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Corrosion Protection Tapes Market Comprehensive Shares, Historical Trends And Forecast By 2027
Published by mark itwired
Posted on September 6, 2021
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Published by mark itwired
Posted on September 6, 2021
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.
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.
“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.
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.
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.
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.
| 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.
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.
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.
“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.
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.
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.
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.
| 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.