Global Waterproof Tapes Market, By Substrate (Metals, Plastics, Rubber, Others), Resin Type (Acrylic, Silicone, Butyl, Others), Prices (Low, Medium, High), Distribution Channel (Direct, Indirect), End User (Building and Construction, Automotive, Electrical and Electronics, Healthcare, Packaging, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Waterproof Tapes Market
The waterproof tapes market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 6.9% in the above-mentioned forecast period.
Waterproof tapes are the strong adhesive tape that provides weather resistance and moisture resistance properties to the ducts and hoses. They have various beneficial properties such as they are thick, durable, and adaptable tape that adapts to the shape of the object to which it has been applied. They are highly used in various end use industries such as building and construction, automotive, electrical and electronics, healthcare, packaging and others.
The factors such as high usage of waterproof tapes in building and construction for longer sustainability are the root cause fueling up the market growth rate. The factors expected to cushion the growth of the waterproof tapes market in the forecast period are the high demand of waterproof tapes in automotive industry for wrapping cable harness, caulking openings, varnishing and other purposes which will further carve the way for the growth of market. Moreover, the increasing demand of superior quality waterproof tapes in packaging sectors to avoid spill and leakage are further expected to cushion the overall markets growth. On the other hand, the factors such as strict environmental policies in the developed regions are expected to impede the growth of the waterproof tapes market. The fluctuations in raw material prices are also projected to hamper market’s overall growth.
They have various gained popularity due to their attributes such as high heat resistance, durability and long shelf life, exceptional adhesion to various substrates and resistance towards water based solutions are estimated to generate numerous opportunities for the market. On the flip side, the stringent government regulations in North America and Europe region is projected to pose as a major challenge to the growth of the waterproof tapes market.
This waterproof tapes market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on waterproof tapes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Waterproof Tapes Market Scope and Market Size
The waterproof tapes market is segmented on the basis of substrate, resin type and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of substrate, the waterproof tapes market is segmented into metals, plastics, rubber and others.
- On the basis of resin type, the waterproof tapes market is segmented into acrylic, silicone, butyl and others.
- On the basis of end user, the waterproof tapes market is segmented into building and construction, automotive, electrical and electronics, healthcare, packaging and others.
Waterproof Tapes Market Country Level Analysis
The waterproof tapes market is analyzed and market size, volume information is provided by substrate, resin type and end user as referenced above.
The countries covered in the waterproof tapes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the waterproof tapes market owing to the high construction activities in the region and development in the automotive sector. Increasing use of waterproof tapes in the healthcare industry coupled with the easy availability of raw material are some factors responsible for the growth of the market. North America on the other hand, will continue to however show lucrative growth within the forecast period owing to their growing awareness regarding its weather resistance and moisture resistance properties.
The country section of the waterproof tapes market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Waterproof Tapes Market Share Analysis
The waterproof tapes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to waterproof tapes market.
Some of the major players operating in the waterproof tapes market report are 3M, DuPont, Huntsman International LLC., Henkel Adhesives Technologies India Private Limited, Chowgule and Company Private Limited , Johnson & Johnson Private Limited, H.B. Fuller Company, Bostik, Sika AG, Engineered Bonding Solutions, LLC., Anabond, Ashland, Master Bond, Parson Adhesives, Inc, Gougeon Brothers, Inc, WEICON GmbH & Co. KG, OLYMPUS CORPORATION, Permabond LLC., Mapei, Gurit and FURUKAWA ELECTRIC CO., LTD., among others.
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