Construction Tape Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027

Construction Tape Market: An Overview

Construction Tapes are made from high-quality materials, such as synthetic plastic, paper, aluminum foil, paper, cotton fabric and others. Construction Tapes are strong, durable, impact resistant, pliable and UV resistant. Hence, they find various applications in the construction industry for various purposes, such as roofing lining, plasterboard joints, insulations and others. Construction Tapes are available in different thicknesses and various forms, such as masking tapes, seaming tapes, insulation tapes, duct tapes, barricade tapes and others. Construction Tapes are easy to use, have good weatherability and form long-lasting bonds with a variety of substrates, such as plastic, metal, fiber and others. Construction Tapes made from fiberglass are widely used on gypsum plasterboard joints and cracks before applying filler. Construction Tapes with filler reinforce cracks and joints. Overall, the global Construction Tape market is likely to register notable growth rate during the forecast period.

Construction Tape Market: Dynamics

The flourishing growth of the construction industry across the globe and emergence of Construction Tapes as an economical and effective solution for various construction applications are two important factors expected to create a positive outlook for the global Construction Tape market during the forecast period. Increasing use of Construction Tapes for roof linings, plasterboard joints and other applications is likely to create significant demand for Construction Tapes during the forecast period. Low tacking property of Construction Tapes has made it an ideal solution for indoor activities, such as renovation, furniture, doors, windows and decorative paintings. To meet the demand of customers for such a wide range of indoor painting jobs, Construction Tape manufacturers have developed a multifaceted assortment. These factors are likely to push the growth of the global Construction Tape market during the forecast period. The Barricade product type segment is expected to gain significant traction due to its increasing use in construction zones to inform people about ongoing construction and about the possible hazards within the demarcated area.

Construction Tape Market: Segmentation

On the basis of material type, the Construction Tape market is segmented into:

• Plastic
  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polyethylene Terephthalate (PET)
  • Polylactic Acid (PLA)
  • Polyamide (PA)
• Paper
• Aluminum Foil
• Cotton Fabric
• Others (Fiberglass, etc.)

On the basis of product type, the Construction Tape market is segmented into:

• Masking Tape
• Seaming Tape
• Insulation Tape
• Duct Tape
• Barricade Tape
• Others

On the basis of thickness, the Construction Tape market is segmented into:

• Up to 2 mil
• 2 to 4 mil
• 4 to 6 mil
• 6 to 8 mil
• 8 mil & above

On the basis of application, the Construction Tape market is segmented into:

• Roofing Lining
• Exterior architectural panels
• Building cladding
• Panel stiffeners
• Interior architectural panels
• Others

Construction Tape Market: Regional Outlook

Robust growth rate of the construction industry in the Asia Pacific excluding Japan (APEJ) region will lead to creation of lucrative opportunities for the growth of Construction Tape market during the forecast period. In APEJ, China is expected to remain dominant in terms of market share while India is expected to register maximum growth rate in the Construction Tape market during the forecast period. ASEAN countries are expected to record notable CAGR in the Construction Tape market throughout the forecast period. North America and Western Europe are significant shareholder in the global Construction Tape market and are anticipated to expand at noteworthy CAGR during the forecast period. Significant growth of the construction industry in Latin America and Middle East & Africa region will lead to enormous growth opportunities in the Construction Tape market. Japan is expected to witness moderate growth rate in Construction Tape market throughout the forecast period.

Construction Tape Market: Key Players

Examples of some of the key players operating in the global Construction Tape market are:

• The Dow Chemical Company
• 3M Company
• Intertape Polymer Group Inc.
• Nitto Denko Corp.
• Ahlstrom Corporation
• Saint-Gobain Performance Plastics Corporation
• PPM INDUSTRIES S.P.A.
• Canadian Technical Tape Ltd.
• Berry Global Inc.
• Cintas Adhesivas Ubis, S.A.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

• Customer Experience Maps
• Insights and Tools based on data-driven research
• Actionable Results to meet all the business priorities
• Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

• North America
• Asia Pacific
• Europe
• Latin America
• The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.