The global water blocking tapes market size is expected to reach $495 million by 2027, registering a CAGR of 5.5% over the forecast period, according to a new report by MarketsandMarkets. The growing demand for water blocking tapes in the telecommunications industry is expected to be the major factor driving the market. Water blocking tapes are used to provide water resistance in cables. They are used to seal cables and prevent the ingress of water. Increasing demand for these tapes in the telecommunications industry is expected to drive the market. Increasing investments in the telecommunication industry are expected to drive the growth of the market. The rising demand for energy and data transmission is also driving the market. Increasing investments in the power generation and transmission infrastructure is expected to drive the market. Growing demand for fibre optic cables is also expected to drive the market. The rising demand for water blocking tapes from the aerospace and defence industry is also expected to drive the market. Growing demand for data transmission in the defence industry is expected to drive the market. Increasing investments in the defence sector is expected to drive the market. However, the high cost of water blocking tapes is expected to restrain the market. The lack of awareness about the uses of water blocking.
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Recent developments in the Water Blocking Tapes Market include:
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The introduction of advanced water blocking tapes with superior performance characteristics. These tapes are designed to offer superior protection against water ingress in a variety of applications.
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New water blocking tape formulations that are designed to be more environmentally friendly and sustainable. These tapes are designed to be more biodegradable and reduce the environmental impact of their use.
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The development of new technologies that allow to produce water blocking tapes with improved thermal and acoustic insulation capabilities. These tapes are designed to reduce energy costs and improve the overall efficiency of the application.
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The development of advanced technologies that allow to produce water blocking tapes with improved fire resistance properties. These tapes are designed to provide superior fire protection in a variety of applications.
Submarine cables application will grow faster in the water blocking tapes application segment.
Submarine cables are used in a variety of applications, including telecommunications, power, and data transmission. Water blocking tapes are specialized tapes designed to seal joints in submarine cables and prevent water from entering the cable and causing damage. The demand for water blocking tapes is expected to grow significantly over the next few years as the need for reliable submarine cable connections increases. The use of water blocking tapes can also help reduce the cost of cable installation and maintenance, as well as reduce cable repair and replacement costs. As more companies become aware of the benefits of using water blocking tapes, their demand is likely to continue to grow.
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Growth in cross-continental power and data cables usage propels the water blocking tapes market
The primary factor driving the growth of the water blocking tapes market is the growing deployment of cross-continental power and data cables. Moreover, the growing demand for power, data, and communication networks in the offshore and marine industry is also driving the growth of the water blocking tapes market. Additionally, the increasing investments in the renewable energy sector and the growing demand for the installation of power and data cables in the offshore wind farms are adding to the growth of the water blocking tapes market. Furthermore, the increasing demand for cables with superior insulation and water blocking properties is also propelling the growth of the water blocking tapes market.
China to be the fastest-growing country in the water blocking tapes market during the forecast period
China is expected to be the fastest-growing country in the water blocking tapes market during the forecast period. This is due to the increasing population, growing industrialization, rising urbanization, and the presence of leading water blocking tape manufacturers in the country. Furthermore, the government is introducing various regulations for environmental protection and water conservation, which is likely to drive the demand for water blocking tapes in China. Moreover, the government is supporting the construction of smart cities and water infrastructure projects, which is likely to create opportunities for players in the water blocking tapes market.
Increasing demand for latency free telecommunication devices
The demand for latency-free telecommunication devices is increasing as more people are relying on them for various purposes. This is mainly since latency can negatively affect the user experience, as it can cause delays in communication. To provide a better user experience, manufacturers are developing devices with more advanced features and technologies to reduce latency. This includes improving the speed of data transmission, as well as optimizing network protocols to reduce the amount of time it takes for data to travel between different locations. Additionally, many manufacturers are also introducing 5G technology, which can provide faster speeds and lower latency.
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Top Industry Players:
3M (US), Nitto Denko Corporation (Japan), Tesa SE (Germany), Scapa Group Ltd (UK), Intertape Polymer Group (Canada), Beery Global Inc. (US), Nichiban Co., Ltd. (Japan), and Sika AG (Switzerland) are some of the major players in the market.
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