Surface Protection Tape Market Size, Share, Growth, Trends, and Forecast 2030

Surface Protection Tape Industry Prospective:

The global surface protection tape market size was worth around USD 15.01 billion in 2022 and is predicted to grow to around USD 28.15 billion by 2030 with a compound annual growth rate (CAGR) of roughly 8.18% between 2023 and 2030.

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Surface Protection Tape Market: Overview

Surface protection tape is an adhesive material used for protecting hard surfaces against damage caused by contaminants such as dust and debris. They are typically used temporarily and help in preventing scratches or other forms of damage. Furthermore, one of the main intentions of using surface protection tape is to maintain the final appearance of the hard surface for a longer duration. Some of the leading applications of protective coating are registered in the furnishing & construction sector, transportation industry, electronics & appliance production, and manufacturing or fabrication work. Like other protective tapes, these variants are also typically made of paper or plastic. Advanced options are generally made of combination material for improved performance. The adhesive used in surface protection tape is, in most cases, pressure sensitive and exhibits medium to low tack to prevent the formation of residue once the layer is applied to the surface. The industry for surface protection tape is expected to grow at a steady pace during the forecast period.

Key Insights:

• As per the analysis shared by our research analyst, the global surface protection tape market is estimated to grow annually at a CAGR of around 8.18% over the forecast period (2023-2030)
• In terms of revenue, the global surface protection tape market size was valued at around USD 15.01 billion in 2022 and is projected to reach USD 28.15 billion, by 2030.
• The surface protection tape market is projected to grow at a significant rate due to the increasing application in the construction & building industry
• Based on end-user industry segmentation, building & construction was predicted to show maximum market share in the year 2022
• Based on type segmentation, polyethylene was the leading segment in 2022
• On the basis of region, Asia-Pacific was the leading revenue generator in 2022

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Surface Protection Tape Market: Growth Drivers

Increasing application in the construction & building industry to drive market growth

The global surface protection tape market is expected to grow owing to the increasing use of these protective tapes in the expanding construction & building industry. These tapes play a significant role in protective hardware and glass surfaces during renovation and building projects. They are applied for hardwood flooring to avoid damage including stains and scratches when a construction assignment is being carried out. Furthermore, they are used for covering windows and other glass structures to prevent accumulation of dirt and debris thus potentially ruining the overall appearance of the unit. The high versatility of surface protection tape is one of the crucial aspects of the product impacting its overall adoption. For instance, apart from granting protection to floors and window panels, they are also used on other appliances, staircases, and delicate surfaces with the sole aim of preventing any damage. The growing rate of renovation projects and building investments is expected to directly impact the consumption of surface protection rate. Market research indicates that recent times have witnessed tremendous growth in the construction sector including residential, commercial, and industrial. Since COVID-19, an increasing rate of people have undertaken home remodeling activities. Several official surveys conclude that people spend more money and time in building living space that meets their current needs, especially against the backdrop of the growing remote work culture. Additionally, rising design and efficiency innovation in home furniture, increasing demand for smart, modern, and modular homes, and evolving consumer preferences were the leading factors for a higher number of renovation projects.

Surface Protection Tape Market: Restraints

Growing concerns over environmental pollution caused by the tapes may restrict market growth

The global surface protection tape market growth is projected to be restricted due to the growing concerns over the negative environmental impact of surface protection tape. A large segment of these tapes is made of harmful plastic materials such as polyethylene and polypropylene. Although other options are available in the market, the daemand and consumption of plastic-based tapes are significantly high. These materials are non-biodegradable and take many years to break down once discarded. Furthermore, surface protection tapes are, in most cases, designed to be used once leading to the generation of plastic waste in large quantities. In case of absence of an effective waste management policy, the contents of these tapes will continue to survive in the environment leading to a high pollution rate.

