Flashing Tape Market to Reach $4.6 billion, Globally, by 2033 at 6.9% CAGR: Allied Market Research

News provided by

Aug 28, 2024, 00:06 ET

The flashing tape market is driven by the rapid growth in the global construction industry, particularly in emerging economies such as China, India, and Mexico, where increasing investments in infrastructure development have heightened the demand for effective sealing and waterproofing solutions. Additionally, the rising focus on energy-efficient buildings and the growing awareness of the importance of protecting structures from water and air infiltration have further propelled the use of flashing tapes.

Wilmington, Del., Aug. 28, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Flashing Tape Market by Adhesive Type (Silicone, Acrylic, Butyl Rubber, Rubberized Asphalt, and Others), Substrate Type (Plastic, Metals, Rubber, and Others), and End-use Industry (Automotive, Building and Construction, Healthcare, Packaging, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the flashing tape market was valued at $2.4 billion in 2023, and is estimated to reach $4.6 billion by 2033, growing at a CAGR of 6.9% from 2024 to 2033.

The flashing tape market is growing due to increased investments in building infrastructure in countries such as the U.S., China, Japan, Mexico, and India, where it is widely used for flooring, wall mounting, and roofing. The automotive and transportation sectors also drive demand, as flashing tape is essential for UV and moisture protection in various components. However, market growth is hindered by a lack of awareness about the benefits of flashing tape, strict regulations on plastic-based products, and price fluctuations. On the positive side, the rising demand for eco-friendly products has boosted the popularity of high-solid flashing tapes, which have low or no VOC emissions, dry quickly, and offer good adhesion. These features make them a preferred choice in many applications, creating new market opportunities.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A17438

Report coverage & details:

Report Coverage	Details
Forecast Period	2024–2033
Base Year	2023
Market Size in 2023	$2.4 Billion
Market Size in 2033	$4.6 Billion
CAGR	6.9 %
No. of Pages in Report	386
Segments Covered	Adhesive Type, Substrate Type, End use Industry, Application, and Region.
Drivers	Growth in the construction industry Surge in renovation and retrofitting activities
Opportunities	Rise in awareness for eco-friendly products
Restraints	Lack of awareness among people regarding the benefits and usage of flashing tape

The butyl rubber segment is expected to grow faster throughout the forecast period.

By adhesive type, the butyl rubber segment was the highest revenue contributor to the market growing with a CAGR of 6.7%. Rubber-based flashing tape is widely used across the globe as it has a simple application process, it self-seals, has high adhesion properties in both cold and hot temperature range, and is waterproof. In addition, there is a growing preference for premium-quality and luxury furniture products among consumers. In this context, rubber-based flashing tape is widely preferred for its ability to make metal surfaces resistant to impact, abrasion, and water. This type of tape provides durability and protection, ensuring that furniture made with metal components maintains its quality and appearance over time.

The others segment is expected to lead throughout the forecast period.

By substrate type, the others segment was the highest revenue contributor to the market growing with a CAGR of 6.5%. The other applications of flashing tape include electrical & electronics, marine, aerospace, and others. Flashing tape is essential for protecting electrical connections and wires from moisture and environmental factors, preventing short circuits, and enhancing system longevity. In electronics, it shields sensitive components from electromagnetic and radio frequency interference, improving device reliability. In the marine industry, flashing tape seals joints, seams, and fittings on boats, preventing water ingress and corrosion, thereby extending the lifespan of vessels. In aerospace, it is used for sealing and insulating components, protecting them from environmental factors and vibrations.

Procure Complete Report (300 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/flashing-tape-market

The building and construction segment is expected to lead throughout the forecast period.

By end use industry, the building and construction segment was the highest revenue contributor to the market at a CAGR of 7.2%. Flashing tapes are used over concrete floors in various residential and commercial buildings and construction sites such as hotels, hospitals, homes, flats, warehouses, hospitals, showrooms, garages, and offices, for protecting pipelines and sealing warehouse floors. In addition, it protects concrete surfaces, strengthens materials, and protects metal infrastructures from UV, moisture, air, and decay.

Asia-Pacific to maintain its dominance by 2033.

Asia-Pacific was the highest revenue contributor, growing at a CAGR of 7.2%. The use of flashing tape in sectors such as consumer electrical & electronics, automotive, packaging, building & construction, industrial, and others, is the major key market trend in the Asia-Pacific region. In addition, countries such as India and Australia are constantly engaged in building highways and high-speed railway tracks, which in turn has led the automotive sector to witness a significant growth.

Want to Access the Statistical Data and Graphs, Key Players' Strategies: https://www.alliedmarketresearch.com/flashing-tape-market/purchase-options

Players: -

Bostik
DuPont
H.B. Fuller
Henkel AG & Co.
Isoltema Group
Jining Xunda Pipe Coating Materials Co. Ltd.
Nitto Denko Corporation
Omega Rubber Industries
Saint-Gobain

The report provides a detailed analysis of these key players in the global flashing tape market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Similar Reports:

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
[email protected]
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Blog: https://www.newsguards.com/
Follow Us on | Facebook | LinkedIn | YouTube |