Waterproof Tapes Market - Forecast(2024 - 2030)

Report Code: CMR 87816 Report Format: PDF + Excel

Waterproof Tapes Market Overview

The Waterproof Tapes Market size is forecasted to grow at a CAGR of 5.9% during the forecast period 2024-2030 and reach US$15.881 billion by 2030. Waterproof tapes are available in various materials which include acrylic, silicone, butyl, plastic such as polyethylene and more. They are used for a wide range of industries that include building & construction, automotive, electrical & electronics, packaging and other industries. The lockdown had significantly reduced construction activities as a result of the country-wise shutdown of manufacturing sites, shortage of labor and the decline of the supply and demand chain all across the world, which temporarily halted construction projects. 

This, in turn, affected the waterproof tapes industry since they are primarily used at construction sites to protect the buildings against water by covering gaps in ceilings, walls, flooring and other similar applications, thus, affecting the waterproof tapes market. However, a steady recovery in construction activities has been across the world since 2022, which in turn, is driving the demand for waterproof tapes. For instance, according to recent insights from the World Cement, the global construction industry output increased by 5.9% in 2023. An increase in building & construction activities along with the surging demand from the automotive sectors is expected to drive the growth of the waterproof tapes market size in the upcoming years. On the other hand, the fluctuating prices of raw materials may confine the market growth.

Waterproof Tapes Market Report Coverage

The “Waterproof Tapes Market – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Waterproof Tapes Market.

By Material: Acrylic, Silicone, Butyl, Plastic (Polyethylene, Polyethylene Terephthalate, Polymethyl Methacrylate), Cloth.

By Type: Waterproof Reflective Tape, Drywall Tape, Nonslip Waterproof Tape, Gaffer Tape and Duct Tape.

By End-Use Industry: Building & Construction (Residential Construction, Commercial Construction, Industrial Construction), Automotive (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Marine (Passenger Ships & Cruises, Heavy Load Carriers), Electrical & Electronics, Healthcare, Packaging, Others.

By Geography: North America (USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Denmark, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America), the Rest of the World (the Middle East and Africa).

Key Takeaways

• The silicone material held the largest share in the Waterproof Tapes Market in 2023. Its wide range of characteristics and excellent water resistant properties made it stand out in comparison to other materials in the market.
• Building & construction industry held a significant share in the Waterproof Tapes Market in 2023, owing to its increasing demand from the construction sectors across the world. Waterproof tapes are primarily applied in application areas such as joints, doors, windows and floors, where water and air can enter the buildings and help in creating a complete waterproofing system in a building.
• Asia-Pacific dominated the Waterproof Tapes Market in 2023, owing to the increasing demand for waterproof tapes from construction sectors in the region.
• A detailed analysis of strengths, weaknesses, opportunities and threats will be provided in the Waterproof Tapes Market Report.

 
Waterproof Tapes Market Segment Analysis – By Material

The silicone material held the largest Waterproof Tapes Market share of over 32% in 2023, owing to its increasing demand due to the benefits it offers over other types of materials. For instance, silicone offers excellent elasticity, flexibility and water resistant properties in comparison to acrylic, cloth and other types of materials. They also offer higher durability along with better chemical resistance and weather resistance as compared to other materials. Moreover, waterproof tapes made of silicone do not deteriorate as quickly as other types of materials and are ideal for long-term applications. Hence, all of these benefits are driving its demand over other types of materials, which in turn, is expected to boost the market growth during the forecast period.

Waterproof Tapes Market Segment Analysis – By End-Use Industry

The building & construction industry held a significant Waterproof Tapes Market share of over 25% in 2023, owing to its increasing demand from the construction sectors across the world. Waterproof tapes composed of acrylic, silicone, butyl and more are commonly used for creating a barrier between the building and the water in order to protect the building against water. They are applied in building envelopes such as windows, doors, roofs and nail holes, to prevent water leakage. The recent insights from the Construct Connect state that the US government has funded around US$ 20,000 for the construction of a real estate and development project called One Central project in Chicago. 

