Dublin, July 06, 2022 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.
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.
Non-conductive water-blocking tapes lead 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 the energy sector drive 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.
Regulatory policies increasingly become 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).
North America is 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 the 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.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Significant Growth Expected in Water Blocking Tapes Market Between 2022 and 2027
4.2 Non-Conductive Type Led Water Blocking Tapes Market
4.3 Submarine Cable Application Led Water Blocking Tapes Market
4.4 UK to be Fastest-Growing Water Blocking Tapes Market
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth in Cross-Continental Power and Data Cables
5.2.1.2 Growth in Energy Infrastructure Investments
5.2.2 Restraints
5.2.2.1 Impact of COVID-19 on Power Cable Industry
5.2.2.2 Decline in Water Blocking Tapes Market Growth due to COVID-19
5.2.2.3 Volatility in Price of Raw Materials
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Latency-Free Telecommunication Devices
5.2.3.2 Replacement of Older Telecommunication Cables with Newer Technologies
5.2.3.3 Increasing Demand for Safe Power Transmission Cables
5.2.4 Challenges
5.2.4.1 Maintaining Uninterrupted Supply Chain and Operating at Full Capacity
5.2.4.2 Implementation of Stringent Regulatory Policies
5.3 Porter's Five Forces Analysis
5.4 Impact of COVID-19 on Water Blocking Tapes Market
5.5 Supply Chain Analysis
5.6 Pricing Analysis
5.7 Average Selling Price
5.8 Technology Analysis
5.9 Value Chain Analysis of Water Blocking Tapes Market
5.10 Water Blocking Tapes Market: Optimistic, Pessimistic, and Realistic Scenarios
6 Water Blocking Tapes Market, by Conductive Type
6.1 Introduction
6.2 Conductive Water Blocking Tapes
6.3 Semi-Conductive Water Blocking Tapes
6.4 Non-Conductive Water Blocking Tapes
7 Water Blocking Tapes Market, by Application
7.1 Introduction
7.2 Optical Fiber Cable
7.3 Submarine Cable
7.4 Communication Cable
7.5 Power Cable
7.6 Others
8 Regional Analysis
9 Competitive Landscape
Companies Mentioned
- Cable Tapes UK
- Chase Corporation
- Chengdu Centran Industrial
- Chhaperia International Company
- Ekstel
- Fori Group
- Geca Tapes
- Gurfil
- Hanyu Cable Materials
- Hongzhou Photoelectric Material Technology Ltd
- Indore Composite
- International Materials Group
- Lifeline Technologies
- Nantong Siber Communication
- Navank Consultants
- Scapa Group plc
- Shenyang Tianrong Cable Materials Co Ltd
- Shinyuan Technologies
- Sneham International
- Star Materials
- Suzhou Kaying Industrial Materials Co Ltd
- Swabs Tapes India Private Limited
- Unitape UK Ltd
- Vitahco
- Weihai Hongda Cable Material
For more information about this report visit https://www.researchandmarkets.com/r/k46eak
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