The soundproof curtains market is estimated to be valued at USD 1,356.21 million in 2020; this is projected to reach USD 2,318.06 million by 2027, registering a CAGR of 7.1 % during the forecast period. Increasing construction activities coupled with rapid advancements in acoustic insulation material technology are expected to propel market growth. Upsurge in smart city projects with public and private financing will fuel product penetration over the forecast timeline.
Rapid expansion in commercial sector including hospitals, airports, shopping malls and movie theatres will boost the demand for soundproof curtains. Increasing construction of new healthcare facilities across Asia Pacific region owing to the rise in geriatric population will augment the market growth. Increasing demand for noise-free environment in elderly care premises across hospitals will further provide strong business outlook for manufacturers.
Increasing demand for insulating materials with high R-value including fibreglass along with ongoing technological development are anticipated to support industry expansion. Manufacturers are forming long term supply contracts with raw material suppliers to reduce operational cost and gain competitive advantage.
Rising demand for acoustic panels and other soundproof products are likely to hamper the industry growth over the forecast timeframe. Stringent government norms and volatility in raw material prices may pose challenge for manufacturers. Increasing concern regarding plastic usage and disposability may restrain the market.
The price of raw materials such as fiberglass, vinyl, natural fibres, and sealants adds significantly to the production cost of soundproof curtains. The price volatility of raw materials influences the price of soundproof curtains and their installation along the supply chain. This poses a challenge for players, especially new entrants, in establishing their footprint in the market. This, in turn, hinders the growth of the market for soundproof curtains.
The soundproof curtains market includes various vendors providing advanced and scalable solutions in the global market. Some of these major players in the current soundproof curtains market include HOFA-Akustik, Sound Seal, Acoustical Surfaces, Inc., Lantal Textiles, AmCraft Industrial Curtain Wall, Kinetics Noise Control, Inc., Great Lakes Textiles, Flexshield, eNoiseControl, SGF InsonorizzazioneIndustriale, ZAK Acoustics Pvt Ltd, Steel Guard Safety Products, Acoustic Curtains, Audimute, Sound Control Services, Residential Acoustics, LLC, Envirotech Systems PVT. LTD., Acoustical Solutions, Ecotone Systems Pvt. Ltd, Robert Soper Limited, and Rite-Hite.
Based on geographic regions, the global soundproof curtains market is classified across Europe (EU), North America (NA), Middle East & Africa (MEA), Asia Pacific (APAC), and South America (SA). North America country-level analysis features the U.S., Canada, and rest of North America. Europe’s soundproof curtains market analysis and forecast includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, Australia, and Rest of Asia Pacific. Middle East & Africa segment depicts the soundproof curtains market analysis and forecast across GCC countries, South Africa, and Rest of Middle East & Africa. The South America soundproof curtains market is segmented among Brazil, Mexico, and Rest of South America. The market in Asia Pacific is expected to be the fastest growing throughout the forecast period. With the increasing population, the need for housing is also rising in Asia Pacific. This is leading to increasing foreign investments in the Asia Pacific region with its booming non-residential and residential construction sectors, as the labor cost is low and land is easily available at reasonable rates.
Report : Soundproof Curtains Market - By Type (Sound Insulating Curtain, Noise-Reducing Curtain, Sound-Blocking Curtain, and Others), By Application (Cinemas & Drama, Rehearsal Rooms, Offices, Household, Medical Centres, and Sports Halls), and By Region (North America, Asia Pacific, Europe, Middle East & Africa and Latin America) - Industry Analysis, Opportunity and Forecast 2020 To 2027