The research study conducted by Report Ocean on the “ Waterproof Tapes Market ” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global Waterproof Tapes Market is valued at approximately USD $$billion in 2021 and is anticipated to grow with a healthy growth rate of more than $$% over the forecast period 2022-2029. Waterproofing tapes are a complementary waterproofing material that helps in boosting the structural strength of buildings. Waterproofing tapes are manufactured from the usage of bitumen or butyl which offers waterproofing properties due to the chemicals in their structure.
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The surging demand from electrical & electronics, thriving growth of the building & construction industries, and increasing sales through e-commerce platforms gaining rapid momentum are prominent factors that are driving the market demand across the globe.
According to a Statista analysis, investment in the construction industry is increasing annually; in 2017, global construction spending was USD 10.9 trillion, and by 2030, it is projected to reach USD 12.5 trillion. Therefore, the growth of the construction industry is propelling the demand for Waterproof Tapes, which, in turn, propels the market growth. Additionally, the growth of the healthcare industry in emerging economies as well as a strategic partnership and inorganic approach by the leading market players are offering lucrative opportunities for market growth over the forecasting years. However, low product differentiation and fluctuations in raw material prices stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Waterproof Tapes Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the space in terms of revenue, owing to the surging demand for waterproof tapes and the presence of leading market players. Whereas, the Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising inclination disposable income, as well as the growth of the emerging economies.
Major market players included in this report are:
3M
Nitto Denko Corporation
Tesa SE
Johnson & Johnson
Henkel AG & CO. KGAA
Medline Industries, Lp
Furukawa Electric Co., Ltd.
Avery Dennison Corporation
Scapa Group Plc
Teraoka Seisakusho Co., Ltd
Recent Developments in the Market:
In June 2022, tesa, the international manufacturer of innovative adhesive tapes and self-adhesive system solutions, is launching an assortment of flame-retardant adhesive tapes. The new tape tesa flameXtinct, which is already used successfully in the construction industry, is now also employed in the transport industry and in passenger transport. The special features: In the event of a fire, these new adhesive tapes self-extinguish after a short time, and they are completely halogen-free.
Global Waterproof Tapes Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Resin Type, Substrate Type, End-Use Industry, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Resin Type:
Acrylic
Butyl
Silicone
Others
By Substrate Type:
Plastic
Metal
Rubber
Others
By End-Use Industry:
Electrical & Electronics
Automotive
Building & Construction
Healthcare
Packaging
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
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