Press release
Waterproof Tapes Market: Surging to $21.28 Billion by 2029 with Construction and Healthcare Industry Developments
What Is The Projected Market Size Of The Global Waterproof Tapes Market And Its Growth Rate?
• The waterproof tapes market size has grown strongly in recent years.
• It is projected to grow from $14.9 billion in 2024 to $15.88 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%.
• The market size is expected to further grow to $21.28 billion in 2029 at a CAGR of 7.6%.
What Is Driving The Growth In The Waterproof Tapes Market?
The growing healthcare industry is significantly contributing to the growth of the waterproof tapes market. Waterproof tapes in the healthcare industry are utilized for several purposes including covering wounds, safeguarding abrasions, cuts, minor burns, blisters, and incisions. An article published by McKinsey & Company in January 2023 stated that the healthcare profit pools are expected to grow from $654 billion in 2021 to $790 billion in 2026 at a rate of 4% and an estimated 6% growth from 2021 to 2025. Therefore, the growing healthcare industry is a major driver for the waterproof tapes market.
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Who Are the Key Players Driving Waterproof Tapes Market Growth?
• Avery Dennison Corporation
• ABE UK Ltd.
• Aggarwal Brothers Pvt. Ltd.
• Henkel AG & Co. KGaA
• Minnesota Mining and Manufacturing Company
• Nitto Denko Corporation
• Scapa Group plc
• Tesa SE
• Saint-Gobain S.A.
• Berry Global Inc.
• Intertape Polymer Group Inc.
• Lintec Corporation
• Nichiban Co. Ltd.
• Shanghai Yongguan Adhesive Products Corp. Ltd.
• Wuhan Huaxia Nanfeng Adhesive Tapes Co. Ltd.
• Sika AG
• Bostik SA
• Franklin International Inc.
• Illinois Tool Works Inc.
• Mapei Corporation
• Pidilite Industries Limited
• RPM International Inc.
• Shurtape Technologies LLC
What Are The Key Trends In The Waterproof Tapes Market?
• Customized and specialized tapes
• Innovation in application techniques
• Aesthetics and design
• Smart building technologies
• Advancements in tape technology
What Are The Segments Of The Global Waterproof Tapes Market?
1) By Resin Types: Acrylic, Butyl, Silicone, Other Resin Types
2) By Substrate Types: Plastic, Metal, Rubber, Other Substrate Types
3) By End-Use Industry: Electrical And Electronics, Automotive, Building And Construction, Healthcare, Packaging, Other End User Industries
Which Region Leads The Waterproof Tapes Market?
North America was the largest region in the waterproof tapes market in 2024. However, Asia-Pacific is expected to be the fastest-growing region during the forecast period. The report also includes insights on other regions including Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Waterproof Tapes Market Global Market Report?
- Market Size Analysis: Analyze the Waterproof Tapes Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Waterproof Tapes Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Waterproof Tapes Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Waterproof Tapes Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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