Construction Tape Market Size, Share, Growth, Trends, Revenue, Company Analysis, Regional Insights and Forecast 2021-2030

Published Date : Apr 2021 | No. of Pages : 200 Pages | Category : Others

The global construction tape market is expected to reach at a CAGR of 5.2% during the forecast period. Construction tapes are high quality adhesive tapes that possess high sealing strength, predominantly used in the construction industry for numerous applications such as masking, sealing, bundling, fixing, framing, etc. Construction tapes have brought about a significant change in the way construction activities such as paint masking, insulations, sealing, and others are done and projected to witness significant traction in the foreseeable future.

The market is estimated to be driven by rising popularity of adhesive tapes in the building & construction sector, owing to its superior performance characteristics in both indoor and outdoor applications.

Superior Durability and Ease of Applicability to Propel Demand for Construction Tape

  • Several adhesive tapes such as masking tapes, duct tapes, aluminum tapes, and others are gaining significant traction in the building & construction industry for applications such as masking and bundling. It is also witnessed that end user preference for construction tapes is consistently increasing from the past three years, owing to the benefit of quality adhesion for sealing and fixing applications. These adhesive tapes have massive demand in the global market, as these tapes offers excellent mechanical strength in terms of durability, moisture, and thermal resistance.
  • Furthermore, these tapes can sustain in both indoor and outdoor applications, especially in construction industry that makes these adhesive tapes popular among industry players. Additionally, the demand for masking, aluminum, duct, polyimide, polyester, and other adhesive tapes in the building & construction industry is touching new heights, as they can be used on paper, glass, wood, metal, plastic, and other sensitive surfaces. Rising adoption of these adhesive tapes for light and heavy-duty applications across globe is expected to escalate the growth of the construction tape market during the forecast period.

Pricing Affordability Coupled with Convenience Usage to Supplement Sales

  • Construction tapes, including masking, paint masking, duct, double sided, aluminum, and others are most economical, convenient to use, and proficient solution for indoor and outdoor construction activities. Availability of low as well as high tacking construction tape in the market has made it an ideal solution for construction activities such as renovation, furniture, door, window, and decorative painting. In order to meet the demand of the building & construction industry for a wide range of application, adhesive tapes manufacturers have designed a multifaceted assortment. The convenient and affordable pricing of construction tapes, with availability of single-sided and double-sided adhesive tapes are attracting both leading and small-scale manufactures operating in the global building & construction industry.

Usage of Construction Tape for High Performance and Temperature Applications Offers Lucrative Growth Avenues

  • Construction tapes have been widely used across high performance and temperature applications in the construction sector. These high temperature construction tapes provide good performance and durability over a wide range of environmental conditions and a spectrum of temperatures. High temperature adhesive tapes are consistently used in the construction industry for several critical application where high performance is required. Moreover, high temperature adhesive tapes quickly sticks with most of the surfaces, which widen its applicability. The ability of these construction tapes to withstand over longer duration in high temperatures ultimately fuels its demand among market players. Rising demand for such high temperature adhesive tapes in the construction industry is creating ample amount of opportunities for tape manufacturers to maximize their sales and profitability margins as well.   

Product Level Innovation in Adhesive Industry Escalate Market Growth

The global construction tape market is driven by innovation in product design and manufacturer’s convenience is being kept at the epicenter. Manufacturers of construction tapes across the continents are emphasizing on the incorporation of innovative features such as excellent conformability and tear properties for irregular paint surfaces, water and moisture resistance, etc. This can be exemplified by 3M Company’s masking and duct tapes, especially designed for the building & construction industry for heavy and non-heavy duty applications. These tapes offer conformability on irregular surfaces and around corners, tight moisture resistant sealing, strong water-resistance, and others. Similarly, the tesa SE Group, another prominent adhesive tape manufacturer, designs, and manufactures PVC masking tapes and aluminum tapes for building & construction industry applications. These tapes come up with features such as weather, water, thermal and UV resistance, hand tearable, and suitable for both, indoor and outdoor applications. The demand for such end-use industry application oriented adhesive tapes is gaining significant traction in the market, owing to its innovative features and wide range of applicability. 

Availability of Alternative Solutions Limits Market Growth

Manufacturers across the globe are eager to switch to technological advancements in the packaging market. The building & construction industry is complex industry with equally complicated with its packaging needs. An adequate availability of alternative adhesive solutions such as mastic sealant, masking fluid, spray sealant, and others in the building & construction industry is considerably impacting the sale of construction tapes in prominent regions such as North America, Europe, and Asia Pacific. Development and adoption associated with such alternative adhesive solutions in the building & construction industry restrict the global construction tape market growth to a certain extent.

