Building And Construction Tapes Market Research Report 2024-2033 | Size, Forecast, Analysis, Insights

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Building And Construction Tapes Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The building and construction tapes market size has grown steadily in recent years. It will grow from $4.48 billion in 2023 to $4.69 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to construction industry growth, increased emphasis on energy efficiency, repair and maintenance activities, waterproofing applications, demand for sustainable building materials..

The building and construction tapes market size is expected to see strong growth in the next few years. It will grow to $5.72 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to green building initiatives, infrastructure development projects, rising trend of prefabricated construction, growing awareness of air and water barrier systems, residential and commercial real estate demand.. Major trends in the forecast period include introduction of double-sided tapes, focus on noise damping tapes, introduction of energy-efficient insulation tapes, customization and tailored tape solutions, digitalization and smart construction tapes..

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Market Segmentation:
The building and construction tapes market covered in this report is segmented -

1) By Product: Double-Sided Tapes, Masking Tapes, Duct Tapes, Other Products
2) By Backing Material: Polyvinyl Chloride (PVC), Polyethylene Terephthalate, Polypropylene, Foil, Polyethylene, Foam, Paper, Other Backing Materials
3) By Function: Bonding, Protection, Insulation, Glazing, Sound Proofing, Cable Management
4) By Application: Doors, Flooring, Roofing, Walls And Ceilings, Windows, Building Envelope, Plumbing, HVAC (Heating, Ventilation, And Air Conditioning), Electrical
5) By End Use: Commercial, Residential, Industrial

Major Driver - Surge In Construction Industry Fuels Expansion Of The Building And Construction Tapes Market
The growing construction industry is expected to boost the growth of the building and construction tapes market going forward. The construction industry refers to the sector of the economy that encompasses activities related to the planning, design, construction, and maintenance of structures, buildings, infrastructure, and other physical projects. Building and construction tapes are commonly used in the construction industry for a variety of purposes, such as temporary repairs, surface protection, sealing and waterproofing, insulation, and securing and fastening. For instance, in May 2023, according to a report shared by the United States Census Bureau, a US-based government agency, construction spending increased from $1,768.2 billion in March 2022 to $1,834.7 billion in March 2023, a 3.8% increase in construction spending. Further, in February 2022, according to a report published by the Office for National Statistics, a UK-based government agency, the annual construction sector in the UK rose by a record 12.7% in 2021 compared to the previous year. Therefore, the growing construction industry is driving the growth of the building and construction tapes market.

Competitive Landscape:
Major companies operating in the building and construction tapes market report are 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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Top Trend - Building And Construction Tapes Market Driven By Product Advancements
Product innovation is the key trend gaining popularity in the building and construction tapes market. Major companies operating in the building and construction tapes market are developing innovative products to sustain their position in the market. For instance, in May 2021, Intertape Polymer Group Inc., a Canada-based packaging products and systems company, launched a flame-retardant polyethylene (PE) tape called PEFR. This innovative tape is designed for use in a variety of applications where flame-retardant materials are required to add a critical layer of fire protection. It is a heavy-duty tape that is suitable for use in hospitals, academic buildings, labs, shipyards, and construction sites where flame-retardant materials are necessary to add a vital layer of fire prevention security. Additionally, it is made of high-quality polyethylene that is strong, durable, and water-resistant and can be used in a variety of environmental conditions. It is repositionable during use without leaving a messy residue. It also increases fire safety and compliance with fire safety standards.

The Table Of Content For The Market Report Include:

1. Executive Summary
2. Building And Construction Tapes Market Characteristics
3. Building And Construction Tapes Market Trends And Strategies
4. Building And Construction Tapes Market - Macro Economic Scenario
5. Building And Construction Tapes Market Size And Growth
…..
27. Building And Construction Tapes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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