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Waterproof Tape Market worth $21.91 billion by 2030, growing at a CAGR of 5.42% - Exclusive Report by 360iResearch
Waterproof Tape Market | 360iResearch
The Global Waterproof Tape Market to grow from USD 15.14 billion in 2023 to USD 21.91 billion by 2030, at a CAGR of 5.42%.
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The waterproof taps are developed to provide water and moisture resistance for various applications across multiple industries such as construction, automotive, electronics, healthcare, marine, and aerospace. These tapes offer functional benefits such as sealing, bonding, insulation, and protection from environmental elements. The increasing use of durable and moisture-resistant products in construction activities and innovations in material science that improve adhesion strength and durability under extreme conditions have expanded the use of waterproof tapes. The medical sector is witnessing a surge in the usage of these tapes for wound dressing applications due to heightened emphasis on patient safety and infection control. However, changing costs of raw materials and environmental issues associated with non-biodegradable plastic-based tapes limit the product penetration worldwide. The emergence of advanced adhesion technologies that ensure reliable performance under challenging conditions can enhance the applications of waterproof tapes. Furthermore, customizing product offerings to cater to specific end-user requirements by tailoring material properties or designing application-specific form factors is expected to attract a broader customer base and contribute to the market growth of waterproof tapes in the coming years.
The demand for waterproof tapes is on an upward trajectory in the Asia-Pacific region due to rapid industrialization and expanding infrastructure projects. The significant expansion of construction activities and elevated automotive production in the region has improved the usage of waterproof tapes in the Asia-Pacific. In the Americas region, robust construction activities in residential and commercial sectors and rising investments in healthcare advancements have triggered the demand for waterproof tapes. Regional tape manufacturers in the Americas are constantly investing in research and development (R&D) to improve product performance and cater to various applications across various industries. Europe, the Middle East, and the African region represent a rapidly evolving waterproof tapes market owing to increasing focus on maintaining construction infrastructures against extreme weather conditions to prevent water damage under harsh environments. The ongoing material advancements for better performance and product efficiency are expected to create growth opportunities for the waterproof tapes market in the forecast period.
Market Segmentation & Coverage:
This research report categorizes the Waterproof Tape Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Resin Type, market is studied across Acrylic, Butyl, and Silicone. The Acrylic is projected to witness significant market share during forecast period.
Based on Product Form, market is studied across Patches, Rolls, Sheets, and Strips. The Sheets is projected to witness significant market share during forecast period.
Based on Substrate Type, market is studied across Metal, Plastic, and Rubber. The Rubber is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Automotive, Building & Construction, Electrical & Electronics, Healthcare, and Packaging. The Electrical & Electronics is projected to witness significant market share during forecast period.
Based on Water Resistance Level, market is studied across Splash-Resistant and Submersion-Resistant. The Splash-Resistant is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across Offline and Online. The Online is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 39.68% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Waterproof Tape Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Waterproof Tape Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Waterproof Tape Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Arkema S.A., Ashland Global Holdings Inc., Asian Paints Ltd, Avery Dennison Corporation, Bemis Company, Inc. by Amcor plc, Berry Global Group, Inc., Can-Do National Tape, Chowgule and Company Private Limited, Furukawa Electric Co., Ltd., Gougeon Brothers, Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman International LLC, Johnson & Johnson Services, Inc., MBCC Group by Sika AG, Medline Industries, LP, Nitto Denko Corporation, Olympus Corporation, Parson Adhesives, Inc., Permabond LLC, PPM Industries SpA, Scapa Group plc, Tesa SE by Beiersdorf AG, WEICON GmbH & Co. KG, and Worthen Industries Inc.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Waterproof Tape Market, by Resin Type
7. Waterproof Tape Market, by Product Form
8. Waterproof Tape Market, by Substrate Type
9. Waterproof Tape Market, by End-User
10. Waterproof Tape Market, by Water Resistance Level
11. Waterproof Tape Market, by Distribution Channel
12. Americas Waterproof Tape Market
13. Asia-Pacific Waterproof Tape Market
14. Europe, Middle East & Africa Waterproof Tape Market
15. Competitive Landscape
16. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Waterproof Tape Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Waterproof Tape Market?
3. What is the competitive strategic window for opportunities in the Waterproof Tape Market?
4. What are the technology trends and regulatory frameworks in the Waterproof Tape Market?
5. What is the market share of the leading vendors in the Waterproof Tape Market?
6. What modes and strategic moves are considered suitable for entering the Waterproof Tape Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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