Building And Construction Tapes Market - Future Scope Detailed Analysis to 2023

Market Overview:

The Global Building And Construction Tapes Market Size Was Valued At USD 4400 Million In 2023 And Is Projected To Reach USD 7800 Million By 2030, Growing At A CAGR Of 7.30% From 2023 To 2030.

The construction tape market includes the production and supply of tapes specifically for the construction industry. These tapes are used in construction projects for various purposes such as bonding, sealing, covering, insulation and surface protection. They have strong adhesion, durability and elasticity that can withstand the harsh weather and environmental conditions encountered in construction. Construction and construction tapes are made from a variety of materials such as fabric, vinyl or special synthetic compounds to meet specific construction needs. Thanks to their high tensile strength, they withstand high loads and stresses.

Leading companies reviewed in the Building And Construction Tapes Market report is:

3M Company (US), Avery Dennison Corporation (US), Tesa SE (Germany), Nitto Denko Corporation (Japan), Intertape Polymer Group Inc. (Canada), Saint-Gobain Performance Plastics Corporation (France), Shurtape Technologies LLC (US), Scapa Group PLC (UK), Lintec Corporation (Japan), Berry Global Inc. (US), Advance Tapes International Ltd. (UK), Griff Paper and Film (US), Cantech Industries Inc. (Canada), Jonson Tapes Limited (India), Adhesive Applications Inc. (US), Pro Tapes & Specialties Inc. (US), ECHOtape (Canada), Kruse Adhesive Tape Inc. (US), NMC SA (Belgium), Dukkeo Tape Co. Ltd. (South Korea) and Other Major Players.

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Key Chapter Will Be Provided In The Report

·       Patent Analysis

·       Regulatory Framework

·       Technology Roadmap

·       BCG Matrix

·       Heat Map Analysis

·       Price Trend Analysis

·       Investment Analysis

·       Company Profiling and Competitive Positioning

·       Industry Value Chain Analysis

·       Market Dynamics and Factors

·       Porter’s Five Forces Analysis

·       Pestle Analysis

·       SWOT Analysis

 

Market Dynamics:

Driver:

Construction activity is increasing, led by infrastructure projects including roads, bridges, railways, airports and buildings. The demand for various tapes is increasing as these projects require applications such as sealing, bonding, insulation and protection. In addition, the strong growth of urbanization and population growth increases the construction of residential and commercial buildings. As cities expand and the population grows, the demand for construction materials such as tapes increases to ensure efficient and sustainable construction. At the same time, the need for renovation and renovation projects creates an essential demand for tapes.

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Opportunities:

As global awareness and concern for environmental issues grow, the demand for environmentally friendly products such as tapes increases dramatically. Manufacturers that offer sustainable tape options gain a competitive advantage and benefit from growing market demand. Sustainable materials and processes allow companies to stand out through their environmental awareness and social responsibility. In addition, compliance with environmental regulations and standards becomes easier, reducing the risk of sanctions or restrictions. The production of ecological tapes offers a significant market opportunity as sustainability and environmental awareness become increasingly important, increasing the demand for products that minimize environmental impact.

Segmentation Analysis of the Building and Construction Tapes Market

·       Building and Construction Tapes market segments cover the Product, application, Function, End-users, and Distribution channels. By Product, the Double-Sided Tapes segment is Anticipated to Dominate the Market Over the Forecast period.

 

·       Double-sided tapes are known for their versatility and wide-ranging applications. They can be used for bonding two surfaces together, mounting objects, securing materials, and providing adhesion in various industries such as automotive, construction, electronics, and packaging.

 

 

·       Additionally double-sided tapes offer efficient bonding solutions due to their adhesive properties on both sides. They eliminate the need for traditional bonding methods like screws, rivets, or liquid adhesives, providing a quicker and easier bonding process.

 

·       Also, the construction industry is a significant consumer of double-sided tapes. These tapes are used for various applications, such as mounting mirrors, attaching decorative panels, bonding architectural elements, and securing flooring materials.

