The global building and construction tapes market size was reached at USD 3.9 billion in 2022 and it is expected to hit around USD 5.74 billion by 2032, poised to grow at a CAGR of 3.94% from 2023 to 2032. The rising infrastructural activities in developing countries are boosting the growth of the building and construction tapes market.
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Building and construction tapes are used to offer extensive adhesion for various applications in an infrastructure. Building and construction tapes are made up of synthetic materials that bond two surfaces to support contraction. Apart from providing aesthetic appearance to both internal and external structures of the building, Building and construction tapes have unmatched benefits, including easy and fast application on any surface and protection of walls and windows.
Moreover, the Building and construction tapes are used to remodel the building structure, insulate the building, paint, and hold or bundle wires. Buildings’ systems and components require proper protection from adverse weather conditions, external forces, pollution, cracks, excess sounds/vibrations and multiple other factors that harm the well-being of the construction.
Building and construction tapes address acoustic, sealing, waterproofing and fireproofing obstacles/challenges. Moreover, building and construction tapes reduce the overall cost of materials required at the construction site. The rising trend and popularity of innovative and valuable residential and commercial buildings will fuel the demand for Building and construction tapes in the upcoming years.
The global Building and construction tapes market is expected to witness a significant increase during the forecast period, with rising construction activities in developing countries across the globe. The rising demand for advanced solutions in wire harnessing in newly constructed buildings is another significant driver for the market’s growth. However, the increasing environmental concerns and fluctuating prices of raw materials are prone to hinder the development of the global Building and construction tapes market.
The building and construction tapes are observed as an excellent solution for the interior design of the building; the requirements for advanced door and window locking systems are expected to boost the demand for Building and construction tapes during the projected timeframe. Prominent companies involved in the automotive adhesive tape market are focused on developing more environmentally friendly yet efficient building construction tapes. This factor is considered to boost the market’s growth during the projected time.
Along with the rise in new construction, the demand for Building and construction tapes is increasing for retrofit or renovation applications. The growth of the global building and construction tapes market is attributed to the rising demand for tapes in wiring and other electrical applications.
The increasing demand for advanced plumbing solutions in the new construction of residential buildings is fueling the demand for building construction tapes. Factors such as product expansion, partnerships, innovations in tapes, improving adhesion quality and opportunities in well-established countries are propelling the growth of the building and construction tapes market.
| Report Coverage | Details |
| Market Size in 2023 | USD 4.05 Billion |
| Market Size by 2032 | USD 5.74 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 3.94% |
| Largest Market | Asia Pacific |
| Fastest Growing Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Product, By Backing Material, By Application, By Function and By End-Use |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Driver:
Rising construction activities in developing countries
The rising industrialization and commercialization in developing countries located in Africa, Latin America and Asia are fueling the demand for construction activities. The construction industry plays a vital role in the emerging economies of such countries.
Developing countries require adequate building structures for businesses, housing, and other purposes. Considering India is one of the most prominent developing nations, revolutionary schemes such as the smart city mission, which has targeted 100 cities in the country is, projected to improve the infrastructure with advancements and modernization.
Improvements in the construction of buildings require innovative solutions; building and construction tapes can offer advanced insulation and protection solutions. Thus, the rise in construction activities is observed to boost the growth of the building and construction tapes market.
Restraint:
Weather limitations associated with the building and construction tapes
Despite offering unmatched advantages to the building structure, few adverse weather conditions can affect the adhesion and overall productivity of building construction tapes. Excess heat can completely change the adhesive performance of building construction tapes; high-temperature conditions melt the adhesion. In contrast, shallow temperature conditions fail the application of tapes. Moreover, certain building and construction tapes are sensitive to UV rays.
Along with this, tapes with no water-resistant properties cannot perform well in the rainy season. Excess humidity and even dryness in the weather are prone to affect the adhesion of tapes. Thus, such weather limitations hamper the market’s growth by creating an obstacle. However, the market players are focused on developing tapes that can withstand extreme weather conditions to combat such obstacles.
Opportunity:
Production of eco-friendly tapes
Building and construction tapes are non-biodegradable. Also, the production of such tapes releases volatile organic compounds. Overall, building and construction tapes can be harmful to the environment. The rising environmental concerns have forced market players to develop green or eco-friendly tapes that can combat severe environmental issues, this is also observed to offer lucrative opportunities to manufacturers.
Multiple companies involved in the global building and construction tapes market have already shifted their focus to the production of eco-friendly tapes in order to contribute to the environment. For instance, in July 2022, a globally leading manufacturer of tapes, nitto denko corporation, announced a new scheme for recognizing environmentally friendly products.
Nitto Denko Corporation has announced identifying its products by assigning PlanetFlags and HumanFlags. This step by the company highlights its social contribution. Low VOC- double-sided adhesive tape launched by Nitto Denko Corporation in 2021 has been recognized under the PlanetFlags category.
Covid-19 Impacts:
The Covid-19 pandemic has adversely affected every industry across the globe. Similarly, the pandemic has shown multiple adverse effects on the global building and construction tapes market. The development of the building and construction tapes market is co-related with the growth of the construction industry.
