Dublin, Oct. 04, 2022 (GLOBE NEWSWIRE) -- The "Waterproof Tapes Market by Resin (Acrylic, Silicone, Butyl), Substrate Type (Plastic, Metal, Rubber), End-Use Industry (Electrical & Electronics, Automotive, Building & Construction, Healthcare, Packaging) and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The waterproof tapes market is projected to grow from USD 15.5 billion in 2022 to USD 21.3 billion by 2027, at a CAGR of 6.6% between 2022 and 2027.
The restraints related to the use of waterproof tapes market is slow growth of end-use industries in some countries.
The Electrical & electronics segment is estimated to be the largest segment of the waterproof tapes market.
Waterproof tapes offer excellent resistance to moisture and ultraviolet exposure, and it is intended for both indoor and weather-exposed outdoor applications such as waterproof electrical connections near pools and hot tubs. Waterproof tapes are used for insulation of the joints and terminations of various rubber and plastic cables. They are also used for repairing of damaged insulation portions of various cables.
In this industry, waterproof tapes find applications in harnessing wires and cables, protective jacketing for high voltage cable splices and repairs, primary electrical insulation for all wires and cables, and electrical insulation for transformers, motors, coils, and tubes.
The Asia Pacific is forecasted to be the fastest-growing Waterproof tapes market during the forecast period.
The healthcare sector in the Asia Pacific has been growing at a rapid pace due to evolving demographic trends, growing consumer expectations, and technological advancements. Together, these elements might make it possible for governments, taxpayers, doctors, and patients to rethink how healthcare is managed and delivered.
Consumer-focused health ecosystems are developing in Asia at an unprecedented rate and scale in response to the aforementioned trends. Furthermore, consumers demand high-quality waterproof tapes that are used in the healthcare sector but at an economical price, so manufacturers are focusing on minimizing miscellaneous expenses to lower the operating cost while manufacturing the end product.
As a result, profit margins and sales of waterproof tapes in the healthcare division achieved great heights over the historical period.
4 Premium Insights 4.1 Significant Opportunities for Players in the Waterproof Tapes Market Between 2022 and 2027 4.2 Waterproof Tapes Market, by Resin Type 4.3 Waterproof Tapes Market, by Substrate Type 4.4 Asia-Pacific: Waterproof Tapes Market, by End-use Industry and Country 4.5 Waterproof Tapes Market: Developed vs. Developing Countries 4.6 Waterproof Tapes Market, by Region
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Growing Demand from Electrical & Electronics and Building & Construction Industries 5.2.1.2 Capacity Expansion for Increasing Demand 5.2.1.3 Sales Through E-Commerce Platforms Gaining Rapid Momentum 5.2.1.4 Strategic Partnership and Inorganic Approach Toward Growth 5.2.1.5 Superior Properties of Waterproof Tapes 5.2.2 Restraints 5.2.2.1 Impact of COVID-19 and the Russia-Ukraine War 5.2.2.2 Slow Growth of End-use Industries in Some Countries 5.2.3 Opportunities 5.2.3.1 Establishing Authenticity Through Various Certifications 5.2.3.2 Increase in Public-Private Partnerships in Operational Markets of End-use Industries 5.2.3.3 Growing Healthcare Industry in Emerging Economies 5.2.4 Challenges 5.2.4.1 Low Product Differentiation 5.3 Porter's Five Forces Analysis 5.4 Key Stakeholders & Buying Criteria 5.4.1 Key Stakeholders in Buying Process 5.4.2 Buying Criteria 5.5 Macroeconomic Overview and Key Trends 5.6 Value Chain Analysis 5.7 Average Pricing Analysis 5.8 Waterproof Tapes Ecosystem and Interconnected Markets 5.8.1 Impact of Trends and Technology Disruptions on Manufacturers of Waterproof Tapes: Yc and Ycc Shift 5.9 Trade Analysis 5.10 Patent Analysis 5.10.1 Methodology 5.10.2 Publication Trends 5.10.3 Top Jurisdiction 5.10.4 Top Applicants 5.11 Case Study Analysis 5.12 Technology Analysis 5.13 Key Conferences & Events in 2022-2023 5.14 Tariff and Regulatory Landscape 5.14.1 Regulatory Bodies, Government Agencies, and Other Organizations
6 Waterproof Tapes Market, by Resin Type 6.1 Introduction 6.2 Acrylic 6.2.1 Heavy Duty and Long-Term Bonding 6.3 Silicone 6.3.1 Largest Resin Type in Market 6.4 Butyl 6.4.1 Low Cost, Toxicity, and Surface Tension Properties 6.5 Others
7 Waterproof Tapes Market, by Substrate Type 7.1 Introduction 7.2 Plastic 7.2.1 Largest Substrate Type in Market 7.3 Metal 7.3.1 Automotive Industry to Drive Market 7.4 Rubber 7.4.1 Increase in Use of Rubber in Various End-use Industries 7.5 Others
8 Waterproof Tapes Market, by End-use Industry 8.1 Introduction 8.2 Automotive 8.2.1 Rising Vehicle Production 8.3 Healthcare 8.3.1 Fastest-Growing End-use Industry in Market 8.4 Building & Construction 8.4.1 Development of New Infrastructure in Emerging Countries 8.5 Electrical & Electronics 8.5.1 Rise in Demand for Electronic Devices 8.6 Packaging 8.6.1 Improved Lifestyle and Changing Food Habits 8.7 Others
9 Waterproof Tapes Market, by Region
10 Competitive Landscape 10.1 Overview 10.2 Company Evaluation Quadrant Matrix: Definitions and Methodology, 2021 10.2.1 Stars 10.2.2 Emerging Leaders 10.2.3 Participants 10.2.4 Pervasive Players 10.3 Strength of Product Portfolio 10.4 SME Matrix, 2021 10.4.1 Responsive Companies 10.4.2 Progressive Companies 10.4.3 Starting Blocks 10.4.4 Dynamic Companies 10.5 Competitive Benchmarking 10.6 Market Share Analysis 10.7 Market Ranking Analysis 10.8 Revenue Analysis 10.9 Competitive Situations and Trends
11 Company Profiles 11.1 Major Players 11.1.1 3M Company 11.1.2 Nitto Denko Corporation 11.1.3 Tesa SE 11.1.4 Johnson & Johnson 11.1.5 Henkel AG & Co. KGaA 11.1.6 Medline Industries, Lp 11.1.7 Furukawa Electric Co. Ltd. 11.1.8 Avery Dennison Corporation 11.1.9 Scapa Group PLC 11.1.10 Teraoka Seisakusho Co. Ltd. 11.2 Other Key Companies 11.2.1 Asian Paints Ltd. 11.2.2 Shurtape Technologies LLC 11.2.3 A.B.E. Construction Chemicals 11.2.4 Tapespec 11.2.5 Heskins LLC 11.2.6 Gebruder Jaeger GmbH 11.2.7 Advance Tapes International 11.2.8 Dukal LLC 11.2.9 Isoltema Group 11.2.10 Metalnastri Srl 11.2.11 Chowgule Construction Chemicals 11.2.12 Shanghai Richeng Electronic 11.2.13 Btm 11.2.14 Permatex 11.2.15 Ppm Industries Spa
For more information about this report visit https://www.researchandmarkets.com/r/q1qkwo
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