Global Construction Adhesive Tapes Market Overview
Construction adhesive tapes Market Size was valued at USD 2.4 Billion in 2022. The construction adhesive tapes industry is projected to grow from USD 2.52 Billion in 2023 to USD 3.69 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.90% during the forecast period (2023 - 2032). Growing demand in emerging markets and increasing investments in the construction sector are the key market drivers accelerating market expansion.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Construction adhesive tapes Market Trends
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Rise in the demand for tape in developed economies is driving the market growth
Market CAGR for construction adhesive tapes is being driven by a rise in the demand for tape in developed economies. Building and construction tapes are utilized in residential, commercial and industrial structures to glue and mount parts on doors, windows, decorative trims, wall coverings, panels to frames and safety bumper rails to furniture and walls. These goods are used to make masking, carpet, duct, double-sided, and UV-resistant tapes.
Additionally, rapid urbanization and a growing population, which are fueling the expansion of the construction industry, are the main drivers of growth for the market for construction adhesive tapes. Due to significant investment from major business companies and increased governmental spending, particularly in developing nations, the construction sector is expanding rapidly. The three primary categories of the construction market are residential, commercial, and infrastructure. The development of new cities and the accelerating rate of urbanization in developing nations like China and India are the main forces behind the expansion of the infrastructure sector. As a result, Asia Pacific will experience the fastest increase in the construction market and, consequently, in the market for construction adhesive tapes.
Since the construction industry is predicted to rebound as the world economy begins to recover from its slump, there will be a corresponding rise in demand for construction adhesive tapes. However, developing their public infrastructure is a top priority for expanding economies like those in the Middle East, China, India, and Brazil. One of the key drivers of market growth for construction adhesive tapes is this expansion in infrastructural development. These nations have limited room for future development operations due to their existing infrastructure. The market for construction adhesive tapes has few chances for expansion because infrastructures are constructed to last for a longer time.
For instance, according to India Brand Equity Foundation, the country's economy is mostly driven by the infrastructure industry. India's total development depends heavily on this industry, and the government places a lot of emphasis on it in order to implement laws that would guarantee the country's timely construction of world-class infrastructure. Thus, result in driving the construction adhesive tapes market revenue.
3M Company broadened its range of products by unveiling wear adhesive tapes during May 2022 that can be applied onto surfaces that require additional protection against abrasion damage caused by frictional forces acting upon them over extended periods comprising weeks, months, even years depending on specific applications involved.
In August of 2023, Saint-Gobain Tape Solutions said that they had come out with the Norbond F500 Series Bonding Tape, a product that sticks metals together along with plastics and composites, among other things. It is strong, tough and easy to use.
Construction adhesive tapes Market Segment Insights
Construction adhesive tapes Technology Insights
The construction adhesive tapes market segmentation, based on Technology includes Hot-Melt Based, Solvent-based, and Others. The hot-melt based segment dominated the market. This technique has a number of advantages over other adhesive technologies, including high adhesion, quick setting and convenience of use, quick processing, and others.
Construction adhesive tapes Resin Type Insights
The construction adhesive tapes market segmentation, based on Resin Type, includes Acrylic, Rubber, and Others. The acrylic category generated the most income, due to its beneficial physical and chemical characteristics, cheaper price, and use in a variety of construction industry end-use applications, acrylic resin is in great demand. Because they offer greater resistance to various solvents, chemicals, and water, acrylic-based adhesive tapes are appropriate for technologies that rely on both solvents and water.
Construction adhesive tapes Application Insights
The construction adhesive tapes market segmentation, based on Application includes Flooring, Roofing, Windows & Doors, Walls, HVAC & Insulation, and Others. The flooring segment dominated the market. The sticky tapes are used to repair, designate lanes, and preserve fragile surfaces and items. Due to their excellent temperature and abrasion resistance and flawless surface finish, acrylic resin-based adhesives account for the majority of flooring application adhesive tapes.
