PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1477123
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1477123
Building and Construction Tapes Market size was valued at USD 4,910.93 Million in 2023, expanding at a CAGR of 6.12% from 2024 to 2032.
Building and construction tapes are adhesive tapes specifically created for a wide range of applications within the construction sector. These tapes are available in different types, each serving a unique purpose such as sealing, joining, marking, and protecting surfaces. Duct tape, for example, is a highly versatile tape recognized for its strong adhesive qualities and long-lasting durability. It is frequently utilized for temporary fixes, bundling materials, and various general construction activities. Additionally, Construction Sheathing tape is employed to seal the seams of building sheathing in order to enhance energy efficiency and deter moisture penetration.
Building and Construction Tapes Market- Market Dynamics
rising demand for lightweight building materials is expected to fuel Building and Construction Tapes market growth.
Building and construction tapes play a vital role in sealing joints, seams, and gaps in lightweight building materials to enhance their performance and durability. The demand for these tapes is increasing due to the growing emphasis on energy efficiency and sustainability in building codes and regulations. This is because they contribute to improving the thermal performance of structures. For instance, the construction materials industry consumes a significant amount of natural aggregates, ranging from 8 to 12 billion tons per year. Unfortunately, this sector also consumes the most energy and scarce natural resources, such as rocks, aggregates, and water, while emitting greenhouse gases. Despite these challenges, the continuous advancements in adhesive technology, substrate materials, and manufacturing processes create growth opportunities for the building and construction tape market. However, it is important to note that regulatory compliance and standards may impose restrictions on market growth.
Building and Construction Tapes Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.12% over the forecast period (2024-2032)
Based on product type segmentation, Double sided tapes was predicted to show maximum market share in the year 2023
Based on Backing Material segmentation, Polyvinyl Chloride (PVC) was the leading type in 2023
Based on Function segmentation, Bonding was the leading type in 2023
Based on Application segmentation, Flooring was the leading type in 2023
Based on end user segmentation, Residential was the leading type in 2023
On the basis of region, Europe was the leading revenue generator in 2023
The Global Building and Construction Tapes Market is segmented on the basis of Product Type, Backing Material, Function, Application, End User, and Region.
The market is segmented into three categories according to product type: Double Sided Tapes, Masking Tapes, Duct Tapes, and Other. Double Sided Tapes lead the market. These versatile adhesive products provide strong bonding capabilities, making them suitable for various applications in the building and construction industry.
The market is segmented into seven distinct categories according to the Backing Material used, namely Polyvinyl Chloride (PVC), Polyethylene Terephthalate, Polypropylene, Foil, Polyethylene, Foam, Paper, and Others. Among these categories, Polyvinyl Chloride (PVC) holds the largest market share. Numerous manufacturers and suppliers offer PVC tapes, ranging from major multinational corporations to regional and specialized producers.
The market is categorized into five distinct sections according to their respective functions: Bonding, Protection, Insulation, Glazing, Sound Proofing, and Cable Management. Among these categories, Bonding holds the largest share in the market. Bonding tapes provide several benefits compared to conventional bonding techniques like screws, nails, and liquid adhesives. These advantages include quicker installation, reduced labor expenses, improved visual appeal, and enhanced performance attributes.
The market is categorized into six sections according to their application: Flooring, Walls & Ceilings, Windows, Doors, Roofing, Plumbing, and HVAC. Among these categories, Flooring holds the highest market growth. The Flooring segment in the building and construction tapes market encompasses a wide range of adhesive products that are specifically created for the installation, repair, and maintenance of various flooring materials. These tapes play a vital role in ensuring the proper adhesion, stability, and durability of flooring systems in both residential and commercial construction projects.
The market is segmented into two categories according to End-User: Residential and Commercial. The Residential sector holds the majority share in the market. Within the building and construction tapes market, the residential segment pertains to the utilization of adhesive tapes in different applications for residential construction endeavors. These tapes play a crucial role in various tasks such as bonding, sealing, insulation, and protection.
Building and Construction Tapes Market- Geographical Insights
The market is geographically spread across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided based on the countries involved in business activities. Europe stands out as the dominant market, primarily driven by the increasing demand for construction materials like tapes in the rising building and construction industries. Europe's building and construction sector is robust, characterized by continuous infrastructure development, urbanization, renovation projects, and residential and commercial construction activities. This sector plays a vital role in the European economy, with over 3 million enterprises and a direct workforce of 18 million people. According to the European Builders Confederation, the construction sector contributes approximately 9% to the GDP of the EU. North America holds the second-largest market share, driven by the growing awareness and demand for eco-friendly products.
The Building and Construction Tapes Market is characterized by intense competition driven by a constant stream of product innovations aimed at creating tapes that offer superior performance, increased durability, and innovative features to meet the changing demands of customers. Companies are heavily investing in research and development to introduce new adhesive formulations, backing materials, and application technologies that provide competitive advantages in terms of strength, weather resistance, and user-friendliness. Firms are striving to capitalize on advancements in adhesive chemistry, manufacturing processes, and application techniques to gain a competitive edge. In order to remain competitive, companies are focusing on delivering value-added solutions and services, such as technical support, customization options, and post-sales assistance, to justify premium pricing and distinguish themselves from low-cost competitors.
Avery Dennison Performance Tapes introduces its range of interior surfaces solutions to the building and construction sector. Pressure-sensitive adhesive tapes, a reliable and established technology, offer an effective bonding solution for various applications in the kitchen, bathroom, and living areas.
GLOBAL Building and Construction Tapes MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Tesa SE
3M
L&L Products Inc.
PPG Industries, Inc.
American Biltrite Inc.
Avery Dennison Corporation
Saint-Gobain S.A.
Berry Global Group, Inc.
LINTEC Corporation
Jonson Tapes Ltd
Scapa
Shurtape Technologies, LLC
Henkel AG & Co., KGaA
Nitto Denko Corporation
Lohmann GmbH & Co. KG
Maxell Sliontec Ltd
DuPont
Bow Tape Co. Ltd.
Others