Global Carpet Tape Market Size, Share, and COVID-19 Impact Analysis, By Adhesive Type (Rubber-based Carpet Tape and Acrylic-based Carpet Tape), By Application (Carpet Installation, Rug Binding, Temporary Floor Covering, and Others), By End-Users (Residential and Commercial), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Industry: Advanced Materials

RELEASE DATE May 2024
REPORT ID SI4305
PAGES 200
REPORT FORMAT PathSoft

Global Carpet Tape Market Insights Forecasts to 2033

  • The Market Size is Growing at a 5.1% CAGR from 2023 to 2033
  • The Worldwide Carpet Tape Market Size is Expected to Hold Significant Share by 2033
  • Asia Pacific is Expected to Grow the fastest during the forecast period.

Global Carpet Tape Market

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The Global Carpet Tape Market Size is Anticipated to hold a significant share by 2033, Growing at a 5.1% CAGR from 2023 to 2033.

 

Market Overview

A double-sided tape called carpet tape is used to attach carpets and rugs to the floor. Made with a robust, long-lasting adhesive compound, it can keep the carpet in place and stop it from wrinkling or sliding. To make sure the carpet stays in place in places with heavy foot traffic or in houses with dogs or kids, carpet tape is used. While traditional procedures such as screws and bolts are efficient, they are complicated, heavy, and have an unappealing appearance. It lessens vibrations, resolving a variety of commercial issues. Carpet tape is a type of pressure-sensitive tape that has adhesive on both sides. Its purpose is to temporarily or permanently attach carpets to various surfaces, such as concrete or tile, and it may be removed with ease and without leaving any trace. Because of its adaptability, carpet tape can be utilized for a wide range of applications and industries. Here are a few instances. Gyms and physical treatment facilities should install foam rubber flooring squares and mats. Hotels, galleries, museums, and airports for carpets, non-slip mats, entry mats, and temporary flooring. Rubber floor runners, plastic drop cloths, temporary rugs, non-conductive mats, and anti-fatigue mats are needed for industrial and commercial activity.

 

Report Coverage

This research report categorizes the market for the global carpet tape market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global carpet tape market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global carpet tape market.

 

Global Carpet Tape Market Report Coverage

Report CoverageDetails
Base Year:2023
Forecast Period:2022 - 2033
Forecast Period CAGR 2022 - 2033 :5.1%
Historical Data for:2019 - 2023
No. of Pages:200
Tables, Charts & Figures:120
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

Increasingly, the furniture industry is being driven by its rising presence in less developed countries. As more people relocate to cities and embrace Westernized attitudes and lifestyles, there has been a rise in the demand for carpets. This trend has been further accelerated globally by the growing e-commerce business. The flexible plastics business is one of the main winners in this situation since it provides solutions that adapt to the changing needs of consumers. Thus, such factors are boosting the market growth in the forecast period. In addition, the increased popularity of DIY home renovation projects, in which consumers prefer cost-effective and time-saving alternatives such as carpet tapes to traditional methods, is one of the primary drivers of growth in the Carpet Tapes market. Additionally, the market demand for carpet tapes is being driven by rising awareness of the advantages of employing non-toxic and eco-friendly adhesive materials.

 

Restraining Factors

This increase is due to supply chain disruption, geopolitical instability, and fluctuations in prices, all of which have a notable impact on double-sided tape makers' manufacturing costs. As such, the restrictions provide a significant short-term obstacle to the market expansion for anti-corrosion coatings.

 

Market Segmentation

The global carpet tape market share is classified into adhesive type, application, and end users.

 

  • The acrylic-based carpet tape segment is expected to hold the largest share of the global carpet tape market during the forecast period.   

Based on the adhesive type, the global carpet tape market is categorized into rubber-based carpet tape and acrylic-based carpet tape. Among these, the acrylic-based carpet tape segment is expected to hold the largest share of the global carpet tape market during the forecast period. The acrylic-based tapes stand out in a competitive market because of their rapid curing time, excellent oxidation resistance, wide temperature range, and UV resistance. They also maintain colour constancy over time and offer remarkable anti-ageing properties. Notably, they carefully balance adhesion and cohesion to create an optimal amount of water resistance as well as a high level of peel, tack, and shear strength.

