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 O

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

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
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
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