Moisture Barrier Tape Market Analysis By Type (Polyethylene, Asphalt-Impregnated, Asphalt-Coated Kraft Paper, Foil Skrim Kraft, Paper-Backed Aluminium), By Application (Building and Construction, Personal and Household Care, Other) and Regional Forecast to 2032

MOISTURE BARRIER TAPE MARKET REPORT OVERVIEW

The global moisture barrier tape market size was valued at USD 823 million in 2023 and is expected to reach USD 1215.5 million by 2032, registering a CAGR of 4.0% during the forecast period.

Moisture barrier tapes are one of the most important yet underrated piece of equipment which is used in a large variety of industries to protect the materials from moisture and any other liquid such as water that can penetrate the surface of equipment from outside, as part of natural elements reacting with them. This includes building materials from the construction industry, cosmetics packaging from the beauty industry and many miscellaneous industries as well.

Moisture barrier tape has suddenly become very high in terms of demand, a global trend which is being driven by the increasing need of all relevant industries to improve on their buildings’ safety in terms of reducing danger from moisture, which can include the recently expanding projects pertaining to residential and commercial infrastructure development. In addition, because of these tapes' ability to protect against environmental factors, their use in personal care products as well as household cleaning items is also growing at a rapid pace.

GLOBAL CRISES IMPACTING THE MOISTURE BARRIER TAPE MARKET COVID-19 IMPACT

How the Industry Was Negatively Affected Due to Decreased Supply and Demand during the COVID-19 PandemicThe sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

LATEST TREND

"Sustainable and Eco-Friendly Materials to Drive Market Growth"

The growing emphasis on elements that affect the overall health of mother nature such as sustainability and environmental responsibility, end up significantly shaping the future of the moisture barrier tape market growth. So that the demand for green building solutions can be efficiently met, manufacturers are increasingly shifting their priorities towards using eco-friendly materials in the production of tapes to cater to a bigger market segment.

MOISTURE BARRIER TAPE MARKET SEGMENTATION

BY TYPE

Based on type, the global market is segmented into polythene, asphalt-impregnated, asphalt-coated kraft paper, foil skrim kraft and paper-backed aluminium.

• Polyethylene: Because it has features such as flexibility, toughness and also a good resistance to liquids such as water, polyethylene-based moisture barrier tapes are perfect for uses in personal hygiene as well as construction.
• Asphalt-Impregnated: Heavy-duty construction projects need to use tapes which are able to offer strong resistance to moisture even in any type of harsh environments where exposure to water is a concern.
• Asphalt-Coated Kraft Paper: These are a low-cost, high-performance moisture-resistant paper tape variety, which are coated in asphalt for affordable use in residential construction.
• Foil Skrim Kraft: A good moisture resistance and presence of insulating qualities makes this type of tape ideal for use in commercial or industrial construction projects.
• Paper-Backed Aluminium: Paper-backed aluminium tapes also provide thermal insulation on top of moisture resistance, making their heat management feature highly recommended for electrical use.

BY APPLICATION

Based on application, the global market is segmented into building and construction, personal and household care and others.

• Building and Construction: The market segment that moisture barrier tapes cater to the most has always been the building and construction sector, since they need to make sure that the buildings being made do not compromise on any safety related parameter, and these tapes help them to ensure longevity of buildings by protecting them against any kind of moisture infiltration that can occur.
• Personal and Household Care: The personal and household care industries have started using tapes to keep their sensitive products protected from moisture and humidity, which in turn increases their shelf life immensely.
• Others: Moisture barrier tapes can be used to fulfil various purposes in areas such as automotive, packaging, aerospace and any other industry which have very specific applications.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

DRIVING FACTORS

"Increased Demand for Construction of New Buildings Causing a Global Market Boost"

The rapid urbanisation and industrialization occurring in emerging economies have significantly boosted the demand, thereby increasing the moisture barrier tape market share. These tapes are proving to be more and more essential when it comes to maintaining the efficiency as well as security of new buildings by preventing any deadly risk of moisture infiltration.

