The global buildingand construction tapes market size
is expected to reach USD 5.9 billion by 2025, according to a new report by
Grand View Research, Inc. The demand for thin filmic tapes with a plastic
backing material is primarily accounted for by use in transparent applications.
The use of such a backing material results in a high dissipation of stress due
to the superior viscoelastic behavior, which, in turn, is likely to lead to an
increase in the industry growth.
The industry is
distinguished by the presence of major manufacturers such as 3M, tesa, and
Nitto Denko among others. The players account for a significant share and are
involved in the production of superior products. In addition, high levels of
price differentiation incorporated by such manufacturers’ increases the
competitive rivalry among the players in the industry.
The industry is expected
to be affected by rising price volatility of crude oil, which leads to an
uncertainty in the prices of crude oil derived plastics and resins. In
addition, the overcapacity of plastic production in China is expected to affect
growth. High production levels of raw materials, such as acrylics and
high-density plastics, are expected to drive market over the forecast period.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/building-construction-tapes-market
Further key findings from the report suggest:
·
Masking tapes are expected to witness
lucrative gains and register a CAGR of 6.0% from 2017 to 2025 owing to superior
barrier properties coupled with high product adoption by consumers in
residential, commercial, and industrial buildings
·
Foil-based products are used extensively
for insulation and HVAC applications in the industry on account of superior
performance over a wide temperature range. The segment is expected to be valued
at USD 534.4 million by 2025.
·
The growing use of the product in the
mounting of windows and window panels on account of superior bond strength is
expected to drive the industry with the segment likely to denote a CAGR of 5.6%
from 2017 to 2025
·
Barrier protection was expected to reach a
market value of USD 1.72 billion by 2025 on account of increased use of the
product for paint protection for various constructions across the globe
·
North America accounted for revenue of USD
985.3 million in 2016 driven by the use of advanced material-based products for
heat insulation applications in the region, with the product finding high
penetration in the residential constructions
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has
segmented the building and construction tapes market on the basis of product,
backing material, application, function, end use, distribution channel, and
region:
Product Outlook (Volume, Million Square Meters; Revenue,
USD Million; 2014 - 2025)
·
Double Sided
·
Masking
·
Duct
·
Other
Backing Material Outlook (Volume, Million Square Meters;
Revenue; USD Million, 2014 - 2025)
·
PVC
·
PET
·
PP
·
PE
·
Foil
·
Paper
·
Foam
·
Others
Application Outlook (Volume, Million Square Meters;
Revenue; USD Million, 2014 - 2025)
·
Flooring
·
Walls & Ceilings
·
Windows
·
Doors
·
Roofing
·
Building Envelope
·
Electrical
·
HVAC
·
Plumbing
Function Outlook (Volume, Million Square Meters; Revenue,
USD Million; 2014 - 2025)
·
Bonding
·
Barrier Protection
·
Insulation
·
Glazing
·
Soundproofing
·
Cable Management
End-use Outlook (Volume, Million Square Meters; Revenue,
USD Million; 2014 - 2025)
·
Residential
·
Commercial
·
Industrial
Distribution Channel Outlook (Volume, Million Square
Meters; Revenue, USD Million, 2014 - 2025)
·
Direct
·
Third Party
Regional Outlook (Volume, Million Square Meters; Revenue,
USD Million; 2014 - 2025)
·
North America
o U.S.
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o India
o Japan
·
Central & South America
o Brazil
·
Middle East & Africa
View press
release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-building-construction-tapes-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
