Flashing Tape Market Research, 2031
The global flashing tape market was valued at $2.0 billion in 2021, and is projected to reach $3.7 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.
Flashing tapes are uniform impervious thin materials that help prevent water and air infiltration. In addition, these are used in door and window installations and offer an added layer of protection in the rough openings. Flashing tapes are of various types such as butyl rubber flashing tapes, aluminum flashing tapes, bitumen tape, and others.
Increase in investments in building infrastructure in countries such as the U.S., China, Japan, Mexico, and India, have led the building & construction sector to witness a significant growth where flashing tape are used for flooring, mounting wall, and roofing applications. In addition, sustainable economic growth coupled with increase in demand for consumer goods has led the automotive & transportation sector to witness a significant increase in demand where flashing tape is widely used for UV and moisture protection applications in under hood parts, engine components, interior of containers, and storage vessels. These factors are predicted to contribute toward the global market growth.
However, lack of awareness among people regarding the benefits and usage of flashing tape are expected to hamper the market growth. However, strict government norms and regulations on the plastic-based flashing tape product are projected to hamper the market growth. In addition, fluctuation in the prices of flashing tape are anticipated to affect the growth of the market. These factors may hamper the growth of the flashing tape market during the forecast period.
On the contrary, increase in awareness for eco-friendly products has surged the popularity of high sold flashing tape owing to its minimal or no volatile organic compounds (VOCs) levels. Furthermore, high solid flashing tape requires less drying, has good adhesion, and is easy to apply. These factors make flashing tapes a highly preferred option for coating applications in various end use sectors. This is anticipated to increase sales of flashing tapes in several end-use sectors; thus creating lucrative opportunities for the market.
The major companies profiled in this report include, 3M company, Acme Supplies Limited, Aggarwal Brothers, Asian Paints, Bostik, DuPont, H.B. Fuller, Henkel AG & Co., Isoltema Group, Jining Xunda Pipe Coating Materials Co. Ltd., Nitto Denko Corporation, Omega Rubber Industries, Saint-Gobain, Scapa Group plc, and Vijay Agency.
The flashing tape market is segmented on the basis of adhesive type, substrate type, end-use industry, and region. On the basis of adhesive type, the market is categorized into silicone, acrylic, butyl rubber, and others. On the basis of substrate type the market is divided into plastic, metals, rubber, and others. On the basis of end-use industry, it is divided into automotive, building & construction, healthcare, packaging, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Asia-Pacific would exhibit highest CAGR of 7.4% during forecast period
By Region
The Asia-Pacific flashing tape market size is projected to grow at the highest CAGR of 7.4% during the forecast period in 2021. The rising building & construction, chemical manufacturing, healthcare, packaging, automotive, and other sectors have enhanced the performance of the flashing tape in the Asia-Pacific region. China's consumer electronics sector is increasing rapidly, which in turn has enhanced the performance of the flashing tape market in the region.
According to a report published by the United Nations Statistics Division, China witnessed around 28.7% of the global manufacturing output for consumer electronic products in 2019. Also, countries such as India and Australia are witnessing a rapid increase in transportation and healthcare sectors where flashing tape is employed as protective coating to provide structural integrity in transportation equipment and increase their average lifespan. For instance, according to a report published by the Indian Ministry of Commerce and Industry, the transportation sector in India is expected to grow at a compound annual rate (CAGR) of 5.9%, owing to the development of highways, widespread railway networks, aviation ports, and waterways structure wherein flashing tape is gaining popularity in healthcare sector where it is used in wound dressing process.
Acrylic adhesive type is the most lucrative segment
By Adhesive Type
In 2021, the acrylic segment was the largest revenue generator, and is anticipated to grow at a CAGR of 6.8% during the forecast period. Acrylic is also identified as Plexiglas which is versatile plastic material and possess outstanding strength, elasticity, and has optical clarity. It is widely used in various end-use industries such as building and construction, automotive, household, packaging, and many others. The growing automotive sector has increased the purchasing power of customers, where acrylic-based flashing tape are applied in extreme cold and extreme temperature on OEM equipment owing to its high adhesion and bonding capacity.
In addition, both developed and developing economies are constantly engaged in upgrading their fighter jets with modern armor facilities where acrylic-based flashing tapes are widely preferred for protective coating applications, owing to their potential to work in harsh atmospheric conditions and high strength. Furthermore, UV-cured acrylic flashing tapes are mostly preferred in building and construction, architects, and by the contractors, and builders.
