Waterproof Tapes Market

Waterproof Tapes Market Analysis Size (2023-2028) 

The waterproof tapes market was estimated at $ 10.82 billion in 2022 and is determined to reach $ 13.42 billion by 2028, at an annual rate of 7.02% from 2023-2028

Demand for waterproof tapes has increased in manufacturing industries and end-use sectors like building and construction, automotive, electricity and electronics, healthcare, packaging, and others. Various manufacturers of waterproof tapes are conducting R&D to develop durable adhesives and overcome the limitations of traditional fastening methods. Airtight tapes are generally used in household units and appliances to seal and seal any appliance and seal it at all times. The bands are defined with a thick, rubberized, adaptive sponsorship that fits any shape or product. Waterproof tapes are mainly used to connect parts of the vehicle both inside and outside the vehicle body. The key factor in the growth of the waterproof tape market is the wide use of products in the automotive sector. Also, the increasing use of the product in the latest client industry should contribute to the growth of the waterproof tape market in the years to come. This rising application of waterproof tapes in the medical services and packaging industry is also driving worldwide demand. As a result, the waterproof tape market may gain a share of the esteem for years to come.

Waterproof silicone-based tapes offer special characteristics because these cement fix quickly at room temperature and offer high strength. These bands provide improved and effective retention responses for different substrates. Advances in construction and infrastructure exercises are likely to increase the use of waterproof tapes in companies and private industries. In any case, the relentless growth of the end-customer industry and the government's enactment of large product spending could hamper the growth of the global waterproof tape market in the coming years. The waterproof tapes are strong, and rubberized and serve as a patch, and bond to seal and repair substances. Waterproof tapes are formulated with a thick, flexible, rubberized backing that adheres to any shape or object. Waterproof tapes are strong adhesive tapes that provide weather and moisture resistance to ducts and pipes. The strong demand for waterproof tapes in the automotive industry for winding wire harnesses, caulking, varnishing, and other uses is driving the growth of the market, as well as the high use of waterproof tapes in buildings and constructions.

Drivers and Restraints in the Waterproof Tapes Market 

This market shows great promise for growth in the forthcoming years. With the growing economy, the number of paying customers is also increasing, as a result, the net economy is expected to grow. The increasing population of emerging economies with their rising net available disposable income is driving the market for consumer goods like waterproof tapes. Rapidly growing markets of Medicine, Construction, and packaging are contributing to the growth of the market. Medical tape with adhesives that are non-allergic to the skin is regularly used in the healthcare sector to dress wounds, with the increasing population in the Asia Pacific and with the arrival of refugees into Europe, the healthcare sector is expected to boom. 

Insulative tape is widely used in the electrical and electronics industry while the reflective tape is used extensively in the Automotive sector. Almost every vehicle will have at some point of a timer used reflective tape. This widespread usage in many days today applications is one of the reasons why this market is full of such potential. As it is used everywhere, it has become an integral part of modern life we cannot do away with. Governmental regulations on the production and usage of plastics are slowing the market down. The conflicts in the middle east and the sanctions on other petroleum-producing countries of the world by the current US administration are making the oil prices fluctuate and causing uncertainty in the market. Both the polymer and adhesive of tapes are made with the byproducts of the petroleum industry. This turbulence in the world environment is negatively affecting the Waterproof Tape Market. An increase in labor and transport costs is only adding to the woes of this market.

WATERPROOF TAPES MARKET REPORT COVERAGE 

Waterproof Tapes Market Segmentation Analysis as per the research report until 2028.

On the basis of Adhesives

• Acrylic
• Silicone
• Butyl
• Others

The silicone segment of the global waterproof tapes market is expected to experience the highest growth during the forecast period of 2022 - 2027. Silicone adhesives offer exceptional bond strength on various substrates, including plastics and rubber. These adhesives have properties such as high heat resistance, excellent adhesion, long-term performance and resistance to water, dilute acids, bases and solvents.

On the basis of Substrate

• Metals
• Plastics
• Rubber
• Others

The metals segment of the market should experience the highest growth during the forecast period of 2022 - 2027. Metal substrate-based waterproof tapes are very strong. Besides, the non-woven fabric of the tapes gives them remarkable tensile strength and excellent tear resistance.

On the basis of End-Use 

• Building and Construction
• Automotive
• Electrical and electronics
• Healthcare
• Packaging
• Others

The health segment of waterproof tapes is expected to experience the highest growth during the forecast period from 2022 - to 2027. Waterproof tapes are used to cover wounds, secure protective shields during surgeries, and protect against abrasions, cuts, minor burns, blisters, and incisions.

On the basis of the Region

• North America

• Europe

• Asia Pacific

• Middle East and Africa

• Latin America

Waterproof Tapes Market Key Players:

1. Henkel (Germany)
2. Tesa  (Germany)
3. Scapa Group (UK)
4. 3M Company (US)
5. Avery Dennison (US)
6. Johnson & Johnson Inc., (US)
7. Medline Industries (US)
8. Shurtape Technologies LLC. (US)
9. The Gorilla Glue Company (US)
10. Nitto Denko (Japan)