Global water blocking tapes market is anticipated to grow at a CAGR of 5.4% during the forecast period (2024-2031). A major factor supporting the growth of the market is the booming offshore infrastructure, surging data demand and technological advancementsin the water blocking tape market. The expansion of offshore wind farms, oil & gas rigs, and subsea data centers necessitates robust cable protection solutions. Advanced submarine protection cables meet this need by withstanding harsh underwater environments.
For instance, in February 2024, The International Cable Protection Committee (ICPC) has raised concerns about submarine cable damage in the Red Sea. The organization urges operators to investigate the causes and engage with governments about the implications of such damage. The global submarine cable network, carrying over 99% of digital data traffic, has around 150 faults annually.
Further, in March 2024 Yemeni Houthi rebels have cut three underwater sea cables in the Red Sea, disrupting global internet and telecommunications. The cables, including Asia-Africa-Europe , Europe India Gateway, Seacom, and TGN-Gulf, account for 25.0% of the traffic flowing through the Red Sea. The disruption could escalate the ongoing crisis and affect global shipping routes. The cables are crucial for data transmission from Asia to Europe, and measures are being taken to reroute the traffic. The Yemeni government in exile previously alleged that the Houthis planned to attack the cables, but the Houthis deny targeting the cables and instead blame British and US military operations. Since November, the Houthis have targeted ships in the Red Sea and surrounding waters in response to the Israel-Hamas war.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Application
- By Conductive
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- includes Berry Global Group, Inc. , Intertape Polymer Group, Scapa Group Ltd, Nichiban Co., Ltd. , Fori Group, among others.
Water Blocking Taps Market Report Segment
By Application
- Submarine Cable
- Power Cable,
- Optical Fiber Cable
- Communication Cable
- Others
By Conductive
- Non-Conductive
- Semi Conductive
- Conductive
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Water Blocking Taps Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Chase Corporation
- Chhaperia International Company
- Ekstel
- Scapa
- Fori Group
- Gurfil
- Hanyu Cable Materials
- Lifeline Technologies
- Advance Tapes International
- Berry Global Group, Inc.
- Star Materials
- Nichiban Co., Ltd.
- Fori Group
- Navank Consultants
- Nantong Siber Communication Co.,Ltd.
- Unitape ltd
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