23-Jul-2019 | Zion Market Research
As per Zion Market Research, in 2019 the global surface protection tapes market was capitalized at USD 12.5 billion and is projected to surpass around USD 20 billion by 2025, at a CAGR of 9.2% between 2019 and 2025. The requirement for surface protection tapes is boosted by the increasing employment of these tapes owing to their ease of application, durability, and ease of removal characteristic. Moreover, enhancement in the adhesive tapes tech is anticipated to provide growth avenues for the global market.
The leading players operating in the global surface protection tapes market are Intertape Polymer Group, Toray Industries, Inc., DowDuPont, Tesa SE, Nitto Denko Corporation, Chevron Phillips Chemical Company, Berry Global Inc., 3M, Compagnie de Saint-Gobain S.A., and Avery Dennison, amongst others.
Polypropylene Segment Projected To Be The Quickest-Developing Segment In Terms Of Value And Value In The Forecast Period
On the basis of type, the surface protection tapes market’s polypropylene segment is anticipated to develop at the uppermost CAGR in the years to come, in terms of both volume as well as value. These surface protection tapes are employed for scenarios, where high temperatures resistance is needed. Hence, these films are primarily employed in industries such as electronics and transportation, where production operations are performed at high temperatures. These tapes provide higher impact strength, enhanced clarity, and better barrier characteristics. Owing to their inbuilt elasticity, they are more costly as compared to the polyethylene surface protection tapes.
Global Surface Protection Tapes Market To Be Dominated By Polished Metal Segment, In Terms Of Both Volume As Well As Value, In The Years To Come
The polished metal segment (on the basis of surface material) in the surface protection tapes market is expected to dominate between 2019 and 2025, in terms of both volume as well as value. Metals are used widely in different end-use sectors such as automotive (for the vehicle parts) and construction & building (for building panels, curtain walls, and coil coatings). These metal surfaces require to be defended with the help of a surface protection tape at the time of the process of assembling, manufacturing, storage, and transportation. And therefore, the polished metal segment is expected to boost the global surface protection tapes market.
Surface Protection Tapes Market In Asia Pacific Expected To See Rapid Development In The Coming Period
The rise in requirement for surface protection tapes is majorly credited to the development in the building & construction and infrastructure industries. Intensive construction activities, high economic development, and rising standards of living are the major factors boosting the surface protection tapes market in the Asia Pacific region. Swift urbanization has resulted in an elevation in the infrastructural growth in the area, which is additionally boosting the requirement for surface protection tapes.
This review is based on a report by Zion Market Research, titled “Surface Protection Tapes Market by Surface Material (Glass, Polished metals, Plastic), Type (Polypropylene, Polyethylene, Polyvinyl chloride), End-use (Building & construction, Electronics & appliances, Automotive), and Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025” report at https://www.zionmarketresearch.com/report/surface-protection-tapes-market
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