"Increased Awareness leading to Personal and Household Care Products Adopting Moisture Resistant Products"

The need for moisture-resistant tapes in personal care products has increased as people are becoming increasingly aware about factors such as maintaining cleanliness and hygiene on a daily basis. Moisture barrier tapes are essential for manufacturing items such as diapers for both children and adults, and can also be used in other hygiene products where there is a need to meet the two factor requirement of preventing leakage and guaranteeing comfort of the wearer or user at the same time.

RESTRAINING FACTOR

"Raw Materials and their Expensive Nature Leading to Increased Production Costs for Industry Manufacturers"

One of the significant challenges faced by the moisture barrier tape market growth is the increasingly fluctuating prices of raw materials which are used in the production of moisture and water resistant tapes, a few examples of such materials are polyethylene and aluminium. These moisture barrier tapes are less practical to produce in certain types of industries which have mainly small businesses involved. Consumers are also hesitant sometimes when purchasing such highly priced products, a direct negative result of the rising costs of production.

OPPORTUNITY

"Sustainable Construction Practices Paving the Way for Increased Global Expansion"

The growing emphasis of governments as well as industries on using only ecologically friendly and sustainable building methods is part of the green construction movement which is encouraging construction giants to change their traditional ways.

CHALLENGE

"Difficulties of Using New Materials in Different Regions Across the Globe Leading to Limited Growth"

Adapting the existing production processes which have been going on for years at the company to try and comply with these new industry standards can be very costly and time-consuming, which in turn greatly hinders the growth of some small or mid-sized companies.

REGIONAL INSIGHTS

The market is primarily segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

• North America

North America dominates the global market, and the United States moisture barrier tape market is on the top due to high construction activity and the widespread use of advanced building materials which are focused on improving commercial infrastructure as well as residential housing.

• Europe

Europe is another significant market for moisture barrier tapes, since sustainable construction and use of eco-friendly materials has been the norm here for a long time owing to stricter government rules, which is further fueling the demand for moisture barrier tapes.

• Asia-Pacific

Asia-Pacific is expected to witness the highest growth during the forecast period. The region’s booming construction industry is supported by government infrastructure projects, especially in major countries such as China, Japan and India.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Product Innovation and Strategic Partnerships"

Big businesses in the global industry are spending most of their budget on research and development efforts which are aimed at producing innovative, environmentally friendly tapes that comply with existing government imposed environmental laws. Leading manufacturers also frequently use this tactic to expand their production facilities in emerging geographical markets.

LIST OF TOP COMPANIES

• Elliott Group International (U.S.)
• Scapa (U.K.)
• ISI Building Products (U.S.)
• Stego Industries (U.S.)
• 3M (U.S.)
• Wr Meadows (U.S.)
• Dupont (U.S.)
• 3F Adhesive Tapes (U.K.)
• Berry Global (U.S.)
• Gaska Tape (U.S.)
• Layfield Group (Canada)

KEY INDUSTRY DEVELOPMENT

January, 2024: A new range of environmentally friendly moisture barrier tapes from 3M was introduced. This was done as part of their response to meet the growing needs of consumers for sustainable building supplies that are also body friendly and use sustainable materials during production.

February 2024: A strong partnership between key construction companies and manufacturers of moisture barrier tapes with the aim of promoting the widespread use of such tapes in the booming building and construction industry. The partnership deals with improving the management of moisture in residential and commercial buildings.

March 2024: New adhesives are coming in to replace moisture barrier tapes, and are particularly focusing on the electronics and automotive markets. The innovation promises improved resistance to moisture with retention of the adhesive strength- he hallmark of high-performance applications

May 2024: High demand for moisture barrier tapes, especially for use in smart building systems, which are increasingly being combined with sensors to measure moisture levels. This helps construction and infrastructure projects proactively manage moisture levels

REPORT COVERAGE

This report offers a detailed analysis of the moisture barrier tape market growth during the forecast period of 2024-2032, covering market size estimations, forecasts, and comprehensive segmentation by type, application. A regional as well as competitive analysis is also done in order to provide insights on how key players from different countries and geographical regions have a greater impact on market dynamics by their activities of innovation, expansion and so on. This in turn facilitated stakeholders when they are making industry related decisions, particularly for the forecast period, to make favourable choices and increase both profitability and market share.