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New Analysis from Global Industry Analysts Reveals Steady Growth for Building and Construction Tapes, with the Market to Reach $5 6 Billion Worldwide by 2026
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Amid the COVID-19 crisis, the global market for Building and Construction Tapes estimated at US$4.3 Billion in the year 2020, is projected to reach a revised size of US$5.8 Billion by 2027, growing at a CAGR of 4.4% over the analysis period 2020-2027.
Double-Sided Tapes, one of the segments analyzed in the report, is projected to record a 4.1% CAGR and reach US$2.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Masking Tapes segment is readjusted to a revised 4.8% CAGR for the next 7-year period.
Dublin, May 21, 2021 (GLOBE NEWSWIRE) The "Building and Construction Tapes - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Amid the COVID-19 crisis, the global market for Building and Construction Tapes estimated at US$4.3 Billion in the year 2020, is projected to reach a revised size of US$5.8 Billion by 2027, growing at a CAGR of 4.4% over the analysis period 2020-2027. Double-Sided Tapes, one of the segments analyzed in the report, is projected to record a 4.1% CAGR and reach US$2.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Masking Tapes segment is readjusted to a revised 4.8% CAGR for the next 7-year period.The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 7% CAGRThe Building and Construction Tapes market in the U.S. is estimated at US$1.2 Billion in the year 2020