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
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.
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.
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.
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.
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
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)Â 
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.
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.
3M Company
Advance Tapes International Ltd
Beery Inc.
DENSO-Holding GmbH & Co.
HiCube Coating
Ideal Tape Company
Intertape Polymer Group
Lohmann GmbH & Co.KG
Nichiban Co., Ltd.
Nitto Denko Corporation
Saint-Gobain Weber Co., Ltd.
Scapa Group Ltd
Sika AG
Tesa SE
January 2022:Â Tesa SE contributed about USD 61.5 million towards the construction of the new factory that is housed in the Vietnamese port city of Haiphong. As one of the fastest expanding markets, the company intends to increase its manufacturing capacity for the Asia-Pacific area. Every year, this new facility will produce over 40 million square meters of adhesive tape.
April 2021:Â Scapa Group Ltd. was successfully purchased by SWM International. The company's capacity for research, invention, and production was greatly increased by this acquisition.
December 2019: Nitto Denko Corporation increased their market share in Japan by establishing a new head office in Tokyo in addition to their existing one. In order to boost the company's brand value, this new office was built with the intention of strengthening the corporate system.
Hot-Melt Based
Solvent-based
Others
Acrylic
Rubber
Others
Flooring
Roofing
Windows & Doors
Walls
HVAC & Insulation
Others
Residential
Non-Residential
| 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.
Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
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