The waterproof tapes global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Waterproof Tapes Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The waterproof tapes market size has grown strongly in recent years. It will grow from $14.03 billion in 2023 to $15 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. 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..
The waterproof tapes market size is expected to see strong growth in the next few years. It will grow to $19.57 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. 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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Scope Of Waterproof Tapes Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Waterproof Tapes Market Overview
Market Drivers –
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.
Market Trends –
Product innovations are the key trend gaining popularity in the waterproof tapes market. Major companies operating in the waterproof tapes market are developing innovative waterproof tapes to sustain their position in the market. For instance, in March 2021, Flex Seal Products, a US-based manufacturer of adhesive bonding products launched Flex Tape, an incredibly durable waterproof tape that can quickly repair, bond, and seal just about anything. It works in the water and on surfaces that are dry or wet. The strong adhesive of Flex Tape attaches to nearly any surface quickly and gets stronger with use and stress.
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
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Regional Insights –
North America was the largest region in the waterproof tapes market in 2023. 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
Key Companies –
Major companies operating in the waterproof tapes market report are Avery Dennison Corporation, ABE UK Ltd., Aggarwal Brothers Pvt. Ltd., Asian Paints Ltd., Henkel AG & Co. KGaA, Johnson & Johnson Services Inc., 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, W. W. Grainger Inc., Bostik SA, DOW Corning Corporation, Franklin International Inc., Hexion Inc., Illinois Tool Works Inc., Mapei Corporation, Momentive Performance Materials Inc., Pidilite Industries Limited, RPM International Inc., Medline Industries Lp, Shurtape Technologies LLC, The Gorilla Glue Company .
Table of Contents
1. Executive Summary
2. Waterproof Tapes Market Report Structure
3. Waterproof Tapes Market Trends And Strategies
4. Waterproof Tapes Market – Macro Economic Scenario
5. Waterproof Tapes Market Size And Growth
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27. Waterproof Tapes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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