Construction adhesive tapes End User Insights
The construction adhesive tapes market segmentation, based on End User, includes Residential, and Non-Residential. The residential category generated the most income. Due to their advantages, including greater strength, excellent finish quality, higher tensile strength, aesthetics, increased productivity, and lower manufacturing costs, construction adhesive tapes are used in residential applications.
Figure1: Construction adhesive tapes Market, by End User, 2022&2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Construction adhesive tapes Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American construction adhesive tapes market area will dominate this market. The national governments' initiatives to provide housing options for the expanding population can be credited with the growth. The existence of independent organizations like INFONAVIT, PEMEX, and CONAVI is expected to promote the expansion of the local residential construction industry.
Further, the major countries studied in the market report are The US, German, France, Canada, the UK, Italy, Spain, China, India, Australia, Japan, South Korea, and Brazil.
Figure2: CONSTRUCTION ADHESIVE TAPES MARKET SHARE BY REGION 2022 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Europe construction adhesive tapes market accounts for the second-largest market share. This is anticipated to increase the demand for intelligent construction solutions, highlighting the expansion of the building and construction tapes market. Further, the German construction adhesive tapes market held the largest market share, and the UK construction adhesive tapes market was the fastest growing market in the European region
The Asia-Pacific Construction adhesive tapes Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to its widespread use in multiple building applications and rising use in double-sided items. Moreover, China’s construction adhesive tapes market held the largest market share, and the Indian construction adhesive tapes market was the fastest growing market in the Asia-Pacific region.
Construction adhesive tapes Key Market Players& Competitive Insights
Leading market players are spending a lot of money on R&D to extend their product lines, which will promote further market growth for construction adhesive tapes. Additionally, market participants are engaging in a range of strategic initiatives to increase their worldwide reach, with important market developments such as the introduction of new products, contracts, mergers and acquisitions, increased investments, and cooperation with other organizations. To grow and endure in an increasingly competitive and challenging market environment, construction adhesive tapes industry must provide reasonably priced goods.
One of the main business strategies employed by manufacturers is to produce locally to reduce operational expenses in the construction adhesive tapes industry to develop market sector and provide benefits to customers. In recent years, the construction adhesive tapes industry has given the construction sector some of the biggest benefits. Major players in the construction adhesive tapes market, including 3M Company, Advance Tapes International Ltd, Beery Inc., Bostik, DENSO-Holding GmbH & Co., HiCube Coating, Ideal Tape Company, and others, invest in operations for research and development in an effort to improve market demand.
The 3M Company is an American conglomerate with operations in the manufacturing, consumer goods, healthcare, and worker safety sectors. Under a number of brands, the company manufactures approximately 60,000 products, including laminates, passive fire protection, personal protective equipment, automobile care items, electronic circuits, medical software, and optical films. Its headquarters are in Maplewood, a Saint Paul, Minnesota, and enclave. In 2020, For roughly $650 million, 3M sold nearly all of its medication delivery business to an associate of Altaris Capital Partners, LLC, including a 17% stake in the newly formed operating company, Kindeva medication Delivery.
Berry Group, Inc. is a Fortune 500 company that manufactures and markets plastic packaging goods worldwide. With more than 265 locations worldwide and more than 46,000 people, its corporate headquarters are in Evansville, Indiana. The corporation, one of the biggest Indiana-based businesses in Fortune Magazine's ranking, is expected to generate $14+ billion in revenue in fiscal year 2022. In 2017, Berry Plastics became Berry Global. In 2019, RPC Group was purchased by Berry for $6.5 billion. Over 290 locations will make up Berry's total footprint.
In February 2023, Intertape Polymer Group Inc. announced its acquisition of Precision Cutting – a leading manufacturer of custom die-cut products such as adhesive tapes and labels. This move will help IPG expand its product line as well as strengthen its position within the growing market for these items over recent years.
Avery Dennison Corporation disclosed on May 2023 that it has bought Kurz Transfer Products, known for making decorative and functional transfer films & foils; this takeover could widen Avery’s range while also deepening its involvement with in-mold decoration (IMD) techniques being adopted by manufacturers globally.
