Airtight Tape Market Size, Share, Growth, and Industry Analysis, By Type (Single-sided Adhesive Tape Double-sided Adhesive Tape, Others), By Application (Construction Industry, Automotive Industry, Electronics Industry and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Airtight Tape Market Report Overview

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The global airtight tape market size was USD 1754.6 million in 2022 and is projected to touch USD 2768.94 million by 2031, exhibiting a CAGR of 5.2% during the forecasting period.

Airtight waterproof tapes are adhesive tapes with exceptional waterproof and airtight performance for use in architecture. They are used at construction sites to fill up cracks in walls, ceilings, and flooring because they limit the entry of water, such as rainwater, into a building. They are used for many different purposes in addition to filling gaps, including repairing exterior walls, curing wires, strengthening waterproof tent seams, and many others

They are available in single-sided and double-sided adhesive varieties. Paint and adhesives can be put on top of single-sided sticky tapes with a non-woven polyester fabric backing. For lap siding, double-sided sticky tapes can be utilised. The qualities of airtight waterproof tapes vary based on the kind of adhesives used. For instance, acrylic adhesives are simple to cut by hand, while butyl rubber adhesives offer good weather resistance.

COVID-19 Impact: Standstill in International Trade to Hamper Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with surface tensiometer market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributed to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 outbreak has had a significant negative influence on the growth of Airtight Tape Market. The market of Airtight Tape has been impacted by the suspension of production and end-use sector operations. The epidemic has had an impact on the industry's overall growth. The sudden COVID-19 pandemic outbreak in 2020 and the beginning of 2021 had caused the introduction of strict lockdown laws across several nations, which had disrupted import and export activity of the Airtight Tapes market.

LATEST TRENDS

"New techniques can lead the Market Growth"

Historically, the strongest and most dependable joining techniques have been mechanical fastenings like nuts and bolts, screws and rivets, and mechanical interlocks. However, combining different surfaces is difficult since the material is prone to cracking from tensile stress under high pressure, which makes it unreliable and unattachable over the long run.  Airtight tapes are used in new ways to fix and fasten things after taking the place of conventional fastening methods. The difficulties of conventional attaching systems are eliminated by these tapes, which also lengthen the useful life of the product. Additionally, tapes improve product design while reducing noise and vibration, rust and corrosion, production time, and assembly time. These have been shown to boost effectiveness and performance while cutting down on labour and material expenses.

Airtight Tape Market Segmentation

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• By Type

Based on type; the market is divided into Single-sided Adhesive Tape, Double-sided Adhesive Tape and Others.

In terms of product, Single sided Adhesive tape type is the largest segment.

• By Application

Based on application; the market is divided into Construction Industry, Automotive Industry, Electronics Industry, Others.

In terms of application, Construction industry is the largest segment.

DRIVING FACTORS

"Airtight Tape usage is Expanding In a Wide Range of End-Use Sectors"

Packaging, masking, consumer & office, electrical & electronics, healthcare, automotive, white goods, paper & printing, building & construction, retail, and other end-use industries all recruit airtight tape. The market of airtight tape is anticipated to be driven by the expanding applications for airtight tape market.

The market for airtight tapes is expanding in the electrical and electronics sector due to the continued trend toward adopting flatter and micro-electronic devices.

"More Use in Healthcare Industries to Boost The Market Growth"

The airtight tape market growth is anticipated to widen at the fastest rate during the projected period. This expansion is explained by the population's geriatric trend and the rise in chronic illnesses. The global healthcare market is also being driven by demand for oral dissolvable films, transdermal drug delivery patches, and hydrophilic films for in vitro diagnostics. In areas like the Asia Pacific, South America, and the Middle East, the building and construction industry is also one of the end-use industries for airtight tape that is expanding. The market for these tapes is driven by their application in HVAC, glazing, abatement, and insulation in the building and construction sector.

RESTRAINING FACTORS

"Increasing Manufacturing Cost May Affect the Market "

Manufacturers of airtight tape must carefully weigh prices and the availability of raw materials to determine the cost structure of their goods. The basic materials used to make adhesive tapes include rubber, acrylic, silicone, paper, polypropylene (PP), polyvinyl chloride (PVC), adhesives, and release liners. Most of these raw materials are derivatives of petroleum that are susceptible to changes in commodity prices. Due to rising global demand and upheaval in the Middle East, oil prices have been quite volatile in the past. The airtight tape market's expansion is impacted by the unpredictability and changes in feedstock prices and availability.

Due to increasing manufacturing costs brought on by higher energy expenses, the market for airtight tape has been impacted. The rise in raw material prices is being driven by the steadily rising global demand for chemicals as well as capacity limitations in the supply of these key chemicals and resin feedstock. The price of raw materials has grown as a result of the supply limitations of monomers used to create adhesive raw materials, such as piperylene and C9 monomers.

Airtight Tape Market Regional Insights

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The airtight tape market is anticipated to be dominated by North America. In the U.S., major manufacturing industries like consumer goods and healthcare firms are present and use airtight tape more frequently.

KEY INDUSTRY PLAYERS

The study offers a thorough overview of the analysis of the main surface Airtight tape market elements, including sales growth, pricing analysis, and shifting regional market growth drivers, in addition to sales value, sales volume, market revenue, and demand size. The research discusses the market participants and their unique roles within the sector. Through appropriate research, mergers, technological development, expanding production facilities, and collaboration, data is being gathered and made available. Information about producers, locations, types, applications, sales channels, and distributors is included in the study on materials.

List of Market Players Profiled

•  Nitto (Japan)
• Den Braven (Nertherlands)
• Airstop (Belgium)
• SIGA Tapes (North America)
• A. Proctor (Blairgowrie)
• Gerlinger Group (Germany)
• Mitsubishi Chemical (Japan)
• ISO-Chemie (Germany)
• Pro Clima (Germany)
• Hanno (Germany)
• Scapa (U.S.)
• Tesa (Germany)
• Tremco-Illbruck (U.S.)
• Cotran (U.S.)

REPORT COVERAGE

The report helps in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns and so on. Includes a chapter on the impact of covid-19 pandemic on the market. The data is further compiled & validated through various market estimation & data validation methodologies. The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The report also provides information about the top-winning strategies implemented by industry players.