The soundproof sealing strip market involves the manufacturing and sales of various soundproof sealing strips and tapes used for sealing expansion and construction joints, doors, windows and other openings. These strips help reduce noise transmission by acting as a barrier between two surfaces. They are commonly made from materials like vinyl, sponge and plastisol and operate on the principle of blocking noise from passing through narrow gaps and cracks. With rise in construction activities globally and increased awareness about noise pollution and environmental friendliness, the demand for these noise dampening strips is growing substantially. The Global Soundproof Sealing Strip Market is estimated to be valued at US$ 1160.53 Mn in 2024 and is expected to exhibit a CAGR of 8.9% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the soundproof sealing strip market are PPG Industries, Inc., Axalta Coating Systems, LLC, BASF SE, Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd., Kansai Paint Co., Ltd., Akzo Nobel N.V., 3M Company, KCC Corporation, Noroo Holdings Co., Ltd., Valspar Corporation, Jotun Group, Hempel A/S, Carpoly Chemical Group Co., Ltd., Guangdong Maydos Building Materials Limited Company. Rising construction of green buildings focused on sound insulation and growing urbanization leading to noise pollution are fueling the demand for soundproof sealing strips across the globe. Advancements in material science has led to development of innovative sealing strips with improved noise reduction, durability and ease of installation properties.
Market Trends
Environment-friendly materials: With growing environmental consciousness, manufacturers are focused on developing soundproof sealing strips made from recyclable and sustainable materials like recycled rubber and polymers. These eco-friendly options are preferred by construction companies for LEED certified green buildings.
DIY products: Do-it-yourself soundproof sealing strips and tapes are gaining traction as these easy to install products enable homeowners to insulate their doors, windows or wall gaps on their own as per requirements. Liquid and mastic tapes catering to DIY demand are witnessing high sales.
Market Opportunities
Infrastructural development: Ongoing construction of airports, metro stations, highways and other large infrastructural projects provides significant opportunity for use of specialized soundproof sealing strips suitable for high noise reduction in such facilities.
Rural housing: Government schemes in developing nations for promoting pucca houses in rural areas can drive use of basic soundproofing solutions like sealing strips to provide insulation against outdoor noise in such houses.
Impact of COVID-19 on Soundproof Sealing Strip Market Growth
The COVID-19 pandemic severely impacted the growth of the Soundproof Sealing Strip Market Growth in 2020. The nationwide lockdowns imposed across various countries led to the shutdown of manufacturing facilities. This disrupted the supply chain and logistics network. It further resulted in labour shortages that constrained production capacity. The decline in automobile sales and reduced construction activities negatively affected the demand for soundproof sealing strips. With travel restrictions in place, commercial and residential construction projects were postponed.
However, the market is gradually recovering in 2021 as lockdown measures ease in many countries with fall in COVID-19 cases. The resumption of construction projects and manufacturing operations is bolstering demand. Automobile production and sales are also rebounding from pandemic lows. Market players are investing in R&D to develop innovative soundproof sealing strips made from recycled materials. The increased focus on sustainability and eco-friendly products is expected to open new growth avenues in the coming years. The demand from both residential and commercial sectors are forecast to rise steadily, restoring the market close to the pre-pandemic levels by 2023. Continued government support through fiscal incentives for infrastructure development and real estate will further fuel the market expansion.
Geographical Regions with High Concentration of Soundproof Sealing Strip Market
Currently, Asia Pacific accounts for the largest share of the global soundproof sealing strip market in terms of value. Countries like China, India, Japan and South Korea are major industrial hubs with large scale automobile and construction industries. Strong demographic growth and rapid urbanisation have propelled infrastructure development programs. This is creating significant demand for soundproof sealing strips from various end-use sectors. Similarly, the region encompassing Europe and North America also have sizable market size due to high per capita income and greater adoption of premium and hybrid vehicles across countries like the United States, Germany, United Kingdom and France.
Fastest Growing Regional Market for Soundproof Sealing Strip
The Middle East and Africa region is poised to emerge as the fastest growing regional market for soundproof sealing strips during the forecast period. Oil rich Gulf economies are undertaking ambitious projects to diversify their economies through industrialization and tourism led infrastructure expansion. Mega events like Expo 2020 in Dubai and 2022 FIFA World Cup in Qatar require massive residential and commercial construction works. This is expected to substantially raise the adoption of soundproof sealing strips in the MEA region. Government initiatives for developing smart cities and improving standards of living will further stimulate the regional market growth in the coming years.
