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Waterproof tapes market worth $13.95 billion by 2022

Waterproof Tapes Markets growth factors are multiple as waterproof tapes help automotive manufacturers in providing protection against abrasion, insulating slabs, caulking openings, wrapping cable harness, masking during varnishing, and supporting functions during the assembly. The Waterproof Tapes Market has a growing demand from the ultimate customer such as building & construction, automotive, electrical & electronics, healthcare, packaging etc.

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The Waterproof Tapes Market is projected to grow at a CAGR of 6.97% between 2017 and 2022. The Waterproof Tapes Market Report is an analytical guide providing information about the key company profiles, industry insights and market forecast.

Waterproof Tapes Market report is brief about the corporate opportunities present in the future for the Waterproof Tapes industry.

Complete report is now available on Waterproof Tapes Market by Adhesive (Acrylic, Silicone, Butyl), Substrate (Metals, Plastics, Rubber), End-Use Industry (Building & Construction, Automotive, Electrical & Electronics, Healthcare, Packaging), and Region - Global Forecast to 2022 at www.rnrmarketresearch.com/waterpro…rket-report.html

Based on adhesive, the silicone segment of the waterproof tapes market is projected to witness the highest growth during the forecast period.

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Silicone-based waterproof tapes offer distinct advantages, as these adhesives cure immediately at room temperature and offer high bonding strength. These tapes provide optimized and efficient bonding solutions for various substrates.

The waterproof tapes market is projected to grow from an estimated USD 9.96 billion in 2017 to USD 13.95 billion by 2022, at a CAGR of 6.97% between 2017 and 2022. The growing demand from end-use industries, such as building & construction, automotive, electrical & electronics, healthcare, packaging, and others, is expected to fuel the growth of the waterproof tapes market.

Waterproof tapes help automotive manufacturers in providing protection against abrasion, insulating slabs, caulking openings, wrapping cable harness, masking during varnishing, and supporting functions during the assembly. Stringent environmental regulations in North America and Europe countries may act as a restraint for the growth of the market in the near future.

Based on region, Asia Pacific is expected to be the fastest-growing market for waterproof tapes. The growth of the market in the region is majorly driven by the presence of emerging economies, such as China and India.

China is projected to lead the waterproof tapes market in Asia Pacific during the forecast period.

This report provides a detailed segmentation of the waterproof tapes market on the basis of adhesive, substrate, end-use industry, and region. Based on resin, the waterproof tapes market has been segmented into acrylic, silicone, butyl, and others.

Based on substrate, the market has been segmented into metals, plastics, rubber, and others. Based on end-use industry, the market has been segmented into building & construction, automotive, electrical & electronics, healthcare, packaging, and others.

Based on region, the market has been segmented into the Asia Pacific, Europe, North America, South America, and the Middle East & Africa.

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Break of primary participants in Waterproof Tapes Market was as mentioned below:

By Company Type - Tier 1–40%, Tier 2–30%, and Tier 3–30%

By Designation–C-level–42%, D-level–33%, and Others–25%

By Region–AsiaPacific–35%, North America–28%, Europe–24%, the Middle East&Africa–7%, and South America–6%

Major players of Waterproof Tapes Market Report are:

3M Company (US), Avery Dennison (US), Nitto Denko (Japan), Henkel (Germany), Tesa (Germany), and Scapa Group (UK)are the key players operating in the waterproof tapes market.

Key Benefits of Waterproof Tapes Market Report

This report covers the following aspects that will benefit the client:

Market segmentation on the basis of type, application, and region

Market dynamics including drivers, restraints, and opportunities

Porter’s Five Forces analysis

Profile of key players in the global Waterproof Tapes market

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