Construction Adhesive Tape Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Application (Tile Installation, Wallpapers, Carpet Laying, Others), By Technology (Water-Based, Solvent-Based, Hot-Melt, Reactive, Others), By End-User (Residential, Commercial, Infrastructure, Industrial And Institutional), And By Geography - Forecasts From 2022 To 2027

Published:  Mar 2022 Report Code: KSI061612228 Pages: 125

The construction adhesive tape market is evaluated at US$762.665 million for the year 2020, growing at a CAGR of 4.91% to reach a market size of US$1,066.730 million by the year 2027.

Adhesives are synthetic compounds that are used to adhere to things ranging from common household items to construction materials. These are the materials that are utilized to firmly hold two surfaces together for an extended period of time. It is a carefully manufactured mixture of synthetic rubber and resins, inorganic fillers, colouring, and preservation components contained in a specially selected combination of organic solvents meant to be compatible with and attach strongly to the majority of conventional building materials. Plywood, particleboard, hardboard, ornamental laminates, metals, concrete, and other materials are all bonded with construction glue.

The market's expansion can be attributed to adhesives' substantial benefits over alternative bonding materials. Adhesives offer bonded surfaces flexibility, distribute stress evenly across the joint, and are particularly cost-effective. Residential building construction is projected to increase, boosting industry growth. Permanent houses are being developed on a large scale by both government and private builders to meet the growing need for housing, which necessitates adhesive for flooring, exterior insulation, and panel installation, among other things. As a result, the marketplace is likely to develop. Furthermore, the provision of a variety of adhesives tailored to the needs of the construction process is expected to boost market growth. Environmental rules relating to emissions, on the other hand, are likely to limit market expansion.

The market has been segmented by application into tile installation, wallpaper, carpet laying, and others, with the tile installation segment expected to hold a significant share in the global construction adhesives market over the forecast period due to rising residential construction, where tiles are widely used for flooring.

The residential segment has dominated the end-user industry in the construction adhesive market, attributable to both new home construction and strong residential remodelling and repair activities. In the United States, for example, residential development is predicted to increase in the next few years. Furthermore, remodelling and repair operations in the country have been continuously expanding, owing to rising buyer investments in house upgrades, mostly as a result of rising new home prices. Continuous investments in the residential sector are projected to boost the growth of the construction adhesives market.

Due to high demand from the building sector in India, China, and other Southeast Asian countries, the Asia-Pacific region accounted for the largest market for construction adhesives. In terms of construction investment, the development of 100 smart cities in nations like India and government programs like Housing for All by 2022 is likely to exceed both the United States and Europe during the next five years. The Middle East area also features one of the world's fastest-growing construction markets, with Saudi Arabia and the United Arab Emirates leading the way. The construction adhesives market in the region is likely to be driven by this favourable outlook through 2027.

COVID-19 Impact on Construction Adhesive Tape Market

The building industry has been seriously impacted worldwide, as most construction activities have come to a standstill with the outbreak of the epidemic. Aside from that, due to the suspension in operations, other orders for building materials, including adhesives, were cancelled. Furthermore, due to trade and transportation restrictions between countries, the upstream supply chain of construction adhesives was damaged, since companies had difficulty obtaining raw materials such as glue and other chemicals from other companies.

Recent Development

Henkel Adhesives, located in Germany, committed roughly EUR 500 million to its latest manufacturing unit in Kurkumbh, near Pune, in February 2020. This glue can be used in both automotive and manufacturing projects.

Construction Adhesive Tape Market Scope:

Report Metric Details
 Market size value in 2020  US$762.665 million
 Market size value in 2027  US$1,066.730 million
 Growth Rate  CAGR of 4.91% from 2020 to 2027
 Base year  2020
 Forecast period  2022–2027
 Forecast Unit (Value)  USD Million
 Segments covered  Application, Technology, End-User, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered 3M, Arkema Group, Ashland Inc., Avery Dennison Corp., DowDuPont, Wacker Chemie AG, Franklin International, Henkel, Permabond, The Gorilla Glue Company, Ardex, MAPEI, Others
 Customization scope  Free report customization with purchase

 

Segmentation

  • By Application
    • Tile installation
    • Wallpapers
    • Carpet laying
    • Others
  • By Technology
    • Water-based
    • Solvent-based
    • Hot-melt
    • Reactive
    • Other
  • By End-User
    • Residential
    • Commercial
    • Infrastructure
    • Industrial and Institutional
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Indonesia
      • Thailand
      • Taiwan
      • Others

Frequently Asked Questions (FAQs)

Q1. What is the size of the global construction adhesive tape market?
A1. Construction Adhesive Tape Market was valued at US$762.665 million in the year 2020.


Q2. What will be the construction adhesive tape market size by 2027?
A2. The global construction adhesive tape market is projected to reach a market size of US$1,066.730 million by 2027.


Q3. What are the growth prospects for the construction adhesive tape market?
A3. The construction adhesive tape market is projected to grow at a CAGR of 4.91% over the six years.


Q4. What factors are anticipated to drive the construction adhesive tape market growth?
A4. The construction adhesive tape market growth can be attributed to adhesives' substantial benefits over alternative bonding materials. 


Q5. Which region holds the maximum market share in the construction adhesive tape market?
A5. The Asia Pacific region is expected to hold the largest share in the construction adhesive tape market due to high demand from the building sector in India, China, and other Southeast Asian countries.

1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of End-Users
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Construction Adhesive Tape Market Analysis, by Technology
5.1. Introduction
5.2. Tile installation
5.3. Wallpapers
5.4. Carpet laying
5.5. Others 

6. Construction Adhesive Tape Market Analysis, by Technology
6.1. Introduction 
6.2. Water-based
6.3. Solvent-based
6.4. Hot-melt
6.5. Reactive
6.6. Other

7. Construction Adhesive Tape Market Analysis, by End-User
7.1. Introduction
7.2. Residential
7.3. Commercial
7.4. Infrastructure
7.5.  Industrial and Institutional

8. Construction Adhesive market Analysis, by Geography
8.1. Introduction
8.2. North America
8.2.1. USA
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. United Kingdom
8.4.2. Germany
8.4.3. France
8.4.4. Italy
8.4.5. Others
8.5. The Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. Israel
8.5.3. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. Japan
8.6.3. India
8.6.4. South Korea
8.6.5. Indonesia
8.6.6. Thailand
8.6.7. Taiwan
8.6.8. Others 

9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix

10. Company Profiles 
10.1. 3M
10.2. Arkema Group (Bostik SA)
10.3. Ashland Inc.
10.4. Avery Dennison Corp.
10.5. DowDuPont
10.6. Wacker Chemie AG
10.7. Franklin International
10.8. Henkel
10.9. Permabond
10.10. The Gorilla Glue Company
10.11. Ardex
10.12. MAPEI
10.13. Others

3M

Arkema Group

Ashland Inc.

Avery Dennison Corp.

DowDuPont

Wacker Chemie AG

Franklin International

Henkel

Permabond

The Gorilla Glue Company

Ardex

MAPEI

Others

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