Global Construction Adhesive Tapes Market Analysis 2022
The Global Construction Adhesive Tapes Market is expected to reach $3.75 billion by 2028 growing at a CAGR of 6.6% from 2021 to 2028. Construction adhesives are a type of adhesive that is used in construction projects. These types of adhesives can be either permanent or temporary and play an important role in the strength, durability, and longevity of any given project.
Factors such as high investments in the construction industry, the ever-increasing need for high performance across all modern applications, and rising demand for residential housing are driving the growth of the market. However, changing regulations and industry standards are restraining the growth of the market.
Based on application, the flooring segment is going to have a lucrative growth during the forecast period as the adhesive tapes are used for protecting delicate surfaces & products, lane marking, and repairing purposes. These adhesives are used in the flooring application adhesive tapes, because of their high abrasion and temperature resistance, and smooth surface finish.
The key vendors mentioned are Nitto Denko Corporation, 3M, Tesa SE, Sika AG, Scapa Group Ltd, Nichiban Co., Ltd., Intertape Polymer Group and Beery Global Inc.
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