Home Press Releases Construction Adhesive Tapes Market Size Worth $3.60 Billion By 2030 | CAGR: 4.6%

Construction Adhesive Tapes Market Size Worth $3.60 Billion By 2030 | CAGR: 4.6%

The global construction adhesive tapes market size is expected to reach USD 3.60 billion by 2030, according to a new study by Polaris Market Research. The report “Construction Adhesive Tapes Market Share, Size, Trends, Industry Analysis Report, By Type (Water-based, Hot Melt, Solvent-based, Pressure Sensitive, Others); By Application; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Increased urbanization and industrialization and the rapidly growing construction industry drive the market. In addition, rising demand from the residential, housing, and infrastructure industries will likely accelerate the market. The growing construction industry in developing countries with huge government spending has bolstered the demand for construction adhesive tapes.

 

Construction adhesive tapes are utilized in several applications. Utilization of pressure-sensitive adhesives for tape applications is experiencing rapid growth owing to its ease of use and cost-effective solution when contrasted with other conventional products. Transfer tape has an unsubstantiated mass of adhesive tapes that will be layered on the release liner and a coat on both sides.

 

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These tapes are well known for their conformability to irregular surfaces. Double-coated tapes have a carrier that will be coated with adhesive on either side. The carrier material can be made up of films from plastic, tissues, non-woven materials, or others. Self-wound tapes have a coating on one side and a release coating on the other.

 

Some common examples of self-wound tapes include sealing, masking, and ducts. Furthermore, the market is expected to be driven by introduction of advanced products by manufacturers in the country.

 

The growth of the global market is primarily due to the shift in preference toward hot-melt adhesive tapes. Extensive applications boost the growth of the market. Moreover, hot-melt adhesives are considerably safe, environment-friendly, volatile organic compounds (VOC) free and are suitable for storage, transportation, and production.

 

In addition, an increase in construction expenditure owing to improved living standards and disposable income in emerging countries, such as India, China, and Brazil, drives the market toward growth.

 

Major market players operating in the global market are investing in these emerging countries to expand their presence. Strengthening the building and construction sector and greater investment in public infrastructure development are other factors boosting the demand for construction adhesive tapes.

 

Construction Adhesive Tapes Market Report Highlights

  • The hot melt segment accounted for a significant market share in 2021 owing to its benefits like excellent adhesion, quick set, fast process, and ease of use
  • The residential sector dominated the global construction adhesive tapes because of increased expenditure on residential construction. Also, more adoption on account of heightened concerns regarding aesthetics
  • Asia-Pacific region generated significant revenue in 2021 owing to greater demand from emerging economies of India, Malaysia, China, Indonesia, and Bangladesh, among others, along with rising new construction and infrastructure development
  • The global market is highly competitive owing to the existence of large market players with global presence including 3M Company, Advance Tapes International Ltd, Beery Global Inc., Bostik, 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, and Tesa SE

 

Polaris Market Research has segmented the construction adhesive tapes market report based on type, application, and region.:

 

Construction Adhesive Tapes, Type Outlook (Revenue – USD Billion, 2018 – 2030)

  • Water-based
  • Hot Melt
  • Solvent-based
  • Pressure Sensitive
  • Others

Construction Adhesive Tapes, Application Outlook (Revenue – USD Billion, 2018 – 2030)

  • Residential
  • Commercial
  • Infrastructure
  • Others

Construction Adhesive Tapes, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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