The main purpose of waterproof tapes is to protect the materials from water. Waterproof tapes 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. Waterproof tapes offer excellent water resistance, moisture-proof properties, air movement resistance, weather resistance, and anti-aging performance. These tapes are used in the automotive, electrical & electronics, healthcare, building & construction, and packaging industries.

The global waterproof tapes market is estimated at USD 9.96 Billion in 2017 and is projected to reach USD 13.95 Billion by 2022, at a CAGR of 6.97% from 2017 to 2022. The demand for waterproof tapes has been increasing in end-use industries, such as building & construction, automotive, electrical & electronics, healthcare, packaging, and others. Several manufacturers of waterproof tapes are undertaking R&D to develop sustainable adhesives and overcome the limitations of traditional fastening methods.

Based on adhesives, the waterproof tapes market is segmented into acrylic, silicone, butyl, and others. The silicone segment of the waterproof tapes market is projected to witness the highest growth during the forecast period from 2017 to 2022. Silicone adhesives provide exceptional bonding strength to various substrates, including plastics and rubber. Silicone adhesives exhibit properties, such as high heat resistance, excellent adhesion properties, long-term performance, and resistant to aqueous solutions, dilute acids, bases, and solvents.

The waterproof tapes market is segmented, based on substrate, into metals, plastics, rubber, and others. The metal segment of the market is projected to witness the highest growth during the forecast period from 2017 to 2022. Metal substrate-based waterproof tapes are extra-strong. The non-woven fabric of the tapes provides them remarkable tensile strength and excellent tear resistance.

The waterproof tapes market is segmented, based on end-use industry, into building & construction, automotive, electrical & electronics, healthcare, packaging, and others. The healthcare segment of the waterproof tapes is projected to witness the highest growth during the forecast period from 2017 to 2022. Waterproof tapes are used to cover wounds, fix cover shields during surgeries, and protect abrasions, cuts, minor burns, blisters, and incisions.

The Asia Pacific waterproof tapes market is projected to witness the highest growth during the forecast period. The growth of the market in Asia Pacific can be attributed to the rising demand for waterproof tapes from countries, such as India, China, South Korea, Vietnam, Taiwan, and Singapore, among others.

Stringent environmental regulations in North America and Europe may restrain the growth of the waterproof tapes market in the coming years.

Key players operating in the waterproof tapes market include 3M Company (US), Avery Dennison (US), Nitto Denko (Japan), Henkel (Germany), Tesa (Germany), and Scapa Group (UK).