Market Research Future (MRFR) has published on the “Global Building & Construction Adhesive Tapes Market”.
The global building & construction adhesive tapes market is estimated to register a CAGR of 5.2% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Building & Construction Adhesive Tapes market— 3M, Tesa SE, Avery Dennison Corporation, Saint-Gobain, Henkel AG & Co. KGaA, DuPont, Shurtape Technologies, LLC, L & L Products Inc., PPG Industries, Inc. American Biltrite Inc.
Building Construction Adhesive Tapes Market Highlights
The global Building & Construction Adhesive Tapes market is estimated to register a CAGR of 5.2% during the forecast period and is estimated to reach USD 4,968.62 Million by 2032.
Bioplastic-based and paper-based tapes are emerging as innovative alternatives to conventional plastic tapes, which are derived from fossil fuels and cause environmental pollution. Bioplastic-based tapes are made from renewable and biodegradable materials such as starch, cellulose, polylactic acid, and polyhydroxyalkanoates. These materials have lower carbon footprint, energy consumption, and greenhouse gas emissions than petroleum-based plastics. They also offer superior mechanical and thermal properties, such as tensile strength, flexibility, and heat resistance.
Paper-based tapes are also biodegradable and recyclable and can be coated with natural or synthetic adhesives to enhance their performance and functionality. These tapes are suitable for various applications in the building and construction industry, such as bonding, mounting, masking, and protection. They can also be used for aesthetic purposes, as they are available in different colors, patterns, and textures. The demand for bioplastic-based and paper-based tapes is expected to grow in the future, as consumers and manufacturers become more aware of the environmental and economic benefits of these products. For instance, in April 2023, Tesa launched innovative packaging tape. The new Tesa 60408 includes a robust, responsibly sourced paper backing and a natural rubber adhesive, with a 100% bio-based resin.
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Segment Analysis
The global Building & Construction Adhesive Tapes market has been segmented based on filter product type, backing material, application, function, distribution channel, and end use industry.
Based on product type, the global building & construction adhesive tapes market has been segmented into Double-Sided Tapes, Masking Tapes, Duct Tapes, and Other Tapes. In terms of value, the double-sided tapes segment dominated the global market with 34.91% share in 2022 and is expected to register a CAGR of 5.49% by 2032.
The global building & construction adhesive tapes market, according to backing material, has been segmented into Polyvinyl Chloride, Polyethylene Terephthalate, Polypropylene, Polyethylene, Foil, Paper, Foam, and Others. The Polyvinyl Chloride segment dominated the global market with largest market revenue share 27.78% in 2022 and is expected to grow at a CAGR of 5.42% during the forecast period, 2023 to 2032.
Based on application, the global building & construction adhesive tapes market is segmented into Flooring, Walls & Ceiling, Windows, Doors, Roofing, Building Envelope, Electrical, HVAC, and Plumbing. The Walls & Ceiling segment held the highest market revenue share of 17.7% in 2022 in the global market.
Based on function, the global building & construction adhesive tapes market is segmented into Bonding, Protection, Insulation, Glazing, Sound Proofing, and Cable Management. The bonding segment held the highest market revenue share in the building & construction adhesive tapes market. This segment is expected to register the highest CAGR of 31.7% in the year 2022 in the global market.
On the basis of distribution channel, the global building & construction adhesive tapes market is segmented into direct and third-party distribution channel. The Third-Party segment dominated the market with largest market revenue share of 72.0% in 2022. This segment is expected to grow at a CAGR of 5.42% during the forecast period.
Based on end-use industry, the global building & construction adhesive tapes market is segmented into residential, commercial, and industrial. The Residential segment held lucrative market revenue share of 52.0% in 2022 and expected to grow at a CAGR value of 5.61% from 2023-2032 in the global market.
