The new report by Expert Market Research titled, ‘Global Surface Protection Tapes Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global surface protection tapes market, assessing the market based on its segments like type, surface material, end-use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 13.1 Billion
- Forecast CAGR (2021-2026): 7.0%
- Forecast Market Size (2026): USD 19.75 Billion
The growth of construction and infrastructure activities is the leading market for surface protection tapes. The construction segment is expected to grow by 35% in the next decade due to urban planning, infrastructural development and increasing disposable incomes of the general population. Asia will contribute to a significant growth in the market due to its extensive emphasis on housing and urban planning to accommodate the growing population. The economic growth of countries like India and China have enabled growth in other sectors like manufacturing, automobile, and electronics which in turn are also driving the growth of surface protection tapes.
Industry Definition and Major Segments
Surface protection tapes are commonly used to avoid scratches on surfaces and to protect them from dust and other particles in the air. It also safeguards against damage, transportation, and moisture. These tapes are essentially a protective tape that is resistant to extreme abrasion and daily wear and tear are also utilised in applications that require a high level of thermal resistance.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/surface-protection-tapes-market
On the basis of type, the market is segmented into:
- Polyethylene
- Polypropylene
- Polyvinyl Chloride
- Others
Based on surface material, the market is divided into:
- Polished Metals
- Glass
- Plastics
- Others
Based on end-use, the market is bifurcated into:
- Electronics & Appliances
- Building & Construction
- Automotive
The major regional markets include:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Market Trends
The use of surface protection tapes in a wide variety of industries like, automobile, construction, infrastructure, electronics, among others is expected to drive the market forward. Due to the difference in end-use, there is product innovation and development to accommodate attractive features. Manufacturers are also focusing on the ease of application, usability, and versatility of performance. For instance, manufacturers are introducing tapes that are chemical resistant, UV resistant, and scratch resistant which are available in different colours. Efforts towards sustainability also drive the market forward, for instance, bio-degradable and solvent free protective tapes are also being produced for the same. The market has been boosted by the increased popularity of surface protection tapes due to its lower weight, simplicity of application, durability, customisation, and smooth removal from the surface of substrates. However, the volatility of raw materials can restrain the market growth due to frequent price fluctuations.
Key Market Players
The major players in the market are Saint-Gobain S.A., Toray Industries, Inc., Berry Global Inc., Nitto Denko Corporation, Avery Dennison, and Tesa SE, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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