Global water blocking tapes market is anticipated to grow at a CAGR of 5.4% during the forecast period (2024-2031). A major factor supporting the growth of the market is the booming offshore infrastructure, surging data demand and technological advancementsin the water blocking tape market. The expansion of offshore wind farms, oil & gas rigs, and subsea data centers necessitates robust cable protection solutions. Advanced submarine protection cables meet this need by withstanding harsh underwater environments.

For instance, in February 2024, The International Cable Protection Committee (ICPC) has raised concerns about submarine cable damage in the Red Sea. The organization urges operators to investigate the causes and engage with governments about the implications of such damage. The global submarine cable network, carrying over 99% of digital data traffic, has around 150 faults annually.

Further, in March 2024 Yemeni Houthi rebels have cut three underwater sea cables in the Red Sea, disrupting global internet and telecommunications. The cables, including Asia-Africa-Europe , Europe India Gateway, Seacom, and TGN-Gulf, account for 25.0% of the traffic flowing through the Red Sea. The disruption could escalate the ongoing crisis and affect global shipping routes. The cables are crucial for data transmission from Asia to Europe, and measures are being taken to reroute the traffic. The Yemeni government in exile previously alleged that the Houthis planned to attack the cables, but the Houthis deny targeting the cables and instead blame British and US military operations. Since November, the Houthis have targeted ships in the Red Sea and surrounding waters in response to the Israel-Hamas war.

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Market Coverage

The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Application
By Conductive

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- includes Berry Global Group, Inc. , Intertape Polymer Group, Scapa Group Ltd, Nichiban Co., Ltd. , Fori Group, among others.

Water Blocking Taps Market Report Segment

By Application

Submarine Cable
Power Cable,
Optical Fiber Cable
Communication Cable
Others

By Conductive

Non-Conductive
Semi Conductive
Conductive

A full Report of Water Blocking Taps Market is Available @https://www.omrglobal.com/industry-reports/water-blocking-taps-market 

Water Blocking Taps Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa

Company Profiles

Chase Corporation
Chhaperia International Company
Ekstel
Scapa
Fori Group
Gurfil
Hanyu Cable Materials
Lifeline Technologies
Advance Tapes International
Berry Global Group, Inc.
Star Materials
Nichiban Co., Ltd.
Fori Group
Navank Consultants
Nantong Siber Communication Co.,Ltd.
Unitape ltd

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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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