Joint Tape Market

Insights revealed by a recent study on the Joint Tape market portray substantial gains, with the market expected to grow at around CAGR of 4% to 5% during the period 2021 to 2031. Joint tape, also commonly known as Drywall tape, is a rugged paper tape designed to cover seams in drywall.

The best tape is not "self-stick" but is held in place with drywall joint compound. It is designed to be very durable, resistant to tearing and water damage, and has a slightly rough surface to provide maximum adhesion to drywall compound.

Joint tapes are used in residential, commercial, and industrial buildings for bonding and mounting components on doors and windows, decorative trims or wall coverings, panels to frames, and protective bumper rails to furniture and walls. These products are used as carpet, duct, double-sided, UV resistant, and masking tapes.

Increasing production of paper and bioplastic based adhesive tape backing-which is considered to be stable, safe, and ecofriendly-is likely to gain popularity, owing to rising awareness regarding environmentally safe products. In addition, the use of advanced products such as silicone-based resins in coating formulation is likely to augment market growth in the forthcoming years.

The primary raw materials used for the production of building and construction tapes include polyvinyl chloride, polypropylene, acrylic, styrene-butadiene rubber, plastics, and paper. The volatility in the prices of crude oil has a direct impact on the costs of the aforementioned raw materials, resulting in price fluctuation of the final product, thereby restraining market growth.

The demand for building and construction tapes in walls and ceilings is growing. In addition, changing consumer trends coupled with rapid growth in the construction industry in Asia Pacific is expected to drive the segment growth.

Rising demand for adhesive tapes for mounting for window panels and sealing gaps in the window and door panels is expected to augment the product demand over the forecast period. Furthermore, the roofing tapes are used to provide sealing and waterproofing applications on account of its superior barrier properties, positively impacting the market growth.

The electrical tapes are extensively used in the building and construction industry to provide superior insulation. The rising demand for such products in HVAC installation, coupled with the growth in the commercial and industrial constructions in Asia Pacific-wherein such systems are predominantly deployed-is expected to drive the growth over the forecast period.

Increasing demand for specialized products in plumbing on account of superior sealing provided by the product is expected to drive demand over the forecast period. Furthermore, rising penetration of high strength products in the plumbing application on account of the high-performance requirements is expected to have a positive impact on the market growth over the forecast period.

The demand for joint tapes in the U.S. is expected to witness growth over the forecast period on account of the growth of the home refurbishing market. In addition, the demand for lightweight materials is likely to gain impetus owing to the increased adoption of such products for bonding and protection. Furthermore, the market is anticipated to be driven by the introduction of advanced products by manufacturers in the country.

Increased demand for taping materials in the developed economies, such as Germany and the U.S. for various applications in the residential sector, is likely to drive the demand for building and construction tapes. In addition, rising awareness regarding the superior aesthetic appeal provided of these products, coupled with the ease of building refurbishing, is expected to complement growth over the forecast period.

Asia Pacific is projected to witness an increased demand for foam backing material owing to its increased use in double-sided products, extensively used in various building applications. High volume growth has been noted for PVC backing material on account of its properties, such as resistance to heat and dimensional stability, which also contributes to its increased usage in the growing construction industry in this region.

The rising demand for joint tapes in Japan can be attributed to the reconstruction of existing facilities owing to the upcoming sporting events. The product demand due to the increasing investments in infrastructure, healthcare, housing construction, and educational institutions.

Some of the leading manufacturers and suppliers of Joint Tape include

• 3M
• Tesa SE
• Avery Dennison Corporation
• Saint-Gobain
• Henkel AG & Co. KGaA
• DuPont
• Shurtape Technologies LLC.
• Others.

Some of the manufacturers provide the tape products as well as other key products of the ecosystem including joint compound and drywall plasterboards, thus covering the entire value chain of the product.

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• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
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• Potential and niche segments, geographical regions exhibiting promising growth
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NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.