Global Building and Construction Tapes
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
Market Split by Product Type |
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Market Split by Application |
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Market Split by Backing Material |
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Market Split by Function |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Building and Construction Tapes industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Building and Construction Tapes Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Building and construction tapes offer strong adhesion for a range of infrastructure applications. Synthetic compounds are used to glue two surfaces together to support contraction in building and construction tapes. Building and construction tapes offer unparalleled advantages beyond just giving the interior and external structures a beautiful appearance. These advantages include protecting windows and walls and being incredibly simple and quick to apply to any surface. In addition, paint, wire bundling, remodelling the building's structure, and insulation are all accomplished with the use of construction and building tapes.
The growing population, quick urbanization, and industrialization of developing nations are driving factors in the building and construction tapes market. The global construction industry's rise is a crucial component propelling the market. Constantly improving economic conditions in developing countries draw customers looking for solutions related to the market. Its attractiveness is increased by how reasonably priced it is in comparison to other options like adhesives, carpentry, etc. Global demand for building and construction tapes is driven by rising urban populations in emerging economies and rapid infrastructural development. Additionally, market expansion is aided by the use of new technologies in cassettes that result in notable performance.
The U.S. Census Bureau and the Department of Housing and Urban Development reported new residential construction statistics for February 2024. The number of privately owned housing units with building licenses granted rose by 1.9 percent to 1,518,000. Authorizations for single-family homes rose by 1.0 percent, while those for apartments in structures housing five or more saw a 429,000 increase. The number of starts and completions of privately owned dwellings climbed by 10.7% and 19.7%, respectively. In buildings with five units or more, the rate was 644,000 for units. demonstrating the rise in infrastructure development in the last few years and increasing tape demand.
The market is being driven by the increasing demand for pressure-sensitive tapes because of their greater strength, improved aesthetics, reduced manufacturing costs, and cost-effectiveness. The market is anticipated to be driven by factors such as the food and beverage industry's growing need for corrugated box packaging, improvements in manufacturing techniques, and materials utilized for pressure-sensitive tapes. Additional factors anticipated to drive market growth include the expanding use of medical tapes and the launch of specialist electrically conductive adhesive tapes for telecom equipment. Pressure-sensitive tapes are predicted to become more popular in the building and construction industry due to the growing demand for them.
For instance, PSA tapes save time because of their instantaneous adhesion, unlike liquid adhesives that need special setups and/or lengthy curing times, according to Carlos Angulo Barrios' Pressure Sensitive Adhesive Tape: A Versatile Material Platform for Optical Sensors. PSA tapes have been used for the temporary fixation of components, solar modules, foam and gaskets, mounting emblems, and cable harnessing in several important markets, including building and construction, the automotive, aerospace, marine, medical, appliances, electronics, and packaging industries.
For the production of tapes, raw materials such as PVC, PP, acrylic, SBR, polymers, and paper are essential. These materials' profitability is impacted by changes in the price of crude oil. Prices have decreased as a result of technological breakthroughs narrowing the supply-demand imbalance. Crude oil prices have an impact on the price of synthetic rubber, which is a major raw ingredient for adhesives. The manufacturers of construction and building tape are impacted by this. Almost 45% of synthetic rubber consumption is made up of SBR, the most popular type. It is anticipated that price variations and difficulties locating raw materials will limit market expansion.
For instance, Leila Ben et al.'s IZA DP No. 16706, "On the Impact of Oil Prices on Sectoral Inflation: Evidence from World's Top Oil Exporters and Importers," states that the unstable global economic climate has caused major changes in the oil market recently. Inflation and economic activity can both be adversely affected by high oil costs. Transportation and raw materials are two industries that are impacted by rising crude oil prices, which also raise the pricing of petroleum products. The current Ukrainian crisis has shaken up world markets, sending financial markets into disarray and driving up oil prices. According to one analyst, inflation might reach 9% if oil prices climb to $120 per barrel, which could hurt highly dependent nations and their monetary policies.
The global lockdown is believed to have been caused by the COVID-19 pandemic, which stopped the production of several items in the building and construction tapes industry. This has hindered the market's growth for building and construction tapes in recent months and is probably going to do so in 2022. Building and construction tape sales were impacted by the pandemic in the fourth quarter of 2021, and it is expected that this negative impact will continue to hinder market growth in the following year.
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Key players are making strategic purchases and divestitures to enhance portfolio management. The majority of businesses place a strong emphasis on developing their technological capabilities to increase their capacity for product development, as this helps prevent price-based competition. As a result, the market's dominant firms engage in a lot of merger and acquisition (M&A) activity.
Paper-based reinforcement: Tesa introduces a new adhesive tape designed for environmentally friendly packaging. The new tesa® 51345 paper-based adhesive tape strengthens the carton and packaging's important stress points, such as the side, flap, and top holes of the handles. – PR Newswire, 22nd November 2023
Ahlstrom Presents Release Liners for Pressure-Sensitive Tapes: The newly introduced products are made of unbleached and recycled fibers. – Nonwovens, 28th June 2023
Top Companies Market Share in Building and Construction Tapes Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Region and country analysis section of Building and Construction Tapes Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Building and Construction Tapes market.