 

·       Overall, the dominance of the double-sided tapes segment in the market over the forecast period can be attributed to their versatile applications, efficient bonding solutions, enhanced aesthetics, increased demand in the construction industry, advancements in tape technologies, and the preference for efficient assembly methods in various industries.

 

By Product

·       Double-Sided Tapes

·       Masking Tapes

·       Duct Tapes

·       Others

By Application

·       Flooring

·       Walls & Ceiling

·       Doors

·       Roofing

·       Electrical

·       Others

By Function

·       Bonding

·       Protection

·       Insulation

·       Glazing

·       Sound Proofing

·       Others

By End-User

·       Residential

·       Commercial

·       Industrial

By Distribution Channel

·       Direct

·       Indirect

 

Regional Analysis of The Building and Construction Tapes Market

Asia Pacific is Expected to Dominate the Market Over the Forecast Period.

 

·       Asia Pacific is experiencing significant urbanization, with the growth of cities and infrastructure development projects. This trend has increased the demand for building and construction tapes, as they are widely used in various applications such as sealing, bonding, and insulating in construction projects.

 

·       Many countries in the Asia Pacific region, including China, India, and Southeast Asian nations, are heavily investing in infrastructure development. This includes the construction of roads, bridges, airports, railways, and commercial buildings. Building and construction tapes find extensive usage in these projects, further driving the market growth.

 

·       North America

o   US

o   Canada

o   Mexico

 

·       Eastern Europe

o   Bulgaria

o   The Czech Republic

o   Hungary

o   Poland

o   Romania

o   Rest of Eastern Europe

 

·       Western Europe

o   Germany

o   UK

o   France

o   Netherlands

o   Italy

o   Russia

o   Spain

o   Rest of Western Europe

 

·       Asia Pacific

o   China

o   India

o   Japan

o   South Korea

o   Malaysia

o   Thailand

o   Vietnam

o   The Philippines

o   Australia

o   New Zealand

o   Rest of APAC

 

·       Middle East & Africa

o   Turkey

o   Bahrain

o   Kuwait

o   Saudi Arabia

o   Qatar

o   UAE

o   Israel

o   South Africa

 

·       South America

o   Brazil

o   Argentina

o   Rest of SA

 

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Key Industry Developments in the Building and Construction Tapes Market

In May 2023, 3M and Svante will partner to develop Direct Air Capture (DAC) products for the carbon dioxide removal (CDR) industry, driving their shared commitment to find materials science-based solutions to achieve net-zero emissions and combat global warming.

 

In December 2022, HICKORY NC – Shurtape Technologies LLC, an industry-leading producer of pressure-sensitive tapes, announced the acquisition of Pro Tapes & Specialties Inc. a tape manufacturer and converter that services a variety of markets, including graphic arts, library, and school supply, precision die-cutting and fabricating, contract, and custom converting, retail and general industrial.

 

The report provides insights on the following pointers:

1.     Market Penetration: Offers comprehensive information on the market offered by the key players

2.     Market Analysis: Provides detailed information on lucrative growing markets and examines market penetration across mature segments.

3.     Market Diversification: Details regarding new product launches, untapped geographies, recent developments, and investments are provided.

4.     Competitive Landscape: Provides an in-depth analysis of the top companies' market shares, strategies, products, certification, regulatory approvals, patent landscape, and production capabilities.

5.     Industry Dynamics and Factors: Offers insightful information about future technologies, R&D initiatives, and game-changing product breakthroughs.

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The report covers exhaustive analysis on:

•The market size and industry growth rate of the global and regional market across various segments

•Based on extensive primary and secondary research this report provides comprehensive and granular data

•Key technological advancements and market trends that shape the market

•Brand dynamics and distribution trends in order to effectively plan strategies in the forecast period 2023-2030

•Key companies operating in this market and their market share

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