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Water Blocking Tapes Market Size

Report ID: GMI8957
Published Date: Apr 2024
Report Format: PDF

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Water Blocking Tapes Market Size

Water Blocking Tapes Market was valued at around USD 401.3 million in 2023 and is anticipated to register a CAGR of over 5.7% between 2024 and 2032. The water blocking tapes sector offers tailored remedies aimed at shielding cable systems from water infiltration. Crucial across power transmission, telecommunications, and automotive sectors, these products come in swellable and non-swellable forms, employing materials such as rubber and polyurethane to fend off moisture, thereby prolonging cable lifespan and efficacy.

Water Blocking Tapes Market

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The global market shows promising prospects as industries like telecommunications, power transmission, and automotive sectors seek reliable cable protection solutions. Advancements in material science and a growing emphasis on infrastructure development are driving the demand for cable systems with effective moisture resistance, indicating a steady growth trajectory for the market.

Water Blocking Tapes Market Report Attributes
Report Attribute	Details
Base Year:	2023
Water Blocking Tapes Market Size in 2023:	USD 401.3Million
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	5.7%
2032 Value Projection:	USD 660.9 million
Historical Data for:	2018 – 2023
No. of Pages:	350
Tables, Charts & Figures:	530
Segments covered:	Conductivity, Adhesive Side, End-Use Industry
Growth Drivers:	Increasing demand for telecommunication infrastructure Growing investments in infrastructure development Rising awareness of environmental sustainability Technological advancements in tape manufacturing
Pitfalls & Challenges:	Intense competition and price pressure Environmental regulations and sustainability concerns

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The water blocking tapes market is experiencing growth propelled by two primary factors such as the expansion of telecommunications infrastructure and the growing demand for reliable power transmission systems. Robust cable protection solutions are essential to accommodate the surge in telecommunications activities like fiber optics installation and network expansion. Similarly, the increasing emphasis on smart grid initiatives and renewable energy sources drives the need for trustworthy power transmission cables. Consequently, the demand for effective water blocking tapes to shield cable systems from moisture intrusion rises, as industries prioritize dependable connectivity and efficient energy distribution.

The water blocking tapes industry encounters significant challenges stemming from complex technological advancements and stringent regulatory frameworks. Developing water blocking tapes capable of effectively repelling moisture while retaining flexibility and durability poses technical complexities. Moreover, ensuring compliance with rigorous standards, particularly in sectors such as automotive and telecommunications, necessitates ongoing innovation. Addressing compatibility issues with diverse cable types and environments further complicates product development and certification processes, presenting obstacles for manufacturers in this market segment.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for water blocking tapes recorded USD 401.3 million in 2023 and will grow at a 5.7% CAGR between 2024 and 2032 owing to increasing demand in the telecommunications sector, especially for fiber optic cables and the growth of the construction industry.

The single-sided tape segment achieved 72.3% of the water blocking tapes industry share in 2023 and will register 73% share by 2032, attributed to its wide application in telecommunications, construction, and electrical utilities.

Asia Pacific industry size was 125.8 million in 2023 and will register USD 211.5 million by 2032, driven by the region's burgeoning construction and infrastructure development activities.

Prominent market players are 3M, Advance Tapes International Ltd (UK), Berry Global Group, Inc. (US), Star Materials, Intertape Polymer Group (Canada), Nichiban Co., Ltd. (Japan), Fori Group, Scapa Group Ltd (UK), Navank Consultants, Nantong Siber Communication among others.