Corrosion Protection Tapes Market Size, Share, Trends, Growth and Forecast 2030

Global Corrosion Protection Tapes Market: Overview

The global Corrosion Protection Tapes Market size was worth around USD 9.81 Billion in 2022 and is predicted to grow to around USD 21.34 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 10.21% between 2023 and 2030.

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Corrosion protection tapes are surface protection tapes particularly infused with anti-corrosive materials and are covered all around the metal. These are widely used in several end-user sectors. Rust protection is one of the major issues faced for metal components; thereby, corrosion protection tapes have emerged as an ideal option for halting the process of galvanic corrosion where multiple metals with distinct electrode potentials come in contact with each other for a longer duration. These tapes can be used for a wide range of metals including, bronze, brass, copper, and iron. In addition, the corrosion protection tapes possess a competitive advantage of withstanding cold and hot temperatures for a long period of time.

Global Corrosion Protection Tapes Market: Growth Factors

The growing demand from end-users sectors like power generation, infrastructure, petrochemical, oil & gas, marine, and wastewater treatment sectors will steer the growth of the global corrosion protection tapes market. Corrosion has been identified as one of the serious problems, thereby leading to huge monetary loss and also posing a serious threat to the wellbeing of the property and life of the people. For instance, the Society of Civil Engineers in 2011 predicted the loss due to corrosion in the US to be more than 500 billion dollars each year. It is expected that more than one-third of the losses can be avoided with the help of corrosion-resistant materials like corrosion protection tapes.

Therefore, there is a huge demand for corrosion protection tapes to lower the loss. The transforming operating conditions in several end-user sectors like marine and oil & gas are likely to create a huge demand for corrosion protection tapes globally. For instance, the growing adoption of enhanced oil recovery techniques in the oil and gas sector is likely to create requirements for coatings to ensure pressure and high-temperature efficiency for the long-term protection of structures. In addition, such a massive demand from several end-users has fuelled the research and development activities for innovating advanced corrosion protection tapes that can effectively withstand harsh conditions. Various benefits offered by corrosion protection tapes also include flame retardant policies, electro insulation, and temperature resistance, which are likely to augment the demand for corrosion protection tapes globally.

The corrosion protection tapes are primarily used on conduits, pipes, and tubes for underground and external applications that offer physical protection to the products. However, all these aforementioned factors are likely to bolster the growth of the global corrosion protection tapes market significantly over the forecasted period.

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Global Corrosion Protection Tapes Market: Segmentation

The global corrosion protection tapes market can be segmented into end-user, type, and region.

By end-user, the market can be segmented into water treatment, power generation, construction, petrochemical, oil & gas, marine, defense, automobile, and others. The oil & gas sector accounts for the largest share in the global corrosion protection tapes market due to the growing volume of corrosion protection tapes in the sector. The automobile segment is likely to register a significant growth rate in the forthcoming years due to the growing demand for automobile vehicles all around the globe.

By type, the market can be segmented into rubber, polypropylene, polyethylene, polyvinyl chloride, and others. The polyvinyl segment dominates the global corrosion protection tapes market as the tape made out of polyvinyl chloride facilitates numerous benefits like abrasion resistance, excellent moisture, and long-lasting adhesive characteristics. Also, the polyvinyl chloride tapes are easy to use and flexible. It possesses high-strength thermoplastic abilities and is widely used in making anti-corrosion tapes.

Global Corrosion Protection Tapes Market: Regional analysis

Asia Pacific accounts for the largest share in the global corrosion protection tapes market as they are widely utilized in the chemical sector to protect metallic structures from galvanization. The fast proliferating chemical sector in the region is likely to further register a significant growth rate over the forecasted period. The rapid urbanization and industrialization in the region, along with the growing living standard of the people, is likely to fuel the demand for construction activities, thereby propelling the growth of the regional market.

North America is likely to witness a significant growth rate over the forecasted period due to the fast proliferating power generation, infrastructure, and petrochemical sectors. Also, the ongoing technological advancements in the region in the field of corrosion protection tapes will also contribute towards the growth of the regional market.

Corrosion Protection Tapes Market: Report Scope

Global Corrosion Protection Tapes Market: Competitive Players

Some of the significant players in the global corrosion protection tapes market are -

• W.W. Grainger Inc
• VANOS S.A
• Denso Tape
• Sam Hwan Anti-corrosion Industrial Co.
• Coroplast Fritz Müller GmbH & Co. KG
• PSI Products GmbH
• DEHN + SÖHNE GmbH + Co. KG.
• Jining Xunda Pipe Coating Materials Co.
• Shurtape Technologies
• Nitto Denko Corp
• 3M Company.

By End-user:

• Water treatment
• Power generation
• Construction
• Petrochemical
• Oil & gas
• Marine
• Defense
• Automobile

By Type:

• Rubber
• Polypropylene
• Polyethylene
• Polyvinyl chloride
• Others

Global Corrosion Protection Tapes Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.