Building & Construction Tapes Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Building and Construction Tapes Market
The building and construction tapes market size was valued at USD 4.17 billion in 2022, and the market is now projected to grow from USD 4.32 billion in 2023 to USD 5.82 billion by 2030, exhibiting a CAGR of 4.4% during the forecast period of 2023-2030.
The COVID-19 pandemic brought on slowdown in production activities, adversely impacting marketplace growth due to imposed lockdowns and halted production approaches. Shortages in labor, uncooked substances, and fear of virus spread contributed to this downturn. Additionally, construction interest halts decreased demand for tapes, in addition hindering global market boom first of all. Despite these challenges, easing restrictions are predicted to gradually pressure marketplace recuperation inside the coming years.
Market augmentation is facilitated via speedy urbanization and the increasing construction industry globally, fueled by using financial boom in countries like China, Brazil, and India, elevating residing standards and spurring demand. Industrialization, evolving lifestyle possibilities, and robust infrastructure development in addition bolster market growth. Increasing urban populations in emerging economies power huge call for building and production tapes, even as the combination of new technologies improving tape overall performance acts as a catalyst for marketplace boom.
Market proliferation is aided by means of the increasing call for constructing and creation tapes, which serve diverse functions which includes bonding glass panels in business home windows, doors, and curtain walls. These tapes, enormously valued via glazing gadget producers and contract glazers, decorate productiveness, sustainability, and sturdiness at the same time as simplifying construction procedures. Widely used in vinyl, aluminum, and wood windows and doorways, these tapes cater to insulating, waterproofing, and glazing desires, reflecting a vast trend driven through key players' awareness on rapid development and innovation.
Comprehensive Analysis of Building and Construction Tapes Market
The building and construction tapes market growth is rising at an exponential rate due to its market segmentation. This marketplace enlargement successfully affords an in-depth local exam thinking about the dominant deliver and demand forces that effect the enterprise. These segmentations are methodically segregated by product type analysis, by application analysis, by function analysis, by end use analysis. By product type analysis include, double sided tapes, masking, duct, duct tapes, and others. By application analysis include, flooring, walls & ceiling, windows, doors, roofing, and others. By function analysis include, bonding, protection, insulation, glazing, sound & water proofing, and others. By end use analysis include, residential, commercial, and industrial.
The Europe region lead the building and construction tapes market share by benefitting a market size of USD 1.56 billion in 2022 due to significant initiatives by the government bodies to provide housing facilities.
The pinnacle players inside the market play a critical function in the enterprise assuring market growth and placing marketplace requirements. These players include, 3M (U.S.), Intertape Polymer Group (Canada), DuPont (U.S.), Saint-Gobain (France), Berry Global Inc. (U.S.), PPM Industries S.P.A. (Italy), The Dow Chemical Company (U.S.), Ahlstrom Corporation (Finland), Nitto Denko Corp. (Japan), Canadian Technical Tape Ltd. (Canada) these market players provide a level-playing competitive landscape.
In May 2022, 3M Company introduces tear-resistant, solventless acrylic adhesive-coated thin film bonding tape for furniture attachments, metal fabrication, and plastic bonding.
Segmentation Table
Attribute Details
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 4.4% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Product Type, Application, Function, End Use, and Region
Segmentation By Product Type
Double Sided Tapes
Masking Tapes
Duct Tapes
Others
By Application
Flooring
Walls & Ceiling
Windows
Doors
Roofing
Others
By Function
Bonding
Protection
Insulation
Glazing
Sound & Water Proofing
Others
By End Use
Residential
Commercial
Industrial
By Region
North America (By Type, Application, Function, End Use, and Country)
- U.S. (By Product Type)
- Canada (By Product Type)
Europe (By Type, Application, Function, End Use, and Country)
- Germany (By Product Type)
- U.K. (By Product Type)
- France (By Product Type)
- Spain (By Product Type)
- Italy (By Product Type)
- Russia (By Product Type)
- Rest of Europe (By Product Type)
Asia Pacific (By Type, Application, Function, End Use, and Country)
- China (By Product Type)
- India (By Product Type)
- Japan (By Product Type)
- Australia (By Product Type)
- Southeast Asia (By Product Type)
- Rest of Asia Pacific (By Product Type)
Latin America (By Type, Application, Function, End Use, and Country)
- Brazil (By Product Type)
- Mexico (By Product Type)
- Rest of Latin America (By Product Type)
Middle East & Africa (By Type, Application, Function, End Use, and Country)
- GCC (By Product Type)
- South Africa (By Product Type)
- Rest of Middle East & Africa (By Product Type)
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