In this way, such surging construction activities across the world are expected to increase the demand for waterproof tapes, owing to its above-mentioned benefits. This is expected to expand the waterproof tapes market size during the forecast period.

Waterproof Tapes Market Segment Analysis – By Geography

Asia-Pacific held a dominant Waterproof Tapes Market share of over 38% in the year 2023. The consumption of waterproof tapes is particularly high in this region due to its increasing demand from the construction sector. For instance, the Ho Chi Minh City Committee in Vietnam announced the commencement of building a high-rise commercial-financial service condominium Tower in Tan Phu District which is due for delivery by the end of 2023. Likewise, the development of a high-rise condominium with commercial services, in Ward 16, District 8 of Ho Chi Minh City, is undergoing development and is expected to be completed in 2024. 

The excellent waterproofing and airtight performance of waterproof tapes make them ideal for use in construction sites to cover gaps in walls, ceilings and flooring as they prevent the entry of water such as rainwater into a building. They are also used for closing gaps in building windows, doors, roofs and nail holes, to prevent water leakage. Thus, such surging development associated with the construction sector in the region is expected to increase the demand for waterproof tapes, owing to their above-mentioned usage. This is expected to accelerate the growth of the market during the forecast period.

Waterproof Tapes Market Drivers

An increase in construction activities
Construction activities are considered to be the pillar of growth for a country and also play a major role in increasing the overall global economy. The factors such as urbanization and the rapid pace of development to aid the economic growth of the countries are driving the construction activities in multiple regions across the world. For instance, according to Volvo CE, the construction sector saw an increase in construction activities across multiple regions since the fourth quarter of 2023. South America saw an increase of 13%, Asia by 38%, Europe by 25% and China by 31% in 2023. Hence, an increase in global construction activities is expected to increase the demand for waterproof tapes for use in construction sites to cover gaps in building walls, ceilings, flooring windows, doors and other similar applications of residential or commercial buildings. This is anticipated to drive the growth of the market in the upcoming years.

Surging demand from the automotive industry

Waterproof tapes are primarily used in the automotive industry for general automotive-assembly applications which include securing water shedders inside doors, cable wrapping, fixing wiring to vehicle floors and shell chassis, along with automotive maintenance and repair applications.  The new facility will be responsible for the assembly of a new electric vehicle and aims at increasing electric vehicle production in the country. Hence, an increase in production from the automotive industry is expected to increase the demand for waterproof tapes for use in general automotive assembly, maintenance and repair applications. This is expected to propel the market growth in the upcoming years.

Waterproof Tapes Market Challenges

Fluctuating prices of raw materials may confine the market growth

Some of the raw materials for waterproof tapes are obtained from crude oil. As a result, fluctuations in the prices of crude oil may hinder the growth of the market. As per revised estimates for 2024-30, the COB will be increasing by around 41% from its initial budget estimate. In this way, the uncertainty regarding the price of crude oil also increases the price of raw materials required for the production of waterproof tapes. Thus, such instability and fluctuating prices of raw materials may confine the growth of the waterproof tapes industry during the forecast period.

Waterproof Tapes Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Waterproof Tapes Market. The top companies in Waterproof Tapes Market are:
  1. 3M
  2. DuPont
  3. Huntsman International LLC
  4. Henkel Adhesives Technologies 
  5. Chowgule and Company 
  6. Johnson & Johnson 
  7. H.B. Fuller Company
  8. Bostik
  9. Sika AG
  10. Engineered Bonding Solutions, LLC and others.

