The most recent study conducted by Report Ocean, titled “Global Soundproof Curtains Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Soundproof Curtains. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Soundproof Curtains Market is valued at approximately USD 2216.74 million in 2021 and is anticipated to grow with a healthy growth rate of more than 7.70% over the forecast period 2022-2029.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Soundproof Curtains are a treatment to reduce noise. These curtains are made with soundproof materials that are vertically along walls, windows, movie halls and many more so that it reduces the noise completely. Soundproof curtains are used for industrial as well as commercials. The Soundproof Curtains market is expanding because of factors such as increasing industrial automation and increasing awareness of health issues. However, the increasing industrial automation is due to an increase in the demand for the soundproof curtains market across the world. Another factor is increasing awareness of health issues caused by noise pollution. Many people are afflicted by noise pollution, so soundproof curtains are used to protect people’s health is boosting the market growth.
According to Statista, the market size of automation industries in the year 2022 is USD 207 billion and the expected market size of automation industries in the year 2023 is USD 224 billion. Another key factor driving this is increasing awareness of health issues. According to the India Brand Equity Foundation, the health sector market of India in the year 2016 is USD 110 billion and the health sector market of India in the year 2022 is USD 372 billion. And according to the OECD Stats, the health status of the US in the year 2019 is USD 5.1 and the health status of the US in the year 2020 is USD 5.7.
The opportunity for Soundproof Curtains is increasing global noise pollution due to an increase in the market demand over the forecast period. Increasing noise pollution due to the need for soundproof curtains would boost the market demand. However, rising demand for audio panels and other soundproof products stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Soundproof Curtains Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe dominated the market in terms of revenue, owing to the dominance of high noise pollution due to increased demand for soundproof curtains worldwide. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising disposable income, and rising foreign investment would create lucrative growth prospects for the Soundproof Curtains market across the Asia Pacific region.
Major market players included in this report are:
Lantal Textiles AG
Kinetics Noise Control, Inc.
AmCraft Manufacturing Inc.
Great Lakes Textiles Inc.
Flexshield Group Pty Ltd
Haining Duletai New Material Co. Ltd
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Acoustical Surfaces, Inc.
HOFA-Akustik
Zak Acoustics Pvt. Ltd
Sound Control Services Ltd
Recent Developments in the Market:
On August 27, 2019, Sound Seal, announced the acquisition of Acoustical & Tackable Surfaces, Inc. (“ATS”). ATS is a recognised manufacturer and installer of acoustical wall and ceiling panels. To aid in the company’s quick expansion, Sound Seal will offer shrewd marketing and business solutions. This acquisition demonstrates Sound Seal’s dedication to enhancing its standing in the noise control sector as a whole.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Sound-insulating
Sound-reducing
Sound-blocking
By Material:
Glass Wool
Rock Wool
Plastics Foam
Natural Fabrics
By End-Use Sector:
Residential
Commercial
Industrial
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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