North America Carpet tape Market Size, Share, and COVID-19 Impact Analysis, By Adhesive Type (Rubber-based Carpet Tape and Acrylic-based Carpet Tape), By End-Users (Residential and Commercial), By Application (Carpet Installation, Rug Binding, Temporary Floor Covering, and Others), and North America Carpet Tape Market Insights, Industry Trend, Forecasts to 2033

Industry: Advanced Materials

RELEASE DATE May 2024
REPORT ID SI4375
PAGES 200
REPORT FORMAT PathSoft

North America Carpet Tape Market Insights Forecasts to 2033

  • The Market is Growing at a CAGR of 4.4% from 2023 to 2033
  • The North America Carpet Tape Market Size is Expected to Hold a Significant Share by 2033

North America Carpet Tape Market

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The North America Carpet Tape Market is Anticipated to Hold a Significant Share by 2033, growing at a CAGR of 4.4% from 2023 to 2033. The growing furniture industry, carpet demand, westernized lifestyle, popularity of DIY home renovation projects, and awareness about the advantages of adhesive materials are driving the growth of the carpet tape market in North America.     

 

Market Overview

Carpet tape is a versatile adhesive product widely used in various applications and primarily for securing carpets and rugs in place. Carpet tapes, known as carpet seam tapes, are double-sided adhesive tapes specifically designed for affixing carpets and rugs to surfaces such as floors, stairs, or walls, offering a secure bond while remaining easy to install and remove. It provides a reliable and convenient solution for keeping carpets flat and preventing slips and trips. It is a vital accessory for residential and commercial settings, securing carpets and enhancing safety and comfort. Double-sided cloth tape, foam-backed carpet tape, heavy-duty carpet tape, low-profile carpet tape, and rug gripper tape are the various textures of carpet tape. Several Carpet tape provides an easier and faster way to install carpets either permanently or temporarily. Double-sided carpet tape is a popular choice for securing carpets to various surfaces, especially for indoor use in homes, offices, and commercial spaces. The paper-based carpet tapes are used for temporary applications or smoother surfaces and have applications across various industries. The plastic-backed tapes are moisture-resistant and ideal for outdoor and damp environments. Heavy-duty carpet tape is suitable for areas with frequent foot traffic like commercial spaces and hallways providing a secure bond for heavy carpets. For temporary applications and easy residue-free removal of carpet use removable carpet tapes.

 

Report Coverage

This research report categorizes the market for the North America carpet tape market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the carpet tape market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the North America carpet tape market.

 

North America Carpet Tape Market Report Coverage

Report CoverageDetails
Base Year:2023
Forecast Period:2023-2033
Forecast Period CAGR 2023-2033 :4.4%
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Adhesive Type, By End-Users, By Application and COVID-19 Impact Analysis.
Companies covered::Company 1, Company 2, Company 3 and other key vendors.
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

The increased furniture industry in North America owing to the recent trend of modular furniture to decorate residential apartments in urban cities driving the market demand for carpet tape in the region. Thus, the increased urbanization with the increasing westernized attitudes and lifestyle in the region is responsible for driving the market. Further, the increased popularity of DIY home renovation projects is anticipated to drive demand for carpet and tile renovation ultimately leading to propelling the market demand for carpet tapes. The rising awareness about sustainable adhesive products helps in reducing carbon footprints enhancing the demand for carpet tapes.   

 

Restraining Factors

The strict government regulations toward the use of carpet tape are restraining the market growth for carpet tape. Further, changing consumer preferences, supply chain disruption, geopolitical instability, and fluctuations in prices are the other factors impeding the North America carpet tape market.

 

Market Segmentation

The North America Carpet Tape Market share is classified into adhesive type, end-users, and application.

 

  • The acrylic-based carpet tape segment is expected to hold the largest share of the North America carpet tape market during the forecast period.       

Based on the adhesive type, the North America carpet tape market is divided into rubber-based carpet tape and acrylic-based carpet tape. Among these, the acrylic-based carpet tape segment is expected to hold the largest share of the North America carpet tape market during the forecast period. Acrylic adhesives are the optimum choice over rubber-based owing to their greater resistance to chemicals, UV, moisture, and temperature changes.     

  

  • The commercial segment is expected to hold a significant share of the North America carpet tape market during the forecast period.   

The North America carpet tape market is segmented by end-users into residential and commercial. Among these, the commercial segment is expected to hold a significant share of the North America carpet tape market during the forecast period. Carpet tapes are designed to provide strong adhesion between carpet and floor and are ideal for securing carpets in high-traffic areas. It has application to affix panels, signage, mirrors, and other construction elements, allowing for quick installation and creative versatility.    

 

  • The rug binding segment is anticipated to grow at the fastest CAGR through the forecast period.

The North America carpet tape market is segmented by application into carpet installation, rug binding, temporary floor covering, and others. Among these, the rug binding segment is anticipated to grow at the fastest CAGR through the forecast period. The rug binding is typically the easiest and least expensive method of finishing a carpet edge fixing the worn and frayed edges of carpeting. A wide range of colors and materials can be used for rug binding.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North America carpet tape market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Company 1
  • Company 2
  • Company 3

 

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 North America, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the North America Carpet Tape Market based on the below-mentioned segments:

 

North America Carpet Tape Market, By Adhesive Type

  • Rubber-based Carpet Tape
  • Acrylic-based Carpet Tape

 

North America Carpet Tape Market, By End-Users

  • Residential
  • Commercial

 

North America Carpet Tape Market, By Application

  • Carpet Installation
  • Rug Binding
  • Temporary Floor Covering
  • Others

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