The soundproofing materials market was strong in 2021 and is expected to continue growing due to increased use in construction, especially in personal spaces and offices, as noise pollution rises worldwide. Soundproofing materials prevent sound waves from passing in or out of a space, and the demand for them is increasing because of their high absorption qualities. Soundproofing materials are cost-effective for isolating noises, and different types exist based on their ability to absorb sound waves, the frequency of sound waves, the material's composition and thickness, and the method of mounting.
Health and safety concerns and a focus on a higher standard of living are driving the demand for soundproofing materials. The increased use of these materials in commercial spaces for entertainment is associated with increased comfort levels as continual noise disruptions make people uncomfortable. However, the environmental impact of using soundproofing materials is a factor restraining revenue growth. Non-biodegradable materials cause environmental degradation and are potentially hazardous to human health.
Opportunities for growth in the soundproofing materials market include increased demand in the automobile industry. The structure of an automobile consists of various vibration sources that generate noise in vehicles, and there is an increasing demand for soundproofing materials to minimize unwanted noise. The polystyrene segment is expected to register significant revenue growth due to its affordability and durability. The building and construction industry is expected to register significant revenue growth due to increased use of soundproofing materials in personal and commercial spaces.
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Soundproofing Materials Market: Driving Factors
The global soundproofing materials market is expected to grow rapidly over the forecast period due to several driving factors:
- Increasing use of soundproofing materials in the building and construction industry, both in personal spaces and offices, to combat rising noise pollution across the world.
- Rising demand for soundproofing materials in the commercial sphere to improve sound quality and reduce sound leakage after installation of sound insulating substances, leading to an increase in revenue growth of the market.
- Increased focus on health and safety, as well as a higher standard of living, is driving revenue growth of the market. Rising demand for soundproofing materials in personal spaces, including private residences and apartments, is attributed to the significant emphasis placed on health and lifestyle benefits associated with noise filtering.
- Increased comfort levels provided by soundproofing materials is a factor driving revenue growth of the market during the forecast period.
- The increasing demand for soundproofing materials in the automobile industry presents a key opportunity for revenue growth of the market. The structure of the automobile consists of various vibration sources, which generate noise in vehicles, and there is an increasing demand for these materials to minimize unwanted noises.
However, environmental concerns associated with the use of non-biodegradable materials used in soundproofing may hinder revenue growth of the market over the forecast period.
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