Global Surface Protection Tapes Market size was valued at US$ XX Bn in 2019 and the total revenue is expected to grow at 8.1% through 2020 to 2026, reaching nearly US$ XX Bn.
The global Surface Protection Tapes market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Surface Protection Tapes report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Surface Protection Tapes Market Overview:
Surface protection tapes protect the surface from scratches during transit, handling and post-installation Surface protection tapes give residue-free protection for several surfaces such as painted, mill finished, or polished.
Global Surface Protection Tapes Market Dynamics:
Growing demand for flat-screen protector in electronics industry drive the global surface protection tapes market growth. Increasing surface protection tapes uses in many industries thanks to its light weight, user friendly and protective properties are expected to drive the demand for surface protection tapes during the forecast period.
However, fluctuation in raw material prices and recycling problems is estimated to hinder the global market growth.
High investment by the companies for development in adhesive tapes technology may provide a lucrative opportunity for the market players during the forecast period 2020-2026.
Global Surface Protection Tapes Market Segment Analysis:
By Type, the surface protection tapes market is segmented into polyethylene, polypropylene, and polyvinyl chloride. The polypropylene segment accounted for the largest CAGR of 10.2% of the global surface protection tapes market during the forecast period. Polypropylene is widely implemented for packaging thanks to temporary protection purposes and it offers a clean and smooth adhesive-free removal. These tapes are extensively used in industries such as transportation and electronics, where manufacturing processes are carried out at large temperatures. These all factors help to grow the market during the forecast period.
To Know About The Research Methodology :-
By Surface Material, the market is segmented into polished metals, glass, and plastic. The polished metals segment held the largest market share and is expected to grow at a 9.5% CAGR during the forecast period. The major factor drive the market growth is the building & construction industry. The manufacturers including 3M, Toray Industries, Inc. and Berry Global Inc. are investing in the development of polished metals, which is estimated to grow the market during the forecast period.
By End Use, the market is segmented into electronics & appliances, building & construction, and automotive. Building & construction segment accounted for the largest market share during the forecast period thanks to the wide use of surface protection tapes in construction & interiors industry to reduce temporary protection to synthetic carpets, and hard surface flooring.
Global Surface Protection Tapes Market Regional Insights:
The Asia Pacific held the largest market share of more than 42% of the global surface protection tapes market in 2019 and is estimated to grow at a rapid pace during the forecast period. Rising growth in urbanization and liberalization of foreign direct investment in the manufacturing sector are some of the major factors that drive the global market growth during the forecast period.
North America is expected to account for the highest CAGR in the global market during the forecast period 2020-2026. The manufacturers are investing in North American countries to meet the demand for end-user industries. Growth of industries includes consumer electronics and construction is expected to propel the market growth in this region of the global surface protection tapes market during the forecast.
The objective of the report is to present a comprehensive analysis of the global Surface Protection Tapes market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Surface Protection Tapes market dynamics, structure by analyzing the market segments and project the global Surface Protection Tapes market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Surface Protection Tapes market make the report investor’s guide.
Global Surface Protection Tapes Market Scope:
Global Surface Protection Tapes Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Global Surface Protection Tapes Market Key Players
• Toray Industries, Inc.
• Intertape Polymer Group
• Tesa SE
• Chevron Phillips Chemical Company
• Nitto Denko Corporation
• Berry Global Inc.
• Avery Dennison
• Compagnie de Saint-Gobain S.A.
For More Information Visit @:
This Report Is Submitted By : Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.