Surface Protection Tape Market: Opportunities

Offering customized solutions may create growth opportunities

The global surface protection tape industry players must invest resources in developing customized industry-specific and business-specific solutions since this strategy will help them deliver more efficient solutions allowing them to create a niche for their products in the expansive market. Some of the areas that may deliver high results deal with producing customized options in terms of product size, adhesion strength, raw material used, and printing or branding options in addition to producing more sustainable or recyclable surface protection tapes.

Increasing market penetration in the automobile sector to develop excellent expansion possibilities

One of the leading applications of surface protection tape is seen in the expanding automobile sector globally. These tapes are used for protecting the interior and exterior parts of a vehicle along with safeguarding window panels and wheels. The growing consumption of electric vehicles (EVs) across 2-wheeler, 3-wheeler, and 4-wheeler segments along with the rapidly rising used car industry is expected to impact market growth trends during the projection period.

Surface Protection Tape Market: Challenges

Managing smooth raw material supply chain is a primary concern for businesses in the market

The global surface protection tape market sales revenue is projected to be impacted due to the disturbances observed in the supply of raw materials required for the production of surface protection tape including adhesive chemicals and product material. The ongoing political tension between countries along with changing economic factors and the rising cost of these essentials will pose crucial challenges for the market players.

Surface Protection Tape Market: Segmentation

The global surface protection tape market is segmented based on end-user industry, surface material, type, and region.

Based on the end-user industry, the global market segments are building & construction, electronics & appliances, automotive, and others. In 2022, the highest growth was registered in the building & construction industry mainly due to the primary role of these tapes in protecting surfaces against damages caused during construction and renovation activities. The increasing investment in residential and commercial space development along with the surging rate of renovation activities were the leading segmental growth propellers. As per recent reports, the Chinese government is expected to invest USD 1 trillion in new urban infrastructure construction projections.

Based on surface material, the global surface protection tape industry is fragmented into plastic, glass, polished material, and others.

Based on type, the surface protection tape industry is divided into polyvinyl chloride, polypropylene, polyethylene, and others. In 2022, the highest demand was observed for polyethylene variants due to high performance attributes including excellent resistance to moisture and chemicals along with higher durability. On the other hand, polypropylene (PP) surface protection tapes generally are most resistant to damages such as punctures. PP tapes last more than 20 to 30 years once they reach landfills leading to a high pollution rate. The segment is highly fragmented depending on the final needs of the consumers and the demand for eco-friendly solutions is expected to grow rapidly.

Surface Protection Tape Market: Report Scope

Surface Protection Tape Market: Regional Analysis

Asia-Pacific to emerge as the leading supplier during the production period

The global surface protection tape market is projected to witness the highest growth rate in Asia-Pacific. The rapid proliferation of end-user industries including building & construction and automotive are expected to assist in the regional growth trajectory. The growing economies of India and China along with developed nations such as South Korea and Japan will act as crucial growth drivers. The demand for housing and residential units is increasing at a steady rate as the regional population rate reaches new heights along with increased investments in the development of commercial establishments. Furthermore, the surging infrastructure development projects along with the presence of an expanding automobile sector especially the EV sector in Japan and China will determine the growth rate in Asia-Pacific. North America is projected to deliver significant results due to the growing expansion strategies adopted by dominant regional players such as 3M and BASF. Additionally, the regional demand for recyclable and eco-friendly surface protection tape is rising at a considerable rate.

Surface Protection Tape Market: Competitive Analysis

The global surface protection tape market is led by players like:

• Avery Dennison Corporation
• Lintec Corporation
• 3M Company
• Saint-Gobain Performance Plastics
• Berry Global Inc.
• Scapa Group plc
• ECHOtape
• Nitto Denko Corporation
• Surface Armor LLC
• Advance Tapes International Ltd
• Shurtape Technologies LLC
• Poli-Film America
• ECHOtape
• LINTEC Corporation

The global surface protection tape market is segmented as follows:

By End-User Industry

• Building & Construction
• Electronics & Appliances
• Automotive
• Others

By Surface Material

• Plastic
• Glass
• Polished Metals
• Others

By Type

• Polyvinyl Chloride
• Polypropylene
• Polyethylene
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa