Infinium Global Research’s recent report on the “Global Construction Adhesive Tapes Market ((By Technology (Rubber resin, Solvent-based, Hot-melt, and Other) By Application (Residential, Commercial, Infrastructure, and Industrial and Institutional) Global Industry Analysis, Trends, Market Size & Forecasts to 2028” provides a comprehensive outline of the factors responsible for the growth of the market. The Global Construction Adhesive Tapes Market was valued at around USD 2400 Million in 2022 and is expected to reach nearly USD 3200 Million in 2028, with a CAGR of about 5% during the forecast period.
To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/reports/sample-request/40536
"We are Now Including the Impact Analysis of COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2023-2030."
The Section on the Impact of COVID-19 on this Market is Included in the Report for Free
Safety and Simple Applications Provided by Construction Adhesive Tapes are Enhancing the Market Growth
The Construction Adhesive tapes are an amalgamation of an adhesive film and base material that's employed to lock and bond two objects together rather than using welding or bolts. Construction adhesive tapes reduce vibration and act as corrosion inhibitors and also join two dissimilar or similar materials. Safety and simple application provided by construction adhesive tapes are enhancing the market growth. Construction tapes are extensively utilized for prime temperature and performance applications on the positioning. The fast sticking ability and sturdiness in harsh environmental conditions are some factors that have enhanced the expansion of the construction Adhesive Tapes Market during the forecast period.
The outbreak of covid-19 had negative effects on the Construction Adhesive Tapes Market during the forecast period. The COVID-19 disaster has decreased the supply of chemicals and the required material such as glue and others have stopped the manufacturing of construction adhesive tapes during the pandemic period. Furthermore, decreased sales and revenue of the companies restrained the market growth during the covid-19 pandemic within the forecast period.
The Solvent-based Technology Segment is Expected to Dominate the Market
The Global Construction Adhesive Tapes Market is bifurcated By Technology and Application. By Technology, the segment is further bifurcated into Rubber resin, Solvent-based, Hot-melt, and others. The solvent-based technology segment is anticipated to dominate the market growth during the forecast period. The solvent-based technology involves the utilization of significantly higher levels of solvents. Solvent-based adhesives tapes also are called oil-based or alkyd adhesives tapes. In this technology, the adhesives are formulated by using solvents that get resolved in the air during drying and are majorly circulated back to the method. Methyl ethyl ketone, toluene, heptane, mineral spirits chloride, naphtha, acetone, and n-butyl acetate, are a number of the common solvents used for the manufacture of adhesive tapes.
Enquire Here Get Customization & Check a Discount for Report @ https://www.infiniumglobalresearch.com/reports/customization/40536
The Asia Pacific Region is Expected to be the Fastest Growing Region in the Global Construction Adhesive Tapes Market
The Global Construction Adhesive Tapes Market is segmented into the Asia Pacific, North America, Europe, the Middle East & Africa, and South America. The Asia Pacific is projected to be the fastest-growing region in Construction Adhesive Tapes Market. The growth of the market is attributed to the influencing demand from the construction sector in China, India, and other Southeast Asian countries. The high population growth and increasing development of smart cities in developing countries enhance the growth of the construction adhesives tapes market during the forecast period. The government of China progressively relaxed real estate guidelines, credit obtainability, and purchase norms this highly influenced the growth of the Asia Pacific region during the forecast period.
Key Players Focus to Increase the Production Capacity by Collaborating with Other Companies
The Global Construction Adhesive Tapes Market is intensely competitive with several multinational and local players. The major players are 3M (US), Nitto Denko Corporation (Japan), Scapa Group Ltd (UK), Tesa SE (Germany), Inter tape Polymer Group (Canada), Beery Global Inc. (US), Nichiban Co. Ltd. (Japan), Sika AG (Switzerland), Avery Dennison Corporation (US), Lohmann GmbH (Germany), and several others are constantly focusing on developing products to gain a competitive edge in the market. The companies are applying various market strategies to sustain the market during the forecast period.
For instance, in February 2020, Henkel Adhesives Germany-based Company invested EUR 500 million in its manufacturing unit in Kurkumbh near Pune. Infinium Global Research’s recent report on the Global Construction Adhesive Tapes Market is an encompassment of such recent developments in the marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the Global Construction Adhesive Tapes Market and also estimates the impact of recent developments in the market.
Place a Purchase Order to Buy a Complete Copy of this Report Enquire Here: https://www.infiniumglobalresearch.com/reports/enquiry/40536
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of Construction Adhesive Tapes.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2028.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand and/or diversify.
No comments:
Post a Comment