Regional Analysis
The global Building & Construction Adhesive Tapes market, based on region, has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America consists of US, Canada, and Mexico. The Europe global Building & Construction Adhesive Tapes market comprises of Germany, France, the UK, Italy, Spain, Netherland, Switzerland, Sweden, Poland, Belgium, Austria, Norway, Denmark, Ireland, Finland, and the rest of Europe. The global Building & Construction Adhesive Tapes market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Middle East & Africa global Building & Construction Adhesive Tapes market consists of Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa. The global Building & Construction Adhesive Tapes market in South America has been segmented into Brazil, Argentina, and Rest of South America.
The largest market share for building & construction adhesive tapes was maintained by the Asia-Pacific regional sector. This is due to the reason that the region is witnessing rapid urbanization and infrastructure development, which has led to an increasing demand for advanced adhesive technologies in the construction industry. The construction industry in Asia Pacific is one of the largest in the world, and the region is home to some of the fastest-growing economies globally. This growth has led to a surge in demand for building and construction adhesives, particularly in countries such as China, India, and Japan. The Asia Pacific region is also witnessing an increasing focus on sustainability and environmental consciousness, which has led to the adoption of green building materials and technologies. This emphasis on sustainability has propelled the use of advanced adhesive technologies in the construction industry, leading to the introduction of high-performance adhesive products tailored to the specific needs of the industry.
Moreover, the building and construction adhesive tape market in North America is experiencing significant growth due to the increasing demand for advanced materials in various applications such as waterproofing, sealing, insulation, and others. The region is witnessing a higher adoption of green building materials and technologies, which is driving the growth of the adhesive market. The market is highly competitive with several local and regional players, and some of the key players include 3M, Nitto Denko, and Sika.
Additionally, the building and construction adhesive tape market in Europe is growing due to the increasing demand for energy-efficient buildings and the adoption of stringent green building regulations. The region is focusing on the use of advanced technology in the construction industry, which is driving the growth of the adhesive market. The market in Europe is highly competitive, with a mix of local and regional players vying for market share. Key players in the region include Bostik, Sika, and Nitto Denko, among others. These companies are actively engaged in product development and innovation to meet the evolving demands of the construction sector.
Furthermore, the building and construction adhesive tape market in South America is expected to show steady growth in the forecast period. South America is witnessing a surge in construction activities, particularly in the residential and commercial sectors. This growth is driven by factors such as urbanization, population explosion, and economic development in countries like Brazil, Argentina, and Chile. These construction activities require adhesive tapes for various applications such as bonding, sealing, and reinforcing, leading to the growth of the building & construction adhesive tape market in the region. The MEA region is experiencing rapid urbanization, leading to a surge in demand for building & construction adhesive tapes. This urbanization has resulted in a spike in construction activities, particularly in the commercial and infrastructure sectors, which requires adhesive tapes for various applications such as bonding, sealing, and reinforcing. Also, the region witnessing a growing trend of sustainable construction, where adhesive tapes made from recycled materials or those with low environmental impact are preferred. This trend is driven by the increasing awareness of environmental issues and the need for eco-friendly construction materials.
Key Findings of the Study
- The global Building & Construction Adhesive Tapes market is expected to reach USD 4,968.62 Million by 2032, at a CAGR of 5.2% during the forecast period.
- The Asia-Pacific Building & Construction Adhesive Tapes market in Asia Pacific is growing rapidly and is expected to reach 2,288.01 million by 2032.
- Based on product type, double-sided Tapes segment attributed to holding the largest market in 2022.
- 3M, Tesa SE, Avery Dennison Corporation, Saint-Gobain, Henkel AG & Co. KGaA, DuPont, Shurtape Technologies, LLC, L & L Products Inc., PPG Industries, Inc. American Biltrite Inc.. are key market player.
- Based on backing material, polyvinyl chloride segment is dominating the market with a share of 27.78% in the year 2022.
- Based on Function, bonding function is dominating the market with a share of 31.58% in the year 2022.
- Based on End Use Industry, residential segment is dominating the market in the year 2022.
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Base Year | 2023 |
Companies Covered | 15 |
Pages | 191 |
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