Global Water Blocking Tapes Market Key Growth Factor Analysis & Research Study 2027
Posted by Karthik Pilla on July 5th, 2022
Bharat Book Bureau Provides the Trending Market Research Report on “Water Blocking Tapes Market by Conductive Type (Conductive, Semi-conductive, Non-conductive), Application (Optical Fiber cable, Submarine cable, Power cable Communication cable) and Region (North America, Europe, APAC, RoW) - Global Forecast to 2027” under Chemical & Materials Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports.
The Water Blocking Tapes Market is estimated to be USD 378 million in 2022 and is projected to reach USD 495 million by 2027, at a CAGR of 5.5% between 2022 and 2027. The increasing demand for water blocking tapes in power and telecommunication projects is one of the most significant factors projected to drive the growth of the water blocking tapes market. However, the negative impact of the COVID-19 pandemic across all the end-users has affected the water blocking tapes market adversely.
“Non-conductive water blocking tapes leads the market.”
The water blocking tapes market is segmented into three different types, namely, conductive, semi-conductive, and non-conductive tapes. The market is led by the non-conductive water blocking tapes. These tapes are made of a super-swelling polyester non-woven fabric. They can effectively block water and mist to protect the cable through its outstanding swelling speed and swelling height. The non-conductive water blocking tapes absorb liquid quickly at the point of insulation failure and swell swiftly to prevent further penetration. This minimizes cable damage, keeps it fully encased, and makes it easy to detect and repair.
“Increasing investments in energy sector drives the water blocking tapes market”
Various countries across the globe are focusing on improving their energy self-sufficiency and improving their energy infrastructure. Various developing countries such as India, Indonesia, Brazil, and South Africa are investing in developing a country-wide grid to meet the energy demands, improving the standards of power delivery with better technology, and reduced costs of operations. Most of the power distribution cables are not great in energy efficiency. The newer power cable technology to mitigate these issues are manufactured to reduce the energy losses during transmission while improving the safety factors of those cables. These newer cables market is expected to grow with the increased investments, which will positively drive the water blocking tapes application in the power cable industry applications.
According to OECD’s report, the energy consumption from the industrial sector is about 39%, transportation is 27%, the residential sector is 19%, the commercial sector is 8%, and the remaining is consumed by agricultural and other sectors.
“regulatory policies increasingly becomes stringent challenges the growth of water blocking tapes”
The chemical industry in Europe and North America is facing challenges from regulatory authorities, such as the Control of Substances Hazardous to Health (COSHH), the European Union (EU), the Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH), the Globally Harmonized System (GHS), and the Environmental Protection Agency (EPA). Manufacturers in these regions are required to follow regulations regarding the production as well as usage of water blocking tapes for various applications to reduce the emissions of VOCs. These regulations require manufacturers to change their technologies from solvent-based to water-based, which is a major challenge for them because solvent-based adhesive tapes offer durability and can withstand a high range of temperatures. This makes these tapes suitable for a wide range of applications, unlike water-based adhesive tapes.
“North America to be the second-fastest-growing region in water blocking tapes market in terms of both value and volume”
North America is one of the major markets for water blocking tapes and has been dominating in terms of demand as well as product innovation. The US accounted for the largest share in terms of value and volume, of water blocking tapes market in 2021. Canada and Mexico also contributed significantly to the market. Technological advancements in the manufacturing sector have driven the market in this region.
This study has been validated through primary interviews conducted with various industry experts globally. These primary sources have been divided into the following three categories:
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About the AuthorKarthik Pilla
Joined: March 29th, 2019
Articles Posted: 716
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