Soundproof Paint Market

Soundproof Paint Market Size by Type (Enamel Based, Latex Based, Epoxy Soundproof, Ceramic Soundproof and Others), Application (Automotive, Train, Ship, Building and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-14088
  • Published Date: Feb, 2024
  • Pages: 237
  • Category: Chemicals & Materials
  • Format: PDF
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The global Soundproof Paint market was valued at USD 119.89 Million in 2023 and growing at a CAGR of 8.34% from 2023 to 2032. The market is expected to reach USD 267.09 Million by 2033. Soundproofing is the method of decreasing sound transmission between rooms. It is generally done by blocking the sound moving from one room to another or from outside. The main objective of soundproofing is to stop sound from moving in and out of the room. It can be useful for recording studios, music rooms and homes near intersections. These soundproof paints are specifically formulated to have sound-absorbing particles. After it is applied to the surface, it makes a thin layer between the walls. General paint is not good for soundproofing applications as it absorbs and displaces the sound. It does not block it completely. Hence, general paint is not considered effective as a primary soundproofing solution. The soundproof paint provides some degree of sound reduction but is ineffective in completely blocking the sound.

Market Introduction:

Soundproof or acoustic paint can effectively manage the noise levels inside the living spaces or soundproof the room. It is very useful for decreasing the external noise interference in settings such as recording studios and streaming setups. These paints are formulated to be fast-drying and have water-based viscoelastic compounds designed to absorb vibrations and decrease noise transmission. When dried up, this paint makes a protective surface film resistant to water and UV rays. Also, it has low combustibility. Thus, it is safer to use. Soundproof paints are thus user-friendly and environmentally friendly and help substantially decrease the sound. Soundproof paint impacts noise reduction, but its efficiency varies based on a specific type of noise one aims to address. These paints may be ineffective in combating very low and high frequencies. However, it can be cost-effective for tackling mid-range frequencies like human speech. These acoustic paints are made to reduce the transmission of sound through walls and ceilings by nearly 30% for normal frequencies. Hence, it can be said that these soundproof paints can decrease the sound transmission by around 2 to 5 decibels per coat, so it can cumulatively reduce the noise by 6 to 12 decibels as the standard practice is around three coatings. The requirement of more significant sound dampening requires the combination of soundproof paint with other techniques of soundproofing. For instance, in airports or busy roads, utilising soundproof paint and installing double-glazed windows and doors can offer a better solution to decrease noise intrusion. Also, the soundproof panels or additional dividers can further add to the soundproofing of any room in combination with paint. The soundproof paints can reduce some noise but are less effective than other solutions. Therefore, soundproof paints are generally used with other techniques to decrease noise.

Soundproof Paint Market Size

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Recent Development
  • In August 2023: AkzoNobel acquired the Chinese Decorative paint business from Sherwin Williams. It helps the organization’s position in China and further expands its product portfolio in this region. It is helping the organization expand its market share in the Soundproof Paint market.
  • In July 2009: PPG Commercial Coatings introduced Audioguard, which dampens vibrations and decreases vehicle noise. It’s a waterborne spray-applied coating. All these factors help the organization gain market share.    
  • In August 2013: PABCO Building Products acquired the QuietRock soundproofing wallboard segment from Serious Energy, which makes thermal and acoustic insulation. It helped the organization expand its range of products and provided access to new technology. These strategies help organizations grow in the market.

Market Dynamics:

Drivers

Growing usability in many places like universities Soundproof paint can be applied easily, and it is effective. It is generally non-invasive, fire-resistant, mould-resistant and mildew-resistant. These products can be useful for apartment buildings like multi-family housing, hotels, condo buildings, hospitals, office buildings, universities, retirement facilities, dorms and student housing. Soundproof paint is applied to shared, demising walls of many apartments, hotels, etc. Moreover, the soundproof coating is used in military applications like all-wheeled and tracked tactical systems and in building walls and ceilings. It helps the warfighter with less engine and vibrational noise in the passenger area of heavy-use military vehicles. All of these factors are eventually driving the Soundproof Paint market.

