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.Flashing tape is a self-adhesive bituminous sealing material that bonds instantly on plastic, metals, cement, wood, fiber, and others and provides permanent watertight seals. It possesses strong adhesion, is UV resistant, and is waterproof due to which it is used as a protective coating in various end-use sectors such as building and construction, automotive & transportation, packaging, industrial, electrical & electronics, and others.
Increase in transport and logistics activities has led to the growth of the automotive sector where flashing tape is widely used for sealing applications of various auto components. In addition, flashing tapes offer high durability, strength, abrasion resistance, and waterproof property due to which it is the most preferred flashing tape in the sector. This is projected to drive the demand for flashing tape in the growing automotive sector.
Moreover, the rise in middle-class income and young population has led to an increase in the trend for personal vehicles, which propels the demand for flashing tape in the growing automotive sector where it is used as a sealing, insulating material for automotive gasket, windows, doors, engine, and auto components. In addition, the increase in foreign direct investment (FDI) inflow in the automotive sector has increased the demand for flashing tape.
Moreover, the construction industry is experiencing rapid growth, particularly in emerging economies, fueled by urbanization, population growth, and infrastructure development. This expansion necessitates the use of reliable sealing solutions to ensure the longevity and integrity of structures. Flashing tape has become a vital component in the construction process, as it effectively prevents water infiltration and air leaks. These issues can lead to structural damage, mold growth, and reduced energy efficiency, which are costly to address. Flashing tape provides a simple yet effective solution for sealing joints, seams, and gaps around windows, doors, roofs, and other building components.
Its use helps to protect buildings from moisture-related issues and improves energy efficiency by maintaining a consistent indoor environment, reducing the need for heating and cooling. As new buildings are constructed and older ones are renovated, the demand for high-quality flashing tape continues to grow, making it an essential product in the modern construction industry. Thus, the above mentioned factors are expected to drive the flashing market growth in coming years.
The flashing tape market is segmented on the basis of adhesive type, substrate type, end-use industry, and region. On the basis of adhesive type, the market is categorized into silicone, acrylic, butyl rubber, rubberized asphalt, and others. On the basis of substrate type the market is classified into plastic, metals, rubber, and others. On the basis of end-use industry, the market is divided into automotive, building and construction, healthcare, packaging, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The report covers strategies adopted by key players in the market to sustain the competitive environment and increase their market share. The key players operating in the flashing tape market include 3M, Bostik, DuPont, H.B. Fuller, Henkel AG & Co., Isoltema Group, Jining Xunda Pipe Coating Materials Co. Ltd., Nitto Denko Corporation, Omega Rubber Industries, and Saint-Gobain. In addition, the market drivers, restraints, and opportunities are explained in the report.
Increase in transport and logistics activities has led to the growth of the automotive sector where flashing tape is widely used for sealing applications of various auto components. In addition, flashing tapes offer high durability, strength, abrasion resistance, and waterproof property due to which it is the most preferred flashing tape in the sector. This is projected to drive the demand for flashing tape in the growing automotive sector.
Moreover, the rise in middle-class income and young population has led to an increase in the trend for personal vehicles, which propels the demand for flashing tape in the growing automotive sector where it is used as a sealing, insulating material for automotive gasket, windows, doors, engine, and auto components. In addition, the increase in foreign direct investment (FDI) inflow in the automotive sector has increased the demand for flashing tape.
Moreover, the construction industry is experiencing rapid growth, particularly in emerging economies, fueled by urbanization, population growth, and infrastructure development. This expansion necessitates the use of reliable sealing solutions to ensure the longevity and integrity of structures. Flashing tape has become a vital component in the construction process, as it effectively prevents water infiltration and air leaks. These issues can lead to structural damage, mold growth, and reduced energy efficiency, which are costly to address. Flashing tape provides a simple yet effective solution for sealing joints, seams, and gaps around windows, doors, roofs, and other building components.
