Sarasota, FL -- (SBWIRE) -- 06/06/2018 -- Global Waterproof Tapes Market: Overview
Waterproof tapes mainly offer outstanding air movement resistance, weather resistance, anti-aging performance as well as moisture-proof properties. Extensive utilization of waterproof tapes in different divisions such as construction, automotive, electrical equipment, consumer electronics, packaging, medical sectors, and others are likely to create high demand and requirement of this product. In addition, production of waterproof tapes by several key companies and their sales in various regions is likely to make the global market more demanding and popular in the coming future.
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Global Waterproof Tapes Market: Growth Factors
The market is projected to see high development in the years to come, owing to growing demand and popularity for the waterproof tapes from several end-use sectors such as electrical & physics, automotive, building & construction, healthcare, and packaging. In terms of adhesive, the silicone division of the global waterproof tapes market is anticipated to observe the maximum expansion in the coming future. Waterproof tapes based on silicone present distinct benefits, as these adhesives, cure instantly at room temperature as well as offer high bonding power. These tapes also provide efficient and optimized bonding solutions for different substrates. Waterproof tapes also help the automotive producers by offering protection against abrasion, wrapping cable harness, caulking openings, insulating slabs, masking during varnishing, as well as supporting functions at the time of assembly. Owing to all these features the waterproof tapes market is gaining traction across the world. In addition, strict environmental policies in the developed regions can act as a major challenge for the expansion of the market in the years to come.
Global Waterproof Tapes Market: Segmentation
The global waterproof tapes market is classified in terms of substrate, adhesive, end-use industry, and region. In terms of adhesive, the global waterproof tapes market is categorized into silicone, acrylic, butyl, and others. The global waterproof tapes market in terms of the substrate is categorized into plastics, metals, rubber, and others. In terms of end-user sector, the market is divided into automotive, building & construction, healthcare, electrical & electronics, packaging, and others. In terms of end-user industry, the healthcare division of the global waterproof tapes market is anticipated to observe the highest development in the coming future. The metals substrate division of the global waterproof tapes market is projected to lead and dominate the market in the coming years. Waterproof tapes are majorly utilized to bond a broad range of metal alloys and metals in different end-use sectors, such as building & construction, automotive, healthcare, marine, and electrical & electronics, among others.
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Global Waterproof Tapes Market: Regional Analysis
Among the regions, the global waterproof tapes market in the Asia Pacific is anticipated to observe immense development in the coming future. The development of the global waterproof tapes market in the Asia Pacific is likely to attribute to the increasing demand and requirement for the waterproof tapes particularly from countries such as China, Vietnam, Singapore, and Taiwan, among others. Increasing environmental regulations in Europe and North America is expected to hold back the expansion of the global waterproof tapes market in the years to come.
Global Waterproof Tapes Market: Competitive Players
Some of the most important market players in the global waterproof tapes market are Avery Dennison, 3M Company, Henkel, Nitto Denko, Scapa Group, and Tesa, among others.
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Global Waterproof Tapes Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa