The global water blocking tape market size was US$ 354.1 million in 2021. The global water blocking tape market size is forecast to reach US$ 554.0 million by 2030, growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030.
Water-absorbing and water-swellable tapes quickly absorb liquid and swell to stop any further entrance at the point of insulation failure. This minimizer cable damage, contained and simple to locate and repair. The polyester non-woven fabric used to make non-conductive water blocking tape is caustic-free and extremely pliable. Its exceptional swelling height and speed allow it to efficiently block water and mist to protect the cable. When water contacts a wire covered with waterproof tape, the tape's incredibly absorbent powder quickly transforms into a waterproof gel, stopping further deterioration.
Factors Influencing Market Growth
• The growing demand for water blocking tapes in power and telecommunication projects drives the global market.
• The rising product demand from the construction industry fuels global market growth.
• The growing investments in the energy sector boost the global market growth.
• The changing raw material prices may slow down the overall market growth.
• The rising demand for latency-free communication devices is forecast to offer lucrative opportunities for the global market.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Several governments worldwide imposed a lockdown in order to curb the virus from spreading. In nearly all of the major economies, the pandemic had halted the manufacturing of non-essential products. The epidemic forced the suspension of the majority of the ongoing and upcoming construction projects. The need for water-blocking tape products used in various cable applications decreased as a result. Due to the extremely low demand, businesses had to reduce production and labor in order to maintain profitability.
The Asia Pacific region accounted for a substantial market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the rising energy infrastructure investments and increasing cross-regional power and data cables. In addition, the availability of raw materials and affordable labor resources fuel the market growth in the region.
The leading prominent companies profiled in the global water blocking tape market are:
• Gujranwala Electric Power Company (GEPCO)
• Chase Corporation
• Hanyu Cable Materials
• Indore Composite
• Star Materials
• Chhaperia International Company
• Unitape Unitape
• Hongzhuo Photoelectric Materials Technology
• Suzhou Taifang
• Weihai Hongda Cable Material
• Other Prominent Players
Scope of the Report
The global water blocking tape market segmentation focuses on Conductive Type, Application, and Region.
Segmentation based on Conductive Type
Segmentation based on Application
• Optical Fiber Cable
• Submarine Cable
• Power Cable
• Communication cable
Segmentation based on Region
• North America
• The U.S.
• Western Europe
• The UK
• Rest of Western Europe
• Eastern Europe
• Rest of Eastern Europe
• Asia Pacific
• Australia & New Zealand
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Rest of South America
Meta Title: Water Blocking Tape Market Size, Share, Insight and Forecast 2022 to 2030
Meta Description: Global Water Blocking Tape Market is projected to reach US$ 554.0 million by the end of 2030 from US$ 354.1 million in 2021, at a CAGR of 5.1%
Meta Keywords: water blocking tape market Size, water blocking tape market share, water blocking tape market trend, water blocking tape market Forecast, water blocking tape market insight