HOME Research Insight Avery Dennison (US) and Scapa Group (UK) are the Key Players in the Waterproof Tapes Market

Avery Dennison (US) and Scapa Group (UK) are the Key Players in the Waterproof Tapes Market

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

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. These strategies accounted for all the strategic developments that took place in the waterproof tapes market between 2014 and 2017. Top players are also focusing on entering new markets by launching technologically advanced waterproof tapes for varied end-use industries. 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).

Avery Dennison (US) is one of the key market players in the waterproof tapes market with an extensive product portfolio in waterproof tapes. In 2017, the company opened a new facility, the Electronics Solutions and Technology Center, in California (US). This new facility will provide engineering solutions and services to Avery Dennison’s electronics industry customers.

Scapa Group (UK). is another key player that has established a strong foothold in the waterproof tapes market, and offers various resin-based waterproof tapes as part of its product portfolio. The company recently acquired EuroMed (US), a medical device manufacturer that specializes in wound care technologies that will provide Scapa Group opportunities for growth in new markets.

Related Reports:

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

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