Waterproof Tape Trends and Forecast
The future of the global waterproof tape market looks promising with opportunities in the building & construction, automotive, marine, electrical & electronics, healthcare, and packaging markets. The global waterproof tape market is expected to reach an estimated $24.4 billion by 2030 with a CAGR of 6.7% from 2024 to 2030. The major drivers for this market are growth in construction activities and increasing demand from the automotive industry.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Waterproof Tape by Segment
The study includes a forecast for the global waterproof tape by material, type, end use, and region.
Waterproof Tape Market by Material [Shipment Analysis by Value from 2018 to 2030]:
• Acrylic
• Silicone
• Butyl
• Plastic
• Cloth
Waterproof Tape Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Waterproof Reflective Tapes
• Drywall Tapes
• Nonslip Waterproof Tapes
• Gaffer Tapes
• Duct Tapes
Waterproof Tape Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Building & Construction
• Automotive
• Marine
• Electrical & Electronics
• Healthcare
• Packaging
• Others
Waterproof Tape Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Waterproof Tape Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies waterproof tape companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the waterproof tape companies profiled in this report include-
• Avery Dennison
• 3M Company
• Henkel
• Nitto Denko
• Scapa Group
• Tesa
• Shurtape Technologies
Waterproof Tape Market Insights
Lucintel forecasts that silicone will remain the largest segment over the forecast period due to its excellent elasticity, flexibility and water resistant properties.
Within this market, building & construction is expected to witness the highest growth due to growing demand from the construction sectors across the world.
APAC is expected to witness highest growth over the forecast period due to growing demand from the construction sector.
Features of the Global Waterproof Tape Market
Market Size Estimates: Waterproof tape market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Waterproof tape market size by material, type, end use, and region in terms of value ($B).
Regional Analysis: Waterproof tape market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different materials, types, end uses, and regions for the waterproof tape market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the waterproof tape market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the waterproof tape market size?
Answer: The global waterproof tape market is expected to reach an estimated $24.4 billion by 2030.
Q2. What is the growth forecast for waterproof tape market?
Answer: The global waterproof tape market is expected to grow with a CAGR of 6.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the waterproof tape market?
Answer: The major drivers for this market are growth in construction activities and increasing demand from the automotive industry.
Q4. What are the major segments for waterproof tape market?
Answer: The future of the waterproof tape market looks promising with opportunities in the building & construction, automotive, marine, electrical & electronics, healthcare, and packaging markets.
Q5. Who are the key waterproof tape market companies?
Answer: Some of the key waterproof tape companies are as follows:
• Avery Dennison
• 3M Company
• Henkel
• Nitto Denko
• Scapa Group
• Tesa
• Shurtape Technologies
Q6. Which waterproof tape market segment will be the largest in future?
Answer: Lucintel forecasts that silicone will remain the largest segment over the forecast period due to its excellent elasticity, flexibility and water resistant properties.
Q7. In waterproof tape market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to growing demand from the construction sector.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the waterproof tape market by material (acrylic, silicone, butyl, plastic, and cloth), type (waterproof reflective tape, drywall tape, nonslip waterproof tape, gaffer tape, and duct tape), end use (building & construction, automotive, marine, electrical & electronics, healthcare, packaging, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Waterproof Tape Market, Waterproof Tape Market Size, Waterproof Tape Market Growth, Waterproof Tape Market Analysis, Waterproof Tape Market Report, Waterproof Tape Market Share, Waterproof Tape Market Trends, Waterproof Tape Market Forecast, Waterproof Tape Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.