Its use helps to protect buildings from moisture-related issues and improves energy efficiency by maintaining a consistent indoor environment, reducing the need for heating and cooling. As new buildings are constructed and older ones are renovated, the demand for high-quality flashing tape continues to grow, making it an essential product in the modern construction industry. Thus, the above mentioned factors are expected to drive the flashing market growth in coming years.
The flashing tape market is segmented on the basis of adhesive type, substrate type, end-use industry, and region. On the basis of adhesive type, the market is categorized into silicone, acrylic, butyl rubber, rubberized asphalt, and others. On the basis of substrate type the market is classified into plastic, metals, rubber, and others. On the basis of end-use industry, the market is divided into automotive, building and construction, healthcare, packaging, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The report covers strategies adopted by key players in the market to sustain the competitive environment and increase their market share. The key players operating in the flashing tape market include 3M, Bostik, DuPont, H.B. Fuller, Henkel AG & Co., Isoltema Group, Jining Xunda Pipe Coating Materials Co. Ltd., Nitto Denko Corporation, Omega Rubber Industries, and Saint-Gobain. In addition, the market drivers, restraints, and opportunities are explained in the report.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the flashing tape market analysis from 2023 to 2033 to identify the prevailing flashing tape market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the flashing tape market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global flashing tape market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Adhesive Type
- Butyl Rubber
- Rubberized Asphalt
- Others
- Silicone
- Acrylic
By Substrate Type
- Plastic
- Metals
- Rubber
- Others
By End use Industry
- Automotive
- Building and Construction
- Type
- New Construction
- Renovation or Remodeling
- Healthcare
- Packaging
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- 3M
- Bostik SA
- DuPont
- H.B. Fuller Company
- Henkel AG & Co. KGaA
- Isoltema Group S.p.A.
- Jining Xunda Pipe Coating Materials Co. Ltd.
- Nitto Denko Corporation
- Omega Rubber Industries
- Saint-Gobain
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FLASHING TAPE MARKET, BY ADHESIVE TYPE
CHAPTER 5: FLASHING TAPE MARKET, BY SUBSTRATE TYPE
CHAPTER 6: FLASHING TAPE MARKET, BY END USE INDUSTRY
CHAPTER 7: FLASHING TAPE MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to the report, “Flashing Tape Market Market," the flashing tape market was valued at $2.0 billion in 2021, and is estimated to reach $3.7 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.Flashing tape is a self-adhesive bituminous sealing material that bonds instantly on plastic, metals, cement, wood, fiber, and others and provides permanent watertight seals. It possesses strong adhesion, is UV resistant, and is waterproof due to which it is used as a protective coating in various end-use sectors such as building & construction, automotive & transportation, packaging, industrial, electrical & electronics, and others.
Increase in transport and logistics activities has led to the growth of the automotive sector where flashing tape is widely used for sealing applications of various auto components. In addition, flashing tapes offer high durability, strength, abrasion resistance, and waterproof property due to which it is the most preferred flashing tape in the sector. This is projected to drive the growth of the flashing tape in the growing automotive sector. Moreover, the rise in middle-class income and young population has led to an increase in the trend for personal vehicles, which propels the demand for flashing tape in the growing automotive sector where it is used as a sealing, insulating material for automotive gasket, windows, doors, engine, and auto components. In addition, the increase in foreign direct investment (FDI) inflow in the automotive sector has increased the demand for flashing tape.
The growing population has led the building & construction sector to witness significant growth where flashing tape are widely used for protective coating and sealing applications. For instance, according to a report published by the International Trade Administration, China’s construction industry is projected to grow at an annual average rate of 8.6% from 2022 to 2030. This may propel the demand for flashing tape in the growing construction sector during the forecast period. In addition, governments of developing economies such as China, India, and others, have increased spending on the development of townships, housing, built-up infrastructure, and construction development projects where flashing tape are widely used for concrete coating applications. All these factors collectively drive the demand of the global market.
