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.