With an increased amount of time in our homes brought about by Covid -19, many took on remodeling projects to pass the time. Having limited opportunities to be out and about, people turned their energy and dollars inward toward improving their homes. This trend has continued in the post-pandemic era and looks to persist in the coming years. According to Global Market Insights, the U.S. home remodeling market is expected to grow at a 4.5% CAGR from 2019 through 2026, ending that period at a value of $507.5 billion.
Homeowners are spending many of those dollars in the kitchen. According to the 2022 Houzz & Home Study published by Houzz.com, 27% of home interior remodeling projects in 2021 took place in the kitchen at an average cost of $15,000. The kitchen also was the most frequently remodeled interior space.
The kitchen remodeling industry needs new bonding solutions
But as home remodeling demand grows, the building and construction industry finds itself in a bind. The culprits? Inflation at 40-year highs, supply chain challenges and a construction labor shortage. Competition is as tight as ever for home renovation product manufacturers and architects, including those specializing in the kitchen space.
The industry is ripe for new kitchen remodeling solutions that are cost-effective, flexible, durable, and safe. They should not only be easy to manufacture but easy to use for professional contractors and DIY homeowners alike.
Enter tape products with high-performance, pressure-sensitive adhesives (PSA).