Growing Construction Activities to Fuel the Construction Adhesive Tape Market
The construction adhesive tape market size was valued at US$762.665 million in 2020 and is anticipated to increase at a Compound Annual Growth Rate of 4.91% over the predictive period to reach US$1,066.730 billion by 2027. Adhesive tapes provide several advantages, including adaptability and simplicity of application, safety, and convenience in the construction industry. Construction adhesive tapes attach two similar or different materials, while also decreasing vibration and preventing corrosive damage to walls and building equipment. Adhesive tapes that cure rapidly are in high demand, due to their simplicity in application and inexpensive nature. Owing to the presence of large-scale private investments and rising government spending, particularly in emerging countries, the construction industry has been rapidly growing in demand, resulting in steady growth for the construction adhesive tape market.
Uses of Construction Adhesive Tapes
Roofing and Gutters: – Construction tapes are utilized for roofing and gutters in activities such as patching, sealing, weatherproofing, temporary masking, splicing, binding, and other related activities.
Windows & Doors: – Construction tapes are used in waterproofing and masking windows, decks, and doors in houses and commercial infrastructure.
HVAC & Plumbing: – Construction adhesive tapes are used to provide insulation and sealing for HVAC units and plumbing structures.
Flooring: – These adhesive tapes are used for floor protection, carpet installation, and other related activities
Framing Structures: – Construction adhesives tapes are also used to hold and insulate temporary building structures such as construction framings.
Electrical: – Adhesive tapes are also used for electrical maintenance and wiring solutions.
Development in Construction Adhesive Tape Market
Intertape Polymer Group Inc, a leading tape and filmmaker, has introduced PEFR, a new flame retardant polyethylene (PE) tape in a press release dated 17th May 2021. PEFR polyethylene tape is a heavy-duty tape that is perfect for healthcare institutions, institutional buildings, labs, shipyards, and construction sites where flame-retardant materials are required to offer a crucial layer of fire protection. It's perfect for abatement, surface protection, the preservation of heavy equipment, and long-term storage. PEFR's strong rubber adhesive is designed to build a flexible, watertight seal while also adding a layer of fire and flame resistance for surface protection and fabrics.
The Core Series Portfolio Tape Selection app has been released by Avery Dennison Performance Tapes in a news release dated 23rd May 2022. The app is designed to help converters and their clients quickly select the adhesive technologies from Avery Dennison Performance Tapes that are most suited for their needs. The Core Series Tape Selection App allows customers to digitally browse the Core Series Portfolio, which includes various automotive, construction, and other industrial adhesive technology categories, to choose the optimal tape construction for their application. The Tape Selector App provides converters with the crucial information they need to properly quote their clients' projects in a four-step procedure. Users may request product samples, prices, and meetings straight from the app, in addition to receiving product suggestions.
As announced by Tesa SE on 25th January 2022, the group invested €55 million (US$58.9 million) in a 70,000 square meter plant to create a new production facility in the Vietnamese port of Haiphong. Every year, Tesa plans to produce about 40 million square meters of adhesive tape from this facility. The organization plans to strengthen its local presence and reduce customer and supplier channels.
Products in the Construction Adhesive Tape Market
DuPontTM Flashing Tape is a self-adhered flashing tape comprised of polypropylene film with a butyl rubber adhesive backing that has higher durability. DuPontTM Flashing Tape helps form a robust barrier against water infiltration around the heads and jambs of rectangular windows and doors. DuPontTM Flashing Tape helps prevent air leakage in addition to bulk water holdout.
Mactac Industrial Tapes provide solvent-free acrylic tapes to offer superior bonding on challenging low-surface energy substrates. Mactac's high-performance, 100-percent solids acrylic adhesive technology – LSE427 – is featured in LSE427 Acrylic Tapes. On LSE substrates, such as thermoplastic polyolefin (TPO), high-density polyethylene (HDPE), low-density polyethylene (LDPE), polypropylene, and most foam materials, including open- and closed-cell foam structures, the aggressive adhesive operates particularly well.
The Pro® 500B, is a fabric-based tape with a powerful natural rubber adhesive on both sides. The Pro® 500B is intended for usage in the convention sector as well as general aviation manufacturing and construction. General mounting and holding may also be done with the Pro® 500B.
Asia Pacific Region to Lead the Market
The Asia Pacific market has been reported to have the largest market share in the laminating adhesive market. Owing to the increasing demand for construction activities in the Asia Pacific region, the market has reported a positive demand. The rapid industrial development and urbanization in the region have resulted in tremendous growth for the construction industry. Countries like China and India have reported a significant growth in construction activities in the region, owing to the rising economical development and growing disposable income among people. Furthermore, the region's growing population has created several potential prospects for the industry, and with increased government assistance in the region, the industry is expected to expand much further.
The COVID-19 outbreak caused a worldwide economic slowdown. The introduction of lockdown restrictions in most major countries resulted in significant losses for most major enterprises. The adhesive tape market suffered enormous losses as a result of the closure of construction and other major industries. Key production and supply lines were affected as a result of the outbreak, resulting in a drop in demand for the construction adhesive sector. In addition, a scarcity of labor and raw materials hampered market output.
However, the market has been reported to be rebounding, since most countries have begun to relax their lockdown policies. Moreover, market demand is likely to rise as demand for construction activities rises. Furthermore, the market is predicted to rise due to the growing demand for construction adhesive tapes in key industrial and commercial industries.