[139 Pages Report] Waterproof Tapes Market size is projected to grow from USD 9.34 Billion in 2016 to USD 13.95 Billion by 2022, at a CAGR of 6.97% during the forecast period. In this study, 2016 has been considered the base year to estimate the market size of the waterproof tapes. The report provides the short-term forecast from 2017 to 2022. It aims at estimating the size and future growth potential of the waterproof tapes across different segments, such as adhesive, substrate, end-use industry, and region. Factors such as drivers, restraints, opportunities, and industry-specific challenges influencing the market growth of the waterproof tapes have also been studied in this report. The report analyzes the opportunities in the waterproof tapes market for stakeholders and presents a competitive landscape for market leaders.

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Waterproof tapes are used in the automotive, electrical & electronics, healthcare, building & construction, and packaging end-use industries in a diverse range of applications, such as first aid, sealing, HVAC duct connections, electrical & electronic wiring & harness protection, and cable wrapping. They are also used to secure water shedders inside doors, affix wiring to vehicle floors, and secure protective canvas & plastic coverings.

 Key players in the waterproof tapes market are adopting various organic and inorganic growth strategies to increase their businesses and strengthen their position in the market. New product developments/launches and mergers & acquisitions are the major strategies undertaken by key players to enhance their product portfolio and expand their global presence. These strategies accounted for all the strategic developments that took place in the waterproof tapes market between 2014 and 2017. Top players are also focusing on entering new markets by launching technologically advanced waterproof tapes for varied end-use industries. Some of the leading manufacturers of waterproof tapes include 3M (US), Avery Dennison (US), Nitto Denko (Japan), Henkel (Germany), Tesa (Germany), and Scapa Group (UK).

 Avery Dennison (US) is one of the key market players in the waterproof tapes market with an extensive product portfolio in waterproof tapes. In 2017, the company opened a new facility, the Electronics Solutions and Technology Center, in California (US). This new facility will provide engineering solutions and services to Avery Dennison’s electronics industry customers.

 Scapa Group (UK). is another key player that has established a strong foothold in the waterproof tapes market, and offers various resin-based waterproof tapes as part of its product portfolio. The company recently acquired EuroMed (US), a medical device manufacturer that specializes in wound care technologies that will provide Scapa Group opportunities for growth in new markets.

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