Restraints:

Higher Price – The prices of soundproof paint are higher in comparison to other paints. Also, soundproof paint is less effective without other soundproof technologies. Moreover, the use of soundproof paint can be tricker in comparison to regular paint. It also needs more than one layer, which also makes it costly. All these factors thus act as hindrances to the growth of the market.  

Opportunities:

Growing music recording sector– The recorded music sector started showing growth in 2015 after two decades of decline due to piracy. This industry grew from USD 14 Billion in 2014 to USD 20 Billion in 2019. Similarly, the global streaming revenue has increased at 42% CAGR since 2015. Based on one of the studies in May 2020, the global music industry revenue was estimated to increase from USD 62 Billion in 2017 to USD 131 Billion in 2030 with around 6% CAGR. In 2016, the prediction was that in 2030, the revenue would be around 104 billion, so there would be a significant increase. Moreover, recent trends suggest that in 2019 there was strong recorded music revenue growth of around 16% and 19% in countries like China and India, respectively. This trend is attributed to development in copyright enforcement and a surge in streaming adoption. If the trend continues, then China and India will grow as revenue sources for the sector. This factor will increase the need for recording studios and streaming setups. All these factors will eventually drive the Soundproof Paint market in the forecasting market.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest market for the global Soundproof Paint market, with a 44.21 % share of the market revenue in 2023. This market share is attributed to growing metropolitan areas in the region and a surge in construction activities. Also, soundproof paint is broadly used in commercial and residential projects in the region to decrease noise levels. There is more stringent noise regulation, and property owners & builders should follow the rule. These factors are eventually driving the use of soundproof paint. The growing construction sector, along with automotive, railing and general industries, are also propelling the market's growth. All these factors are propelling the growth of the Soundproof Paint market in the region.

North America Region Soundproof Paint Market Share in 2023 - 44.21%

 

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Type Segment Analysis

The type segment is divided into enamel based, latex based, epoxy soundproof, ceramic soundproof and others. The latex based segment dominated the market, with a market share of around 34.31% in 2023. This high market share is attributed to its easy use on interior surfaces like primed metal, wood, plaster, ceilings and walls. Latex-based soundproof paint is an easy-to-apply coating and an economical solution for decreasing sound transmission. Latex paint is considered a good preference for commercial and residential painting projects as it dries quickly, is environmentally friendly and is easy to work with. It is also easy to clean up.

Application Segment Analysis

The application segment is divided into automotive, train, ship, building and others. The building segment dominated the market, with a market share of around 35.21% in 2023. This market share is attributed to the usability of soundproof paint in apartment buildings like multi-family housing, hotels, condo buildings, hospitals, office buildings, universities, retirement facilities, dorms, and student housing. Also, there is an application for recording studios, music rooms and homes near intersections.

Some of the Key Market Players:
  • AkzoNobel
  • Hy-Tech Thermal Solutions
  • Colortek (Kassaa Group)
  • Dow
  • SoundGuard
  • PPG
  • Henkel
  • Soundbox Acoustic Technology Co Ltd
  • Daubert Chem
  • PABCO Gypsum

Report Description:

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2023 USD 119.89 Million
Market size value in 2033 USD 267.09 Million
CAGR (2024 to 2033) 8.34%
Historical data 2020-2022
Base Year 2023
Forecast 2024-2033
Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
Segments Type and Application

Frequesntly Asked Questions

North America region emerged as the largest market for the Soundproof Paint.

The market's growth will be influenced by growing usability in many places like universities.

Growing music recording sector will provide huge opportunities to the market.

Key players are AkzoNobel, Hy-Tech Thermal Solutions, Colortek (Kassaa Group), Dow, SoundGuard, PPG, Henkel, Soundbox Acoustic Technology Co Ltd, Daubert Chem and PABCO Gypsum among others.

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This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global Soundproof Paint market based on below mentioned segments:

Global Soundproof Paint Market by Type:

  • Enamel Based
  • Latex Based
  • Epoxy Soundproof
  • Ceramic Soundproof
  • Others

Global Soundproof Paint Market by Application:

  • Automotive
  • Train
  • Ship
  • Building
  • Others

Global Soundproof Paint by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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