Global Waterproof Tapes Market Size study & Forecast, by Resin Type (Acrylic, Butyl, Silicone, Others) by Substrate Type (Plastic, Metal, Rubber, Others), by End-Use Industry (Electrical & Electronics, Automotive, Building & Construction, Healthcare, Pack

Global Waterproof Tapes Market Size study & Forecast, by Resin Type (Acrylic, Butyl, Silicone, Others) by Substrate Type (Plastic, Metal, Rubber, Others), by End-Use Industry (Electrical & Electronics, Automotive, Building & Construction, Healthcare, Packaging, Others) and Regional Analysis, 2022-2029

Global Waterproof Tapes Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Waterproofing tapes are a complementary waterproofing material that helps in boosting the structural strength of buildings. Waterproofing tapes are manufactured from the usage of bitumen or butyl which offers waterproofing properties due to the chemicals in their structure.
The surging demand from electrical & electronics, thriving growth of the building & construction industries, and increasing sales through e-commerce platforms gaining rapid momentum are prominent factors that are driving the market demand across the globe.

According to a Statista analysis, investment in the construction industry is increasing annually; in 2017, global construction spending was USD 10.9 trillion, and by 2030, it is projected to reach USD 12.5 trillion. Therefore, the growth of the construction industry is propelling the demand for Waterproof Tapes, which, in turn, propels the market growth. Additionally, the growth of the healthcare industry in emerging economies as well as a strategic partnership and inorganic approach by the leading market players are offering lucrative opportunities for market growth over the forecasting years. However, low product differentiation and fluctuations in raw material prices stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Waterproof Tapes Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the space in terms of revenue, owing to the surging demand for waterproof tapes and the presence of leading market players. Whereas, the Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising inclination disposable income, as well as the growth of the emerging economies.

Major market players included in this report are:
3M
Nitto Denko Corporation
Tesa SE
Johnson & Johnson
Henkel AG & CO. KGAA
Medline Industries, Lp
Furukawa Electric Co., Ltd.
Avery Dennison Corporation
Scapa Group Plc
Teraoka Seisakusho Co., Ltd
Recent Developments in the Market:
 In June 2022, tesa, the international manufacturer of innovative adhesive tapes and self-adhesive system solutions, is launching an assortment of flame-retardant adhesive tapes. The new tape tesa flameXtinct, which is already used successfully in the construction industry, is now also employed in the transport industry and in passenger transport. The special features: In the event of a fire, these new adhesive tapes self-extinguish after a short time, and they are completely halogen-free.
Global Waterproof Tapes Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Resin Type, Substrate Type, End-Use Industry, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Resin Type:
Acrylic
Butyl
Silicone
Others
By Substrate Type:
Plastic
Metal
Rubber
Others
By End-Use Industry:
Electrical & Electronics
Automotive
Building & Construction
Healthcare
Packaging
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World




Companies Mentioned

3M
Nitto Denko Corporation
Tesa SE
Johnson & Johnson
Henkel AG & CO. KGAA
Medline Industries, Lp
Furukawa Electric Co., Ltd.
Avery Dennison Corporation
Scapa Group Plc
Teraoka Seisakusho Co., Ltd

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