Construction and building tape is made from synthetic materials such as reclaimed rubber, aluminum foil, pulp, cotton fabric, and glass. These tapes are durable, strong, malleable, UV-resistant, and impact-resistant. As a result, the construction business has a wide range of applications for such tapes. There are various types of tapes, which includes seaming tapes, masking tapes, insulation tapes, barricade tapes, and pipe tapes. These tapes come in a variety of thickness and forms. Construction tapes are easy to apply, weather resistant, and form long-lasting connections with a variety of substrates such as plastic, concrete, and fiber. They fix cracks & joints in pipes & plastics. Construction tapes are used for plasterboard joints and roof linings.
Market Scope and Structure Analysis
Description
Rise in demand for adhesive tapes for fixing, mounting, and sealing gaps in windows and doors panels is expected to boost product demand. Furthermore, due to its high barrier capabilities, roofing tapes are employed to offer sealing and waterproofing applications, favorably boosting market growth. Electrical tapes are widely utilized in the construction and building industries to offer better insulation. Further, rise in demand for such solutions in HVAC installation combined with rise in commercial and industrial construction is likely to boost the building & construction tapes market. Moreover, increase in need for special plumbing products owing to the greater sealing offered by the product is likely to drive the market growth. Furthermore, increase in adoption of high-strength materials in the plumbing application due to high-performance requirements is likely to boost market growth over the forecast period.
COVID-19 Impact Analysis
- The COVID-19 pandemic ceased the production of various products in the building and construction tapes industry, which is attributed to the global lockdown. This hampered the growth of building and construction tapes market from the last few months and is likely to continue during 2022.
- COVID-19 affected the sales of building and construction tapes in the end quarter of 2021 and is anticipated to have a negative impact on the market growth throughout the next year.
- The major demand for building and construction tapes was previously noticed in giant manufacturing regions, such as North America, Europe, Asia-Pacific, and South America, which are negatively affected by the spread of the coronavirus, thereby declining the demand for building and construction tapes.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on their cash reserves. Building and construction tapes manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce their expenses. On the contrary, few players adopted employee lay-offs to sustain themselves during the COVID-19 health crisis.
- Building and construction tapes manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond to immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.
Top Impacting Factors
Innovative masking tapes are being manufactured by companies in the building and construction tape market to cater to a wide range of indoor and outdoor applications. For caution and safety reasons, manufacturers in the construction tape market are tapping into business prospects in sports and recreational activities. As a result, such factors are expected to drive the building and construction tapes market during the forecast period. Over the projected period, the use of upgraded high-strength items for window panel mounting is expected to boost market growth. Furthermore, the product is in high demand in the building and construction industries since it is easy to maintain and leaves no substantial residue after removal.
- In March 2021, 3M Company introduced 3M thin film bonding tape, a general-purpose tape with solventless acrylic adhesive coated on both sides. It is tear resistant and used in metal fabrication, furniture attachments, and plastic bonding.
- In May 2021, Intertape Polymer Group, Inc. a leading manufacturer in tapes and films, introduced PEFR, flame retardant polyethylene taps. PEFR is a heavy-duty tape ideal for healthcare institutions, institutional buildings, labs, shipyards, and construction sites. It is utilized for abatement, surface protection, maritime and heavy equipment storage, and long-term storage.
- In April 2020, Shurtape Technologies LLC manufactured CP-200 masking tape. The CP 200 is designed to work in temperatures of around 180-200 degrees Fahrenheit for approximately 30 minutes, addressing the needs of a wide range of applications even under extreme heat. It is a medium-high adhesion masking tape ideal for different construction applications on various surfaces.
Key Benefits of the Report
- This study presents the analytical depiction of the building and construction tapes industry along with the current trends and future estimations to determine the future investment pockets.
- The report presents detailed information related to key drivers, restraints, opportunities and market share of building and construction tapes.
- A quantitative analysis highlights the building and construction tapes growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed building and construction tapes analysis based on competitive intensity and how the competition will take shape in coming years.
Building and Construction Tapes Market Report Highlights
| Aspects | Details |
 By Type |
|
 By Application |
|
 By Region |
|