The current report Scope analyzes Building and Construction Tapes Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Building and Construction Tapes Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Building and Construction Tapes Industry growth. Building and Construction Tapes market has been segmented with the help of its Product Type, Application Backing Material, and others. Building and Construction Tapes market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Duct Tape held the major market share over the forecast period owing to its excellent qualities, including insulation and protection, the product is widely used in HVAC applications. Furthermore, businesses like 3M produce sophisticated duct tapes like 3M Multi-Purpose Duct Tape 3900, which is useful for a variety of tasks like wrapping, sealing, and safeguarding. To achieve optimal performance in demanding applications, the products are designed to be waterproof.
Other Tapes are the fastest-growing category over the forecast period. One of the main uses of other tapes in the building and construction sector is electrical insulation tape, which is a specialty tape. Specialized foil tapes are among the various tapes; their main purpose is to alter the electrical properties. Furthermore, because of the specific uses for copper- and aluminum-backed tapes, market growth is projected.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Building and Construction Tapes Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the HVAC application of tapes holds a prominent market share because projects in the commercial and industrial sectors require temporary bonding. The durability and long-lasting character of tapes used in these situations—Duct tapes, double-sided tapes, etc., benefit both professionals and do-it-yourselves. By appealing to a broader population and matching the needs-based qualities of individuals, this trend broadens the market reach.
Windows applications for tapes are the fastest-growing market throughout the projected period because these tapes are used as practical solutions that are frequently subjected to environmental factors. Because insulation tapes can provide resistance against environmental elements including water vapor, UV radiation, expansion and contraction mechanisms, and fluctuating temperature ranges, they are typically used in conjunction with such tapes.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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According to Cognitive Market Research, foam back material holds a prominent market share because double-sided foam tapes can serve as shock absorbers, vibration dampeners, surface levellers, and thermal sealers across temperature-varying substrates. Because these tapes can also be used as seals to keep out air, gasses, moisture, and humidity, there is a growing market for foam-backed tapes overall, which is driving the expansion of the building and construction tapes industry globally.
Foil back material is the fastest-growing segment over the forecast period due to the product has great strength. Additionally, a lot of tapes with metal backing are used to alter the conductivity of the system. High-malleability products are more likely to be adopted in systems with lots of corners. Product growth is expected to be fuelled by an increase in the use of products for demanding applications over the projection period.
According to Cognitive Market Research, the bonding function holds a prominent market share because advanced, high-strength tapes are used in the window panel mounting sector. Furthermore, it is projected that the growth of commercial and industrial structures would likely lead to an increase in the use of these items for the aforementioned purpose, increasing demand for adhesive tapes for ornamental and temporary bonding.
Cable management function of tapes is the fastest-growing category over the forecast period Advanced tapes used for cable management are in high demand because of the building and construction industry's growing need for room alterations. Furthermore, the tape market is anticipated to rise as a result of an increasing trend in cable management. But it's expected that there would be fierce rivalry in the function market if cable fasteners were used for the same purpose.
Senior Research Analyst at Cognitive Market Research
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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Building and Construction Tapes Market is witnessing significant growth in the near future.
In 2023, the Double Sided Tapes segment accounted for noticeable share of global Building and Construction Tapes Market and is projected to experience significant growth in the near future.
The Flooring segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies L&L Products Inc., DOW and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product Type | Double Sided Tapes, Masking Tapes, Duct Tapes, Other Tapes |
Application | Flooring, Walls and Ceiling, Windows, Doors, Roofing, Building Envelope, Electrical, HVAC, Plumbing |
Backing Material | PVC, PET, PP, PE, Foil, Paper, Foam, Others |
Function | Bonding, Protection, Insulation, Glazing, Sound Proofing, Cable Management |
List of Competitors | L&L Products Inc., tesa SE, DOW, 3M Company, PPG Industries, American Biltrite Inc., Adchem Corporation, Avery Dennison Corporation, Saint Gobain, Berry Plastics, Lintec, Jonson Tapes Limited, Scapa, Shurtape Technologies LLC, Henkel AG |
This chapter will help you gain GLOBAL Market Analysis of Building and Construction Tapes. Further deep in this chapter, you will be able to review Global Building and Construction Tapes Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Backing Material Analysis 2019 -2031
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Chapter 13 Market Split by Function Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Building and Construction Tapes market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Double Sided Tapes have a significant impact on Building and Construction Tapes market? |
What are the key factors affecting the Double Sided Tapes and Masking Tapes of Building and Construction Tapes Market? |
What is the CAGR/Growth Rate of Flooring during the forecast period? |
By type, which segment accounted for largest share of the global Building and Construction Tapes Market? |
Which region is expected to dominate the global Building and Construction Tapes Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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