Flashing Tape Market Size, Share & Analysis | Forecast 2031

Report Description

The global flashing tape market size was USD 2.1 Bn in 2022 and is likely to reach USD 3.6 Bn by 2031, expanding at a CAGR of 6.7% during 2023–2031. The market is driven by the rising demand for flashing tapes in building and construction activities, electronics manufacturing, and automotive assembly operations. 

Rising adoption of flashing tapes in different industries such as automotive, packaging, electronics, and healthcare, due to their moisture protection, flexibility, and UV-resistant characteristics, is one of the major drivers of the market. Furthermore, these tapes are used while assembling automotive parts such as engine components, under-hood parts, and storage & cargo vessels. Thus, versatile applications are likely to propel the sales of the flashing tapes market.

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Flashing tapes have high demand in construction projects, as they help in the prevention of water penetration and complications of mold & mildew. Thus, it is beneficial to use these tapes to maintain the integral structure of the walls and substrates. Furthermore, growing product variations and technological advancements in tape production by the key manufacturers help in creating various opportunities in the market and reduce the production cost, thus, directly increasing product sales.

Flashing tapes are available in different thicknesses, widths, and lengths and are made of a base material such as aluminum foil, polyethylene, and adhesive.  Flashing tape types include aluminum flashing tape, butyl rubber flashing tape, and bitumen tape, among others. These product variations and the use of technological advancements, improve the existing flashing tape manufacturing scenario, which is expected to support the market growth in the coming years.

The market report finds that the COVID-19 pandemic affected the flashing tapes market, owing to a slowdown in demand from various end-use industries. The lockdowns and public movement regulations across worldwide nations hampered the transportation of raw materials used by flashing tape manufacturers.

The global pandemic led to a sudden disruption in the supply chain and a lack of workers in the factories as governments across the globe imposed strict social distancing norms. Major construction companies had to postpone and reschedule their big-scale projects due to a lack of raw materials, which further limited the growth of the market.

Flashing Tape Market Dynamics

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Major Drivers

Growing use of flashing tapes during construction activities to provide an added layer of protection for rough openings is driving the market. Flashing tapes are commonly used during the installation process of doors and windows as it helps to cover the remaining gaps and openings. It helps prevent water penetration and offers an extra layer of protection from UV rays.

Flashing tapes are used as an exterior and interior protection layer on mounting walls, flooring, and roofing. The use of these tapes is increasing as they act as a barrier between wood and metal. These tapes prevent moisture penetration and eliminate splitting from the freeze. With the growing construction activities in developing countries, the demand for flashing tapes is growing which is expected to boost the market revenue in the coming years.
 

Existing Restraints

A lack of awareness about product usage is expected to negatively affect the market. High costs and strict regulations with using flashing tapes are expected to restrain the market. Moreover, the lack of product standardization is anticipated to hamper the market during the forecast period.

Emerging Opportunities

The rising popularity of eco-friendly flashing tapes with features such as less or no volatile organic compounds (VOCs) is projected to create numerous opportunities. Additionally, features such as better adhesion, quick drying, and easy application increase product demand across various end-use industries, thus creating market growth opportunities.

Scope of Flashing Tape Market Report

The report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Flashing Tape Market Segment Insights

Based on adhesive type, the flashing tape market is divided into acrylic, butyl rubber, silicone, and others. The acrylic segment is expected to expand at a significant growth rate during the projection period, as it possesses strength, optical clarity, and elasticity. Acrylic tapes are used in flashing tapes as it has properties such as resistance to heat and UV sunlight which are better than silicon and butyl.

The increasing use of acrylic adhesive flashing tape in numerous end-use industries especially the automotive sector for bonding exterior vehicle components such as frameworks, doors, and panels is driving the segment. These tapes can be used in extreme cold and high-temperature environments; thus, they are used in upgrading fighter jets which further aids in driving the market

The butyl rubber segment is expected to register a considerable CAGR during the forecast period owing to the growing use of rubberized butyl for flashing tapes. It is widely used as it provides a protective barrier against moisture and condensation. It is widely used on wood, polyethylene, PVC, and aluminum.

On the basis of product type, the global market is segregated into non-adhesive, self-adhesive, and others. The self-adhesive segment is projected to register a considerable CAGR during the forecast period, as it is cost-effective. These tapes are easy to apply and do not require any external support in adhering to the substrate.

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Based on substrate type, the flashing tape market is segmented into metal, rubber, plastic, and others. The metal segment is expected to register a robust growth rate during the projection period, as flashing tapes are used on metal chimneys, door openings, and other metal surfaces. Metal-based flashing tape is widely used in auto components, renewable energy infrastructure, and electric vehicles where metal is a majorly used substrate, this fuels the segment.

On the basis of end-user, the market is categorized into healthcare, automotive, packaging, electronics, construction, and others. The construction segment is expected to grow at a significant rate during the projection period. Roof flashing tape is used for roofs and floors in various buildings and constructions including hospitals, showrooms, homes, hotels, offices, and shops. They are used in sealing and protecting pipelines and warehouse floors. Developing countries such as India and China are growing populations and have a high demand for construction activities and increasing government investments in housing and the development of towns. This increases product demand.

• For instance, International Trade Administration (ITA) reports that China’s construction sector is anticipated to grow at an average annual rate of 8.6% in the period of 2022 to 2030.

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In terms of region, the global flashing tape market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the forecast period, due to the presence of many developing economies in the region such as India and China.

The demand for flashing tapes is expected to grow in the region with the ongoing rapid urbanization and construction activities in emerging economies such as India, China, and Japan. With rapid globalization, the automotive sector is growing rapidly, and with companies focusing on launching advanced adhesive materials for better results, the demand for flashing tapes is going to increase in the region during the forecast period.

North America is projected to contribute to the market revenue generation during the projection period, due to the presence of key flashing tape manufacturers. Additionally, high product demand in the region from various industries including the automotive and construction sectors is further anticipated to fuel the market in the region.

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