Acquisitions/Technology Launches:

In June 2022, tesa, an international manufacturer of innovative adhesive tapes and self-adhesive system solutions, launched an assortment of flame-retardant adhesive tapes. The tesa flameXtinct tape, initially successful in the construction industry, has now found applications in the transport industry and passenger transport

1. Waterproof Tapes Market - Market Overview
    1.1 Definitions and Scope
2. Waterproof Tapes Market - Executive Summary
    2.1 Key Trends by Material
    2.2 Key Trends by Type
    2.3 Key Trends by End-Use Industry
    2.4 Key Trends by Geography
3. Waterproof Tapes Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Waterproof Tapes Market - Startup companies Scenario Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Waterproof Tapes Market – Industry Market Entry Scenario Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Waterproof Tapes Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Waterproof Tapes Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Waterproof Tapes Market – By Material (Market Size - Us$ Million/Billion)
    8.1 Acrylic
    8.2 Silicone
    8.3 Butyl
    8.4 Plastic
        8.4.1 Polyethylene
        8.4.2 Polyethylene Terephthalate
        8.4.3 Polyvinyl Chloride
        8.4.4 Polymethyl Methacrylate
    8.5 Cloth
9. Waterproof Tapes Market – By Type (Market Size - Us$ Million/Billion)
    9.1 Waterproof Reflective Tape
    9.2 Drywall Tape
    9.3 Nonslip Waterproof Tape
    9.4 Gaffer Tape
    9.5 Duct Tape
10. Waterproof Tapes Market- By End-Use Industry (Market Size - US$ Million/Billion)
    10.1 Building & Construction
        10.1.1 Residential Construction
        10.1.2 Commercial Construction
        10.1.3 Industrial Construction
    10.2 Automotive
        10.2.1 Passenger Cars
        10.2.2 Light Commercial Vehicles
        10.2.3 Heavy Commercial Vehicles
    10.3 Marine
        10.3.1 Passenger Ships & Cruises
        10.3.2 Heavy Load Carriers
    10.4 Electrical & Electronics
    10.5 Healthcare
    10.6 Packaging
    10.7 Others
11. Waterproof Tapes Market - By Geography (Market Size - US$ Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Denmark
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Waterproof Tapes Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Waterproof Tapes Market – Industry/Segment Competition Landscape 
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Geography - Major companies
    13.4 Market Share at Country Level - Major companies
    13.5 Market Share by Key Product Type/Product category - Major companies
14. Waterproof Tapes Market – Key Company List by Country Premium Premium
15. Waterproof Tapes Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
   15.1. 3M
    15.2. DuPont
    15.3. Huntsman International LLC
    15.4. Henkel Adhesives Technologies 
    15.5. Chowgule and Company 
    15.6. Johnson & Johnson 
    15.7. H.B. Fuller Company
    15.8. Bostik
    15.9. Sika AG
    15.10 .Engineered Bonding Solutions, LLC and others.

* "Financials would be provided to private companies on best-efforts basis."
Connect with our experts to get customized reports that best suit your requirements. Our reports include global-level data, niche markets and competitive landscape.

