[139 Pages Report] The waterproof tapes market is projected to reach USD 13.95 billion by 2022, at a CAGR of 6.97% between 2017 and 2022. Waterproof tapes generally consist of a flexible carrier or backing material with a layer of permanently tacky adhesive, which at room temperature sticks to most substrates under light pressure. They offer excellent water-resistance, moisture-proof properties, air movement resistance, weather resistance, and anti-aging performance.
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Waterproof tapes are used in the automotive, electrical & electronics, healthcare, building & construction, and packaging end-use industries in a diverse range of applications, such as first aid, sealing, HVAC duct connections, electrical & electronic wiring & harness protection, and cable wrapping. They are also used to secure water shedders inside doors, affix wiring to vehicle floors, and secure protective canvas & plastic coverings.
Key players in the waterproof tapes market are adopting various organic and inorganic growth strategies to increase their businesses and strengthen their position in the market. New product developments/launches and mergers & acquisitions are the major strategies undertaken by key players to enhance their product portfolio and expand their global presence. Some of the leading manufacturers of waterproof tapes include 3M (US), Avery Dennison (US), Nitto Denko (Japan), Henkel (Germany), Tesa (Germany), and Scapa Group (UK).
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