Building And Construction Tapes Market
Building and Construction Tapes Market Forecasts to 2028 - Global Analysis By Product Type (Masking Tapes, Double Sided Tapes and Duct Tapes), Function (Sound & Water Proofing, Bonding and Other Functions), Backing Material (Foam, Polyvinyl Chloride and Other Materials), Distribution Channels (Third-Party and Direct), Application (Windows, Flooring and Other Applications), End User and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $4.17 BN |
|
Projected Year Value (2028) |
US $6.05 BN |
|
CAGR (2022 - 2028) |
6.4% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Building and Construction Tapes Market is accounted for $4.17 billion in 2022 and is expected to reach $6.05 billion by 2028 growing at a CAGR of 6.4% during the forecast period. The bonding of architectural parts and components is done with building and construction tapes. These tapes have excellent holding power, high strength, and exceptional stickiness. In order to create construction and building tape, synthetic elements including recycled rubber, aluminium foil, pulp, cotton fabric and glass are used. As a result, these tapes have many different uses in the construction industry. Construction tapes connect a range of substrates, including plastic, concrete, and fibre, permanently and are simple to apply. Building and construction tapes are in more demand due to the rapid growth of infrastructure and construction projects around the world.
According to the Organization of the Petroleum Exporting Countries (OPEC), crude oil production was reduced to 7.7 million barrels/day till Dec 2020, leaving it the single most considerable reduction in the overall history.
Market Dynamics:
Driver:
Rapid urbanization and growing construction industry
The critical element that is promoting the market growth is the rising construction industry. Growth in the industry is also driven by ongoing improvements in the economic climate in developing countries like China, Brazil, India, and others that raise living standards. Additionally, the expansion of the global market is facilitated by the acceleration of industrialization, shifting lifestyle preferences, and housing and construction development. The market for building and construction tapes is driven by the growing urban population in emerging economies and the rapid development of infrastructure. Utilising cutting-edge technology in tapes that deliver notable performance also helps the market expansion.
Restraint:
Fluctuation in Raw Material Costs
The development of the pandemic has caused price fluctuations for many raw materials needed in the production of tape. Petroleum is used in the production of raw materials including polyvinyl chloride, polyethylene terephthalate, polypropylene, and polyethylene. However, the fluctuation in oil prices raises the price of raw materials, which further restrains the market's expansion for building and construction tapes. Since the emergence of the new coronavirus, declining crude oil demand has caused raw material prices to fluctuate, impeding the market.
Opportunity:
Increasing demand for building and construction tapes
Building and construction tapes can withstand abrasive conditions and high temperatures and can firmly connect with a variety of substrates and materials. Due to their outstanding performance, these tapes are in great demand in the building and construction sector. The demand for these tapes to mount, repair, and seal gaps in door panels or windows is what is causing the global market to expand. Additionally, roofing tapes are extensively used in the construction industry for sealing and water proofing purposes due to their strong barrier qualities, supporting the market's expansion. Electrical tape has great insulation properties, which increases demand in various construction-related businesses. Furthermore, the expansion of the global market is aided by the rise in demand for such tapes in HVAC installation.
Threat:
Weather limitations associated with the building tapes
Few unfavourable weather circumstances can impair the adhesion and general productivity of building construction tapes, despite the fact that they provide the building structure with incomparable perks. The performance of building construction tapes' adhesives can be drastically altered by excessive heat; in high temperatures, the adhesion melts. In contrast, low temperatures make it difficult to apply tapes. Additionally, tapes without water resistance cannot function well during the rainy season. Weather conditions that are too dry or too humid can interfere with the adhesion of tapes. As a result, these weather restrictions obstruct the market's expansion.
Covid-19 Impact
The manufacture of many different products on the market slowed down as a result of the lockdowns implemented during the pandemic. Additionally, it slowed down market expansion, and this pattern is most likely to persist in the years to come. To cut costs, many manufacturing firms stopped their production processes. Early on in the pandemic, lack of labour and raw supplies as well as public concern of the virus's spread also had an impact on market expansion. Stopping the construction work also decreased the need for the tapes, which further impacted the expansion of the global market.
The double sided tapes segment is expected to be the largest during the forecast period
The double sided tapes segment is estimated to have a lucrative growth, due to the expanding use of double-sided tapes for mounting glass components and attaching doors and panels. Growing aesthetic relevance in the building and construction industry, as well as the product's capacity to replace alternatives like adhesives, all contribute to the segment's expansion. Due to their strong barrier qualities, they also provide sealing and water proofing functions, which support the growth of the category and further expand the global market.
