April 24, 2024
Soundproof Sealing Strip Market

Soundproof Sealing Strip Market is Expected to Flourish by Growing Automotive Industry

Soundproof sealing strips are strips made from elastic material that are used to provide sound insulation between two surfaces. Some common applications of soundproof sealing strips include use in automobiles to reduce noise transmission between doors, windows, and trunk/boot areas. It also finds usage in construction applications to provide soundproofing between walls, floors, ceilings etc. Soundproof sealing strips are available in various materials such as PVC, rubber, and others and are an economical solution for sound insulation compared to other techniques.

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 2031, as highlighted in a new report published by Coherent Market Insights.

The automotive industry has been growing rapidly, especially in emerging economies, which is driving the demand for sealing strips from the automotive applications.

Market Dynamics

Rising automotive production: One of the key opportunities for the growth of the soundproof sealing strip market is the growing automotive industry. Emerging economies such as China, India, Brazil etc. have been witnessing high automotive production volumes. According to OICA, China produced 26.08 million vehicles in 2020 alone. Moreover, with rising disposable income, demand for premium and luxury vehicles has been increasing which is further expected to drive the market growth.

Strict fuel efficiency and noise regulations: Various regional and national regulatory bodies have implemented stringent regulations regarding vehicle noise and fuel efficiency. For example, Euro 6 norms in Europe enforce strict limits on vehicle noise levels. This is prompting automotive OEMs to focus on noise reduction which is expected to boost the adoption of soundproof sealing strips during the forecast period.

Segment Analysis

The soundproof sealing strip market is dominated by the automotive segment which accounts for over 40% of the total market share. Soundproof sealing strips are extensively used in automotive doors, windows, sunroofs, trunk lids etc. to achieve noise isolation in vehicle cabins. With increasing disposable incomes and rising middle class population globally, automotive sales are growing steadily which is boosting demand in this segment. The buildings and construction segment is another major consumer of soundproof sealing strips and holds around 30% share due to growing residential and commercial construction activities worldwide. Requirements for noise cancellation in walls, floors, ceilings are propelling the usage of soundproof sealing strips.

PEST Analysis

Political: Stringent regulations regarding greenhouse gas emissions and fuel efficiency in automotive industry are encouraging automakers to improve acoustic insulation of vehicles which is positively impacting the market.

Economic: Growth in the global GDP is expanding the purchasing power of individuals leading to higher sales of vehicles and construction of residential & commercial buildings, thereby raising demand for soundproof sealing strips.

Social: Rapid urbanization and changing lifestyles are augmenting noise pollution levels setting off aneed for effective soundproofing solutions in urban structures as well as vehicles used privately.

Technological: Advancements in material science and R&D activities are resulting in development of innovative sealing strip compositions with better sound absorbing characteristics and durability enabling enhanced noise control.

Key Takeaways

The Global Soundproof Sealing Strip Market Growth is expected to witness high over the forecast period of 2024 to 2031 rising from a valuation of US$ 1160.53 Mn in 2024 to US$ 2031 Mn by 2031, registering a CAGR of 8.9%.

North America accounts for the largest regional market supported by extensive automobile manufacturing base and growing residential construction industry in the US and Canada. Stringent regulations to cut indoor and outdoor noise levels are propelling product adoption.

Key players operating in the soundproof sealing strip market are PPG Industries, Inc., Axal, Sika Group., ISO-Chemie GmbH, Ningbo Jisi Hardware Glass Products Co.,Ltd., Leader Group Inc., STEK-Pro sp. z o.o., Acoustical Surfaces, Inc., Soudal N.V., and C.R. Laurence. Key players are focusing on new product launches catering to diverse application requirements as well as expanding their geographical presence through partnerships and mergers & acquisitions.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it