The sudden outbreak of coronavirus put a prolonged halt on construction activities which resulted in declined demand for building and construction tapes across the globe. The lockdown during the Covid-19 pandemic paused new product launches, partnerships, acquisitions and other business activities in the global building and construction tapes market.
Lack of workforce and shortage of raw materials resulted in delayed or denied production of building and construction tapes worldwide. However, the global building and construction tapes market is expected to recover at a pace during the forecast period with rising construction activities.
The double-sided Building and Construction Tapes segment is expected to dominate the market during the forecast period. Double-sided building and construction tapes hold unmatched properties such as vibration dampening, shock absorption and compensation of uneven surfaces. Considering these advantages, the demand for double-sided building and construction tapes has increased tremendously in recent years.
The masking tape segment is anticipated to show a noticeable growth during the analyzed period owing to the rising adoption of masking tapes for temporary protection. Masking tapes are widely used during painting work, and masking tapes are considered ideal for holding the initial grip for newly fitted components in the building structure.
Duct tape is considered to remain an attractive segment of the global Building and Construction Tapes market. Duct tapes are widely used in HVAC applications. Duct tapes provide an excellent bond with metals, copper, ceramic and concrete. Duct tapes are single-sided tapes used to generate thermal comfort.
The polyvinyl chloride (PVC) segment is expected to boost at a significant rate during the forecast period. Polyvinyl chloride (PVC), being an excellent thermoplastic material, offers proper mechanical properties. This material is water and flame resistant and hence, used as a backing material for interior and exterior applications in the building construction industry.
At the same time, the foil segment is projected to witness a significant increase during the forecast period. Aluminum or copper foil tapes are utilized in the construction industry to protect critical electrical compounds present in the building structure. Foil Building and construction tapes offer excellent frame-retardant properties, and aluminum and copper materials' excellent malleability and flexibility make them an ideal component for foil tapes.
The application segment of the global building and construction tapes market is competitive. By application, the market is segmented into flooring, walls & ceilings, windows, doors, roofing, plumbing and HVAC.
The wall and ceilings segment dominates the global market with the highest revenue share. Building and construction tapes offer quality covering between the plaster borders on walls and ceilings. The rising demand for temporary repair of ceiling joints is boosting the growth of the wall and ceilings segment.
The growth of the window segment is attributed to the rising requirement for flexible tapes to cover corners and angles of windows to limit the penetration of wind and water. Building and construction tapes provide permanent and reliable fixing of glass panels. At the same time, the door segment is growing owing to the recent advancements in adhesive tapes for the installation of doors. Building and construction tapes offer fast and easy fixation of minor components of windows and doors.
The protection segment holds the largest share of the global Building and Construction Tapes market. Components of buildings are vulnerable to corrosion due to adverse weather conditions, and building and construction tapes protect windows, doors and other surfaces from the potential danger of corrosion. The enormous demand for tapes to offer a waterproof, permanent and airtight seal to the building structure has supplemented the growth of the protection segment.
The glazing segment is expected to significantly increase during the projected timeframe owing to the rising demand for glazing windows from the commercial segment. Building and construction tapes used for glazing purposes typically create an inside seal to prevent water and wind penetration. Sensitive acrylic foam tapes are utilized for glazing functions in buildings.
The insulation segment is growing at a pace due to significant demand for aluminum foil Building and construction tapes that can control the energy loss and gain in order to offer thermal insulation to the building structure.
The residential segment dominates the market, and the segment is expected to grow at a CAGR of 5.5% during the analyzed period. In recent years, the construction industry has witnessed a significant requirement for aesthetic interiors of residential buildings; this has highlighted the function of building and construction tapes in the residential segment. Moreover, the growth of the residential segment is attributed to the rising demand for building and construction tapes for both permanent and temporary repair at residential structures.
At the same time, the commercial segment is expected to witness a significant increase. Developing countries are expected to boost the growth of the commercial segment due to the rising construction of commercial structures, including institutions, theatres, and malls.
Asia Pacific holds the largest share of the global building and construction Tapes market. The rising infrastructural activities in India and China are observed to be the major drivers for the growth of the building and construction tapes market in Asia Pacific. China is one of the largest distributors of raw materials required in the tape manufacturing industry. Along with this, the availability of cost-effective o cheap raw materials and low-cost labor in various Asian countries are fueling the market’s growth. The rising number of commercial, institutional, residential and energy & utilities construction in Japan is anticipated to grow the demand for building construction tapes.
North America is expected to grow at a significant rate during the forecast period. The rising commercial construction activities in the United States are supplementing the growth of the building and construction tapes market in North America. The presence of significant players and increased business activities in the country have made the United States the most important contributor to the growth of the building and construction tapes market in North America.
The rising government's initiatives for transforming cities and housing in Latin America are offering a plethora of opportunities to the construction industry under the Latin America and Caribbean's development model; this is projected to boost the demand for smart construction solutions, which highlights the growth of Building and construction tapes market in Latin America. Moreover, the expansion of construction activities with rising redevelopment projects in Gulf countries is expected to boost the market’s development in the Middle East.
Segments Covered in the Report:
By Product
By Backing Material
By Application
By Function
By End-Use
By Geography
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