Anti-corrosion tape is a surface protection tape impregnated with an anti-corrosion material that surrounds metal parts that are widely used in various industries. According to a new Future Market Insights (FMI) report, the anti-corrosion tape market is projected to grow at a CAGR of 4.5%.
Anti-corrosion tapes protect metal surfaces from corrosion and UV rays. It offers a variety of features including water resistance, easy application, and high shear resistance to weld joints and bends.
Request Sample Report of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13244 For Detailed Information On Market: https://www.futuremarketinsights.com/reports/sample/rep-gb-13244
In addition, anti-corrosion tapes are cost-effective compared to other adhesive alternatives, resulting in greater user adoption in the industrial sector. In recent years, anti-corrosion tapes are gaining popularity due to their high adhesion and good rust resistance.
Sales and consumption of anti-corrosion tapes are expected to increase over the next decade due to expansion of industries such as chemical, automotive and building and construction.
The advantages provided by anti-corrosion tapes include good electrical insulation, flame retardancy and heat resistance, which are expected to experience significant demand in the global market.
Key insights into the anti-corrosion tape market
- PVC is a high-strength thermoplastic material widely used to make anti-corrosion tapes. It is expected to lead the market, accounting for more than 50% by the end of 2031.
- The building and construction sector is expected to provide incremental opportunities of $216 million over the next decade, with fittings and sealing applications supporting growth.
- Germany and the UK have emerged as major markets in Europe, driven by the availability of production facilities, accounting for 14.4% and 13.5% of the market in 2021.
- The US accounts for 84% of the North American market due to the industry’s strong supply chain.
- China leads the way, accounting for more than 63% of East Asia’s rapidly growing construction sector.
Any queries associated with the report should be directed to the analyst. https://www.futuremarketinsights.com/ask-question/rep-gb-13244
“Market leaders and small manufacturers in the corrosion protection tape market are focusing on expanding their production capacity and presence in emerging economies. Recorded industrialization in emerging countries will create attractive opportunities for sales of anti-corrosion tapes.” said an FMI analyst.
Impact of COVID-19 on Anti-Corrosion Tape Market
In the midst of the COVID-19 pandemic (a global pandemic), the anti-corrosion tape market suffered a moderate stagnation as demand from industrial sectors such as architecture, construction, automobile, and chemical accounted for most.
Strict closures in several regions, including North America, East Asia and South Asia and Europe, have had a negative impact on these industries in terms of supply and demand. Declining demand for anti-corrosion tapes has been witnessed during the COVID-19 period.
Recovery from the current pandemic is expected to maximize sales of anti-corrosion tapes over the next few years.
Who is the winner?
3M Company, Nitto Denko Corp. and Berry Global Inc. are the top players operating in the Corrosion Protection Tapes market. Also Shurtape Technologies, LLC, Coroplast Fritz Müller GmbH & Co. KG, WW Grainger, Inc., Scpa Group plc are the major players in the market.
Report @ https://www.futuremarketinsights.com/checkout/13244
As a Tier 3 player, DEHN + SÖHNE GmbH + Co. KG., PSI Products GmbH and VANOS SA hold 70-75% of the global anti-corrosion tape market share. In conclusion, the major players contribute almost 25-30% of the global market.
Corrosion Protection Tape Market Report
Future Market Insights provides an unbiased analysis of the global Anticorrosion Tapes market by analyzing historical demand from 2015-2020 and forecast statistics from 2021-2031 in a new report. This study covers materials (polyvinyl chloride (PVC), polyethylene (PE), polypropylene (PP), rubber) and end uses (building and construction, chemical, electrical and electronic, automotive, aerospace and defense, marine, etc.) 7 dog area.
About Future Market Insights Packaging
FMI’s Packaging Division provides in-depth historical analysis and detailed forecasts of the global packaging market. From packaging materials to designs and formats, FMI has an exhaustive market research database, providing unique offers and strategic recommendations to its clients. With a repository of more than 750 reports, the team comprehensively analyzed the packaging industry in more than 70 countries. The team evaluates every node in the value chain and provides end-to-end research and consulting services. Contact us to find out how we can help.