Lantal (Switzerland), Kinetics Noise Control, Inc. (The US), AmCraft Industrial Curtain Wall (The US), Great Lakes Textiles (The US), Hofa-Akustik (Germany), SGF (Italy), Ecotone Systems (India), are among others. 

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