Water Blocking Tapes Market by Type (Conductive, Semi-Conductive, Non-Conductive), Application (Communication Cable, Submarine Cable, Power Cable, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026778 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The market crossed US$ 375 million mark in 2022 and is expected to hit US$ 590 million by 2030, recording a CAGR of 6% during the forecast period.

Increasing demand for latency-free telecommunication devices to drive market growth 

Water blocking tapes are extensively used to seal proof the communication cables from the water to enable high-speed data transmission from these cables. Increasing usage of the latency-free telecommunication devices is expected to drive the water proofing tapes market growth. In addition, rise in the submarine infrastructural development requiring the usage of adhesive tapes for waterproofing applications is likely to increase the product demand globally. Technological advancement in the development of durable and strong adhesion-based waterproofing tapes is anticipated to favor the market growth.  

Within the report, the market is segmented into type, application, and geography. By type, the market is further segmented into conductive, non-conductive, and semi-conductive. Based on application, the market is segregated into communication cable, submarine cable, power cable, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Rising demand for double side adhesive tapes is expected to offer market growth opportunities

Growing popularity of using portable, double sided-adhesive tapes in waterproofing consumer products is likely to accelerate the future growth of the market. In addition, increasing usage of water blocking tapes in various industries such as automotive, healthcare, and packaging is expected to favor the market growth. Furthermore, manufacturers’ focus toward the development of sustainable adhesive material-based waterproofing tapes is likely to accelerate the product demand during the forecast period.  

 

Increasing usage in various waterproofing applications to drive market growth

Water blocking tapes are used in various types of cables such as communication cables, submarine cables, and power cable. Adhesive tapes are extensively used in sealing optical cables. Increasing usage of router devices requiring the installation of optical fiber cables for high-speed data transmission is expected to drive the market growth. In addition, growing demand for seal proofing submarine cables to improve their durability is likely to increase the water proofing tapes demand globally. Increasing products’ usage in seal proofing power cables is expected to support the market growth during the forecast period. 

 

Recent strategic developments in water blocking tapes market

The water blocking tapes market has undergone several significant developments, and a few of these have been mentioned below:

  • In March 2022, Kirkland & Ellis LLP. acquired Intertape Polymer Group Inc., a packaging products and systems company involved in the manufacturing of paper & film-based pressure sensitive tapes and water-activated tapes. 
  • In January 2020, Monta, a German manufacturer and supplier of self-adhesive tapes for packaging and industrial applications launched ‘monta biopack,’ a compostable adhesive tape in the Europe.

The water blocking tapes market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. 3M, Nitto Denko Corporation, Tesa SE, Scapa Group Ltd., Intertape Polymer Group are among the prominent players operating in the market.

Target audience for the report:

  • Waterproofing products manufacturer
  • Adhesives manufacturers
  • Composites manufacturers
  • Water blocking tapes suppliers
  • Water blocking tapes distributor and exporter
  • Chemical industry-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • End users of water blocking tapes
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type:
    • Conductive
    • Semi-Conductive
    • Non-Conductive
  • Application:
    • Communication Cable
    • Submarine Cable
    • Power Cable
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • 3M
  • Nitto Denko Corporation
  • Tesa SE
  • Scapa Group Ltd.
  • Intertape Polymer Group  

The List of Companies
- 3M
- Nitto Denko Corporation
- Tesa SE
- Scapa Group Ltd.
- Intertape Polymer Group

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