Global Surface Protection Tapes Market to Reach USD 18 billion by 2024

Surface protection tapes are basically tapes used for protecting surfaces from external damages like scratches and marks during transportation, handling, and post installation. These tapes consist of a substrate layer and an adhesive layer where the substrate layer remains attached to the adhesive layer.

The surface protection tape also helps protect the surface from chemicals, high temperature, and surface eroding gases, and it possesses properties like weather resistance and resistance to UV light. Due to such beneficial properties, surface protection tapes have found application in various industries like construction & building, electronics, automotive, etc.

The global surface protection tapes market was valued at USD 12.3 billion in 2019. By 2024, the market is projected to reach USD 18 billion, growing at a CAGR of 8% during this period. The increasing demand for surface protection tapes from end-user industries like automotive, building & construction, and electrical & electronics will play a key role in driving market growth during this period.

The use of surface protection tapes has been growing significantly in recent years due to ease of application and removal, and durability. The increasing demand for flat screen protectors in the electronics industry and advancements in the adhesive tape technology will also drive the market for surface protection tapes in the coming years.

Among different segments, the polypropylene segment is expected to exhibit the highest CAGR over the next few years in terms of both value and volume. Surface protection tapes made of polypropylene are mainly used for applications like transportation and for electronics that require resistance to high temperature.

Other factors that are expected to have favorable impact on the global surface protection tapes market are, increasing construction activities, and rapid urbanization and infrastructural development. However, the growth of the market can get restricted to some extent due to the volatility in raw material prices. But increasing investments undertaken by companies are expected to generate lucrative growth opportunities in the market.

Region-wise, the Asia-Pacific region is expected to witness the highest growth over the next few years. This can be mainly attributed to the growth in the building & construction and infrastructure industries, where the demand for surface protection tapes is high.

Other factors that are expected to drive the Asia-Pacific market are, increasing construction activities, rising FDI investments in automotive and construction industries, growth of the consumer electronics industry, rising living standards, and high economic growth.  

The global surface protection tapes market is presently dominated by key players such as Toray Industries, Inc., Tesa SE, DowDuPont, Intertape Polymer Group, Nitto Denko Corporation, 3M, Chevron Phillips Chemical company, Berry Global, Inc., Avery Dennison, and Saint-Gobain S.A.

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