Building And Construction Tapes Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Building and construction tape refers to a form of adhesive tape specifically designed for various applications in the construction industry and building projects. These tapes offer specific features and properties that cater to the needs of construction professionals and contractors. They are used for a wide range of purposes, including bonding, sealing, protecting, and marking in construction, renovation, and repair projects.

Sizing and Forecast
The building and construction tapes market size has grown steadily in recent years. It will grow from $4.48 billion in 2023 to $4.69 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to construction industry growth, increased emphasis on energy efficiency, repair and maintenance activities, waterproofing applications, demand for sustainable building materials..

The building and construction tapes market size is expected to see strong growth in the next few years. It will grow to $5.72 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to green building initiatives, infrastructure development projects, rising trend of prefabricated construction, growing awareness of air and water barrier systems, residential and commercial real estate demand.. Major trends in the forecast period include introduction of double-sided tapes, focus on noise damping tapes, introduction of energy-efficient insulation tapes, customization and tailored tape solutions, digitalization and smart construction tapes..

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Segmentation & Regional Insights
The building and construction tapes market covered in this report is segmented –

1) By Product: Double-Sided Tapes, Masking Tapes, Duct Tapes, Other Products
2) By Backing Material: Polyvinyl Chloride (PVC), Polyethylene Terephthalate, Polypropylene, Foil, Polyethylene, Foam, Paper, Other Backing Materials
3) By Function: Bonding, Protection, Insulation, Glazing, Sound Proofing, Cable Management
4) By Application: Doors, Flooring, Roofing, Walls And Ceilings, Windows, Building Envelope, Plumbing, HVAC (Heating, Ventilation, And Air Conditioning), Electrical
5) By End Use: Commercial, Residential, Industrial

North America was the largest region in the building and construction tapes market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the building and construction tapes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The growing construction industry is expected to boost the growth of the building and construction tapes market going forward. The construction industry refers to the sector of the economy that encompasses activities related to the planning, design, construction, and maintenance of structures, buildings, infrastructure, and other physical projects. Building and construction tapes are commonly used in the construction industry for a variety of purposes, such as temporary repairs, surface protection, sealing and waterproofing, insulation, and securing and fastening. For instance, in May 2023, according to a report shared by the United States Census Bureau, a US-based government agency, construction spending increased from $1,768.2 billion in March 2022 to $1,834.7 billion in March 2023, a 3.8% increase in construction spending. Further, in February 2022, according to a report published by the Office for National Statistics, a UK-based government agency, the annual construction sector in the UK rose by a record 12.7% in 2021 compared to the previous year. Therefore, the growing construction industry is driving the growth of the building and construction tapes market.

Key Industry Players
Major companies operating in the building and construction tapes market report are Saint-Gobain Group., 3M Company, Henkel AG And Co. KGaA, Berry Global Inc., DuPont de Nemours Inc., Avery Dennison Corporation, Nitto Denko Corporation, Tesa SE, Ahlstrom Munksjo Oyj, Lohmann GmbH And Co. KG, Scapa Group PLC., Intertape Polymer Group Inc., FLEXcon Company Inc., PPM Industries S.P.A., Gaska Tape Inc., Advance Tapes International Ltd., Cantech Industries Inc., Lamatek Inc., MBK Tape Solutions, NADCO Tapes & Labels Inc., Heskins Ltd., PPI Adhesive Products (C.E.) s.r.o., Shurtape Technologies LLC., BowTape Co. Ltd., Tape-Rite Co. Inc.

The building and construction tapes market report table of contents includes:

1. Executive Summary
2. Building And Construction Tapes Market Characteristics
3. Building And Construction Tapes Market Trends And Strategies
4. Building And Construction Tapes Market – Macro Economic Scenario
5. Global Building And Construction Tapes Market Size and Growth
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32. Global Building And Construction Tapes Market Competitive Benchmarking
33. Global Building And Construction Tapes Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Building And Construction Tapes Market
35. Building And Construction Tapes Market Future Outlook and Potential Analysis
36. Appendix

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