Surface Protection Tapes Market - Forecast(2024 - 2030)

Surface Protection Tapes Market Overview

The Surface Protection Tapes Market size is estimated to reach US$22.3 billion by 2027, after growing at a CAGR of around 6.5% from 2022 to 2027. Surface protection tapes are generally used for preventing scratches on the surface or safeguarding it from dust particles and similar particles in the air. It also protects from damage and moisture. Surface Protection tapes are used for applications, they are chemical resistant, UV resistant, and scratch-resistant. The industry can be classified on the basis of its type as polyethylene, polypropylene, and polyvinyl chloride, among others. The demand for surface protection tapes is driven by the growing use of these tapes due to their durability, ease of application, and easy removal of properties. In addition, advancement in adhesive tapes technology is projected to offer opportunities for the growth of this market. Surface protection tapes is used in automotive, construction, and electronics. Surface protection tapes protect different surfaces during transit, handling, and post-installation from scratches and marks. Thus, the growth in automotive and electronics is owing to the growth of the surface protection tapes industry.

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COVID-19 Impact

The Covid-19 pandemic has impacted the global economy directly affecting the supply chain across the globe and shut down the production facilities to minimize the risk of virus spread. The surface protection tape is mainly used in construction, automotive, and electronics. The surface protection tapes acts as a protective film on metals, glass, and plastics. Due to lockdown, the automotive industry was hampered as the supply chain has been halted. According to National Centre for Biotechnology Information (NCBI), 92% of the sales of the automotive industry were fallen in 2020. Despite the economic depression, the adaptive methods or tactics, and strategic skills, the surface protection tapes market has bounced back. The market has opened a new horizon looking for supportive funding sources and business approaches to sustain on both the regional and global platforms. Therefore, the demand for surface protection tapes in the construction and automotive industry will help to raise market trends during the forecast period.

Report Coverage

The report: “Surface Protection Tapes Market Report – Forecast (2022-2027)” by IndustryARC covers an in-depth analysis of the following segments of the Surface Protection Tapes Industry.

By Resin: Polyethylene (PE), Polypropylene (PP), Polyvinyl chloride (PVC), and others By Substrate Type: Metals, Glass/Optics, Plastic By End-Use Industry: Construction (Residential, Commercial& Industrial), Automotive (Passenger Vehicles, Heavy Commercial, Light commercial), Electrical & Electronics. By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (the Middle East, and Africa).

Key Takeaways

• The growth of electronic industry projects in the North American region will drive the market due to the growing demand for surface protection tapes in the electronics sector such as mobile, tv, and others.
• Surface protection tapes is made up of plastic and have a self-adhesive property that helps the surfaces from scratches during transit. These properties are expected to create major demand across the end-users of the market.
• The surface protection tapes are used on the surfaces of steel, aluminium, glass, and plastic. This wide range of applications will create a major opportunity for the manufacturers to capture the market.

Figure: APAC Surface Protection Tape Market Revenue, 2021-2027 (US$ Billion)

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Surface Protection Tapes Market Segment Analysis – By Resin

The polyethylene segment is accounted for around 35% of the market share in 2021. Polyethylene is a non-polar, hydrophobic material to expand its material properties. Polyethylene is the most abundantly manufactured plastic in the world. Due to properties like durability, it has many diverse and even long-term uses. Surface Protection Tapes consists of low-density polyethylene (LDPE) backing and an acrylic adhesive uniquely formulated to adhere to different types of surfaces without leaving adhesive residue. It is a temporary protective tape designed for different types of surface finish. According to Statista US, In 2020, the market value of thermoplastic polyethylene was nearly US$160 billion dollars worldwide. By 2026, the global market value of polyethylene is expected to rise to nearly U.S 186 billion dollars. Therefore, the growth in the automotive and electronics industry is owing to the progress of surface protection tapes during the forecast period.

Surface Protection Tapes Market Segment Analysis – By Substrate Type

The plastic segment is accounted for over 33% of the market share in 2021. The surface protection tapes is used on plastic surfaces to protect them from scratches and dust. There is a variety of plastic products utilized in the health care industry and all these products are safeguarded with surface protection tape. The use of plastics has improved the quality of healthcare for patients, save and extend life, combat infections, etc. For example, from test equipment like vials and beakers to surgical instruments, catheters, and implants, plastics are used more and more for their high performance, lightweight, and lower costs. Plastics belong to the most widely used materials and they are vital components of all modern technologies. Plastic is used in automobiles, construction, electronics, and electrical. Plastic is cost-effective, easy storage and packing materials. Plastics are bad conductors of electricity and are therefore used in a variety of applications where their insulating properties are needed. European plastics manufacturers have benefited from the high demand for plastics in 2021 due to the global economic upswing. However, many companies had to deal with supply chain disruptions, bottlenecks in precursors, and rising energy prices. According to plastics Europe, the growth rate of plastic has increased about 8.5% in 2021. Therefore, the growth of plastics is owing to the demand of the surface protection tapes industry during the forecast period.

