Construction Seam Tape Market Trends and Forecast
The future of the global construction seam tape market looks promising with opportunities in the residential, industrial, and commercial markets. The global construction seam tape market is expected to grow with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are increasing demand for waterproofing solutions in construction projects, growth in infrastructure development across emerging economies, and stringent regulatory requirements for energy-efficient building materials.
• Lucintel forecasts that double sided is expected to witness the highest growth over the forecast period.
• Within this market, residential is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Construction Seam Tape Market
• United States: Several leading construction adhesive companies have introduced advanced seam tapes to meet LEED certification requirements, aiming to reduce environmental impact. Government initiatives focus on promoting sustainable building materials in federal projects.
• China: Key manufacturers have expanded production capacities for seam tapes, targeting a 15% increase in market share by 2025. Government incentives support innovation in construction materials to meet growing infrastructure demands.
• Germany: Local adhesive firms have launched bio-based seam tapes to comply with EU regulations on reducing carbon footprint in construction. Government subsidies encourage adoption of eco-friendly materials in public infrastructure projects.
• India: Emerging companies are investing in R&D to develop cost-effective seam tapes for affordable housing projects under the governmentÄX%$%Xs "Housing for All" initiative. Regulatory reforms promote local manufacturing of construction materials to boost economic growth.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Construction Seam Tape Market by Segment
The study includes a forecast for the global construction seam tape market by type, application, and region.
Construction Seam Tape Market by Type [Value from 2018 to 2030]:
• Double Sided
• Masking
• Duct
• Others
Construction Seam Tape Market by Application [Value from 2018 to 2030]:
• Residential
• Industrial
• Commercial
Construction Seam Tape Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Construction Seam Tape Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies construction seam tape companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the construction seam tape companies profiled in this report include-
• L&L Products
• DuPont
• 3M Company
• PPG Industries
• American Biltrite
• Adchem Corporation
• Avery Dennison Corporation
Recent Development in the Construction Seam Tape Market
• Henkel AG & Co. KGaA: This leading adhesive company recently acquired Darex Packaging Technologies, a US-based manufacturer specializing in pressure-sensitive tapes. This move strengthens HenkelÄX%$%Xs position in the seam tape market, particularly for high-performance applications in construction.
• 3M Company: A major player in construction tapes, 3M has launched a new line of seam tapes featuring enhanced weatherproofing capabilities. This innovation caters to the growing demand for durable and reliable seam sealing solutions in demanding construction environments.
• Scapa Group Plc: Focusing on sustainability, Scapa, a UK-based manufacturer, announced its development of eco-friendly seam tapes made from recycled materials. This initiative caters to the growing demand for sustainable solutions in the construction industry and aligns with stricter environmental regulations.
• Nitto Denko Corporation: Nitto, a Japanese adhesive solutions provider, is expanding its production capacity for seam tapes in Southeast Asia. This strategic move positions them to tap into the rapidly growing construction market in the region.
• Shurtape Technologies, LLC: Shurtape, a US-based manufacturer, has partnered with a leading building material supplier to offer pre-applied seam tape solutions for specific construction applications. This collaboration streamlines the construction process and caters to the increasing demand for efficiency and ease of use.
Features of the Global Construction Seam Tape Market
Market Size Estimates: Construction seam tape market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Construction seam tape market size by type, application, and region in terms of value ($B).
Regional Analysis: Construction seam tape market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the construction seam tape market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the construction seam tape market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for construction seam tape market?
Answer: The global construction seam tape market is expected to grow with a CAGR of 5.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the construction seam tape market?
Answer: The major drivers for this market are increasing demand for waterproofing solutions in construction projects, growth in infrastructure development across emerging economies and stringent regulatory requirements for energy-efficient building materials.
Q3. What are the major segments for construction seam tape market?
Answer: The future of the construction seam tape market looks promising with opportunities in the residential, industrial, and commercial markets.
Q4. Who are the key construction seam tape market companies?
Answer: Some of the key construction seam tape companies are as follows:
• L&L Products
• DuPont
• 3M Company
• PPG Industries
• American Biltrite
• Adchem Corporation
• Avery Dennison Corporation
Q5. Which construction seam tape market segment will be the largest in future?
Answer: Lucintel forecasts that double sided is expected to witness the highest growth over the forecast period.
Q6. In construction seam tape market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the construction seam tape market by type (double sided, masking, duct, and others), application (residential, industrial, and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Construction Seam Tape Market, Construction Seam Tape Market Size, Construction Seam Tape Market Growth, Construction Seam Tape Market Analysis, Construction Seam Tape Market Report, Construction Seam Tape Market Share, Construction Seam Tape Market Trends, Construction Seam Tape Market Forecast, Construction Seam Tape Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.