Get more insights on Soundproof Sealing Strip Market
EPDM Sealing Strip is a product used to seal, which takes EPDM as the main raw material and is made through mixing smelting or sulfide.
It has good advantages of low compression permanent deformation, good low temperature flexibility, and high tensile strength and so on.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/98090/global-epdm-sealing-strip-2021-488 The global EPDM Sealing Strip market was valued at 502.29 Million USD in 2020 and will grow with a CAGR of 3.84% from 2020 to 2027, based on Our Researcher newly published report.As Chinese overall economic downward trend in the past few years, and international economic situation is complicated, in the next few years there will be many uncertainties, and coupled with EPDM sealing strip industry in short supply on the market in the past few years, more and more companies enter into EPDM sealing strip industry, the current demand for EPDM sealing strip product is relatively low, lack of demand, excess supply.
There is also a certain space of EPDM sealing strip product demand market, but now the alternatives has appeared, and it was usurping the EPDM sealing strip market.
Despite the presence of competition problems, the global recovery trend is clear, investors are still optimistic about this area; the future will still have some new investments enter the field.
Along with the development of Chinese domestic EPDM Sealing Strip, Chinese domestic EPDM Sealing Strip has been very mature and advanced, and the performance distance has been shortening compared with the imported EPDM Sealing Strip.By Market Verdors:CooperHennigesToyoda GoseiMeteorNishikawaHutchinsonSaarGummiTokai KogyoHokusayKISOGuihang HongyangShenya SealingToyoda Gosei (CN)Shanghai DongmingHenniges (CN)Qinghe HuifengZhongding GroupQinghe LefeiHebei LongzhiQinghe YongxinHubei ZhengaoHebei YataiQinghe XingxingHebei YongshengHebei HangaoShida SealingHebei HengxuHebei CuishiZhuomei SealingXingtai KaideBy Types:SulfurationThermoplasticityBy Applications:AutomotiveConstructionKey Indicators AnalysedMarket Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027.
With detailed analysis by types and applications.Market Trends: Market key trends which include Increased Competition and Continuous Innovations.Opportunities and Drivers: Identifying the Growing Demands and New TechnologyPorters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.Key Reasons to PurchaseTo gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.Assess the production processes, major issues, and solutions to mitigate the development risk.To understand the most affecting driving and restraining forces in the market and its impact in the global market.Learn about the market strategies that are being adopted by leading respective organizations.To understand the future outlook and prospects for the market.Besides the standard structure reports, we also provide custom research according to specific requirements.Reasons to Purchase Our Research Report:1.
The Global Sealing Strip Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Browse the complete Global Sealing Strip Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/1272-sealing-strip-market-reportThe report also covers the complete competitive landscape of the global Sealing Strip market with company profiles of key players such as: Toyoda GoseiNishikawaCooper StandardKinugawaHwaseungAvic Guizhou Guihang Automotive ComponentsHutchinsonHennigesJianxin Zhao’sZhejiang Xiantong RubberSaarGummiPPAP Automotive LimitedHaidaHubei ZhengaoThe detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT: By TypeTPE/TPO/TPV, etc.PVCEPDMBy ApplicationDoorframeWindowsWindshieldEngine HoodOthersBy Geography:North America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Sealing Strip Market @ https://www.decisiondatabases.com/contact/download-sample-1272The Global Sealing Strip Market has been exhibited in detail in the following chapters –Chapter 1 Sealing Strip Market PrefaceChapter 2 Executive SummaryChapter 3 Sealing Strip Industry AnalysisChapter 4 Sealing Strip Market Value Chain AnalysisChapter 5 Sealing Strip Market Analysis By TypeChapter 6 Sealing Strip Market Analysis By ApplicationChapter 7 Sealing Strip Market Analysis By GeographyChapter 8 Competitive Landscape Of Sealing Strip CompaniesChapter 9 Company Profiles Of Sealing Strip Industry Purchase the complete Global Sealing Strip Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-1272Other Reports by DecisionDatabases.com:Global Hot Rolled Steel Strip Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Automobile Weather Strip Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Copper Strips Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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