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 behaviour, which, in turn, is likely to lead to an increase in the industry growth.
The Global Building and 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 Global Building and 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 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.
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Market Segmentation of Building and Construction Tapes Market:
The Global Building and Construction Tapes Market segmented on the basis of Product, Backing Material, Application, Function, End Use, Distribution Channel, and Region.
By Product:
Double Sided
Masking
Duct
By Backing Material:
PVC
PET
PP
PE
Foil
Paper
Foam
By Application:
Flooring
Walls & Ceilings
Windows
Doors
Roofing
Building Envelope
Electrical
HVAC
Plumbing
By Function:
Bonding
Barrier Protection
Insulation
Glazing
Soundproofing
Cable Management
By End-Use:
Residential
Commercial
Industrial
By Distribution Channel:
Direct
Third Party
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