The waterproof tapes market is projected to grow at a CAGR of 6.97% between 2017 and 2022
LONDON, Nov. 6, 2017 /PRNewswire/ -- "The waterproof tapes market is projected to grow at a CAGR of 6.97% between 2017 and 2022"
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The waterproof tapes market is projected to grow from an estimated USD 9.96 billion in 2017 to USD 13.95 billion by 2022, at a CAGR of 6.97% between 2017 and 2022. The growing demand from end-use industries, such as building & construction, automotive, electrical & electronics, healthcare, packaging, and others, is expected to fuel the growth of the waterproof tapes market. Waterproof tapes help automotive manufacturers in providing protection against abrasion, insulating slabs, caulking openings, wrapping cable harness, masking during varnishing, and supporting functions during the assembly. Stringent environmental regulations in North America and Europe countries may act as a restraint for the growth of the market in the near future.
"Based on adhesive, the silicone segment is projected to witness the highest growth between 2017 and 2022"
Based on adhesive, the silicone segment of the waterproof tapes market is projected to witness the highest growth during the forecast period. Silicone-based waterproof tapes offer distinct advantages, as these adhesives cure immediately at room temperature and offer high bonding strength. These tapes provide optimized and efficient bonding solutions for various substrates.
"The Asia Pacific waterproof tapes market is projected to witness the highest growth during the forecast period"
Based on region, Asia Pacific is expected to be the fastest-growing market for waterproof tapes. The growth of the market in the region is majorly driven by the presence of emerging economies, such as China and India. China is projected to lead the waterproof tapes market in Asia Pacific during the forecast period.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.
Breakup of primary interviews:
• By Company Type - Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
• By Designation – C-level – 42%, D-level – 33%, and Others – 25%
• By Region – Asia Pacific – 35%, North America – 28%, Europe – 24%, the Middle East & Africa – 7%, and South America – 6%
3M Company (US), Avery Dennison (US), Nitto Denko (Japan), Henkel (Germany), Tesa (Germany), and Scapa Group (UK) are the key players operating in the waterproof tapes market.
Research Coverage
This report provides a detailed segmentation of the waterproof tapes market on the basis of adhesive, substrate, end-use industry, and region. Based on resin, the waterproof tapes market has been segmented into acrylic, silicone, butyl, and others. Based on substrate, the market has been segmented into metals, plastics, rubber, and others. Based on end-use industry, the market has been segmented into building & construction, automotive, electrical & electronics, healthcare, packaging, and others. Based on region, the market has been segmented into the Asia Pacific, Europe, North America, South America, and the Middle East & Africa.
Reasons to Buy the Report
From an insight perspective, this research report has focused on various levels of analyses—industry analysis (industry trends), the market ranking of top players in the waterproof tapes market, micro quadrants analysis, and company profiles. These insights together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the waterproof tapes market, high-growth regions, and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on waterproof tapes offered by the top players in the waterproof tapes market
• Product Development/Innovations: Detailed insights on the upcoming technologies, research & development activities, and new product launches in the waterproof tapes market
• Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for waterproof tapes across varied regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the waterproof tapes market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the waterproof tapes market
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