5 soundproof curtains market trends to watch out for over 2018-2024
Date: 2018-07-17   Author: Paroma Bhattacharya  Category: #market

5 soundproof curtains market trends to watch out for over 2018-2024

Rising noise levels and strict legislative steps to protect against the problems caused by noise pollution have reportedly resulted in the expansion of soundproof curtains market. Public institutes like movie theaters, schools, hospitals, etc., where controlling noise levels is of critical importance have come to augment the soundproof curtains market over 2018-2024. As per sources, even international organizations and regulatory bodies including WHO and The National Institute for Occupational Safety and Health (NIOSH) are encouraging the usage of soundproof curtains to minimize the long-term noise pollution effects.

Five trends characterizing soundproof curtains market:

  • Glass wool held over 50% of soundproof curtains market share in 2017, given that it is an excellent insulating medium with notable durability, light weight and is easily installable.
  • Unprecedented expansion of the automotive industry and better purchasing power across the globe has caused a drastic increase in the noise levels in cities. This development is anticipated to increase the use of sound insulating curtains, driving soundproof curtains industry size from sound insulating products, slated to register a CAGR of 6.5% over 2018-2024.
  • Soundproof curtains market share from industrial applications is anticipated to register a CAGR of 6.5% over 2018-2024. The product’s cost-effectiveness, easy customization availability, and noise control ability will augment soundproof curtain market from the industrial sector.
  • Stringent norms regarding sound pollution in most European countries will propel the growth of the Europe soundproof curtains market. Incidentally, Europe accounted for 50% of the overall revenue in 2017.
  • APAC soundproof curtains industry is expected to register a CAGR of around 8% over 2018-2024 mainly due to rising disposable incomes leading to increased affordability.

Acoustic Curtains, Acoustical Surfaces Inc., Moondream, Quiet Curtains, Kinetics Noise Control Inc are some of the most well recognized names in the global soundproof curtains industry. Soundproof curtains market players seemingly adopt various strategies like mergers & acquisitions, collaborations and product portfolio expansion to enhance their presence in the industry.

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Paroma Bhattacharya

Paroma Bhattacharya

Paroma currently works as a content developer for AlgosOnline. Fortified with a post-graduation degree in Journalism and Mass Communication, she delved head long into a writing career, creating resourceful and information enriched content in diverse fields. Apart from...

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