Adoption of Business Strategies to Retain Competitive Edge in Market

Prominent manufacturers operating in the global construction tape market are constantly putting efforts to fulfill the requirements of the building & construction industry. These manufactures are adopting strategies such as product launch, product maximization, acquisition, and others to expand their business footprints and strengthen market position.

For instance, in May 2017, the tesa SE Group has introduced a new product range of masking tapes made of ultra-thin washi paper for achieving clean and sharp painted edges during painting applications.

Along with this in 2017, Shurtape Technologies, LLC, another leading adhesive tape manufacturer has acquired Syntac Coated Products, LLC. Syntac Coated Products, LLC is a manufacturer of pressure-sensitive, high performance tapes for construction, medical, automotive industries.

In 2018, Berry Global Group Inc. invested in acquiring leading companies such as Laddawn Inc, Adchem Corp and AEP Industries Inc. to increase its market presence and product line expansion. Adchem Corp. manufactures high performance adhesive tape systems for the automotive, construction, electronics, medical, and general tape markets, was acquired by the group with the investment of US$ 49 Mn.

Competition Landscape

The global construction tape market is projected to witness strong competition among key players. This market includes few well-established market participants. Along with this, several other local and small-scale manufacturers are also entering into construction tape market attributing to significant revenue creation with the raising demand for construction tape. Some of the key players operating in the global construction tape market are 3M Company, tesa SE Group, Berry Global Inc, Nitto Denko Corporation, Saint-Gobain Performance Plastic Corporation, Intertape Polymer Group, Scapa Group plc., Shurtape Technologies, LLC, Pro Tapes & Specialties, Inc, and MBK Tape Solutions, among others.  

The tier structure is formulated on the basis of segmental revenue and market share of the company. As per tier structure, 3M Company and Berry Global Inc. are the tier 1 players in the construction tape market. These leading packaging giants are adopting key strategies such as business expansions, acquisitions, and product launch to strengthen their position in the construction tape market. Moreover, tier 2 players are tesa SE Group, Nitto Denko Corporation, and Intertape Polymer Group.

Market Segmentation

By Product Type

  • Masking Tape
  • Duct Tape (Indoor & Outdoor Usage)
  • High Temperature Polyester Tape
  • High Temperature Polyimide Tape
  • Aluminium Tape
  • Others (Anti-Friction and Glass Cloth Tape)

By Distribution Channel

  • Direct Sales
  • Distributers/Wholesalers

By Application

  • Construction 
  • Sports & Recreation
  • Yachts Builders
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Scope of the Report

Vision Research Reports  started a new study on the global construction tape market, providing forecast for the period of 2020-2030. In the study, growth opportunity for the construction tape market is witnessed. The report provides valuable insights, which enable readers to make winning business decisions for future growth of their businesses. The report highlights significant factors that are constantly determining the growth of the construction tape market, untapped opportunities for manufacturers, trends and developments, and other insights across various key segments. Macroeconomic factors that are directly or indirectly affecting market growth are also incorporated in the report.

Key Questions

  • What will be market size for construction tape by the end of 2030?
  • What will be the impact of COVID 19 on construction tape market?
  • Which is the most preferred distribution channel for selling construction tape in the global market?
  • Which region will remain most lucrative for market growth?
  • Which application holds maximum market share in the global construction tape market?
  • Who are major key players in the construction tape market?

Key indicators associated with the construction tape market have been calculated thoroughly in the report. The study enumerates vital market dynamics such as key drivers, challenges, and trends, along with opportunities in the global construction tape market. A comprehensive study on the value chain, which includes component suppliers, manufacturers, distributors, and end users have been incorporated in the global market report. Other key aspects laid down in the market include pricing strategy of leading market players and comparative analysis of construction tape. Furthermore, forecast factors and forecast scenarios of the construction tape market have been covered in the report to understand future prospects of the market.

A comprehensive evaluation and forecast on the construction tape market are provided on the product type, distribution channel, application, and region.

Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The construction tape market is analyzed at both regional and country levels.

The report delivers an exhaustive assessment on the structure of the construction tape market, in tandem with a dashboard view of all leading company profiles in the report. Every company’s share analysis on market players have also been presented in the report, apart from the footprint matrix of profiled market players. The report depicts the presence of construction tape manufacturers by leveraging an intensity map. It also highlights key applications for construction tape.

Research Methodology

A realistic methodology, along with a holistic approach makes the base for sharp insights, which are provided in the construction tape market for the study evaluation period. The VRR report comprises of detailed information on growth prospects, along with riveting insights into the forecast assessment of the market.

Extensive primary and secondary researches have been employed to garner keen insights into the forecast study of the construction tape market. The report has further undergone a cross-validation by in-house professionals to make the construction tape market report one-of-its-kind with the highest credibility.

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