The global waterproof tape market size is expected to reach USD 23.81 Billion in 2030 and register a steady revenue CAGR of 6.9% over the forecast period, according to latest analysis by Emergen Research. Waterproof tape market revenue growth is primarily driven by factors such as rising demand from electrical & electronics and building & construction industries. Waterproofing tapes are used to stop water from entering building structures and are highly preferred owing to their excellent performance in terms of water ingress and ease of use. Waterproof tape is also increasingly being used in electrical and electronic applications to prevent mishaps caused by water coming into contact with electricity and prevent water damage to electronics.
Furthermore, application of Porters Five Forces Analysis to determine the status of various aspects such as the capability of both the suppliers and customers, threats posed by different substitutes, the intensity of competition and promising new vendors makes the study a valuable resource. The researchers behind the market intelligence report examine the weaknesses, strengths, opportunities, and restraints expected to shape the progress of the Waterproof Tape market for the forecast period, 2019 to 2026. The market intelligence report includes detailed statistics on market segmentation based on product value, application, classification, and sale.
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The metal segment is expected to register a rapid revenue growth rate in the global market over the forecast period owing to increased adoption of waterproof tape with metal substrates. Metal-substrate waterproof tapes are incredibly robust. Non-woven weave of tapes offers them high tensile strength and exceptional rip resistance. One such example that is being utilized more frequently owing to its many benefits is aluminum foil tape. It has various uses in hot and cold climates, is a perfect substitute for mastic, and can last over time, among other benefits. Foil tape functions between 248°F and -22°F and can be applied between 14°F and 104°F. Most tapes struggle when it is cold outside, hence extreme cold makes tape less stickable by making adhesive harder. When applying the tape, it could not stick at all if it is cold outside, however, this does not occur with aluminum foil tape.
Market Dynamics:
The report offers insightful information about the market dynamics of the Waterproof Tape market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Waterproof Tape market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Waterproof Tape market.
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Key Companies Profiled in the Report:
3M, Nitto Denko Corporation, Tesa Tapes Private Limited, Johnson & Johnson Private Limited, Henkel Adhesives Technologies Private Limited, Medline Industries, Inc., Furukawa Electric Co., Ltd., Avery Dennison Corporation, Scapa Group Ltd., Teraoka Seisakusho Co., Ltd.
Emergen Research has segmented the global waterproof tape market based on resin type, substrate type, end-use, and region:
Resin Type Outlook (Revenue, USD Million; 2019–2030)
Acrylic
Silicone
Butyl
Substrate Type Outlook (Revenue, USD Million; 2019–2030)
Plastic
Metal
Rubber
Others
End-Use Outlook (Revenue, USD Million; 2019–2030)
Automotive
Healthcare
Building & Construction
Electrical & Electronics
Packaging
Others
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Overview of the Waterproof Tape Market Report:
Introduction, Product Scope, Market Overview, and Opportunities
Analysis of the Manufacturers with sales, revenue, and price analysis
Comprehensive analysis of the competitive landscape
Extensive profiling of the key competitors along with their business strategies and market size
Regional analysis of the market along with sales, revenue, market share, and global position
Country-wise analysis of the market along with types, applications, and manufacturing
Strategic recommendations to established players as well as new entrants
In-depth analysis of the risks, restraints, and limitations in the Waterproof Tape industry
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