 

  • The rug binding segment is expected to grow at the fastest CAGR during the forecast period.   

Based on the application, the global carpet tape market is categorized into carpet installation, rug binding, temporary floor covering, and others. Among these, the rug binding segment is expected to grow at the fastest CAGR during the forecast period. Using carpet tape and powerful machines for sewing, rug binding repairs the frayed and damaged edges of the carpeting. It's usually the simplest and most affordable way to finish a carpet edge. The wide variety of materials and colours available for binding is another advantage. Anyone can choose almost any colour to go with the carpet.

 

  • The commercial segment is expected to hold a significant share of the global carpet tape market during the forecast period.

Based on the end users, the global carpet tape market is categorized into residential and commercial. Among these, the commercial segment is expected to hold a significant share of the global carpet tape market during the forecast period. The demand for creative and effective bonding solutions is growing as urbanization and infrastructure development continue to rise. This tape allows for speedy installation and creative flexibility by providing a simple and tidy method of mounting panels, signage, mirrors, and other building elements. This means that there is a constant need for the product, which drives market expansion and pushes manufacturers to create cutting-edge adhesive solutions to meet the needs of these fast-moving sectors.

 

Regional Segment Analysis of the Global Carpet Tape Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is projected to hold the largest share of the global carpet tape market over the forecast period.

 

Global Carpet Tape Market

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North America is projected to hold the largest share of the global carpet tape market over the forecast period. The packaging, construction, automotive, and electronics industries, among others, have a strong demand for tapes of all kinds in the region. North America's leadership in the carpet tape industry is a result of several factors, including the development of infrastructure, the existence of important tape manufacturers, and technological breakthroughs. The tapes industry is predicted to continue expanding and innovating in the region because of the growing number of applications and the demand for dependable and effective adhesive solutions.

 

Asia Pacific is expected to grow at the fastest CAGR growth of the global carpet tape market during the forecast period. Because of these emerging nations' rapid industrialization and attraction of foreign investors to the region, the market is expected to grow due to the rising demand for this tape for a variety of applications from these nations. South Korea, China, Vietnam, and India are among the emerging nations driving this market growth

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global carpet tape market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • SURFACE SHIELD
  • 3M
  • tesa
  • Polyken
  • Avery Dennison
  • Advance Tapes International
  • ECHOtape
  • HALCO
  • Venturetape
  • Can-Do National Tape
  • Berry Global Inc.
  • UK Industrial Tapes Ltd
  • GCP Applied Technologies
  • Roberts Consolidated Industries
  • Gorilla Glue Inc.
  • Shurtape Technologies
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs) 

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global carpet tape market based on the below-mentioned segments: 

 

Global Carpet Tape Market, By Adhesive Type

  • Rubber-based Carpet Tape
  • Acrylic-based Carpet Tape

 

Global Carpet Tape Market, By Application

  • Carpet Installation
  • Rug Binding
  • Temporary Floor Covering
  • Others

 

Global Carpet Tape Market, By End Users

  • Residential
  • Commercial

 

Global Carpet Tape Market, By Regional

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions (FAQ)

  • 1. What is the CAGR of the global carpet tape market over the forecast period?
    The Global Carpet Tape Market is expected to Reach a Significant Share by 2033, at a 5.1% CAGR during the forecast period 2023-2033.
  • 2. Which region is expected to hold the highest share in the global carpet tape market?
    North America is projected to hold the largest share of the global carpet tape market over the forecast period.
  • 3. Who are the top key players in the carpet tape market?
    SURFACE SHIELD, 3M, tesa, Polyken, Avery Dennison, Advance Tapes International, ECHOtape, HALCO, Venturetape, Can-Do National Tape, Berry Global Inc., UK Industrial Tapes Ltd, GCP Applied Technologies, Roberts Consolidated Industries, Gorilla Glue,Inc, Shurtape Technologies, and others.

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