Key Companies in the construction adhesive tapes market include
Construction adhesive tapes Industry Developments
In January of 2024, 3M enhanced their production capabilities for construction adhesive tapes in North America in order to meet the demand that was being generated by the construction and infrastructure industries. The corporation introduced brand-new adhesive tapes that are capable of excelling in performance and are ideal for harsh weather conditions.
In the month of December 2023, Henkel made a public announcement regarding a new range of construction adhesive tapes that fell under the Loctite brand and were designed in an environmentally friendly fashion. By utilizing materials that are biobased and post-consumer, the Loctite product range strives to reduce the amount of waste that is produced.
It was in November 2023 when Avery Dennison made the acquisition of a specialty maker of adhesive tapes. This was done with the intention of strengthening their position in the global market for construction adhesive tapes. This transaction should be quite beneficial to the company because it will allow them to expand their product portfolio and broaden their consumer base, both of which are expected to result in significant gains.
Construction industry specialists were the target audience for Tesa SE's new line of double-sided adhesive tapes, which was unveiled in October of 2023. They, along with other members of the Polish Chamber of Construction, are aware of the necessity of these tapes as a result of the growing demand for construction materials that are lightweight, contemporary, and of high strength.
The announcement that Saint-Gobain will be investing in the expansion of their adhesive tape production facilities in Europe was made public in September of 2023. The expansion of the company's capacity is the primary objective in order to meet the ever-increasing demands of the automotive and construction industries.
In the month of August 2023, Nitto Denko Corporation presented a collection of construction adhesive tapes that are constructed to be weatherproof and are designed for use in outdoor applications. It was stressed by the corporation that they have increased the powers of adhesion as well as the resistance to temperatures that are really high.
Construction Adhesive Tapes Market Segmentation
Construction adhesive tapes Technology Outlook
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Hot-Melt Based
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Solvent-based
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Others
Construction adhesive tapes Resin Type Outlook
Construction adhesive tapes Application Outlook
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Flooring
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Roofing
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Windows & Doors
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Walls
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HVAC & Insulation
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Others
Construction adhesive tapes End User Outlook
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Residential
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Non-Residential
Construction adhesive tapes Regional Outlook
- North America
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- Southeast Asia
- Rest of APAC
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Egypt
- Rest of MEA
Report Attribute/Metric |
Details |
Market Size2022 |
USD 2.4 Billion |
Market Size 2023 |
USD 2.52 Billion |
Market Size2032 |
USD 3.69 Billion |
Compound Annual Growth Rate (CAGR) |
4.90% (2023-2032) |
Base Year |
2022 |
Market Forecast Period |
2023-2032 |
Historical Data |
2018- 2022 |
Market Forecast Units |
Value (USD Billion) |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
Technology, Resin Type, Application, End User, and Region |
Geographies Covered |
North America, Europe, AsiaPacific, and the Rest of the World |
Countries Covered |
The US, Canada, France, UK, Italy, German, Spain, Japan, India, China, Australia, South Korea, and Brazil |
Key Companies Profiled |
3M Company, Advance Tapes International Ltd, Beery Inc., Bostik, DENSO-Holding GmbH & Co., HiCube Coating, Ideal Tape Company, Inter tape Polymer Group, |
Key Market Opportunities |
Strong healthcare sector expansion in developing nations is anticipated to create profitable growth prospects. |
Key Market Dynamics |
The market for adhesive tapes is expanding primarily due to rising demand from the packaging industry. |
Construction Adhesive Tapes Market Highlights:
Frequently Asked Questions (FAQ) :
In 2022, the market for construction adhesive tapes was estimated to be worth USD 2.4 billion.
From 2023 to 2032, the market is anticipated to expand at a CAGR of 4.90%.
The largest market share worldwide was held by North America
Advance Tapes International Ltd., Beery Inc., Bostik, DENSO-Holding GmbH & Co., HiCube Coating, and Ideal Tape Company are among the market's major participants.
In 2022, the Hot-Melt Based category ruled the market.
The Acrylic dominated the market with the highest proportion.