According to the latest report by IMARC Group, titled, “Building and Construction Tapes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global building and construction tapes market size reached US$ 4.10 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.36 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.
Building and construction tapes refer to adhesive products designed to create a reliable bond with numerous surfaces, including wood, concrete, metal, and plastic. They are made using several raw materials, such as polyethylene (PE), polyvinyl chloride (PVC), acrylic, rubber, vinyl, foam, paper, etc. Building and construction tapes are widely used to seal and waterproof joints, reinforce structures, secure construction materials, protect surfaces, mark and delineate boundaries, and provide electrical insulation. They are highly versatile, user-friendly, and durable products that offer strong adhesion, save time, and withstand adverse environmental conditions, including ultraviolet (UV) rays, moisture, and temperature fluctuations.
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Building and Construction Tapes Market Trends and Drivers:
The rising consumer awareness regarding various product benefits, such as cost-effectiveness, ease of application, excellent durability, and long service life, is among the key factors driving the building and construction tapes market. Moreover, the implementation of strict government regulations to enhance safety standards in the construction industry and maintain appropriate building codes for the protection of occupants is also stimulating the market growth. Besides this, the inflating emphasis on energy efficiency and green building erection is facilitating product demand as it improves insulation, reduces energy losses, creates a healthy indoor environment, and increases the efficiency of heating, ventilation, and air conditioning (HVAC) systems, which is acting as another significant growth-inducing factor. Furthermore, the growing investments in infrastructural development projects and easy availability of the item across various e-commerce platforms are further propelling the global market. Apart from this, the rising focus on safety and hazard mitigation is anticipated to fuel the building and construction tapes market over the forecasted period.
Building and Construction Tapes Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market based on product, material type, application, and end user.
Breakup by Product:
Breakup by Material Type:
Breakup by Application:
Breakup by End User:
Breakup by Region:
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Key highlights of the report:
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