Surface Protection Tapes Market Segment Analysis – By End User

The electrical and electronics segment is accounted for approximately 40% of the market share in 2021. Surface protection tapes is extremely adhesive, absorbent, durable, and long-lasting. Surface Protection tapes are used in the electronics industry to insulate wires and cables that have electricity running through them. Surface protection tapes helps to protect displays against damage that can occur from the rigors of everyday use, handled with a low-tack adhesive, the films are easy to apply and easy to remove. They are available in a variety of finishes to meet specific application requirements. Polyethylene is used to make glass-reinforce car bodies and electrical insulation. According to invest India electronics Production in India to Reach US$300 billion by 2026. The National Policy on Electronics (NPE) 2019 had set a target of achieving a turnover of $400 bn by 2025compared to 2020. Henceforth, the growth of electronics is owing to the growth of the surface protection tapes market during the forecast period.

Surface Protection Tapes Market?Segment Analysis –By Geography

The Asia Pacific is accounted for a large share of over 30% in the global surface protection tape market in 2021. The growth in the end-user industries like automotive, construction, electrical, and electronics are owing to the growth of the surface protection tape market. The high economic growth and rapid urbanization which leads to the increase in infrastructural development is leading to the growth of surface protection tape. Surface protection tape is used most frequently in automotive, construction, electrical, and electronics. Being a thermoplastic polymer, it can easily be formed into almost any shape. China dominates the manufacturing of plastics. According to the invest India, the automobile industry is expected to reach US$ 300 billion by 2026. Thus, for the thriving automotive industry, there will be an upsurge in the demand for surface protection tapes which is expected to drive the surface protection tape in the Asia Pacific region.

Surface Protection Tapes Market– Drivers

Growing demand for automotive

The increase in high demand for the automotive industry is driving the market. Interior surface protection tapes prevent scratches on delicate substrates while protective Polyethylene films ensure minimal damage to exteriors. The surface protection tapes range provides self-adhesive tape solutions and paints protection films for safe transportation around the world. Interior surface protection tapes prevent scratches on delicate substrates while protective films ensure minimal damage to exteriors. Surface protection tapes provide resistance from the extremes of weather and other causes of damage. The tape solutions offer resistance to mechanical impact on many different materials. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), production has increased by 10% in the year 2021 compared to the year 2020. Thus, the growing demand from the automotive industry is driving the surface protection tapes industry during the forecast period.

Growth in Diversified Industries

?Surface Protection Tapes is a clear 40-micron LDPE polyethylene film with an acrylic emulsion adhesive coating. SPT is self-adhesive and provides exceptional scratch and damage resistance. The peel force of the tape may be adjusted and there is no adhesive residue. These films are majorly used in industries such as transportation and electronics where manufacturing operations are carried out at high temperatures. Because of their wide working temperature range, these Surface Protection tapes from adhesive specialties perform well in both hot and cold circumstances. Due to the constant development of modern technologies, the production of electronics has reached 171 million units in 2021. Therefore, the growth of these industries is driving the surface protection tapes market during the forecast period.

Surface Protection Tapes Market– Challenges

Recycling of Polymers

Surface protection tapes is made from polymeric resins. The issues related to the recycling of polymer plastic will pose a major challenge to the growth of the surface protection tapes market. The process of melting down and recycling plastic produces VOC, or volatile organic compounds, fumes that can harm plant and animal life near the industrial site. Stringent regulatory policies coupled with uncertainty about bond permanency will dampen the surface protection tape market growth rate. For instance, U.S. Environmental Protection Agency (EPA) regulates VOCs at the Federal level in 40 CFR 59, which is the national volatile organic compound emission standard for consumer and commercial products. VOC controls for products are typically based on the application of products. Thus, these regulations surrounding the raw materials of Surface protection tapes are expected to hamper the growth of the market and create challenges for the manufacturers.

Surface Protection Tapes Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies that are adopted by the dominant players in the surface protection tapes market. Surface protection tape market top 10 companies include:

1.?Toray Industries, Inc. 2.?Intertape Polymer Group 3.?Tesa SE 4.?Dowdupont 5.?Chevron Phillips Chemical Company 6.?Nitto Denko Corporation 7.?Berry Global Inc. 8.?Avery Dennison 9.?Compagnie de Saint-Gobain S.A. 10.?3M

Recent Developments

• In May 2021, the Intertape polymer group announced the launch of a new flame retardant polyethylene tape called PEFR. It is ideal for use in abatement, surface protection, marine, and heavy equipment preservation, and long-term storage.
• In October 2021, Toray Industries, Inc., developed a new version of Lumirror, with a range of biaxially oriented polyester films. This new film precisely controls the height of surface protrusions, eliminating surface defects from coarse protrusions while delivering slipperiness and other desirable handling properties.
• In March 2019, Tesa invested over USD 34 million to expand its Suzhou site. This new site involves the manufacturing of precision adhesive tapes for applications such as the automotive and electronics industries.

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