Surface Protection Tapes Market 2019 Explored in Resent Research Update

Increase in demand for surface protection tapes market from end-user industries and wide acceptance due to reduced weight, ease of application, and ease of removal are expected to drive the growth of the surface protection tapes marketThe 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 used to protect various surfaces from scratches and marks during transit, handling, and post-installation. These tapes are resistant to permeation of environmental elements such as chemicals, surface eroding gaseous substances, etc.

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The growing use of surface protection tapes in various end-user industries, wide acceptance due to less weight, ease of application and ease of removal and growing demand for surface protection trips in e-commerce industries are the main drivers for the market growth of the global surface protection tapes market over the forecast period. Moreover, the rise in building & construction activities, advancement in adhesive tapes technology and developing the transportation sector around the world are expected to enhance the market size. This also expected to open investment opportunities in the global market for the manufacturers in the coming years.

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 during the forecast period. Moreover, uncertainty about bond permanency and stringent government regulations are the prime challenges in the global surface protection tapes market throughout the forecast period.

Key Findings:

• Based on type, the polyethylene segment is expected to dominate the market with nearly 27% share in the global surface protection tapes market in 2018
• Based on surface material, 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.
• Based on end-use industry, the electronics & appliances segment accounts of the largest share in the market and held for more than 45% of the total market in 2018.
• Asia-Pacific accounted for nearly 40% share of the global surface protection tapes market in 2018

Recent News:

• In March 2019, Tesa SE inaugurated its new manufacturing plant in China. The new facility focuses on manufacturing of precision adhesive tapes.
• In October 2018, Avery Dennison launched new SPF-XI Supreme Protection Film. This film is expected to help in the protection of the vehicle’s appearance from UV, temperature, or any other damages.