Nitto Denko Corporation (Japan) and SWM International are Leading Players in the Construction Adhesive Tapes Market
The global construction adhesive tapes market size was valued at approximately USD 2.7 Billion in 2022 and is expected to reach USD 3.6 Billion by 2028, projecting a CAGR of 5.7% during the forecast period between 2023 and 2028. Adhesive tape refers to any material that effectively binds items together by adhering to surfaces, preventing easy separation. Adhesive tapes are widely used in the construction industry, especially in building and construction, where they constitute an essential component. These tapes are used in many different applications, including insulation, dry lamination, HVAC, windows, doors, wall coverings, flooring, and more. They greatly contribute to the construction sector by playing a crucial part in bonding, remodeling, maintenance, and repair across a variety of categories, including residential, non-residential, and infrastructure.
Prominent players, include 3M (US), Nitto Denko Corporation (Japan), Tesa SE (Germany), Scapa Group Ltd (UK), Intertape Polymer Group (Canada), Beery Global Inc. (US), Nichiban Co., Ltd. (Japan), and Sika AG (Switzerland). These market leaders have strategically prioritized growth efforts like mergers and acquisitions, collaborations, expansions, investments, and divestitures to help them expand into previously undiscovered and attractive markets.
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Nitto Denko Corporation
Nitto Denko Corporation is a worldwide provider of a wide range of adhesive tapes that are used in many different sectors. The company is widely acknowledged for its innovative work in the field of pressure-sensitive adhesives, and it specializes in developing a variety of new products and technology. Its product line is divided into four main business segments: life science, industrial tape, optronics, and others. The company focuses in providing adhesive tapes for construction within the industrial tape industry. Nitto Denko Corporation has made a strong mark for itself throughout Japan, the Americas, the Middle East, Africa, East Asia, Southeast Asia, and Oceania thanks to a strong supply chain network. The company is focused on R&D and product development to increase the market share. For instance, the company launched a new product in May 2023, with the brand name of PlanetFlags, which is a bio-based adhesive tape.
SWM International
SWM International, a prominent player in advanced materials and specialty papers, made a significant stride in its expansion strategy by acquiring Scapa Group, a renowned supplier of bonding solutions and adhesive components. SWM International acquired Scapa Groups in April 2021 and with this acquisition, SWM was able to expand its global reach and strengthen its portfolio of high-value solutions, which was a turning point in the company's history. By incorporating Scapa's knowledge of adhesive-based goods into the consumer, industrial, and healthcare sectors, SWM strengthened its position as a one-stop shop for cutting-edge solutions. Together, SWM International and Scapa not only pooled their technological expertise but also reaffirmed their dedication to providing consumers around the globe with unmatched quality and service.
Related Reports:
Construction Adhesive Tapes Market by Technology, Resin Type, Application, End-Use Industry (Non-Residential, Residential), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) - Global Forecast to 2028
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