Waterproof Tape Market worth US$ 23.81 Billion Globally by 2030 at 6.9% CAGR: Verified Waterproof Tape Market Report By Emergen Research

Waterproof Tape Market worth US$ 23.81 Billion Globally by 2030 at 6.9% CAGR: Verified Waterproof Tape Market Report By Emergen Research

July 26
15:54 2022
Waterproof Tape Market worth US$ 23.81 Billion Globally by 2030 at 6.9% CAGR: Verified Waterproof Tape Market Report By Emergen Research
Waterproof Tape Market | Emergen Research
Waterproof Tape Market Rising demand from electrical & electronics and building & construction industries is a significant factor driving global waterproof tape market revenue growth

The global waterproof tape market size is expected to reach USD 23.81 Billion in 2030 and register a steady revenue CAGR of 6.9% over the forecast period, according to latest analysis by Emergen Research. Waterproof tape market revenue growth  is primarily driven by factors such as rising demand from electrical & electronics and building & construction industries. Waterproofing tapes are used to stop water from entering building structures and are highly preferred owing to their excellent performance in terms of water ingress and ease of use. Waterproof tape is also increasingly being used in electrical and electronic applications to prevent mishaps caused by water coming into contact with electricity and prevent water damage to electronics.

A recent trend in the market is use of self-adhesive sealant waterproof tape. With the use of simple materials and low labor expense self-adhesive sealant tape, leaks on flat or pitched roofs can be swiftly stopped. This is a practical method for caulking various seams and cracks. For joint insulation and roof repair systems, waterproof tape for the roof can be utilized.

The Global Waterproof Tape Market Report offers extensive knowledge and information about the Waterproof Tape Market pertaining to market size, market share, growth influencing factors, opportunities, and current and emerging trends. The report is formulated with the updated and latest information of the global Waterproof Tape Market further validated and verified by the industry experts and professionals. The Global Waterproof Tape Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Waterproof Tape Market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.

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Furthermore, the report provides a comprehensive overview of the Waterproof Tape Market along with product portfolio and market performance. The report offers key insights into market share, supply chain analysis, demand and supply ratio, import/export details, and product and consumption patterns. To gain a better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence.

Some Key Highlights From the Report

  • On 29 March 2021, The Flex Seal Family of Products officially launched its newest and largest line of products and a part of the line is Flex Tape, which is an extremely strong waterproof tape that can instantly patch, bond, and seal, virtually anything. It can be applied on dry or wet surfaces and it even works underwater. Flex Tape’s powerful adhesive bonds instantly to almost any surface and actually gets stronger with time and pressure.
  • The silicone segment is expected to register a rapid revenue growth rate over the forecast period. This is attributed to their exceptional bonding strength to various substrates including plastics and rubber. Silicone waterproof tapes are also being employed more and more in the medical industry due to its numerous advantages. As it is biocompatible with skin and does not hurt live tissues, it is appropriate for those with delicate skin such as newborns and elderly. With repositionable dressings, wound can be examined and monitored for a longer period of time without having to change them. In addition, wounds can be monitored without changing the dressing due to transparency of some formulations. By acting as a barrier against liquids that can otherwise contaminate a wound, something is waterproof. They are exposed to air and can survive bacterial development.
  • The metal segment is expected to register a rapid revenue growth rate in the global market over the forecast period owing to increased adoption of waterproof tape with metal substrates. Metal-substrate waterproof tapes are incredibly robust. Non-woven weave of tapes offers them high tensile strength and exceptional rip resistance. One such example that is being utilized more frequently owing to its many benefits is aluminum foil tape. It has various uses in hot and cold climates, is a perfect substitute for mastic, and can last over time, among other benefits. Foil tape functions between 248°F and -22°F and can be applied between 14°F and 104°F. Most tapes struggle when it is cold outside, hence extreme cold makes tape less stickable by making adhesive harder. When applying the tape, it could not stick at all if it is cold outside, however, this does not occur with aluminum foil tape.

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Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Waterproof Tape Market Expected to boost the growth of the industry in the coming years.

Emergen Research has segmented the global waterproof tape market based on resin type, substrate type, end-use, and region:

  • Resin Type Outlook (Revenue, USD Million; 2019–2030)
    • Acrylic
    • Silicone
    • Butyl
  • Substrate Type Outlook (Revenue, USD Million; 2019–2030)
    • Plastic
    • Metal
    • Rubber
    • Others
  • End-Use Outlook (Revenue, USD Million; 2019–2030)
    • Automotive
    • Healthcare
    • Building & Construction
    • Electrical & Electronics
    • Packaging
    • Others
  • Regional Outlook (Revenue, USD Million; 2022-2030)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. UK
      3. France
      4. Italy
      5. Spain
      6. Sweden
      7. BENELUX
      8. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Israel
      5. Rest of Middle East & Africa

Key Questions Answered in the Report:

What is the growth rate of the Waterproof Tape Market?

What is the anticipated market valuation of Waterproof Tape Market industry by 2030?

What are the key growth driving and restraining factors of the Waterproof Tape Market?

Who are the prominent players operating in the market?

What are the key strategies adopted by these companies?

What are the key opportunities and growth prospects of the Waterproof Tape Market industry over the forecast period?

Which region is expected to show significant growth in the coming years?

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About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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