Building and Construction Tapes Market Research Report 2023
Building and Construction Tapes Market Size By Product (Double-Sided Tapes, Masking Tapes, Duct Tapes, Others), Application (Flooring, Walls & Ceiling, Doors, Roofing, Electrical, Others) Function (Bonding, Protection, Insulation, Glazing, Sound Proofing, Others) End-User (Residential, Commercial, Industrial), Distribution Channel (Direct and Indirect) and Region Global Market Analysis and Forecast, 2023-2030
Building and Construction Tapes Market Synopsis
Building and Construction Tapes Market Size Was Valued at USD 4.53 Billion in 2022, and is Projected to Reach USD 7.06 Billion by 2030, Growing at a CAGR of 5.7% From 2023-2030.
The building and construction tapes market refers to the industry that manufactures and supplies various types of adhesive tapes specifically designed for use in the building and construction sector. These tapes are used for a wide range of applications, such as bonding, sealing, masking, insulation, and surface protection in construction projects.
- Building and construction tapes are specifically formulated adhesive tapes that are used in the construction industry for various purposes. These tapes are designed to offer strong adhesion, durability, and resistance to weather and environmental conditions commonly encountered in building projects.
- These tapes play a crucial role in construction by providing solutions for tasks such as sealing, bonding, repairing, and protecting different surfaces and materials. They are made using different materials, such as cloth, vinyl, or specialized synthetic compounds, to cater to specific construction requirements.
- Building and construction tapes are known for their high tensile strength, which enables them to withstand heavy loads and stresses. They are often resistant to water, moisture, UV rays, extreme temperatures, and chemicals, making them suitable for both indoor and outdoor applications.
- Overall, the building and construction tapes market plays a crucial role in providing efficient and reliable solutions for various construction applications, contributing to the advancement of the building industry.
Top Key Players Involved Are:
"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."
Building and Construction Tapes Market Trend Analysis
Increase in Construction Activities
- The growth in construction activities is often fueled by infrastructure development projects, such as roads, bridges, railways, airports, and buildings. These projects require various types of tapes for applications like sealing, bonding, insulation, and protection. The demand for building and construction tapes increases as more infrastructure projects are undertaken.
- Additionally, rapid urbanization and population growth lead to increased construction of residential and commercial buildings. As cities expand and populations increase, there is a greater need for construction materials, including tapes, to ensure efficient and durable construction.
- Alongside new construction, there is a significant demand for renovation and remodeling projects. Many existing structures require upgrades and improvements, which often involve the use of tapes for purposes like surface protection, masking, and adhesion
- and hence, these factors collectively drive the growth of the building and construction tapes market as construction activities expand.
The Manufacturing of Environmentally Friendly Tapes
- There is a rising global awareness and concern for environmental issues. Consumers, businesses, and regulatory bodies are increasingly prioritizing sustainability and seeking eco-friendly alternatives. The demand for environmentally friendly products, including tapes, is on the rise. Manufacturers who can provide sustainable tape options have a competitive advantage and an opportunity to tap into this growing market demand.
- The production of eco-friendly tapes allows manufacturers to differentiate themselves from competitors. By offering tapes that are manufactured using sustainable materials and processes, companies can position themselves as environmentally conscious and socially responsible.
- Many countries and regions have introduced regulations and standards related to environmental protection and sustainability. By manufacturing environmentally friendly tapes, companies can ensure compliance with these regulations and avoid potential penalties or restrictions on their products.
- The production of environmentally friendly tapes presents a significant opportunity in the market. As sustainability and eco-consciousness continue to gain importance, there is a growing 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.
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.
- The construction industry in the Asia Pacific is witnessing substantial growth due to population growth, rising disposable incomes, and increased government initiatives. This growth is driving the demand for building and construction tapes, as they are essential for various applications in the construction sector.
- Overall, Asia Pacific's dominance in the building and construction tapes market can be attributed to the region's rapid urbanization, infrastructure investments, growing construction industry, renovation activities, strong manufacturing base, and favorable government policies.
Source – Statista
Asia spends the most on a count of 46% of the worldwide after Asia western Europe and North America spend respectively 24% and 17 % worldwide. In comparison with others, eastern Europe, South America & MEA spend 5%, 4% & 4% respectively.
Covid-19 Impact Analysis on the Building and Construction Tapes Market
- The global lockdowns and restrictions imposed to contain the spread of the virus resulted in disruptions in the supply chain of building and construction tapes. Manufacturing facilities were temporarily shut down, and transportation restrictions hindered the movement of raw materials and finished products. This led to delays in production and delivery, affecting the market.
- Many construction projects were either halted or delayed during the pandemic due to labor shortages, social distancing measures, and economic uncertainties. This decline in construction activities directly impacted the demand for building and construction tapes.
- As the pandemic hit, the priorities of the construction industry shifted toward health and safety measures. More focus was given to implementing protocols and guidelines to ensure worker safety, leading to a temporary decrease in demand for non-essential products like building and construction tapes.
- Overall, the COVID-19 pandemic had a disruptive impact on the building and construction tapes market, causing temporary setbacks due to supply chain disruptions, reduced construction activities, and shifting priorities.
Top Key Players Covered in The Building and Construction Tapes Market
- 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.
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.
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Global Building and Construction Tapes Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
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Historical Data: |
2016 to 2021 |
Market Size in 2022: |
USD 4400 Mn. |
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Forecast Period 2023-30 CAGR: |
7.30% |
Market Size in 2030: |
USD 7800 Mn. |
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Segments Covered: |
By Product |
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By Application |
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By Function |
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By End-User |
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By Distribution Channel |
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By Region |
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Global Building and Construction Tapes Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
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Historical Data: |
2016 to 2021 |
Market Size in 2022: |
USD 4.53 Bn. |
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Forecast Period 2023-30 CAGR: |
5.7% |
Market Size in 2030: |
USD 7.06 Bn. |
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Segments Covered: |
By Product |
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By Application |
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By Function |
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By End-User |
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By Distribution Channel |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the Report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Product
3.2 By Application
3.3 By Function
3.4 By End-User
3.5 By Distribution Channel
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
Frequently Asked Questions
What would be the forecast period in the Building and Construction Tapes Market research report?
The forecast period in the Building and Construction Tapes Market research report is 2023-2030.
Who are the key players in Building and Construction Tapes Market?
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.
What are the segments of the Building and Construction Tapes Market?
The Building and Construction Tapes Market is segmented into Product, Application, Function, End-User, Distribution Channel, and region. By Product, the market is categorized into Double-Sided Tapes, Masking Tapes, Duct Tapes, Others. By Application, the market is categorized into Flooring, Walls & Ceiling, Doors, Roofing, Electrical, Others. By Function, the market is categorized into Bonding, Protection, Insulation, Glazing, Sound Proofing, Others. By End-User, the market is categorized into Residential, Commercial, Industrial. By Distribution Channel, the market is categorized into Direct and Indirect. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia Pacific (China; India; Japan; South Korea; Malaysia; Thailand; Vietnam; The Philippines; Australia; New-Zealand; Rest of APAC), Middle East & Africa (Turkey; Bahrain; Kuwait; Saudi Arabia; Qatar; UAE; Israel; South Africa), South America (Brazil; Argentina; Rest of SA)
What is the Building and Construction Tapes Market?
The building and construction tapes market refers to the industry that manufactures and supplies various types of adhesive tapes specifically designed for use in the building and construction sector. These tapes are used for a wide range of applications, such as bonding, sealing, masking, insulation, and surface protection in construction projects.
How big is the Building and Construction Tapes Market?
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.
