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Waterproof Tapes Market Expansion Continues, with Forecast Valuation of $21.27 Billion by 2029
Waterproof Tapes
Waterproof Tapes Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The waterproof tapes market size has grown strongly in recent years. It will grow from $14.9 billion in 2024 to $15.88 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to construction industry growth, repair and maintenance activities, consumer awareness, weather-related concerns, manufacturing industry needs, marine and boating sector.
Waterproof Tapes Market Size Forecast: What's the Projected Valuation by 2029?
The waterproof tapes market size is expected to see strong growth in the next few years. It will grow to $21.28 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to rising urbanization, green building practices, extreme weather events, health and safety regulations, water management initiatives, environmentally friendly solutions. Major trends in the forecast period include customized and specialized tapes, innovation in application techniques, aesthetics and design, smart building technologies, advancements in tape technology.
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What Are the Drivers Transforming the Waterproof Tapes Market?
The growing healthcare industry is expected to propel the growth of the waterproof tapes market going forward. The healthcare industry consists of companies that render medical services, produce medical devices or medications, offer medical insurance, or deliver healthcare to patients. In the healthcare industry, waterproof tapes are used for surgical containers, monitoring electrodes, covering wounds, securing cover shields during operations, and safeguarding abrasions, cuts, minor burns, blisters, and incisions. For instance, in January 2023, McKinsey & Company, a US-based management consulting company published an article according to which the healthcare profit pools are estimated to grow at a 4% from $654 billion in 2021 to $790 billion in 2026 and an estimated 6% growth from 2021 to 2025. Therefore, the growing healthcare industry is driving the growth of the waterproof tapes market.
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What Long-Term Trends Will Define the Future of the Waterproof Tapes Market?
Major companies operating in waterproof tapes market are focused on developing innovative waterproof tapes leveraging polyurea technology to enhance performance characteristics such as adhesion strength, flexibility, and durability, while also providing superior resistance to water, chemicals, and extreme temperatures. Polyurea technology refers to a specialized class of polymers created through the chemical reaction of an isocyanate component with a polyamine. For instance, in June 2023, Fosroc, a UK-based construction solutions company, launched the Polyurea WH 100, specifically designed for roof waterproofing applications. This product is hand-applied, facilitating ease of installation, especially on flat roofs where detailing can be complex. It features a seamless finish and leverages polyurea technology for durability, ensuring long-lasting waterproofing with quick return-to-service times. The introduction of Polyurea WH 100 enhances Fosroc's portfolio, addressing the waterproofing needs across various market sectors.
Which Segments in the Waterproof Tapes Market Offer the Most Profit Potential?
The waterproof tapes market covered in this report is segmented -
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
Subsegments:
1) By Acrylic: Pressure-Sensitive Acrylic Tapes, Waterproof Acrylic Adhesives
2) By Butyl: Butyl Rubber Tapes, Butyl Sealant Tapes
3) By Silicone: Silicone Adhesive Tapes, High-Temperature Silicone Tapes
4) By Other Resin Types: Polyethylene Tapes, Polyvinyl Chloride (PVC) Tapes, Ethylene Vinyl Acetate (EVA) Tapes
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Which Firms Dominate the Waterproof Tapes Market by Market Share and Revenue in 2025?
Major companies operating in the waterproof tapes market include 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
Which Regions Offer the Highest Growth Potential in the Waterproof Tapes Market?
North America was the largest region in the waterproof tapes market in 2024. Asia-Pacific is expected to be the fastest-growing region in the waterproof tapes market report during the forecast period. The regions covered in the waterproof tapes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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