The innovation and development of advanced acoustic tapes is expected to spur the growth of this market over the forecast period.
[EUPRwire, Thu Oct 11 2018] The acoustic tape is an indispensable tool for noise protection and isolation. Intended to decrease sound transfer by isolating partitioning and party walls in all forms of construction, it plays an essential role in preventing ‘flanking’ noise coming from the flooring to the acoustic board. Also known as an isolation tape, the acoustic tape is produced using natural rubber pooled with recovery properties and excellent loading. The acoustic tape should be fixed around the edge of the acoustic flooring, ensuring acoustic board does not come into contact with the skirting board, which could produce ‘flanking’ routes for the sound to travel along and significantly lessen the usefulness of installation.
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The innovation and development of advanced acoustic tapes is expected to spur the growth of this market over the forecast period. Moreover, urbanization in developing regions have augmented the demand for residential structures and the improved lifestyle of the consumers have resulted in a surge in the demand for noise-free buildings, which is projected to foster the growth of acoustics tape market. Key players in the global acoustics market are expected to benefit primarily from the development of new applications for acoustic materials from the rising demand in the emerging regions.
Global Acoustic Tape Market Dynamics
Owing to the increasing noise pollution and surrounding sounds, the acoustic tapes are getting disturbed, thereby causing harmful effects on the human health. Noise pollution can cause several mental and psychological disorders such as cardiovascular diseases, hearing problems and permanent loss of hearing, sleep disturbances, hypertension and physiological losses. The ECBC code mandates to reduce the energy consumption by 40% by means of green building materials. As a result, there are now stringent regulations in place for energy conservation and noise reduction, which are anticipated to bode well for the acoustic tape market in the upcoming years. Factors such as rapid industrialization resulting in demand for reducing high decibel sound originating from the machinery, rising demand from residential applications owing to the need for dampening the outdoor sounds and increasing expenditure on research activities are expected to boost the global acoustic tape market. Additionally, the surge in automobile production and sales along with the rising consumption of acoustic materials such as acoustic tapes is estimated to fuel the market.
Meanwhile, the high cost associated with the purchase and installation of acoustic tapes has slowed down its adoption. Additionally, need for scientific and technological expertise for the production and installation of acoustic tapes has slowed their adoption. However, the migration rate of the population from rural to urban areas continues to act as an indicator of growth for the acoustic tape market. Moreover, growing high net worth individual population across the globe is projected to flourish the growth of the acoustic tape market over the forecast period.
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Global Acoustic Tape Market Segmentation
The acoustic tape market includes the following segments:
The global acoustic tape market can be segmented on the basis of material type as: