Soundproof Curtains Market to be strongly driven by stringent governmental norms, commercial sector to drive the application landscape
Publisher : Fractovia | Published Date : 2018-07-04Request Sample
Soundproof curtains market, alleged by experts as an extremely consumer driven vertical, is one of the fastest growing business spheres of recent times in the construction space. The rising demand curve can be majorly credited to the increasing deployment of acoustic insulation material technology in modern construction activities, especially across developed belts. In this regard, it is prudent to mention that regulatory framework to promote acoustical environment have played a crucial role in proliferating soundproof curtains industry trends. Say for instance, the Federal government of United States under its ASTM standards, has implemented particular building codes for acoustical requirements. The two most prevalent standards pertaining to this are STC (Sound Transmission Class) and IIC (Impact Insulation Class). With the standardization of these building norms, soundproof curtains market has gained a tremendous recognition on a global scale. Testament of the fact is the billion dollar valuation garnered by the industry in 2017.
U.S. Soundproof Curtains Market, By Application, 2017 & 2024, (USD Million)
A strict regulatory frame of reference with regards to noise pollution and industry diversification has much to contribute in the overall soundproof curtains industry. Some of the vital statistics pertaining to the hazardous impacts of sound pollution and the various norms initiated by regulatory bodies are enlisted below. These standards profoundly impacted the product penetration in commercial sector. Estimates suggest that the overall soundproof curtains market from commercial applications pegged a revenue of USD 850 million in 2017.
- According to National Institute on Deafness and Other Communication Disorders (NIDCD), nearly 24% percent of U.S. adults aged within 20 to 69 years show tremendous signs of noise-induced hearing loss (NIHL). Out of the 40 million who are detected with an audiometric notch of NIHL, 6% had a notch in both the ears, while 18% had a notch in only one ear. Study indicates that people who are exposed to very loud noise at workplace are more likely to suffer from noise notch that those on the other end. Considering these facts, stringent rules have been mandated at industrial workplace to ensure an acoustical environment, which is a major factor boosting soundproof curtains industry size.
- As per OSHA’s Noise standard, employers should be given a hearing conservation program in place, if they are exposed to TWA (time-weighted average noise level of 85 decibels and above for a duration of 8 hours. The spreading awareness from these regulations have in a way pushed commercial as well as industrial sector to maintain a noise proof environment, thereby profitably driving soundproof curtains market demand.
The National Institute for Occupational Safety and Health (NIOSH) and WHO have also taken various encouraging initiatives to promote deployment of soundproof materials in a bid to minimize the long-term hazardous consequence of noise pollution. Incidentally, this has also prompted soundproof curtains market players to come up with highly advanced innovative solutions.
The importance of soundproof materials has been identified on a global scale and efforts are being continuously taken by the market players to enhance the product portfolio. Already having retained a considerable proportion of supremacy in 2017, Europe currently stands as a profitable growth avenue for soundproof curtains market. Needless to mention, the European Government’s stringent regulatory coursework with regards to sound pollution has complemented the regional market growth. However, growing concerns over plastic consumption and disposability is one of the major constraints hindering the business growth to some extent. Nonetheless, with sustainable products in-pipeline in tandem with proper waste-disposal norms gaining popularity, the overall industry is overt to gain lucrative proceeds in the coming years. A major trend to watch for in the soundproof curtains market remains the widening renumeration portfolio in the medical sector, via the demand for noise free environment at elderly care units in hospitals. In terms of global profitability potential, soundproof curtains industry is forecast to exceed a revenue of USD 2.5 billion by 2024.
