The global building and construction tapes market size was valued at USD 4.17 billion in 2022. The market is projected to grow from USD 4.32 billion in 2023 to USD 5.82 billion by 2030, exhibiting a CAGR of 4.4% during the forecast period.
The building and construction tapes market refers to the industry segment that produces and supplies various types of tapes specifically designed for use in construction activities. These tapes serve multiple purposes across different stages of construction projects, offering benefits such as sealing, bonding, protecting, marking, and reinforcing.
Some common types of tapes used in the building and construction sector include:
- Duct Tape: Known for its strong adhesive properties and versatility, duct tape is used for temporary repairs, sealing ductwork, and bundling materials.
- Masking Tape: This type of tape is commonly used for masking off areas during painting and other finishing tasks to achieve clean lines and prevent paint bleed.
- Electrical Tape: Designed to insulate electrical wires and connections, electrical tape is crucial for safety in construction projects involving electrical work.
- Double-Sided Tape: Used for bonding two surfaces together, double-sided tape is often used in applications such as mounting mirrors, signage, and decorative panels.
- Barrier Tape: Barrier tapes are used to cordon off areas, mark hazardous zones, or provide visual cues for safety purposes on construction sites.
- Reflective Tape: This type of tape enhances visibility in low-light conditions and is often used for marking hazards or delineating pathways.
- Adhesive Transfer Tape: Consisting of a thin adhesive layer coated onto a release liner, adhesive transfer tape is used for bonding lightweight materials with high precision.
- Construction Sheathing Tape: This tape is designed to seal the seams of building wraps and house wraps, providing weatherproofing and enhancing the energy efficiency of structures.
- Foam Tape: Foam tapes are used for sealing gaps, dampening vibrations, and providing insulation in construction applications.
- Floor Marking Tape: Floor marking tape is used for delineating traffic lanes, marking safety zones, and indicating storage areas on floors in warehouses and industrial facilities.
The demand for building and construction tapes is influenced by factors such as construction activity levels, infrastructure development, renovation projects, and technological advancements in tape manufacturing. With the emphasis on sustainability and energy efficiency in construction practices, there's also a growing demand for tapes that offer superior sealing and insulation properties. Additionally, regulatory standards and building codes often dictate the types of tapes that must be used in specific construction applications to ensure safety and compliance.
LIST OF KEY COMPANIES PROFILED:
- 3M (U.S.)
- Intertape Polymer Group (Canada)
- DuPont (U.S.)
- Saint-Gobain (France)
- Berry Global Inc. (U.S.)
- PPM INDUSTRIES S.P.A. (Italy)
- The Dow Chemical Company (U.S.)
- Ahlstrom Corporation (Finland)
- Nitto Denko Corp. (Japan)
- Canadian Technical Tape Ltd. (Canada)