LIST OF TABLES

1.Global Waterproof Tapes Market By Resin Type Market 2023-2030 ($M)
1.1 Acrylic Market 2023-2030 ($M) - Global Industry Research
1.2 Silicone Market 2023-2030 ($M) - Global Industry Research
1.3 Butyl Market 2023-2030 ($M) - Global Industry Research
2.Global Waterproof Tapes Market By Substrate Type Market 2023-2030 ($M)
2.1 Plastic Market 2023-2030 ($M) - Global Industry Research
2.2 Metal Market 2023-2030 ($M) - Global Industry Research
2.3 Rubber Market 2023-2030 ($M) - Global Industry Research
3.Global Waterproof Tapes Market By End-Use Industry Market 2023-2030 ($M)
3.1 Automotive Market 2023-2030 ($M) - Global Industry Research
3.2 Healthcare Market 2023-2030 ($M) - Global Industry Research
3.3 Building & Construction Market 2023-2030 ($M) - Global Industry Research
3.4 Electrical & Electronics Market 2023-2030 ($M) - Global Industry Research
3.5 Packaging Market 2023-2030 ($M) - Global Industry Research
4.Global Waterproof Tapes Market By Resin Type Market 2023-2030 (Volume/Units)
4.1 Acrylic Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Silicone Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Butyl Market 2023-2030 (Volume/Units) - Global Industry Research
5.Global Waterproof Tapes Market By Substrate Type Market 2023-2030 (Volume/Units)
5.1 Plastic Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Metal Market 2023-2030 (Volume/Units) - Global Industry Research
5.3 Rubber Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Waterproof Tapes Market By End-Use Industry Market 2023-2030 (Volume/Units)
6.1 Automotive Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Healthcare Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Building & Construction Market 2023-2030 (Volume/Units) - Global Industry Research
6.4 Electrical & Electronics Market 2023-2030 (Volume/Units) - Global Industry Research
6.5 Packaging Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America Waterproof Tapes Market By Resin Type Market 2023-2030 ($M)
7.1 Acrylic Market 2023-2030 ($M) - Regional Industry Research
7.2 Silicone Market 2023-2030 ($M) - Regional Industry Research
7.3 Butyl Market 2023-2030 ($M) - Regional Industry Research
8.North America Waterproof Tapes Market By Substrate Type Market 2023-2030 ($M)
8.1 Plastic Market 2023-2030 ($M) - Regional Industry Research
8.2 Metal Market 2023-2030 ($M) - Regional Industry Research
8.3 Rubber Market 2023-2030 ($M) - Regional Industry Research
9.North America Waterproof Tapes Market By End-Use Industry Market 2023-2030 ($M)
9.1 Automotive Market 2023-2030 ($M) - Regional Industry Research
9.2 Healthcare Market 2023-2030 ($M) - Regional Industry Research
9.3 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
9.4 Electrical & Electronics Market 2023-2030 ($M) - Regional Industry Research
9.5 Packaging Market 2023-2030 ($M) - Regional Industry Research
10.South America Waterproof Tapes Market By Resin Type Market 2023-2030 ($M)
10.1 Acrylic Market 2023-2030 ($M) - Regional Industry Research
10.2 Silicone Market 2023-2030 ($M) - Regional Industry Research
10.3 Butyl Market 2023-2030 ($M) - Regional Industry Research
11.South America Waterproof Tapes Market By Substrate Type Market 2023-2030 ($M)
11.1 Plastic Market 2023-2030 ($M) - Regional Industry Research
11.2 Metal Market 2023-2030 ($M) - Regional Industry Research
11.3 Rubber Market 2023-2030 ($M) - Regional Industry Research
12.South America Waterproof Tapes Market By End-Use Industry Market 2023-2030 ($M)
12.1 Automotive Market 2023-2030 ($M) - Regional Industry Research
12.2 Healthcare Market 2023-2030 ($M) - Regional Industry Research
12.3 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
12.4 Electrical & Electronics Market 2023-2030 ($M) - Regional Industry Research
12.5 Packaging Market 2023-2030 ($M) - Regional Industry Research
13.Europe Waterproof Tapes Market By Resin Type Market 2023-2030 ($M)
13.1 Acrylic Market 2023-2030 ($M) - Regional Industry Research
13.2 Silicone Market 2023-2030 ($M) - Regional Industry Research
13.3 Butyl Market 2023-2030 ($M) - Regional Industry Research
14.Europe Waterproof Tapes Market By Substrate Type Market 2023-2030 ($M)
14.1 Plastic Market 2023-2030 ($M) - Regional Industry Research
14.2 Metal Market 2023-2030 ($M) - Regional Industry Research
14.3 Rubber Market 2023-2030 ($M) - Regional Industry Research
