Construction Tape Market Trends and Forecast
The future of the global construction tape market looks promising with opportunities in the residential, industrial, and commercial markets. The global construction tape market is expected to reach an estimated $4.2 billion by 2030 with a CAGR of 4.0% from 2024 to 2030. The major drivers for this market are increasing demand for high-performance adhesive tapes in construction for the sealing, bonding, and protection applications, growth in renovation and remodeling activities, and on-going advancements in tape technology.
• 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 Tape Market
• United States – 3M launched new construction tapes with enhanced weather resistance, targeting infrastructure projects, supported by federal initiatives promoting durable building materials.
• China – Nitto Denko expanded production of high-performance tapes for construction, aiming to meet rising demand in urban development projects, aligned with government policies promoting quality construction materials.
• Germany – Tesa SE introduced eco-friendly construction tapes to meet sustainability goals in building renovations, supported by government incentives for green building practices.
• Brazil – Adere developed innovative tapes for the construction sector, focusing on durability and cost-effectiveness in the residential and commercial building projects, aligned with local construction regulations.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Construction Tape Market by Segment
The study includes a forecast for the global construction tape market by type, application, and region.
Construction Tape Market by Type [Value from 2018 to 2030]:
• Double Sided
• Masking
• Duct
• Others
Construction Tape Market by Application [Value from 2018 to 2030]:
• Residential
• Industrial
• Commercial
Construction Tape Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Construction 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 tape companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the construction tape companies profiled in this report include-
• Tesa SE
• Dupont
• 3M Company
• PPG Industries
• American Biltrite
• Adchem Corporation
• Avery Dennison Corporation
Recent Development in the Construction Tape Market
• Saint-Gobain: Launching advanced construction tapes with improved adhesion and moisture resistance for enhanced sealing and insulation in the building applications.
• Henkel: Introducing sustainable construction tape solutions made from recycled materials, aligning with corporate sustainability goals and customer demand for eco-friendly products.
• Avery Dennison: Developing innovative tapes for modular construction systems, aiming to optimize assembly processes and improve efficiency in building construction.
• Shurtape Technologies: Expanding its portfolio with specialized tapes for the HVAC duct sealing and industrial insulation, focusing on durability and performance in construction projects.
Features of the Global Construction Tape Market
Market Size Estimates: Construction 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 tape market size by type, application, and region in terms of value ($B).
Regional Analysis: Construction 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 tape market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the construction tape market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the construction tape market size?
Answer: The global construction tape market is expected to reach an estimated $4.2 billion by 2030.
Q2. What is the growth forecast for construction tape market?
Answer: The global construction tape market is expected to grow with a CAGR of 4.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the construction tape market?
Answer: The major drivers for this market are increasing demand for high-performance adhesive tapes in construction for the sealing, bonding, and protection applications, growth in renovation and remodeling activities, and on-going advancements in tape technology.
Q4. What are the major segments for construction tape market?
Answer: The future of the construction tape market looks promising with opportunities in the residential, industrial, and commercial markets.
Q5. Who are the key construction tape market companies?
Answer: Some of the key construction tape companies are as follows:
• Tesa SE
• Dupont
• 3M Company
• PPG Industries
• American Biltrite
• Adchem Corporation
• Avery Dennison Corporation
Q6. Which construction 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.
Q7. In construction 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.
Q8. 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 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 Tape Market, Construction Tape Market Size, Construction Tape Market Growth, Construction Tape Market Analysis, Construction Tape Market Report, Construction Tape Market Share, Construction Tape Market Trends, Construction Tape Market Forecast, Construction Tape Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.