As per the recently published report by MarketsandMarkets™, The “Construction Adhesive Tapes Market by Technology, Resin Type, Application, End-Use Industry (Non-Residential, Residential), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Global Forecast to 2028″, size is expected to witness a CAGR of 5.7% and is 2.7 billion in 2023 and is estimated to reach 3.6 USD billion by 2028. Adhesive tape refers to any material that effectively binds items together by adhering to surfaces, preventing easy separation. Adhesive tapes are widely used in the construction industry, especially in building and construction, where they constitute an essential component. These tapes are used in many different applications, including insulation, dry lamination, HVAC, windows, doors, wall coverings, flooring, and more. They greatly contribute to the construction sector by playing a crucial part in bonding, remodelling, maintenance, and repair across a variety of categories, including residential, non-residential, and infrastructure.
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- 485 Market data Tables
- 62 Figures
- 344 Pages and in-depth TOC on “Construction Adhesive Tapes Market – Global Forecast to 2028”
This report also provides a comprehensive analysis of the companies listed below:
The major players in construction adhesive tapes market include 3M (US), Nitto Denko Corporation (Japan), Tesa SE (Germany), Scapa Group Ltd (UK), Intertape Polymer Group (Canada), Beery Global Inc. (US), Nichiban Co., Ltd. (Japan), and Sika AG (Switzerland). These market leaders have strategically prioritized growth efforts like mergers and acquisitions, collaborations, expansions, investments, and divestitures to help them expand into previously undiscovered and attractive markets.
Recent Developments in Construction Adhesive Tapes Market Industry
- In May 2023, Nitto Denko Corporation launched a new product. The product launched was a bio-adhesive tape which is a step to eco friendly product. The company launched bio-based adhesive tape, PlanetFlags. It is double sided tape that has been manufactured by recycling films.
- In October 2023, Tesa SE opened a new site in Haiphong, Vietnam aiming to expand its presence in Asia region. This site has production capacity of 40 million square meter of adhesive tapes per year.
- In May 2022, Shurtape Technologies LLC launched a new product, named Duck Pro. This is high-performance tape available in four grades: general purpose, utility, premium, and professional.
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Nitto Denko Corporation – Nitto Denko Corporation is a worldwide provider of a wide range of adhesive tapes that are used in many different sectors. The company is widely acknowledged for its innovative work in the field of pressure-sensitive adhesives, and it specializes in developing a variety of new products and technology. Its product line is divided into four main business segments: life science, industrial tape, optronics, and others. The company focuses in providing adhesive tapes for construction within the industrial tape industry. Nitto Denko Corporation has made a strong mark for itself throughout Japan, the Americas, the Middle East, Africa, East Asia, Southeast Asia, and Oceania thanks to a strong supply chain network. The company is focused on R&D and product development to increase the market share. For instance, the company launched a new product in May 2023, with the brand name of PlanetFlags, which is a bio-based adhesive tape.
SWM International – SWM International, a prominent player in advanced materials and specialty papers, made a significant stride in its expansion strategy by acquiring Scapa Group, a renowned supplier of bonding solutions and adhesive components. SWM International acquired Scapa Groups in April 2021 and with this acquisition, SWM was able to expand its global reach and strengthen its portfolio of high-value solutions, which was a turning point in the company’s history. By incorporating Scapa’s knowledge of adhesive-based goods into the consumer, industrial, and healthcare sectors, SWM strengthened its position as a one-stop shop for cutting-edge solutions. Together, SWM International and Scapa not only pooled their technological expertise but also reaffirmed their dedication to providing consumers around the globe with unmatched quality and service.
India is poised to lead the nation-level construction adhesive tape market in terms of compound annual growth rate (CAGR), exerting a substantial influence on the overall Asia Pacific market. The construction industry in India is experiencing steady growth, driven by factors such as urbanization, infrastructure development, and increased investments in building projects. The escalating demand for construction adhesive tapes is a direct reflection of the burgeoning construction sector in the country. This rapid growth in India has a profound impact on the dynamics of the greater Asia Pacific regional market, contributing significantly to its overall growth trajectory.
The surge in demand from India solidifies Asia Pacific’s pivotal position as a key hub for the production and consumption of construction adhesive tapes. With India emerging as a major player in the market, there is a noticeable shift in the industry dynamics, further enhancing the region’s importance in the global landscape of construction adhesive tapes. This transformative trend underscores Asia Pacific’s strategic role in shaping the market dynamics and highlights the growing significance of India within the construction adhesive tape sector.
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