Press release
Asia-Pacific Emerges as Key Growth Hub for Building and Construction Tapes Industry, the Market to Hit $8.16 Billion by 2029 - Arizton
Building And Construction Tapes Market Research Report by Arizton
To Know More, Click: [https://www.arizton.com/market-reports/building-and-construction-tapes-market]
Building and Construction Tapes Market Report Scope
Report Attributes
Details
Market Size (2029)
USD 8.16 Billion
Market Size (2023)
USD 5.88 Billion
CAGR (2023-2029)
5.61%
Historic Year
2019-2022
Base Year
2023
Forecast Year
2024-2029
Market Segmentation
Type, Material, Product, Function, End-user, Sales Channel, and Geography
Geographic Analysis
North America, Europe, APAC, Latin America, and Middle East & Africa
The global market for building & construction tapes is growing, driven mainly by the rise in renovation and remodeling projects. These projects, whether for homes or businesses, often need building tapes for various tasks. Tapes play a crucial role in ensuring the success and efficiency of these projects by offering solutions for tasks such as resealing, repairing surfaces, and enhancing insulation in existing structures. One key factor contributing to the demand for tapes in renovation and remodeling is the need for effective sealing and resealing of joints, windows, and doors. As structures age, the original seals and adhesives may deteriorate, leading to air leaks, water ingress, and decreased energy efficiency. Building & construction tapes are employed in these projects to provide durable and reliable sealing solutions. For example, tapes with weather-resistant properties are used to reseal windows and doors, preventing air and water infiltration and contributing to the overall energy efficiency of the renovated structure. Repair and restoration activities also drive the demand for tapes in renovation projects. Strong bonding tapes fix surfaces, repair wall cracks, or reinforce structures. The versatility of tapes allows them to be used on various surfaces and materials, providing an efficient and cost-effective solution for addressing wear and tear in existing structures.
One of the key growth drivers in the APAC building & construction tape market is the region's massive infrastructure development initiatives. Countries such as China, India, and Indonesia invest heavily in building transportation networks, including highways, railways, airports, and ports, supporting economic growth and connectivity. These infrastructure projects require a wide range of tapes for applications such as sealing, insulation, surface protection, and safety marking, driving significant demand for building & construction tapes.
The APAC building & construction tape market presents vast opportunities driven by infrastructure development, residential construction, commercial real estate, and industrial growth. Tapes support the region's economic development, urbanization, and sustainable construction efforts. With the continued focus on quality, efficiency, and innovation, the demand for tapes in the APAC region is expected to remain strong. It provides lucrative opportunities for manufacturers and suppliers to flourish in the years ahead.
The Offline Building & Construction Tape Market to Reach $6,518.60 Million by 2029
The offline sales channel segment remains a significant driver of demand for the global building & construction tape market, providing customers with convenient access to a wide range of products, personalized service, and opportunities for brand engagement. While e-commerce continues to grow in importance, offline channels play a vital role in serving the diverse needs of customers and driving overall market growth. Manufacturers and retailers must continue to invest in both online and offline channels to maximize their reach and meet customers' evolving demands in the building & construction industry.
Mergers & Acquisitions
Shurtape Technologies, a prominent manufacturer of pressure-sensitive tapes, has announced its acquisition of Syntac Coated Products, a specialist in designing and producing specialty adhesive-coated products. This fifth-generation family-owned global enterprise, established in 2001, provides tape solutions across a diverse range of industries, including packaging, building & construction, DIY, HVAC, industrial, maintenance, repair, and operations (MRO), arts and entertainment, and transportation sectors. Syntac specializes in creating high-performance industrial adhesive and tape products for automotive, medical, construction, graphic arts, sound control, and assembly applications.
The combined entities will offer an extensive product portfolio comprising cloth and duct, masking and paper, packaging, foil, film, double-coated, and transfer tapes by joining forces. Additionally, they will provide packaging dispensers and equipment for automated and manual case-sealing applications. This strategic partnership reinforces their commitment to delivering innovative tape solutions across various industries.
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Post-Purchase Benefit
* 1hr of free analyst discussion
* 10% off on customization
Key Company Profiles
* 3M
* IPG
* Nitto Denko
* Scapa
* Tesa Tapes
* Advance Tapes International
* Arkema
* AVERY DENNISON CORPORATION
* Berkshire Hathaway
* Berry Global Group
* Boyd
* Carolina Tape & Supply
* DULUX
* DuPont
* Echo Engineering & Production Supplies
* H.B. Fuller
* illbruck
* K+K Klebetechnik
* LINTEC
* Lohmann
* PPM Industries
* SABA
* Saint-Gobain
* Shurtape Technologies
* Sika
* Stanley Black & Decker
* Tenacious Tapes
* ubis
* USG
* XFasten
Market Segmentation
Type
* Adhesive
* Non-adhesive
Material
* Polyethylene
* Polypropylene
* Foam
* Metal Foil
* Other Material
Product
* Double Sided Tape
* Masking Tape
* Duct Tapes
* Other Tapes
Function
* Sealing
* Bonding
* Insulation
* Safety Marking
* Sound Proofing
* Other Functions
End-user
* Residential
* Commercial
* Industrial
Sales Channel
* Offline
* Online
Geography
* APAC
* China
* India
* Indonesia
* Japan
* South Korea
* Singapore
* Malaysia
* The Rest of APAC
* Europe
* Germany
* The UK
* France
* Italy
* Spain
* Russia
* The Rest of Europe
* North America
* The US
* Canada
* Latin America
* Brazil
* Mexico
* Argentina
* Rest of Latin America
* Middle East & Africa
* Saudi Arabia
* The UAE
* South Africa
* Turkey
* The Rest of Middle East & Africa
Key Questions Answered in the Report:
How big is the building and construction tapes market?
What is the growth rate of the global building and construction tapes market?
Which region dominates the global building and construction tapes market share?
What are the significant trends in the building and construction tapes market?
Who are the key players in the global building and construction tapes market?
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About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Media Contact
Company Name: Arizton Advisory & Intelligence
Contact Person: Jessica
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=asiapacific-emerges-as-key-growth-hub-for-building-and-construction-tapes-industry-the-market-to-hit-816-billion-by-2029-arizton]
Phone: +1-312-235-2040/+1 302 469 0707
Country: United States
Website: https://www.arizton.com/market-reports/building-and-construction-tapes-market
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