The waterproof tapes market is projected to grow from USD 15.5 billion in 2022 to USD 21.3 billion by 2027, at a CAGR of 6.6% between 2022 and 2027. Asia Pacific is estimated to be the largest consumer of waterproof tapes. The global waterproof tapes major players have made several strategic developments across value chain to focus on changing customer preferences.
The key players profiled in the Waterproof tapes market report are 3M (US), Nitto Denko Corporation (Japan), tesa SE (Germany), Johnson & Johnson (US), and Henkel AG & CO. KGAA (Germany).
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3M Company is a diversified chemical company that offers a wide range of products including adhesives, bonding materials, coatings, and specialty materials. 3M operates in four business segments: safety and industrial, transportation and electronics, healthcare, and consumer. 3M Company manufactures adhesive tapes for varied applications through the industrial and consumer segments. The company operates in 70 countries (including production site and corporate operation) and offers products and solutions in 200 countries in the Americas, Asia-Pacific, Europe, and the Middle East & Africa.
Nitto Denko Corporation manufactures and sells adhesives, optical films, semiconductor devices, electronics, and medical products. The company operates through three segments: optronics, industrial tape, and life sciences. The optronics segment provides LCD-related materials and other processing materials; the industrial tape segment provides bonding and joining products as well as engineering plastics, and the life sciences segment provides adhesive tapes for use in the medical sector.
Waterproof Tapes Market by Resin (Acrylic, Silicone, Butyl), Substrate Type (Plastic, Metal, Rubber), End-Use Industry (Electrical & Electronics, Automotive, Building & Construction, Healthcare, Packaging) and Region - Global Forecast to 2027
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