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Building and Construction Tapes Market To Reach USD 30.61 Billion By Year 2030

Building and Construction Tapes Market Size Was Valued at USD 4.53 Billion in 2022, and is Projected to Reach USD 7.06 Billion by 2030, Growing at a CAGR of 5.7% From 2023-2030.

29-01-2024
Swati Kalagate
Manufacturing and Construction
Pristine Intelligence

Market Overview:

Building and Construction Tapes Market Size Was Valued at USD 4.53 Billion in 2022, and is Projected to Reach USD 7.06 Billion by 2030, Growing at a CAGR of 5.7% From 2023-2030.

Building and construction tapes are used to offer extensive adhesion for various applications in an infrastructure. Building and construction tapes are made up of synthetic materials that bond two surfaces to support contraction. Apart from providing aesthetic appearance to both internal and external structures of the building, Building, and construction tapes have unmatched benefits, including easy and fast application on any surface and protection of walls and windows.  Moreover, the Building and construction tapes are used to remodel the building structure, insulate the building, paint, and hold or bundle wires. Buildings’ systems and components require proper protection from adverse weather conditions, external forces, pollution, cracks, excess sounds/vibrations, and multiple other factors that harm the well-being of the construction. Building and construction tapes address acoustic, sealing, waterproofing, and fireproofing obstacles/challenges. Building and construction tapes reduce the overall cost of materials required at the construction site. The rising trend and popularity of innovative and valuable residential and commercial buildings will fuel the demand for Building and construction tapes in the upcoming years.

Top Key Players Covered in The Building and Construction Tapes Market:

    • 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), and Other Major Players

Market Dynamics and Factors:           

The critical factor that is driving the market growth is the rising construction industry worldwide. Continuous improvements in the economic condition in developing nations such as China, Brazil, India, and others that lead to improving the standard of living also drive the market's growth. Moreover, the rise in industrialization, changing lifestyle trends, and housing and construction development contribute to global market growth. The increasing urban population in emerging economies and the substantial development rates for infrastructure propel the demand for building and construction tapes worldwide. Additionally, using new technologies in tapes that lead to significant performance aids market growth. Building and construction tapes can fight against harsh environments & high temperatures and can bond securely with several materials and substrates. Such tapes offer high performance and are thus gaining massive demand from the building and construction industry. Demand for these tapes worldwide for mounting, fixing, and sealing gaps in door panels or windows drives the global market growth. Many raw materials used in tape manufacturing are experiencing price fluctuation due to the emergence of the pandemic. Raw materials, such as polyvinyl chloride, polyethylene terephthalate, polypropylene, and polyethylene, are produced with the help of petroleum. However, the volatility in petroleum prices leads to an increase in the costs of raw materials, further affecting the building and construction tapes market growth.

The Building and Construction Tapes Market Report Highlight:

    • By Product type, the Double-sided tapes segment holds the largest market share. The growing utilization of double-sided tapes for bonding doors, panels, and mounting of glass elements is a crucial factor for the growth of this segment. Additionally, the ability of the product to replace alternatives such as adhesives, along with the rising aesthetic importance in the building and construction sector, leads to the segment's growth.
    • By Application, Flooring is the dominating segment and holds the largest market share. Flooring application highly utilizes tapes to mark hazards, generate aisles, offer appropriate directions, and divide the existing spaces. It holds a wide range of applications in industrial and manufacturing facilities for floor marking.
    • By Region, Asia Pacific holds the largest share of the global building and construction Tapes market. The rising infrastructural activities in India and China are observed to be the major drivers for the growth of the building and construction tapes market in Asia Pacific. China is one of the largest distributors of raw materials required in the tape manufacturing industry. Along with this, the availability of cost-effective o cheap raw materials and low-cost labor in various Asian countries are fueling the market’s growth.

Key Industry Development:

In August 2023, Avery Dennison Corporation announced a new line of high-performing adhesive tape for the building and construction industry. Cold Tough adhesive tape is designed for seaming and joining metal building assemblies that must operate efficiently in harsh environments. They are also utilized in the construction of roofs, external walls, ducting systems, doors and windows, overhead doors, gutters, and joists.

In December 2022, Shurtape Technologies, LLC announced the acquisition of Pro Tapes & Specialties, Inc., a tape producer, and converter serving a wide range of industries, including graphic arts, precision die-cutting and fabrication, contract and custom converting, retail, and general industrial. The acquisition was aimed at improving product quality and better customer service.

The Building and Construction Tapes Market Segmentation:

By Product Type

    • Double Sided Tapes
    • Masking Tapes
    • Duct Tapes

By Application  

    • Flooring
    • Walls & Ceiling
    • Windows
    • Doors
    • Roofing
    • Electrical

By Function

    • Bonding
    • Protection
    • Insulation
    • Glazing
    • Sound & Water Proofing
    • Cable Management

By End-Users

    • Commercial
    • Residential
    • Industrial

For this report, Introspective Market Research has segmented the Building and Construction Tapes Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)

 Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Eastern Europe
    • Russia
    • Bulgaria
    • The Czech Republic
    • Hungary
    • Poland
    • Romania
    • Rest of Eastern Europe
  • Western Europe
    • Germany
    • UK
    • France
    • Netherlands
    • Italy
    • Spain
    • Rest of Western Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Singapore
    • Australia
    • New-Zealand
    • Rest of APAC
  • Middle East & Africa
    • Turkey
    • Saudi Arabia
    • Qatar
    • UAE
    • Israel
    • South Africa
  • South America
    • Brazil
    • Argentina
    • Rest of SA
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