Metals substrate type is projected as the fastest growing segment
By Substrate Type
In 2021, the metal segment was the largest revenue generator, and is anticipated to grow at a highest CAGR of 6.7% during the forecast period. Metal is a substance which comprise of high electrical and thermal, and mechanical property. Flashing tapes are waterproof, resistant to cold, and hot temperature due to which flashing tapes are extensively used in the chimneys, modern-theme based infrastructure, walls, and door openings as a protective coating material. The demand for metal has been increased in renewable energy infrastructure, auto components, electric vehicles, and in industrial sector. Flashing tapes are excellent source of adhesion and has ability to self-seal on metal surface due to which it is widely used on metal roofing, tile metal, and other metal based equipment. This factor is expected to enhance the demand for flashing tape on metal surface.
Furthermore, several manufacturers have increased their production capacities for flashing tape owing to its extensive use in various end use industry. For instance, Omega rubber Industries offers diversified range of product portfolio for flashing tape among that butyl rubber based flashing tape finds application in automobile and manufacturing industries where this butyl rubber based-flashing tape is mainly used on metal based automobile door panels. In response to this, it is extensively used in sealing of manholes, manufacture of metal silos and vessels in the manufacturing industries. This may act as one of the key drivers for the growth of metal-based flashing tape during the forecast period.
Building and Construction end-use industry would exhibit highest CAGR during 2022-2031
By End-use Industry
In 2021, the building & construction was the largest revenue generator, and is anticipated to grow at a CAGR of 6.8% during the forecast period. Flashing tapes are used over concrete floors in various residential and commercial building & construction sites such as hotels, hospitals, homes, flats, warehouses, hospitals, showrooms, garages, and offices, for protecting pipelines and sealing warehouse floors. In addition to this, it protects concrete surfaces, strengthens materials, and protects metal infrastructures from UV, moisture, air, and decay.
Growing population has led the building & construction sector to witness a significant growth where flashing tape are widely used for protective coating and sealing applications. For instance, according to a report published by the International Trade Administration, China’s construction industry is projected to grow at an annual average rate of 8.6% from 2022 to 2030. This may propel the demand for flashing tape in the growing construction sector during the forecast period. In addition, governments of developing economies such as China, India, and others, have increased spending on the development of townships, housing, built-up infrastructure and construction development projects where flashing tape are widely used for concrete coating applications.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the flashing tape market analysis from 2021 to 2031 to identify the prevailing flashing tape market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the flashing tape market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global flashing tape market trends, key players, market segments, application areas, and market growth strategies.
Flashing Tape Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 3.7 billion |
 Growth Rate | CAGR of 6.5% |
 Forecast period | 2021 - 2031 |
 Report Pages | 344 |
 By Adhesive Type |
|
 By Substrate Type |
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 By End-Use Industry |
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 By Region |
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 Key Market Players | Acme Supplies Limited, Isoltema Group, Omega Rubber Industries, Henkel AG and Co., Jining Xunda Pipe Coating Materials Co. Ltd., Aggarwal Brothers, Bostik, H.B. Fuller, Vijay Agency, The 3M Company, Asian Paints, Saint-Gobain, Nitto Denko Corporation, DuPont, Scapa Group plc |
Analyst Review
According to CXOs of leading companies, the global flashing tape market is expected to exhibit high growth potential. Flashing tapes are used in pipelines, concrete floors, wooden furniture, metal-based components, and others., It finds application in various end-use industries including building & construction, transportation, automotive, medical, packaging, industrial, and others. Automotive and industrial equipment that require high strength, UV protection, moisture, and abrasion-resistant properties can be accomplished with the use of flashing tapes.
In addition, flashing tape possesses excellent significant properties such as high mechanical strength, adhesion to metals, thermal resistance, chemical resistance, and UV resistance that makes it best suited for automotive coating applications. Furthermore, factors such as flexibility in operation, ease of application, and minimal or no volatile organic compounds (VOCs) levels enhance performance of flashing tape in several end-use industries. CXOs further added that sustained economic growth and development of the building & construction sector have increased the popularity of flashing tape.
Factors such as rise in population, increase in disposable income, growth in real estate sector across the globe, and government supports on the building and construction industry, have escalated the flashing tapes market. The flashing tapes have good adhesion property, thermally stable, waterproof, and resistant to heat due to which it is used in sealing of doors, windows, doors, and roofs, and also helps in improving the building envelope. These are the upcoming trends of flashing tape market in the world
Building and construction is the leading application of flashing tape market
Asia-Pacific is the largest regional market for flashing tape market
The global flashing tape market was valued at $2.0 billion in 2020, and is projected to reach $3.7 billion by 2030, growing at a CAGR of 6.5% from 2022 to 2031
Scapa Group, 3M Company, Asian Paints, Bostik, DuPont, H.B. Fuller, Henkel AG & Co., Nitto Denko Corporation and Saint-Gobain are the top companies to hold the market share in flashing tape market
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