Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Research Reports

Corrosion Protection Tapes Market Comprehensive Shares, Historical Trends And Forecast By 2027

Corrosion protection tapes are surface protection tapes infused with anti-corrosive materials which are covered around metal components suitable for wide-ranging usage in various industries. According […]

The post Corrosion Protection Tapes Market Comprehensive Shares, Historical Trends And Forecast By 2027 first appeared on Market Research Blog.

Global Banking And Finance 1 News

Corrosion protection tapes are surface protection tapes infused with anti-corrosive materials which are covered around metal components suitable for wide-ranging usage in various industries. According to a new Future Market Insights (FMI) report, the corrosion protection tapes market is set to grow at a 4.5% CAGR.

Corrosion protection tapes protect metal surfaces against corrosion and UV rays. These products offer various features including water resistance, easily applicability, and high shear resistance on welded joints and bends.

Also, corrosion protection tapes are cost-effective as compared to other adhesive alternatives which led to higher user adoption in the industrial sector. In recent years, corrosion protection tapes are gaining popularity due to high adhesive strength and excellent resistance to rust.

The sales and consumption of corrosion protection tapes is estimated to increase owing to the expansion of industries such as chemicals, automobiles, and building & construction in next decade. 

Corrosion Protection Tapes Market
Corrosion Protection Tapes

Benefits offered by corrosion protection tapes include excellent electro insulation, flame retardant properties, and temperature resistance, which is projected to experience significant demand in the global market.

Key Takeaways from Corrosion Protection Tapes Market

  • PVC is a high-strength thermoplastic material that is widely used for making anti-corrosion tapes. It is estimated to lead the market accounting for more than 50% by the end of 2031. 
  • The building and construction segment is expected to offer an incremental opportunity of US$ 216 Mn in the next decade, with fitting and sealing applications supporting growth.
  • Germany and the U.K have emerged as major markets in Europe, supported by the availability of production facilities, accounting for 14.4% and 13.5% of the market in 2021.
  • The U.S. accounts for 84% of the North America market, driven by robust supply chains in the industry.
  • China holds the lead in East Asia accounting for more than 63% of the region on the back of a burgeoning construction sector.

“Market leaders and small-scale manufacturers in the corrosion protection tapes market are likely focusing on expanding production capacities and presence in emerging economies. Industrialization recorded in emerging nations, will creative attractive opportunities for corrosion protection tapes sales,” says an FMI analyst.

Impact of COVID-19 on Corrosion Protection Tapes Market

Amidst the COVID-19 pandemic, the corrosion protection tapes market went through a moderate slump as demand for corrosion protection tapes is largely derived from industrial sectors like building and construction, automobile, chemical, and others.

Rigorous lockdown in several regions including North America, East and South Asia, and Europe has created a negative impact on these industries in terms of demand and supply. Lesser demand generation for corrosion protection tapes was witnessed amid the COVID-19 period.

Recovery from the current pandemic is anticipated to maximize the sales of corrosion protection tapes in the years to come.

Who is Winning?

3M Company, Nitto Denko Corp., and Berry Global Inc. are the top players operating in the corrosion protection tapes market. Furthermore, include Shurtape Technologies, LLC, Coroplast Fritz Müller GmbH & Co. KG, W. W. Grainger, Inc., Scapa Group plc are some of the leading players in the market.

Tier 3 players include DEHN + SÖHNE GmbH + Co. KG., PSI Products GmbH, and VANOS S.A hold 70-75% of the global corrosion protection tapes market share. In conclusion, key players contribute almost 25-30% of the global market.

Corrosion Protection Tapes Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global corrosion protection tapes market, analysing historical demand from 2015-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the corrosion protection tapes market based on material (poly vinyl chloride (PVC), polyethylene (PE), polypropylene (PP), and rubber) and end-use (building & construction, chemical, electrical & electronics, automobile, aerospace & defence, marine, and others) across seven regions.

Scope of the Report

Attribute Details
Forecast Period 2021-2031
Historical Data Available for 2015-2020
Market Analysis USD Million for value and Mn.Sq.m for Volume
Key Regions Covered North America, Latin America, Europe, South Asia, East Asia, MEA and Oceania
Key Countries Covered US, Canada, Brazil, Germany, U.K., France, Italy, Spain, Poland, Russia, China, India, GCC, South Africa, Northern Africa, Australia & New Zealand
Key Segments Covered Material, End Use and Region
Key Companies Profiled 3M CompanyNitto Denko CorpBerry Global Inc.Shurtape Technologies, LLCCoroplast Fritz Müller GmbH & Co. KGW. W. Grainger, Inc.Scapa Group plcDEHN + SÖHNE GmbH + Co. KG.PSI Products GmbHVANOS S.AJining Xunda Pipe Coating Materials Co., Ltd.Denso TapeSam Hwan Anti-corrosion Industrial Co.Innovative Manufacturing Inc.
Report Coverage Market Forecast, Brand share analysis, Competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing Available upon Request

The post Corrosion Protection Tapes Market Comprehensive Shares, Historical Trends And Forecast By 2027 first appeared on Market Research Blog.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post