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.
Soundproof sealing strips are installed at the interface between doors, windows, walls and floors to prevent noise transmission. They can withstand temperature fluctuations and provide insulation to reduce outside noise levels by up to 40 decibels.
Market key trends:
One of the major Soundproof Sealing Strip Market Trend is the growing demand for eco-friendly products. Manufacturers are focusing on developing sustainable soundproofing solutions by using recycled materials in production. For instance, 3M Company offers acoustic sealants made from recycled tires that provide noise reduction while reducing environmental footprint. Another key trend is the rising popularity of self-adhesive soundproof sealing strips due to their ease of installation without the need for additional adhesives or tools. This is fueling the demand among both commercial and residential end-users.
Segment Analysis:
One of the key trends in the soundproof sealing strip market is the growing demand for vehicle acoustic insulation. Automakers are focusing on improving cabin insulation and NVH levels in vehicles to provide a comfortable ride experience to passengers. This has increased the adoption of soundproof sealing strips made of dense foam and elastic materials that help block exterior noises from entering the vehicle interior. The trend towards electrification of vehicles is also driving market growth as EVs are noisier and require better acoustic insulation to minimize motor noise and improve ride quality.
SWOT Analysis
Strength: Soundproof sealing strips offer effective noise reduction and help comply with stringent legislation regarding in-cabin noise levels. They provide acoustic insulation and are made from durable materials.
Weakness: Higher costs compared to regular sealing strips. Vulnerable to wear and tear over long-term usage.
Opportunity: Growing electric vehicles market presents an opportunity as EVs require sophisticated noise insulation systems. Rise in construction of sound-insulated buildings and infrastructural projects boosts demand.
Threats: Availability of cheaper alternatives may hamper demand. Fluctuations in raw material prices impact product costs.
Key Takeaways
The Global Soundproof Sealing Strip Market is expected to witness high growth, exhibiting CAGR of 5.8% over the forecast period, due to increasing demand for vehicle noise reduction and acoustic insulation in automotive and construction industries.
The Asia Pacific is projected to dominate the regional market over the forecast period. Presence of a large automotive manufacturing base and rapid infrastructure development are driving the demand for soundproof sealing strips in the region.
Key players operating in the soundproof sealing strip market include 3M Company, Dow Inc., Saint-Gobain, Trelleborg AB, Freudenberg Group, Cooper Standard Holdings Inc., NITTO DENKO CORPORATION, Henniges Automotive Holdings, 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, Edgetech Europe GmbH.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it