Global Construction Tape Market Size To Worth USD 4.3 Billion By 2033 | CAGR Of 4.69%

Global Construction Tape Market Size To Worth USD 4.3 Billion By 2033

According to a research report published by Spherical Insights & Consulting, The Global Construction Tape Market Size is Expected to Grow from USD 2.72 Billion in 2023 to USD 4.3 Billion by 2033, at a CAGR of 4.69% during the forecast period 2023-2033.

Browse key industry insights spread across 240 pages with 110 Market data tables and figures & charts from the report on the "Global Construction Tape Market Size, Share, and COVID-19 Impact Analysis, By Product (Double-Sided Tapes, Masking Tapes, Duct Tapes, and Other Tapes), By Application (Flooring, Walls & Ceiling, Windows, Doors, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/construction-tape-market

Construction tape is a type of adhesive tape used for a variety of purposes in construction. Construction tape can be used to keep water out of assemblies, such as by sealing the seams of a water-resistive barrier (WRB). It can also be used to protect window and door sills and to seal penetrations through walls. Rapid urbanization, population growth, economic development, and increase in construction activities are significantly impacting the global construction tape market. Demand for housing and infrastructure is rising, as an increasing number of people are shifting to urban areas. Green building practices require the usage of materials that are environmentally friendly and energy efficient. This includes the usage of specialized tapes for insulation and sealing. These environmentally friendly tapes help improve energy efficiency by reducing the amount of air leakage and improving insulation in buildings. The construction sector is increasingly focusing on fire safety. However, PVC, PP, acrylic, SBR, plastics, and paper are the key raw materials used to manufacture tapes for various applications. Since crude oil is the source of these raw materials, changes in oil prices will probably affect raw material prices, which will then affect the total cost of the tape. Synthetic rubber is one of the primary raw materials for manufacturing adhesives. However, the prices of styrene-butadiene rubber (SBR) fluctuate owing to variations in crude oil prices, which are anticipated to affect the profitability of construction tape manufacturers.

The masking tapes segment is predicted to hold the largest market share through the forecast period.

Based on the type, the construction tape market is classified into sided tapes, masking tapes, duct tapes, and other tapes. Among these, the masking tapes segment is predicted to hold the largest market share through the forecast period. This is due to the purpose of masking tape is to safeguard surfaces from overspray, leaks, and other types of damage. The affordability and dependability of masking tape make it especially attractive for industrial applications. The primary expense associated with masking tape is the adhesive, with silicone-based options being among the more costly. However, these costs are still significantly lower compared to other protective measures. Masking tape is engineered to meet a wide range of needs, from withstanding high temperatures in stove enamel applications to protecting moldings during painting. Its adaptability has led to its use extending beyond home painting to industrial settings, including automobile production lines.

The walls & ceiling segment is anticipated to hold the highest market share during the projected timeframe.

Based on the application, the construction tape market is divided into flooring, walls & ceilings, windows, doors, and others. Among these, the walls & ceiling segment is anticipated to hold the highest market share during the projected timeframe. Construction tapes offer quality covering between the plaster borders on walls and ceilings. Various types of tape can be used to cover walls and ceilings. Fiberglass drywall tape is among the options available. Both professionals and individuals who prefer to do things themselves can gain advantages from the robustness and long-lasting nature of fiberglass drywall tape. Fiberglass tape has gained widespread acceptance in the industry as a preferred choice for drywall repair, owing to its exceptional strength and capacity to effectively seal cracks and other imperfections on the surface.

Asia Pacific is estimated to hold the largest share of the construction tape market over the forecast period.

Asia Pacific is estimated to hold the largest share of the construction tape market over the forecast period. Rapid urbanization, extensive infrastructure development projects, and proactive government initiatives are driving the construction tape market in the Asia Pacific region. This surge in construction activity is generating a high demand for construction materials, including construction tapes. These tapes offer a cost-effective and time-saving alternative to traditional mechanical fasteners, aligning well with the priorities of builders in the APAC region who are focused on optimizing project timelines and budgets. Technological advancements in the region are further enhancing the appeal of construction adhesive tapes. Manufacturers are actively developing new and improved tapes that boast features such as enhanced durability, heat resistance, and suitability for diverse weather conditions.

North America is expected to grow the fastest during the forecast period. This is due to the well-established construction industry, with its ongoing residential and non-residential projects, which drive a consistent demand for various construction materials, including construction tapes. This sector’s emphasis on speed and efficiency further fuels the adoption of adhesive tapes, as they offer significant advantages over traditional mechanical fasteners. The faster application process of construction adhesive tapes enhances workflow efficiency and helps meet the industry’s focus on quicker project completion times. Technological advancements by North American manufacturers are continually pushing the boundaries of construction tape performance.

Major key players in the construction tape market include L&L Products Inc., tesa SE, DuPont, 3M Company, PPG Industries, American Biltrite Inc., Adchem Corporation, Avey Dennison Corporation, Saint Gobain, Berry Plastics, Lintec, Jonson Tapes Limited, Scapa, Shurtape Technologies LLC, Henkel AG, and Others.

Recent Developments

• In August 2024, DuPont added two new accessories to its commercial construction portfolio: DuraGard™ WD Self-Adhered Flashing Tape and LiquidArmor™ FJ Flashing and Joint Compound. Both products are designed to help provide air and water barrier continuity and integrate seamlessly with the DuPont™ ArmorWall™ System, a high-performance 5-in-1 exterior wall assembly.

• In January 2024, Sustainable materials company Bioaqualife launched a shrink wrap tape to provide the performance of traditional marine grade shrink wrap tapes while safely biodegrading in natural environments.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the construction tape market based on the below-mentioned segments:

Global Construction Tape Market, By Product

• Double-Sided Tapes
• Masking Tapes
• Duct Tapes
• Other Tapes

Global Construction Tape Market, By Application

• Flooring
• Walls & Ceiling
• Windows
• Doors
• Others

Global Construction Tape Market, By Regional Analysis

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

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

CONTACT US:

For More Information on Your Target Market, Please Contact Us Below:    

Phone: +1 303 800 4326 (the U.S.)

Phone: +91 90289 24100 (APAC)

Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com

Contact Us: https://www.sphericalinsights.com/contact-us

Follow Us: LinkedIn | Facebook | Twitter