Building and Construction Tapes Market: Introduction

  • Duct tapes and masking tapes have become customary in construction applications. However, tape manufacturers are increasing efforts to overcome their drawbacks. For instance, duct tape is utilized for emergency leak repairs. However, the same tape loses its adhesive strength in sealing or repairing of heating and ventilation ducts. Likewise, even masking tapes leave a sticky residue on surfaces, and need to be removed within a short span of hours to come off cleanly. Manufacturers in the construction tape market are increasing their R&D efforts in order to overcome these challenges and develop high performance tapes, such as the high temperature polyester option to provide alternative solutions to end-users.
  • Companies in the building and construction tape market are introducing innovative masking tapes that cater to a wide range of indoor and outdoor applications. Apart from construction and buildings, manufacturers in the construction tape market are tapping into business opportunities in sports and recreational activities for caution and safety purposes. This is likely to drive the building and construction tapes market.

Usage of Construction Tape for High Performance and Temperature Applications Offers Lucrative Growth Avenues: A Key Driver

  • Building and 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 employed in the construction industry for several critical applications where high performance is required. Moreover, high temperature adhesive tapes quickly stick to most surfaces, which enhance 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 significant opportunities for tape manufacturers to boost sales and revenues as well.

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

  • Several adhesive tapes such as masking tapes, duct tapes, and aluminum tapes, are gaining significant traction in the building & construction industry for applications such as masking and bundling. End-user preference for construction tapes has been increasing consistently for the last 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 the 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. Rise in adoption of these adhesive tapes for light and heavy-duty applications across globe is expected to propel the building and construction tape market during the forecast period.

Suspension of Construction Activities Due to COVID-19 Hampers Markets: A Key Restraints

  • Rapid spread of the novel COVID-19 pandemic has disrupted the supply chain of manufacturing industries globally impacting the building & construction industry as well. Suspension and discontinuation of construction activities, owing to the novel COVID-19 pandemic across the globe have restrained the global building & construction industry. Moreover, shortage of raw materials, large scale manufacturing interruptions, absence of employees and workers on construction sites, and continuously changing financial conditions and tariffs hamper the supply and demand for building and construction tapes worldwide. However, as several governments across the globe are lifting the lockdown with new measures and granting permission to resume construction activities, which is anticipated to boost the demand for construction tape by the end of 2021.

Asia Pacific a Potential Market for Building and Construction Tapes Market

  • The global building and construction tapes market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
  • North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the building and construction tapes market in Europe includes the U.K., Germany, France, and Rest of Europe. Similarly, the market in Asia Pacific comprises India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes GCC, South Africa, and Rest of Middle East & Africa. The building and construction tapes market in South America has been segmented into Brazil and Rest of South America.
  • Asia Pacific is expected to be a lucrative market for of building and construction tapes during the forecast period. Rising construction activities and infrastructure development are anticipated to boost the building and construction tape market in the region.

Key Players Operating in Global Building and Construction Tapes Market

  • The global building and construction tapes market is moderately fragmented in nature, due to presence of numerous regional and global players. Key players adopt new product development, acquisitions, mergers, and agreements as their key development strategy to remain competitive and enhance their customer base in the market.
  • A few of the key players operating in the global building and construction tapes market are as follows:
    • 3M Company
    • Berry Global Inc
    • Intertape Polymer Group
    • MBK Tape Solutions
    • Nitto Denko Corporation
    • Pro Tapes & Specialties, Inc
    • Saint-Gobain Performance Plastic Corporation
    • Scapa Group plc
    • Shurtape Technologies, LLC
    • Tesa SE Group

Global Building and Construction Tapes Market: Research Scope

Global Building and Construction Tapes Market, by Product Type

  • Masking Tape
  • Duct Tape
  • High Temperature Polyester Tape
  • High Temperature Polyimide Tape
  • Aluminum Tape
  • Others (Double Sided Tape, Foam Tape, etc.)

Global Building and Construction Tapes Market, by Pricing

  • Low
  • Medium
  • High

Global Building and Construction Tapes Market, by Application

  • Roofing & Gutters
  • Windows, Door & Decks
  • HVAC & Plumbing
  • Electrical Insulation
  • Flooring
  • Others (Painting, Drywall, Pool, etc.)

Global Building and Construction Tapes Market, by Distribution Channel

  • Direct Sales
  • Distributers/Wholesalers

The report on the global building and construction tapes market is a compilation of first-hand information, qualitative and quantitative assessment by market analysts, and inputs from market experts and market participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness of each segment. The report also maps the qualitative impact of various factors on regional and other segments of the market.

Regional Analysis of Global Building and Construction Tapes Market:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa (MEA)
  • South America

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
  • Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.

The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

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Building And Construction Tapes Market