However, improper installation of flashing tape may cause mold and water to seep underneath the floors, which in turn may decrease the durability of the floors. These factors are expected to restrain the market growth during the forecast period.
The emergence of flashing tape in the medical sector has enhanced the performance of flashing tape during the forecast period. Flashing tapes are less allergic due to which it is the most preferred sealing material in wound dressing. This is anticipated to increase the sales of flashing tape in the medical sector; thus, creating lucrative opportunities for the market.
The flashing tape market is segmented on the basis of adhesive type, substrate type, end-use industry, and region. By adhesive type, the market is segregated into silicone, acrylic, butyl rubber, and others. The acrylic segment dominated the global market in terms of revenue in 2021, with 36% of the total share. both developed and developing economies are constantly engaged in upgrading their fighter jets with modern armor facilities where acrylic-based flashing tapes are widely preferred for protective coating applications, owing to their potential to work in harsh atmospheric conditions and high strength. Furthermore, UV-cured acrylic flashing tapes are mostly preferred in building and construction, architects, and contractors, and builders. This is anticipated to increase the sales of acrylic-based flashing tape; thus, creating remunerative opportunities for the market.
By substrate type, the market is categorized into plastic, metals, rubber, and others. The metal segment dominated the global market in 2021, with a total share of 48%. The demand for metal has been increased in renewable energy infrastructure, auto components, electric vehicles, and in industrial sector. Flashing tapes are excellent source of adhesion and has ability to self-seal on metal surface due to which it is widely used on metal roofing, tile metal, and other metal-based equipment. This factor is expected to enhance the demand for flashing tape on metal surface. Furthermore, several manufacturers have increased their production capacities for flashing tape owing to its extensive use in various end-use industry.
By end-use industry, the market is divided into automotive, building & construction, healthcare, packaging, and others. The building & construction segment dominated the global market in terms of revenue in 2020, with 43% of the total share. Flashing tapes are used over concrete floors in various residential and commercial building & construction sites such as hotels, hospitals, homes, flats, warehouses, hospitals, showrooms, garages, and offices, for protecting pipelines and sealing warehouse floors.
In addition to this, it protects concrete surfaces, strengthens materials, and protects metal infrastructures from UV, moisture, air, and decay. The growing population has led the building & construction sector to witness significant growth where flashing tape is widely used for protective coating and sealing applications.
Region-wise, the flashing tape market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific flashing tape market size is projected to grow at the highest CAGR during the forecast period and accounted for a major flashing tape market share in 2021. 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 significant growth. This may foster the demand for the flashing tape market in the growing automotive sector. Furthermore, the rapid development of the industrial sector in countries such as China, India, Indonesia, Malaysia, and others, is further expected to aid the growth of the flashing tape market in the Asia-Pacific region.
Key players operating in the global flashing tape market include 3M company, Acme Supplies Limited, Aggarwal Brothers, Asian Paints, 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, Scapa Group plc, and Vijay Agency.
Key Findings of the Study:
- By adhesive type, the acrylic segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 6.8% from 2021 to 2030.
- By substrate type, metals segment is holds highest growth rate, in terms of revenue, registering a CAGR of 6.7% from 2021 to 2030.
- By end-use industry, the building and construction application segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 6.8% from 2021 to 2030.
- By region, Asia-Pacific garnered the highest share of 46% in 2020, in terms of revenue, growing at a CAGR of 7.4%.
Companies Mentioned
- 3M
- Bostik SA
- DuPont
- H.B. Fuller Company
- Henkel AG & Co. KGaA
- Isoltema Group S.p.A.
- Jining Xunda Pipe Coating Materials Co. Ltd.
- Nitto Denko Corporation
- Omega Rubber Industries
- Saint-Gobain
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 386 |
| Published | August 2024 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value ( USD | $ 2.4 billion |
| Forecasted Market Value ( USD | $ 4.6 billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