The flooring segment is expected to have the highest CAGR during the forecast period
The flooring segment is anticipated to witness the fastest CAGR growth during the forecast period. The installation of flooring makes extensive use of tapes to identify dangers, create aisles, provide clear directions, and divide the room. It can be used for a variety of floor marking purposes in industrial and manufacturing facilities. As they identify the locations of various crucial safety features, such as emergency eye wash stations, decontamination showers, and fire extinguishers, using such tapes for flooring is becoming more popular.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period as a result of the governments in the Asia-Pacific region taking more steps to support the construction sector. The market for building and construction tapes in the Asia-Pacific region is also expanding as a result of the region's rapid urbanisation and rising standard of life. Additionally, new product introductions and technical developments are driving growth in the Asia-Pacific market for building and construction tapes.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period. The growth of the building and construction tapes market in North America is being aided by the expanding commercial construction activity in the United States. The United States has been the most significant contributor to the growth of the building and construction tapes market in North America due to the presence of prominent players and rising business activity in the nation.
Key players in the market
Some of the key players profiled in the Building and Construction Tapes Market include 3M, DuPont, Nitto Denko Corp., Intertape Polymer Group, The Dow Chemical Company, Canadian Technical Tape Ltd, Berry Global Inc, Saint-Gobain, Ahlstrom Corporation, PPM INDUSTRIES S.P.A., Bostik, ECHOtape, Henkel AG Co. KGaA, MBK Tape Solutions and Tesa SE Group.
Key Developments:
In May 2022, 3M Company declared the launch of a 3M thin film bonding tape. It is a general-purpose tape with a coating of solventless acrylic adhesive on both sides. The tape is tear-resistant and is used in furniture attachments, metal fabrication, and plastic bonding.
In May 2022, Bostik launched the next generation of innovative adhesive solutions for woodworking. The new solutions are SG6518 and SG6520, developed under its Supergrip adhesive solutions line.
In May 2021, Intertape Polymer Group Inc. launched a new flame retardant polyethylene (PE) tape named PEFR. It is a heavy-duty tape suitable for institutional buildings, laboratories, healthcare facilities, shipyards & construction sites where flame retardant materials are needed to add a critical layer of fire protection security.
Product Types Covered:
• Masking Tapes
• Double Sided Tapes
• Duct Tapes
• Other Product Types
Functions Covered:
• Sound & Water Proofing
• Bonding
• Insulation
• Protection
• Glazing
• Cable Management
• Other Functions
Backing Materials Covered:
• Foam
• Polyvinyl Chloride
• Polyethylene
• Polyethylene Terephthalate
• Polypropylene
• Paper
• Foil
• Other Backing Materials
Distribution Channels Covered:
• Third-Party
• Direct
Applications Covered:
• Windows
• Flooring
• Roofing
• Walls & Ceiling
• Doors
• Plumbing
• Building Envelope
• HVAC
• Electrical
• Other Applications
End Users Covered:
• Industrial
• Residential
• Commercial
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Building and Construction Tapes Market, By Product Type
