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Construction Adhesive Tapes Market (Technology - Rubber Resin, Solvent-based, Hot-melt, and other; Application - Residential, Commercial, Infrastructure, and Industrial and Institutional): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

  • Published : July, 2022

  • Rep Id : CM0165

  • Category : Chemicals & Materials

  • Status : Published

A recent report published by Infinium Global Research on the construction adhesive tapes market provides an in-depth analysis of segments and sub-segments in the global as well as regional construction adhesive tapes market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional construction adhesive tapes market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global construction adhesive tapes market. According to the report, the global construction adhesive tapes market is projected to grow at a CAGR of about 5% over the forecast period of 2022-2028.

 

Market Insight

The Global Construction Adhesive Tapes Market was valued at around USD 2400 Million in 2022 and is expected to reach nearly USD 3200 Million in 2028, with a CAGR of about 5% during the forecast period. The increasing awareness among competitors because of the advantage of adhesive tapes is anticipated to increase the demand at a high speed within the forecast period. Various research and developmental activities have steered the expansion of the appliance category and hence, the market seems to be growing at a big pace. The new trend of substituting bolts, screws, rivets, and other attaching or fastening techniques with adhesives has been resulting in the progress of the adhesive market at a worldwide rate. Besides this, the growing demand for low-cost and high-performance materials is additionally fueling the expansion of the construction adhesive tapes market during the forecast period.

 

The market's expansion is attributed to adhesives' substantial benefits over alternative bonding materials. Construction Adhesives Tapes distribute stress and offer bonded surfaces flexibility, evenly across the joint, and are particularly cost-effective. Residential building construction is projected to enhance industry growth. Permanent houses are being developed on an outsized scale by both government and personal builders to satisfy the growing need for housing, which necessitates adhesive for flooring, exterior insulation, and panel installation, among other things. As a result, the marketplace is probably going to develop. The flexibility of the construction adhesive tapes to survive over an extended period of time in high temperatures eventually propels the demand between the most important market players during the forecast period. Furthermore, the availability of different types of adhesives tailored to the wants of the development process is anticipated to bolster the market growth. However, on the other hand, environmental rules regarding emissions, are likely to hamper the expansion of the market.  

 

The COVID-19 pandemic has negatively affected the expansion of the market during the forecast period. Globally the construction sector has been highly affected, as most building activities have come to a standstill because of the increasing spread of the covid-19 virus. Besides this, thanks to the suspension in operations, other orders for building materials, including adhesives, were canceled. Furthermore, because of the transportation and trade restrictions imposed between countries, the management of logistics and supply chain of construction adhesives was hampered. Thus this affected manufacturing of companies because of difficulty procuring the raw materials like glue and other material from supplier companies. These factors hampered the expansion of the market during the covid-19 pandemic.

 

Based on the region, the worldwide construction adhesive tapes market is segmented into the Asia Pacific, North America, Europe, and also the Middle East & Africa. North America is the largest marketplace for construction adhesive tapes. The region encompasses a high demand for construction adhesive tapes for various residential and non-residential purposes. North America is among the biggest construction market in the world. The building & housing industry in North America is very developed, and designers and builders present within this region are acquainted and skilled with the employment of recent architecture in residential and non-residential construction. Whereas, the Asia Pacific region is predicted to be the fastest growing region during the forecast period. Moreover, convalescing construction sector from the covid-19 epidemic in India, China, and other countries creates lucrative growth opportunities for the construction adhesive tapes market within the forecast period.

 

Segment Covered

The report on the global construction adhesive tapes market covers segments such as technology, and application. On the basis of technology, the sub-markets include rubber resin, solvent-based, hot-melt, and other. On the basis of application, the sub-markets include residential, commercial, infrastructure, and industrial and institutional.

 

Companies Profiled:

The report provides profiles of the companies in the market such as 3M (US), Nitto Denko Corporation (Japan), Scapa Group Ltd (UK), Tesa SE (Germany), Inter tape Polymer Group (Canada), Beery Global Inc. (US), Nichiban Co. Ltd. (Japan), Sika AG (Switzerland), Avery Dennison Corporation (US), and Lohmann GmbH (Germany).

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the construction adhesive tapes market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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