CHICAGO, March 27, 2024 /PRNewswire/ -- According to Arizton's latest research report, the global building and construction tapes market is growing at a CAGR of 5.61% during the forecast period.
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Browse In-depth TOC on the Building and Construction Tapes Market
365 - Pages???????????
136 - Tables???????????
95 - Figures???
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 |
Market Dynamics |
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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.
The Building and Construction Tapes Market Report Encompasses Crucial Data, Including:
CAGR (Compound Annual Growth Rate) during the forecast period: This metric provides insights into the annual growth rate of the building and construction tapes market over the specified time frame.
Detailed information on growth drivers: The report offers in-depth information on the factors that will propel the building and construction tapes market growth from 2023 to 2029. This includes an analysis of various market influences.
Precise estimation of market size: Accurate assessments of the building and construction tapes market size and its contribution, focusing on key market segments.
Predictions about upcoming trends and changes in consumer behavior: The report offers insights into anticipated trends and shifts in consumer behavior that are likely to impact the building and construction tapes market, helping businesses prepare for future market dynamics.
Geographical market growth: The report covers the development of building and construction tapes market across different regions, including North America, Europe, APAC, Latin America, the Middle East, and Africa. This provides a comprehensive understanding of the market's global landscape.
Competitive landscape analysis: A thorough examination of the market's competitive landscape is presented, including detailed information about companies operating in the building and construction tapes market. This includes an overview of key players, their market share, strategies, and key developments.
Analysis of growth challenges: The report includes a comprehensive analysis of factors that may pose challenges to the growth of companies in the building and construction tapes market, providing a well-rounded view of the market dynamics.
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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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