Press release
Construction Tape Market- Economical and effective solution for construction applications | Top 10 Companies and Major Growth Factors
Construction Tapes are easy to use, have good weatherability and form long-lasting bonds with a variety of substrates, such as plastic, metal, fiber and others. Construction Tapes made from fiberglass are widely used on gypsum plasterboard joints and cracks before applying filler. Construction Tapes with filler reinforce cracks and joints. Overall, the global Construction Tape market is likely to register notable growth rate during the forecast period.
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Construction Tape Market: Dynamics
The flourishing growth of the construction industry across the globe and emergence of Construction Tapes as an economical and effective solution for various construction applications are two important factors expected to create a positive outlook for the global Construction Tape market during the forecast period. Increasing use of Construction Tapes for roof linings, plasterboard joints and other applications is likely to create significant demand for Construction Tapes during the forecast period.
Low tacking property of Construction Tapes has made it an ideal solution for indoor activities, such as renovation, furniture, doors, windows and decorative paintings. To meet the demand of customers for such a wide range of indoor painting jobs, Construction Tape manufacturers have developed a multifaceted assortment. These factors are likely to push the growth of the global Construction Tape market during the forecast period. The Barricade product type segment is expected to gain significant traction due to its increasing use in construction zones to inform people about ongoing construction and about the possible hazards within the demarcated area.
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Construction Tape Market: Key Trend
Various manufacturers of Construction Tapes are focusing on the development of tapes which can sustain high temperature ranges over longer durations and prove effective across high-performance applications
Top 10 in Construction Tape Market: Key Players
1. The Dow Chemical Company
2. 3M Company
4. Intertape Polymer Group Inc.
5. Nitto Denko Corp.
6. Ahlstrom Corporation
7. Saint-Gobain Performance Plastics Corporation
8. PPM INDUSTRIES S.P.A.
9. Canadian Technical Tape Ltd.
10. Berry Global Inc.
Construction Tape Market: Segmentation
On the basis of material type, the Construction Tape market is segmented into:
Plastic
Polyethylene (PE)
Polypropylene (PP)
Polyethylene Terephthalate (PET)
Polylactic Acid (PLA)
Polyamide (PA)
Paper
Aluminum Foil
Cotton Fabric
Others (Fiberglass, etc.)
On the basis of product type, the Construction Tape market is segmented into:
Masking Tape
Seaming Tape
Insulation Tape
Duct Tape
Barricade Tape
Others
On the basis of thickness, the Construction Tape market is segmented into:
Up to 2 mil
2 to 4 mil
4 to 6 mil
6 to 8 mil
8 mil & above
On the basis of application, the Construction Tape market is segmented into:
Roofing Lining
Exterior architectural panels
Building cladding
Panel stiffeners
Interior architectural panels
Others
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Construction Tape Market: Regional Outlook
Robust growth rate of the construction industry in the Asia Pacific excluding Japan (APEJ) region will lead to creation of lucrative opportunities for the growth of Construction Tape market during the forecast period. In APEJ, China is expected to remain dominant in terms of market share while India is expected to register maximum growth rate in the Construction Tape market during the forecast period. ASEAN countries are expected to record notable CAGR in the Construction Tape market throughout the forecast period.
North America and Western Europe are significant shareholder in the global Construction Tape market and are anticipated to expand at noteworthy CAGR during the forecast period. Significant growth of the construction industry in Latin America and Middle East & Africa region will lead to enormous growth opportunities in the Construction Tape market. Japan is expected to witness moderate growth rate in Construction Tape market throughout the forecast period.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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