Published Date: 31-Jan-2020
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According to a new report Global Soundproof Curtains Market, published by KBV Research, The Global Soundproof Curtains Market size is expected to reach $2.8 billion by 2025, rising at a market growth of 7.3% CAGR during the forecast period. Stringent government legislation on noise pollution is projected to be the main driver of the soundproof curtains market. In addition, the proliferation of digital media is expected to further result in a growing awareness of technologically advanced and innovative products available across the market. This is expected to eventually fuel the growth of the soundproof curtain industry.
The commercial segment is projected to lead the soundproof curtain market. These curtains are used in a variety of applications in theaters, malls, recording studios, auditoriums, stadiums, offices, pubs, hospitals, hotels. The Industrial market would witness CAGR of 7.9% during (2019 - 2025).
The glass wool segment recorded the highest market share in 2018. The dominant position of this category can be associated with the fact that the insulation of glass wool provides various properties like sound absorption, durability, water repellency, incombustibility, and superior heat insulation. The Plastic Foams market is anticipated to grow at a CAGR of 7% during (2019 - 2025). Additionally, The Rock Wool market is expected to witness CAGR of 7.9% during (2019 - 2025).
Europe has been the dominant region in the regional segment during 2018, with Germany being the largest market in the country. The government's rigid sound pollution standards and increasing end-use industries, such as manufacturing, residential and commercial ones, are some of the factors driving Europe's market growth in soundproof curtains. The Asia Pacific region is expected to rise at the highest CAGR from 2019 to 2025. Growth in the Asia-Pacific region is underpinned by improved economic conditions, continuous improvement in the government budget, development standards for building codes, and optimistic demographic outlooks, including the population growth and rising per capita income in the region. The North America market is poised to grow at a CAGR of 7% during (2019 - 2025).
Structural Insights: https://www.kbvresearch.com/soundproof-curtains-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Kinetics Noise Control, Inc., GLT Products, Inc., Sound Control Services Ltd., Acoustical Solutions, Inc., Acoustical Surfaces, Inc., Sound Seal, Inc. (The Stephens Group, LLC), Lantal Textiles AG, AmCraft Manufacturing, Inc., Flexshield Group Pty Ltd., and Steel Guard Safety Corporation.
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