The global demand for Waterproof Tapes Market is presumed to reach the market size of nearly USD 25.61 MN by 2028 from USD 15.33 MN in 2021 with a CAGR of 7.6% under the study period 2022 - 2028.
Waterproof tapes are adhesive tapes with a water-resistant and waterproof design feature. Waterproof tapes are thick, adaptable, and rubber-treated, making them useful in various industries, including automotive, medical services, and packaging. Waterproof tapes are also used in multiple devices and are predominantly applied to connect vehicles' inner and outer surfaces to fix them. Waterproof tapes have high tensile strength and are used in various applications such as duct sealing, plumbing, window and door installation.
Market Dynamics
The high demand for waterproof tapes in the automotive industry for wrapping cable harnesses, caulking openings, varnishing and other purposes will drive market growth. Moreover, the growing demand for waterproof tapes in the medical and building & construction industries is another aspect driving the market. Furthermore, the increasing demand for superior quality waterproof tapes in packaging sectors to avoid spills and leakage is further expected to cushion the overall market growth. Also, the extensive range of applications of waterproof tapes and the easy availability of raw materials is expected to create opportunities for manufacturers to meet the rising demand for waterproof tapes during the forecast period. However, the waterproof tapes market growth may be impacted by the fluctuating raw material prices under the study period.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of waterproof tapes. The growth and trends of waterproof tapes industry provide a holistic approach to this study.
Market Segmentation
This section of the waterproof tapes market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Substrate
- Metals
- Plastics
- Rubber
- Others
By Resin Type
- Acrylic
- Silicone
- Butyl
- Others
By Prices
By Distribution Channel
By End User
- Building And Construction
- Automotive
- Electrical And Electronics
- Healthcare
- Packaging
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Waterproof Tapes market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Waterproof Tapes Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the waterproof tapes market include 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. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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