According to the latest report by IMARC Group, titled, “Building and Construction Tapes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″ The study provides a detailed analysis of the industry, including the global building and construction tapes market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the building and construction tapes market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 4.10 Billion |
| Market Forecast in 2028 | US$ 5.36 Billion |
| Growth rate (2023 to 2028) | CAGR of 4.5% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is building and construction tapes?
Building and construction tapes refer to adhesive products designed to create a reliable bond with numerous surfaces, including wood, concrete, metal, and plastic. They are made using several raw materials, such as polyethylene (PE), polyvinyl chloride (PVC), acrylic, rubber, vinyl, foam, paper, etc. Building and construction tapes are widely used to seal and waterproof joints, reinforce structures, secure construction materials, protect surfaces, mark and delineate boundaries, and provide electrical insulation. They are highly versatile, user-friendly, and durable products that offer strong adhesion, save time, and withstand adverse environmental conditions, including ultraviolet (UV) rays, moisture, and temperature fluctuations.
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What are the growth prospects and trends in the building and construction tapes industry?
The rising consumer awareness regarding various product benefits, such as cost-effectiveness, ease of application, excellent durability, and long service life, is among the key factors driving the building and construction tapes market. Moreover, the implementation of strict government regulations to enhance safety standards in the construction industry and maintain appropriate building codes for the protection of occupants is also stimulating the market growth. Besides this, the inflating emphasis on energy efficiency and green building erection is facilitating product demand as it improves insulation, reduces energy losses, creates a healthy indoor environment, and increases the efficiency of heating, ventilation, and air conditioning (HVAC) systems, which is acting as another significant growth-inducing factor. Furthermore, the growing investments in infrastructural development projects and easy availability of the item across various e-commerce platforms are further propelling the global market. Apart from this, the rising focus on safety and hazard mitigation is anticipated to fuel the building and construction tapes market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Double-Sided Tapes
- Masking Tapes
- Duct Tapes
- Others
Breakup by Material Type:
- Polyvinyl Chloride
- Polyethylene Terephthalate
- Polypropylene
- Polyethylene
- Foil
- Paper
- Foam
Breakup by Application:
- Doors
- Flooring
- Roofing
- Walls and Ceilings
- Windows
- Others
Breakup by End User:
- Commercial
- Residential
- Industrial
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 3M Company
- Avery Dennison Corporation
- Berry Global Inc
- Bostik SA (Arkema)
- DuPont de Nemours Inc.
- Henkel AG & Co. KGaA
- Nitto Denko Corporation
- Saint-Gobain Corporation
- Scapa Group Plc.
- Shurtape Technologies LLC
- Tesa SE
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