MARKET ANALYSIS
Soundproof glass refers to two planes of glass that consists of vacuum between them. This glass prevents sound from penetrating from one side to other. There are two types of soundproof glass i.e., double-glazing soundproof glass and laminated glass. The double-glazing soundproof glass has both soundproofing and insulating qualities, whereas laminated glass has soundproofing and security properties. The major purpose for use of soundproof glass in doors and windows is noise reduction. It is generally used in buildings near busy environment such as bus stand, railways, factories, and airports. It is also used in bedrooms to avail better quality sleep with no disturbance.
GROWTH DRIVERS AND CHALLENGES
The growing demand for soundproof glass in the building and construction industry has aided the soundproof glass market growth. The efficiency of soundproof glass material to block almost 90 to 95% of the noise in very less frequency makes it suitable for utilizing in building and construction sector. The construction industry growth in developed as well as developing region will enhance the soundproof glass market in forecast period. India is one of the largest construction markets globally. In India, the growth in the construction activities is driven by continuing industrialization, urbanization, increasing population, growth in middle-class income, and the increase in infrastructural developments. According to the Department for Promotion of Industry and Internal Trade (DPIIT), foreign direct investments (FDIs) in the construction development sector and construction (infrastructure) activities stood at US$ 26.20 billion and US$ 27.92 billion, respectively, between April 2000-March 2022. Further, the Mexican construction industry is growing due to the economic growth and public investment in infrastructure projects. In 2019 and 2020, the country’s President López Obrador, along with private sector representatives, announced multiple projects as part of the nation’s infrastructure plan. The rapidly urbanizing population is driving the demand in the construction sector in the country. In addition, the growth in population and increase in government spending on infrastructure are major drivers for the construction market in Indonesia. Hence, the strong growth of the construction industry in these developing countries is mainly driving the soundproof glass market growth.
REPORT SEGMENTATION AND SCOPE
The "Global Soundproof Glass Market Analysis to 2030" is a specialized and in-depth study with a major focus on the global soundproof glass market trends and growth opportunities. The report aims to provide an overview of the global soundproof glass market with detailed market segmentation by product type, application, end use, and geography. The global soundproof glass market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of soundproof glass worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the soundproof glass market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the soundproof glass market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative soundproof glass market opportunities that would, in turn, aid in identifying the major revenue pockets.
Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global soundproof glass market, which helps understand the entire supply chain and various factors affecting the market growth.
SEGMENTAL ANALYSIS
The global soundproof glass market is segmented on the basis of product type, application, and end use. Based on product type, the soundproof glass market is segmented as double glazing and laminated. On the basis of application, the market is classified as patio doors, windows, skylights, internal screens, room partitions, and others. Based on end use, soundproof glass market is segregated into residential, commercial, and others.
Based on product type, the laminated glass accounted for a significant soundproof glass market share. This glass has a double layer of polyvinyl butyral that dampens the soundwaves and effectively reduces the sound and provides excellent soundproofing. Based on application, window accounted for a major soundproof glass market share owing to the high adoption rate of soundproof glass in window frame to prevent noise passing through. Based on end use, commercial sector accounted for major soundproof glass market.
REGIONAL ANALYSIS
The report provides a detailed overview of the global soundproof glass market with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia Pacific is estimated to account for a significant soundproof glass market share globally. Large residential and commercial sector and fastest growing Asian economy is the key factor in growing demand for soundproof glass. North America is also expected to witness considerable growth with the increasing building and construction industry.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
Partnership, acquisitions, and new product launches were found to be the major strategies adopted by the players operating in the global soundproof glass market.
In April 2023, Anglian Home Improvements introduces solid roof conservatories and replacement conservatory roofs.
IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION
The covid-19 pandemic led to a decline in the progress of many industries across the globe. Shutdown of manufacturing plants and restricted trade across the globe led to supply chain constraints for the manufacturers across the globe. The COVID-19 pandemic has negatively affected the soundproof glass market owing to stoppage in construction activities worldwide to curb the infection rate. The COVID-19 pandemic has caused a delay in most ongoing construction projects and reduced the productivity of the construction industry. Due to the reduced construction activities worldwide, the demand for soundproof glass in different residential, commercial, industrial, and infrastructural application has reduced. The pandemic has disturbed manufacturing processes due to restrictions imposed by government authorities in various countries. The increased raw material prices posed major challenges for companies in the soundproof glass market. However, the economies started reviving and the investment made by various government authorities to enhance the production facilities has led to overcoming the supply demand gap.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Some of the key players operating in the soundproof glass market include, Asahi India Glass Limited, Anglian Home Improvements, Bear Glass, Bohamet S.A., Fenesta Company, Hensal Glass, Kiran Slido Craft, New Tech Engineering Systems, Seves Glassblock, Stegbar, Wehrmann’s GLASideen, CE Glass Industries, UAB Maristika, and Ace Glass among others.