Water Blocking Tapes Market To Reach $607.9 Million By 2030

Water Blocking Tapes Market Growth & Trends

The global water blocking tapes market size is anticipated to reach USD 607.9 million by 2030 and is projected to grow at a CAGR of 5.1% from 2024 to 2030, according to a new report by Grand View Research, Inc.This market growth can be attributed to the growth of various end-use industries of the product such as automotive, infrastructure, energy, and telecommunication. The water blocking tapes are used in these industries to provide protection against moisture and water to the wires and cables used.

The industry is further expected to witness the growth on account of growing requirement of digital services and high-speed internet owing to rising urbanization in several countries across the globe. In addition, the emergence of new technologies such as IoT devices, smart cities, and 5G networks is expected to offer new growth opportunities to the industry players.

Furthermore, the renewable energy projects are further witnessing increased investments which is further driving the demand for reliable water blocking systems for the protection of cables. This is also anticipated to drive the market growth over the forecast period.

Many countries face natural disasters, adverse weather conditions, and climate challenges which result in exposure of outdoor infrastructure to water and moisture. This has emerged the demand for protection to prevent infrastructure damage incurring high repair and maintenance costs. Thereby, growing the adoption of water blocking systems such as tapes.

The market consists of a wide range of products such as conductive, non-conductive, and semi-conductive tapes with a variety of applications including submarine cables, power cables, optical fiber cables, and communication cables.

Value chain of the industry comprises raw material suppliers, product manufacturers, distributors, and end-users. Various raw materials used for production include additives, resins, and polymers. Market is also witnessing innovation in terms of raw materials such as use of nanocomposites for production.

In addition, use of recycled raw materials to comply with sustainability standards is anticipated to offer new innovation opportunities to the players. Furthermore, the industry serves various end-user industries including construction, automotive, energy, telecommunication, and infrastructure. This makes the market highly end-user concentrated as they have wide range of options to choose from.

The market has presence for many substitutes of the product such as liquid sealants, heat shrink tubing, costings, waterproof tapes, and resin or wax-based compounds. However, water blocking tapes offer an effective and efficient solution for protecting cables from moisture and water. They are opting for wide range of applications on account of its ease of installation and compatibility with various cables.

Manufactures of water blocking tapes use a variety of manufacturing processes to produces product with specific properties including conductivity and moisture repellency. Furthermore, players are involved in adoption of various strategies such as acquisition and partnership to grow their offerings and increase their market share in different regions.

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Water Blocking Tapes Market Report Highlights

• Based on conductive type, the semi-conductive segment led the market with the largest revenue share of around 32.7% in 2023. This product is suitable with both non-metallic and metallic cables such as fiber optic cables and copper cables. In addition, it dissipates the static electricity which reduces the risk of electric shocks and damages

• Based on application, the submarine cables led the market with the largest revenue share of 29.5% in 2023. These cables utilize water blocking tapes to prevent water intrusion and maintain the electrical integrity in harsh environments. Submarine cables are used for offshore wind farms, oil & gas exploration, and underwater communication

• Europe accounted for a significant share of global market in 2023. The region comprises many developed economies, such as Germany, the UK, Russia, Italy, and France, with well-established construction sectors. Furthermore, the presence of an established automotive sector in the region is further expected to contribute to the product demand over the year

Water Blocking Tapes Market Segmentation

Grand View Research has segmented the global water blocking tapes market report based on conductive type, application, and region:

Water Blocking Tapes Conductive Type Outlook (Revenue, USD Million, 2018 - 2030)

• Non-conductive

• Semi-conductive

• Conductive

Water Blocking Tapes Application Outlook (Revenue, USD Million, 2018 - 2030)

• Submarine Cable

• Power Cable

• Optical Fiber Cable

• Communication Cable

• Others

Water Blocking Tapes Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

• Central & South America

  • Brazil

• Middle East & Africa

  • Saudi Arabia

List of Key Players in the Water Blocking Tapes Market

• Chase Corporation

• Chengdu Centran Industrial

• Chhaperia International Company

• Ekstel

• Scapa

• Fori Group

• Geca Tapes

• Gurfil

• Hanyu Cable Materials

• Lifeline Technologies