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Water Blocking Tapes Market Trends

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

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Water Blocking Tapes Market Trends

Progress in materials science is driving the creation of water blocking tapes with improved durability and resistance to moisture, emerging as a significant trend. The growing call for sustainable solutions is urging manufacturers to prioritize eco-friendly products. Furthermore, increased investments in global infrastructure and telecommunications projects underscore the necessity for dependable cable protection solutions. Simultaneously, the adoption of intelligent sensors and self-repairing capabilities in water blocking tapes is increasingly popular, enhancing their effectiveness in diverse applications.

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.