What Fueled The Previous Growth In The Waterproof Tapes Market?
The waterproof tapes market has seen considerable growth due to a variety of factors.
• In recent times, there has been a significant growth in the size of the waterproof tapes market. The market is projected to increase from $14.9 billion in 2024 to $15.88 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.6%. Factors contributing to the growth during the historical period include the expansion of the construction industry, repair and maintenance activities, heightened consumer awareness, weather-linked concerns, demands in the manufacturing sector, and the marine and boating industry.
What Can Be Expected from the Waterproof Tapes Template Market?
The Waterproof Tapes market is expected to maintain its strong growth trajectory in upcoming years.
• The market for waterproof tapes is predicted to experience robust expansion in the forthcoming years, expected to reach $21.28 billion by 2029, with a CAGR of 7.6%.
The anticipated growth during the forecast period can be credited to factors such as increased urbanization, adoption of green building methodologies, severe weather incidents, health and safety protocols, water management strategies, and eco-friendly solutions. Notable trends for the forecast period involve tailored and specialized tapes, advancement in application approaches, aesthetics and design, smart building technology and progresses in tape technology.
What Are the Critical Driver Fuelling The Waterproof Tapes Market's Growth?
The expansion of the healthcare sector is projected to fuel the advancement of the waterproof tapes market in the near future. The sector encompasses firms that provide medical services, manufacture medical equipment or drugs, supply medical insurance, or deliver healthcare to patients. Waterproof tapes in the healthcare sector are used for numerous applications, including surgical containers, patient monitoring electrodes, wound coverage, operation cover shields, and protection for abrasions, cuts, minor burns, blisters, and incisions. For example, in January 2023, McKinsey & Company, a management consulting firm based in the US, published an article indicating that healthcare profit pools are predicted to increase by 4% from $654 billion in 2021 to $790 billion in 2026 and a projected growth rate of 6% from 2021 to 2025. Hence, the continuous growth of the healthcare sector is a key driver for the expansion of the waterproof tapes market.
How Is The Waterproof Tapes Market segmented?
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
Pre-Book The Waterproof Tapes Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What New Trends Are Influencing The Waterproof Tapes Market?
Key players in the waterproof tapes market, by exploiting the polyurea technology, are creating novel waterproof tapes with enhanced adhesion strength, flexibility, and longevity along with superior resilience against water, chemicals, and severe temperatures. The term 'polyurea technology' denotes a unique type of polymers generated through a chemical reaction of an isocyanate component and a polyamine. As an example, Fosroc, a UK-based firm providing construction solutions, introduced Polyurea WH 100 in June 2023 specifically engineered for roof waterproofing requirements. The product can be hand-applied with ease, particularly beneficial on flat roofs where detailing might be challenging. Its seamless finish along with durable polyurea technology ensures its longevity, hence providing efficient waterproofing with a rapid return-to-service time. The inclusion of Polyurea WH 100 serves to enrich Fosroc's product range, addressing the waterproofing requirements across different market sectors.
Who Are the Key Players In The Waterproof Tapes Market?
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
What Is The Most Dominant Region 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
