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Global Construction Adhesive Tapes Market is valued at approximately USD 2.55 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.7% during the forecast period 2023-2030. Construction adhesive tapes are specialized tapes used in the construction industry for bonding, sealing, mounting, insulation, and weatherproofing. They offer an alternative to traditional adhesives, providing strong, durable bonds and easy application. These tapes are versatile, catering to various construction needs, from securing insulation to mounting objects, and they contribute to efficient, durable, and sustainable construction projects. The rise in demand in residential housing and infrastructure sectors, versatility and ease of application, coupled with the rising urbanization and population growth are the most prominent factors that are propelling the market demand across the globe.
In addition, the flourishing growth of the construction industry is directly associated with the demand for construction adhesive tapes, which is fostering market growth at a substantial rate. The construction sector is placing a greater emphasis on environmental considerations. Adhesive tapes present a sustainable choice compared to conventional adhesives due to their lower VOC emissions and the potential to incorporate recycled materials into their formulations. This aligns with the increasing emphasis on sustainable construction practices, appealing to environmentally conscious builders and developers. As per Statista, the construction (including commercial and residential infrastructure) industry spending is rising constantly, in 2021, the worldwide construction spending was valued at USD 12.9 trillion, which is projected to rise to USD 17.1 trillion by the year 2030. There is a corresponding increase in the requirement for tapes for various applications, including bonding and sealing with the rise in construction activities. Moreover, the rising emphasis on the introduction of eco-friendly and sustainable adhesive tapes, as well as the growing technological advancements and innovation presents various lucrative opportunities over the forecast years. However, the changing regulations and environmental concerns, along with volatility in the price of raw materials are hindering the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Construction Adhesive Tapes Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the increased use in specialty applications, the rising number of initiatives taken by national governments to provide housing facilities, as well as rising urbanization and population growth. Whereas, North America is expected to grow with a significant CAGR over the forecast years. The rapid development of the commercial construction sector, escalating building and construction activities, and growing demand for eco-friendly and sustainable adhesive tapes are significantly propelling the market demand across the region.
Major market players included in this report are:
- 3M
- Nitto Denko Corporation
- Tesa SE
- Scapa Group Ltd
- Intertape Polymer Group
- Beery Global Inc.
- Nichiban Co., Ltd.
- Sika AG
- Saint-Gobain Weber Co., Ltd.
- Lohmann GmbH & Co.KG
Recent Developments in the Market:
- In May 2023, Nitto Denko Corporation introduced a new eco-friendly product to its lineup. The newly launched item is PlanetFlags, a bio-adhesive tape. This innovative double-sided tape is crafted from recycled films, representing a significant step towards sustainable and environmentally conscious manufacturing practices by the company.
- In October 2023, Tesa SE inaugurated a new facility in Haiphong, Vietnam, as part of its strategic expansion in the Asia region. The site boasts an annual production capacity of 40 million square meters of adhesive tapes, reinforcing Tesa's commitment to meeting the growing demand in the region.
- In May 2022, Shurtape Technologies LLC unveiled a new product under the name Duck Pro. This high-performance tape is offered in four distinct grades: general purpose, utility, premium, and professional, providing a versatile range of options to cater to various application needs.