5.1 Introduction
5.2 Masking Tapes
5.3 Double Sided Tapes
5.4 Duct Tapes
5.5 Other Product Types
6 Global Building and Construction Tapes Market, By Function
6.1 Introduction
6.2 Sound & Water Proofing
6.3 Bonding
6.4 Insulation
6.5 Protection
6.6 Glazing
6.7 Cable Management
6.8 Other Functions
7 Global Building and Construction Tapes Market, By Backing Material
7.1 Introduction
7.2 Foam
7.3 Polyvinyl Chloride
7.4 Polyethylene
7.5 Polyethylene Terephthalate
7.6 Polypropylene
7.7 Paper
7.8 Foil
7.9 Other Backing Materials
8 Global Building and Construction Tapes Market, By Distribution Channels
8.1 Introduction
8.2 Third-Party
8.3 Direct
9 Global Building and Construction Tapes Market, By Application
9.1 Introduction
9.2 Windows
9.3 Flooring
9.4 Roofing
9.5 Walls & Ceiling
9.6 Doors
9.7 Plumbing
9.8 Building Envelope
9.9 HVAC
9.10 Electrical
9.11 Other Applications
10 Global Building and Construction Tapes Market, By End User
10.1 Introduction
10.2 Industrial
10.3 Residential
10.4 Commercial
10.5 Other End Users
11 Global Building and Construction Tapes Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 3M
13.2 DuPont
13.3 Nitto Denko Corp.
13.4 Intertape Polymer Group
13.5 The Dow Chemical Company
13.6 Canadian Technical Tape Ltd
13.7 Berry Global Inc
13.8 Saint-Gobain
13.9 Ahlstrom Corporation
13.10 PPM INDUSTRIES S.P.A.
13.11 Bostik
13.12 ECHOtape
13.13 Henkel AG Co. KGaA
13.14 MBK Tape Solutions
13.15 Tesa SE Group
List of Tables
1 Global Building and Construction Tapes Market Outlook, By Region (2020-2028) ($MN)
2 Global Building and Construction Tapes Market Outlook, By Product Type (2020-2028) ($MN)
3 Global Building and Construction Tapes Market Outlook, By Masking Tapes (2020-2028) ($MN)
4 Global Building and Construction Tapes Market Outlook, By Double Sided Tapes (2020-2028) ($MN)
5 Global Building and Construction Tapes Market Outlook, By Duct Tapes (2020-2028) ($MN)
6 Global Building and Construction Tapes Market Outlook, By Other Product Types (2020-2028) ($MN)
7 Global Building and Construction Tapes Market Outlook, By Function (2020-2028) ($MN)
8 Global Building and Construction Tapes Market Outlook, By Sound & Water Proofing (2020-2028) ($MN)
9 Global Building and Construction Tapes Market Outlook, By Bonding (2020-2028) ($MN)
10 Global Building and Construction Tapes Market Outlook, By Insulation (2020-2028) ($MN)
11 Global Building and Construction Tapes Market Outlook, By Protection (2020-2028) ($MN)
12 Global Building and Construction Tapes Market Outlook, By Glazing (2020-2028) ($MN)
13 Global Building and Construction Tapes Market Outlook, By Cable Management (2020-2028) ($MN)
14 Global Building and Construction Tapes Market Outlook, By Other Functions (2020-2028) ($MN)
15 Global Building and Construction Tapes Market Outlook, By Backing Material (2020-2028) ($MN)
16 Global Building and Construction Tapes Market Outlook, By Foam (2020-2028) ($MN)
17 Global Building and Construction Tapes Market Outlook, By Polyvinyl Chloride (2020-2028) ($MN)
18 Global Building and Construction Tapes Market Outlook, By Polyethylene (2020-2028) ($MN)
19 Global Building and Construction Tapes Market Outlook, By Polyethylene Terephthalate (2020-2028) ($MN)
20 Global Building and Construction Tapes Market Outlook, By Polypropylene (2020-2028) ($MN)
21 Global Building and Construction Tapes Market Outlook, By Paper (2020-2028) ($MN)
22 Global Building and Construction Tapes Market Outlook, By Foil (2020-2028) ($MN)
23 Global Building and Construction Tapes Market Outlook, By Other Backing Materials (2020-2028) ($MN)
24 Global Building and Construction Tapes Market Outlook, By Distribution Channels (2020-2028) ($MN)
25 Global Building and Construction Tapes Market Outlook, By Third-Party (2020-2028) ($MN)
26 Global Building and Construction Tapes Market Outlook, By Direct (2020-2028) ($MN)
27 Global Building and Construction Tapes Market Outlook, By Application (2020-2028) ($MN)
28 Global Building and Construction Tapes Market Outlook, By Windows (2020-2028) ($MN)
29 Global Building and Construction Tapes Market Outlook, By Flooring (2020-2028) ($MN)
30 Global Building and Construction Tapes Market Outlook, By Roofing (2020-2028) ($MN)
31 Global Building and Construction Tapes Market Outlook, By Walls & Ceiling (2020-2028) ($MN)
32 Global Building and Construction Tapes Market Outlook, By Doors (2020-2028) ($MN)
33 Global Building and Construction Tapes Market Outlook, By Plumbing (2020-2028) ($MN)
34 Global Building and Construction Tapes Market Outlook, By Building Envelope (2020-2028) ($MN)
35 Global Building and Construction Tapes Market Outlook, By HVAC (2020-2028) ($MN)
36 Global Building and Construction Tapes Market Outlook, By Electrical (2020-2028) ($MN)
37 Global Building and Construction Tapes Market Outlook, By Other Applications (2020-2028) ($MN)
38 Global Building and Construction Tapes Market Outlook, By End User (2020-2028) ($MN)
39 Global Building and Construction Tapes Market Outlook, By Industrial (2020-2028) ($MN)
40 Global Building and Construction Tapes Market Outlook, By Residential (2020-2028) ($MN)
41 Global Building and Construction Tapes Market Outlook, By Commercial (2020-2028) ($MN)
42 Global Building and Construction Tapes Market Outlook, By Other End Users (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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