15.Europe Waterproof Tapes Market By End-Use Industry Market 2023-2030 ($M)
15.1 Automotive Market 2023-2030 ($M) - Regional Industry Research
15.2 Healthcare Market 2023-2030 ($M) - Regional Industry Research
15.3 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
15.4 Electrical & Electronics Market 2023-2030 ($M) - Regional Industry Research
15.5 Packaging Market 2023-2030 ($M) - Regional Industry Research
16.APAC Waterproof Tapes Market By Resin Type Market 2023-2030 ($M)
16.1 Acrylic Market 2023-2030 ($M) - Regional Industry Research
16.2 Silicone Market 2023-2030 ($M) - Regional Industry Research
16.3 Butyl Market 2023-2030 ($M) - Regional Industry Research
17.APAC Waterproof Tapes Market By Substrate Type Market 2023-2030 ($M)
17.1 Plastic Market 2023-2030 ($M) - Regional Industry Research
17.2 Metal Market 2023-2030 ($M) - Regional Industry Research
17.3 Rubber Market 2023-2030 ($M) - Regional Industry Research
18.APAC Waterproof Tapes Market By End-Use Industry Market 2023-2030 ($M)
18.1 Automotive Market 2023-2030 ($M) - Regional Industry Research
18.2 Healthcare Market 2023-2030 ($M) - Regional Industry Research
18.3 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
18.4 Electrical & Electronics Market 2023-2030 ($M) - Regional Industry Research
18.5 Packaging Market 2023-2030 ($M) - Regional Industry Research
19.MENA Waterproof Tapes Market By Resin Type Market 2023-2030 ($M)
19.1 Acrylic Market 2023-2030 ($M) - Regional Industry Research
19.2 Silicone Market 2023-2030 ($M) - Regional Industry Research
19.3 Butyl Market 2023-2030 ($M) - Regional Industry Research
20.MENA Waterproof Tapes Market By Substrate Type Market 2023-2030 ($M)
20.1 Plastic Market 2023-2030 ($M) - Regional Industry Research
20.2 Metal Market 2023-2030 ($M) - Regional Industry Research
20.3 Rubber Market 2023-2030 ($M) - Regional Industry Research
21.MENA Waterproof Tapes Market By End-Use Industry Market 2023-2030 ($M)
21.1 Automotive Market 2023-2030 ($M) - Regional Industry Research
21.2 Healthcare Market 2023-2030 ($M) - Regional Industry Research
21.3 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
21.4 Electrical & Electronics Market 2023-2030 ($M) - Regional Industry Research
21.5 Packaging Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Waterproof Tapes Market Revenue, 2023-2030 ($M)
2.Canada Waterproof Tapes Market Revenue, 2023-2030 ($M)
3.Mexico Waterproof Tapes Market Revenue, 2023-2030 ($M)
4.Brazil Waterproof Tapes Market Revenue, 2023-2030 ($M)
5.Argentina Waterproof Tapes Market Revenue, 2023-2030 ($M)
6.Peru Waterproof Tapes Market Revenue, 2023-2030 ($M)
7.Colombia Waterproof Tapes Market Revenue, 2023-2030 ($M)
8.Chile Waterproof Tapes Market Revenue, 2023-2030 ($M)
9.Rest of South America Waterproof Tapes Market Revenue, 2023-2030 ($M)
10.UK Waterproof Tapes Market Revenue, 2023-2030 ($M)
11.Germany Waterproof Tapes Market Revenue, 2023-2030 ($M)
12.France Waterproof Tapes Market Revenue, 2023-2030 ($M)
13.Italy Waterproof Tapes Market Revenue, 2023-2030 ($M)
14.Spain Waterproof Tapes Market Revenue, 2023-2030 ($M)
15.Rest of Europe Waterproof Tapes Market Revenue, 2023-2030 ($M)
16.China Waterproof Tapes Market Revenue, 2023-2030 ($M)
17.India Waterproof Tapes Market Revenue, 2023-2030 ($M)
18.Japan Waterproof Tapes Market Revenue, 2023-2030 ($M)
19.South Korea Waterproof Tapes Market Revenue, 2023-2030 ($M)
20.South Africa Waterproof Tapes Market Revenue, 2023-2030 ($M)
21.North America Waterproof Tapes By Application
22.South America Waterproof Tapes By Application
23.Europe Waterproof Tapes By Application
24.APAC Waterproof Tapes By Application
25.MENA Waterproof Tapes By Application
26.3M, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Nitto Denko, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Tesa, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Johnson & Johnson, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Henkel, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Medline Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Furukawa Electric, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Avery Dennison, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Scapa, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Teraoka Seisakusho, Sales /Revenue, 2015-2018 ($Mn/$Bn)