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 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 deri