The global building and construction tapes market size is anticipated to reach USD 6.13 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to exhibit a CAGR of 4.5% during the forecast period. Increasing penetration of eco-friendly bonding solutions in North America and Europe is projected to have a positive impact on market growth.
The changing consumer trends regarding masking tape usage in the construction industry owing to its properties, such as improved moisture resistance, instant adhesion, and better conformability is likely to complement growth. In addition, properties, such as easy repair and maintenance are expected to propel the product demand.
The use of adhesive tapes in building and construction industry is regulated by national level agencies across Europe and North America. The advanced products are used in the regions comply with requirements listed by contractors and building engineers. In addition, companies in the market are involved in the production of advanced tape solutions to provide advanced products with increased functionality.
Major players, such as 3M and tesa SE are involved in manufacturing improved quality adhesive tapes exhibiting superior bond strength and resistance to wear and tear. In addition, changing preference of manufacturers for supplying products in regions characterized by instability in the business environment is likely to augment the building and construction tapes market growth.
Browse Full Report (Tables & Figures) @ https://www.grandviewresearch.com/industry-analysis/building-construction-tapes-market
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