Global Construction Adhesive Tapes Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Technology, Resin Type, Application, End-use, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Technology:
- Hot-Melt Based
- Solvent-Based
- Others
By Resin Type:
By Application:
- Flooring
- Roofing
- Windows & Doors
- Walls
- HVAC & Insulation
- Others
By End-use:
- Residential
- Non-Residential
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Construction Adhesive Tapes Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Construction Adhesive Tapes Market, by Technology, 2020-2030 (USD Billion)
- 1.2.3. Construction Adhesive Tapes Market, by Resin Type, 2020-2030 (USD Billion)
- 1.2.4. Construction Adhesive Tapes Market, by Application, 2020-2030 (USD Billion)
- 1.2.5. Construction Adhesive Tapes Market, by End-use, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Construction Adhesive Tapes Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Construction Adhesive Tapes Market Dynamics
- 3.1. Construction Adhesive Tapes Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Rise in demand in residential housing and infrastructure sectors
- 3.1.1.2. Flourishing growth of construction industry
- 3.1.2. Market Challenges
- 3.1.2.1. Changing regulations and environmental concerns
- 3.1.2.2. Volatility in price of raw materials
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising emphasis on the introduction of eco-friendly and sustainable adhesive tapes
- 3.1.3.2. Growing technological advancements and innovation
Chapter 4. Global Construction Adhesive Tapes Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Construction Adhesive Tapes Market, by Technology
- 5.1. Market Snapshot
- 5.2. Global Construction Adhesive Tapes Market by Technology, Performance - Potential Analysis
- 5.3. Global Construction Adhesive Tapes Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
- 5.4. Construction Adhesive Tapes Market, Sub Segment Analysis
- 5.4.1. Hot-Melt Based
- 5.4.2. Solvent-Based
- 5.4.3. Others
Chapter 6. Global Construction Adhesive Tapes Market, by Resin Type
- 6.1. Market Snapshot
- 6.2. Global Construction Adhesive Tapes Market by Resin Type, Performance - Potential Analysis
- 6.3. Global Construction Adhesive Tapes Market Estimates & Forecasts by Resin Type 2020-2030 (USD Billion)
- 6.4. Construction Adhesive Tapes Market, Sub Segment Analysis
- 6.4.1. Acrylic
- 6.4.2. Rubber
- 6.4.3. Others
Chapter 7. Global Construction Adhesive Tapes Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Construction Adhesive Tapes Market by Application, Performance - Potential Analysis
- 7.3. Global Construction Adhesive Tapes Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 7.4. Construction Adhesive Tapes Market, Sub Segment Analysis
- 7.4.1. Flooring
- 7.4.2. Roofing
- 7.4.3. Windows & Doors
- 7.4.4. Walls
- 7.4.5. HVAC & Insulation
- 7.4.6. Others
Chapter 8. Construction Adhesive Tapes Market, by End-use
- 8.1. Market Snapshot
- 8.2. Global Construction Adhesive Tapes Market by End-use, Performance - Potential Analysis
- 8.3. Global Construction Adhesive Tapes Market Estimates & Forecasts by End-use 2020-2030 (USD Billion)
- 8.4. Construction Adhesive Tapes Market, Sub Segment Analysis
- 8.4.1. Residential
- 8.4.2. Non-Residential
Chapter 9. Global Construction Adhesive Tapes Market, Regional Analysis
- 9.1. Top Leading Countries
- 9.2. Top Emerging Countries
- 9.3. Construction Adhesive Tapes Market, Regional Market Snapshot
- 9.4. North America Construction Adhesive Tapes Market
- 9.4.1. U.S. Construction Adhesive Tapes Market
- 9.4.1.1. Technology breakdown estimates & forecasts, 2020-2030
- 9.4.1.2. Resin Type breakdown estimates & forecasts, 2020-2030
- 9.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 9.4.1.4. End-use breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Construction Adhesive Tapes Market
- 9.5. Europe Construction Adhesive Tapes Market Snapshot
- 9.5.1. U.K. Construction Adhesive Tapes Market
- 9.5.2. Germany Construction Adhesive Tapes Market
- 9.5.3. France Construction Adhesive Tapes Market
- 9.5.4. Spain Construction Adhesive Tapes Market
- 9.5.5. Italy Construction Adhesive Tapes Market
- 9.5.6. Rest of Europe Construction Adhesive Tapes Market
- 9.6. Asia-Pacific Construction Adhesive Tapes Market Snapshot
- 9.6.1. China Construction Adhesive Tapes Market
- 9.6.2. India Construction Adhesive Tapes Market
- 9.6.3. Japan Construction Adhesive Tapes Market
- 9.6.4. Australia Construction Adhesive Tapes Market
- 9.6.5. South Korea Construction Adhesive Tapes Market
- 9.6.6. Rest of Asia Pacific Construction Adhesive Tapes Market
- 9.7. Latin America Construction Adhesive Tapes Market Snapshot
- 9.7.1. Brazil Construction Adhesive Tapes Market
- 9.7.2. Mexico Construction Adhesive Tapes Market
- 9.8. Middle East & Africa Construction Adhesive Tapes Market
- 9.8.1. Saudi Arabia Construction Adhesive Tapes Market
- 9.8.2. South Africa Construction Adhesive Tapes Market
- 9.8.3. Rest of Middle East & Africa Construction Adhesive Tapes Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. 3M
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Recent Developments
- 10.3.2. Nitto Denko Corporation
- 10.3.3. Tesa SE
- 10.3.4. Scapa Group Ltd
- 10.3.5. Intertape Polymer Group
- 10.3.6. Beery Global Inc.
- 10.3.7. Nichiban Co., Ltd.
- 10.3.8. Sika AG
- 10.3.9. Saint-Gobain Weber Co., Ltd.
- 10.3.10. Lohmann GmbH & Co.KG
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption
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