Water Blocking Tapes Market

The global water blocking tapes market size was valued at USD 397.06 Billion in 2022 , is expected to reach USD 648.38 Billion by 2031 and expanding at a CAGR of 5.6% during the forecast period, 2023–2031. The growth of the market is attributed to the increasing product demand from construction industry.

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Water blocking tapes absorb liquid fast at the site of insulation failure and swell to stop further entrance. Water-absorbent polymers that are placed under layers of cloth using the ultrasonic bonding process are examples of water-blocking chemicals. Optical fibre, submarine, power, communication, and other cables all employ water blocking tapes. Non-conductive water blocking tape is made of a super-swelling polyester non-woven fabric that is not caustic. It can effectively block water and mist to protect the cable due to its outstanding swelling speed and swelling height. When water penetrates a cable protected by waterproof tape, the extremely absorbent powder in the tape produces a watertight gel almost instantaneously, preventing further damage to the cable.

The COVID-19 pandemic has affected the market for water blocking tapes globally, due to a drop in demand from the many uses of the cables sector.  The pandemic hit hard and disrupted operations and worldwide supply chains in a variety of sectors, resulting in a drop in demand and growth in the water blocking tapes market. Several governments have implemented lockdowns in 2020 to prevent the virus from further spreading. Companies are still attempting to cope with the pandemic unexpected impact, and they must work efficiently to enhance their supply chain and distribution network in order to meet future demand for water blocking tapes and deal with market volatility. The market is picking up speed, thanks to improving markets and end-use sectors, and increased building projects and investment on the cables industry throughout the world.

Market Trends, Drivers, Restraints, and Opportunities

• Rising demand for latency free telecommunication devices is expected to drive the market.

• Increasing application of water blocking tape in various industry is projected to propel the market during the forecast period.

• Maintaining uninterrupted supply chain is anticipated to hinder the market.

• Volatility in raw material prices is expected to hamper the market in the coming years.

• Production of tapes as per specific applications is projected to create lucrative opportunities for market players. 

Scope of the Report

The report on the global water blocking tapes market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights

Power cable segment to expand at a considerable CAGR

On the basis of applications, the water blocking tapes market is segmented into submarine cable, optical fiber cable, power cable, and communication cable. The power cable segment is projected to expand at a considerable CAGR during the forecast period, due to fine finishing, tensile strength, and excellent waterproofing. The communication cable segment is anticipated to account for a major market share during the forecast period. The water blocking tapes provides low electrical resistance and good cushioning properties.

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Non-conductive segment to hold a significant share of the market

Based on conductive types, the market is divided into non-conductive, semi-conductive, and conductive. The non-conductive segment is expected to hold a significant share of the market in the coming years. Non-conductive tape is widely utilized in various houses, hotels, businesses, and other similar locations. The semi-conductive segment accounts for a significant market share, as it quickly blocks water and moisture between the elements and preserve the cable very efficiently.

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the water blocking tapes market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the forecast period, owing to growing energy infrastructure investments and growing cross-regional power and data cables in the region. The market in North America is anticipated to expand at a rapid pace during the forecast period, due to availability of raw materials and cheap labor resources in the region.  

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Segments

The global water blocking tapes market has been segmented on the basis of

Applications

• Submarine Cable
• Optical Fiber cable
• Power Cable
• Communication Cable

Conductive Types

• Non-conductive
• Semi-conductive
• Conductive

Regions

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• Tesa SE
• Scapa Group Ltd
• Intertape Polymer Group
• Beery Global Inc.
• Nichiban Co., Ltd.
• Sika AG
• 3M
• Nitto Denko Corporation

Competitive Landscape

Key players competing in the global water blocking tapes market are Tesa SE; Scapa Group Ltd; Intertape Polymer Group; Beery Global Inc.; Nichiban Co., Ltd.; Sika AG; 3M; and Nitto Denko Corporation.
These firms are employing a variety of inorganic and organic techniques to get a foothold in the water blocking tapes sector. The research offers a comprehensive competitive analysis of these top competitors in the water blocking tapes market, including company biographies, recent developments, and important market strategies.