Waterproof Tapes Market to Grow at 6.97% CAGR to 2022
PUNE, India, October 10, 2017 /PRNewswire/ --
The waterproof tapes market is forecast to reach $13.95 billion by 2022 from $9.96 billion in 2017 at a CAGR of 6.97% during (2017-2022) driven by the growing demand from end-use industries includes building & construction, automotive, electrical & electronics, healthcare, packaging, and others; while Asia Pacific is expected to lead the market during the forecast period according to ReportsnReports.com.
Browse 111 Market Data Tables and 28 Figures spread through 160 Pages and in-depth TOC on "Waterproof Tapes Market by Adhesive (Acrylic, Silicone, Butyl), Substrate (Metals, Plastics, Rubber), End-Use Industry (Building & Construction, Automotive, Electrical & Electronics, Healthcare, Packaging), and Region - Global Forecast to 2022" http://www.reportsnreports.com/reports/1204329-waterproof-tapes-market-by-adhesive-acrylic-silicone-butyl-substrate-metals-plastics-rubber-end-use-industry-building-construction-automotive-electrical-electronics-healthcare-packaging-and-regi-st-to-2022.html .
The key players operating in the waterproof tapes market are 3M Company (US), Avery Dennison (US), Nitto Denko (Japan), Henkel (Germany), Tesa (Germany), and Scapa Group (UK).
Based on region, Asia Pacific is expected to be the fastest-growing waterproof tapes market. 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.
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.
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Based on adhesive, the silicone segment of the waterproof tapes market is projected to witness the highest growth between 2017 and 2022. 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. 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 substrate, the waterproof tapes 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.
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In the process of determining and verifying the waterproof tapes 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%
The waterproof tapes market 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.
Another research titled Structural Adhesives Market Global Forecast to 2022 says, the structural adhesives market is projected to grow from an estimated $11.17 billion in 2017 to $15.72 billion by 2022, at a CAGR of 7.1% between 2017 and 2022. Among resins, the market for cyanoacrylate resin is projected to grow at the highest CAGR between 2017 and 2022. Among substrates, the market for composites substrate is projected to grow at the highest CAGR between 2017 and 2022. The Asia Pacific structural adhesives market is projected to grow at the highest CAGR during the forecast period. Companies such as Henkel AG & Co. KGaA (Germany), 3M Company (US), Sika AG (Switzerland), Huntsman International LLC (US), Illinois Tool Works Inc. (US), H.B. Fuller (US), Ashland (US), The Dow Chemical Company (US), Bostik (France), LORD Corporation (US) have been profiled in this 180 pages research report available at http://www.reportsnreports.com/reports/403624-structural-adhesive-market-by-type-acrylic-cyanoacrylates-epoxy-methylacrylate-polyurethane-and-others-by-application-automotive-aerospace-building-construction-bus-truck-marine-rail-and-wind-global-forecasts-to-2020.html .
Explore more reports on Chemicals Market at http://www.reportsnreports.com/market-research/chemicals/ .
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