Global Surface Protection Tapes Market Is Expected to Reach USD 20,445.6 Million In 2026

The global surface protection tapes market was valued at USD 11,550.1 million in 2018 and is expected to reach USD 20,445.6 million in 2026, growing at a CAGR of 7.2 % during the forecast period.

Surface protection tapes are made up of plastic and have self-adhesive and self-adhering properties. It protects the surface from scratches during transit, handling, and post-installation and offers various properties including adjustable peel force, no adhesive residue, weather resistance, and UV resistance. These tapes are used on stainless steel, coated metals, aluminum, glass, and plastics. The growth of the surface protection tapes market is primarily driven by the growing demand for surface protection tapes in various end-user industries, and increase in demand for surface protection tapes owing to their ease applicability, reduced weight, durability, customization, and smooth removal.

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Moreover, technological advancement in adhesive tapes and growing e-commerce industries are expected to create opportunities for the manufacturers in the global market over the forecast period. However, volatile prices of raw materials and difficulty in recycling polymer plastics are expected to hamper the growth of the global surface protection tapes market in the coming years. The polyethylene segment expected to dominate the market throughout the forecast period Based on the type,the global surface protection tapes market has been segmented into polyethylene, polypropylene, polyvinyl chloride, and others.

The polyethylene of surface protection tapes accounted for approximately 27% of the share in the global surface protection tapes market in 2018. While the polypropylene segment accounted highest CAGR of around 10.1% in the global surface protection tapes market during the forecast period.

Polypropylene is widely adopted for packaging due to temporary protection purposes and offers a clean and smooth adhesive-free removal. Furthermore, it has enhanced barrier properties, better impact strength, improved clarity, and higher elasticity. These tapes are majorly used in transportation and electronics industries where resistance to high temperatures is required. Thus inbuilt barrier properties and growing demand from end user industries further expected to increase demand for surface protection tapes during the forecast period.

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Based on the surface material, the polished metals segment is expected to grow at a CAGR of around 9.5% throughout the forecast period

Based on the surface material, the market has been segmented into polished metals, glass, plastic, and others.

The polished metals segment accounts of the largest share in the market and are expected to grow at a CAGR of around 9.5% during the forecast period. The major factors that are driving the growth of this segment are the demand for Polished Metals tapes in various end-user industries such as building & construction.

The manufacturers 3M, Toray Industries, Inc., and Berry Global Inc. are mainly investing in the development of polished metals, which expected the lead the market in the coming years.Based on end-use industry, the electronics & appliances segment is expected to dominate during the forecast period

Based on end-use industry, the market has been segmented into electronics & appliances, building & construction, automotive, and others.

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The electronics & appliances segment accounts of the largest share in the market and held for more than 45% of the total market in 2018. The major factors that are driving the growth of this segment are the rising demand for ultra-low and very low types of adhesives and growth rates for the electronics industry developing countries such as India, China, and Indonesia. Asia-Pacific to dominate the surface protection tapes market throughout the forecast period Asia-Pacific accounted for nearly 40% share of the global surface protection tapes market in 2018 and is expected to dominate the market throughout the forecast period.

The rapid growth in the urbanization and liberalization of foreign direct investment in the manufacturing sector are the major driving factor for the region in the global market. Moreover, rapid urbanization, high economic growth, intensive construction activities, and increasing standards of living increase its dominance in the global surface protection tapes market in future.

North America is expected to hold the highest CAGR in the global market during the forecast period. The manufacturers are investing in North American countries to meet the demand for end-user industries. Growth of industries such as consumer electronics and construction is expected to enhance the market growth in the global surface protection tapes market during the forecast.

Company Profiles and Competitive Intelligence:

·        Toray Industries, Inc. (Japan),

·        3M (US),

·        DowDuPont (US),

·        Compagnie de Saint-Gobain S.A. (France),

·        Chevron Phillips Chemical Company (US),

·        Berry Global Inc. (US),

·        Nitto Denko Corporation (Japan),

·        Avery Dennison (US),

·        Tesa SE (Germany),

·        Intertape Polymer Group (Canada)

·        among others are some of the major players operating in the global surface protection tapes market.

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