Global Building And Construction Tapes Market Share Analysis 2024, Forecast To 2033
8 Mar, 2024
The building and construction tapes market (4) has demonstrated steady growth, increasing from $4.48 billion in 2023 to $4.69 billion in 2024, with a CAGR of 4.7%. This growth is attributed to the expansion of the construction industry, emphasis on energy efficiency, and demand for sustainable building materials. Future growth is projected, with the market expected to reach $5.72 billion by 2028, growing at a CAGR of 5.1%. Factors such as green building initiatives, infrastructure development projects, and the rising trend of prefabricated construction contribute to this growth. Significant trends include the introduction of double-sided tapes, focus on noise damping tapes, energy-efficient insulation tapes, customization of tape solutions, and the integration of digitalization in smart construction tapes.
Global Building And Construction Tapes Market Key Driver
The growing construction industry is expected to boost the growth of the building and construction tapes market. Building and construction tapes are essential for various construction applications, including repairs, surface protection, sealing, and insulation. The United States Census Bureau reported a 3.8% increase in construction spending in March 2023, indicating strong growth in the construction sector. Additionally, the UK's construction sector saw a record rise of 12.7% in 2021. Hence, the thriving construction industry is driving the growth of the building and construction tapes market.
Get A Free Sample Of The Global Building And Construction Tapes Market ReportGlobal Building And Construction Tapes Market Segments
The building and construction tapes market covered in this report is segmented –
1) Product:Double-Sided Tapes, Masking Tapes, Duct Tapes, Other Products
2) Backing Material:Polyvinyl Chloride (PVC), Polyethylene Terephthalate, Polypropylene, Foil, Polyethylene, Foam, Paper, Other Backing Materials
3) Function:Bonding, Protection, Insulation, Glazing, Sound Proofing, Cable Management
4) Application:Doors, Flooring, Roofing, Walls And Ceilings, Windows, Building Envelope, Plumbing, HVAC (Heating, Ventilation, And Air Conditioning), Electrical
5) End Use:Commercial, Residential, Industrial
By Geography: The countries covered in the building and construction tapes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the building and construction tapes market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the building and construction tapes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Building And Construction Tapes Industry Players
Saint-Gobain Group.; 3M Company; Henkel AG And Co. KGaA; Berry Global Inc.; DuPont de Nemours Inc.; Avery Dennison Corporation; Nitto Denko Corporation; Tesa SE; Ahlstrom Munksjo Oyj; Lohmann GmbH And Co. KG; Scapa Group PLC.; Intertape Polymer Group Inc.; FLEXcon Company Inc.; PPM Industries S.P.A.; Gaska Tape Inc.; Advance Tapes International Ltd.; Cantech Industries Inc.; Lamatek Inc.; MBK Tape Solutions; NADCO Tapes & Labels Inc.; Heskins Ltd.; PPI Adhesive Products (C.E.) s.r.o.; Shurtape Technologies LLC.; BowTape Co. Ltd.; Tape-Rite Co. Inc.
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Building And Construction Tapes Market Overview
Building and construction tape refers to a form of adhesive tape specifically designed for various applications in the construction industry and building projects. These tapes offer specific features and properties that cater to the needs of construction professionals and contractors. They are used for a wide range of purposes, including bonding, sealing, protecting, and marking in construction, renovation, and repair projects.