Growing Demand for Surface Protection Tapes Market at 8.4% of CAGR Through 2026 | Top Players: Toray Industries, Inc. (Japan), 3M (US), DowDuPont (US), Compagnie de Saint-Gobain S.A. (France), Chevron Phillips Chemical Company etc.| Coronavirus-COVID19 Im

The Global Surface Protection Tapes Market Market was valued at USD 9.1 billion in 2018 and is expected to reach USD 15.9 billion in 2026, growing at a CAGR of 8.4% by 2027.
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Surface protection tapes are made up of plastic and have self-adhesive and self-adhering properties. It protects the surface from scratches during transit, handling, and post-installation and offers various properties including adjustable peel force, no adhesive residue, weather resistance, and UV resistance. These tapes are used on stainless steel, coated metals, aluminum, glass, and plastics.

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Market Segmentation:
Following Top Key players are profiled in this Market Study:
Toray Industries, Inc. (Japan), 3M (US), DowDuPont (US), Compagnie de Saint-Gobain S.A. (France), Chevron Phillips Chemical Company (US), Berry Global Inc. (US), Nitto Denko Corporation (Japan), Avery Dennison (US), Tesa SE (Germany), and Intertape Polymer Group (Canada) among others are some of the major players operating in the global surface protection tapes market

By End-use Industry: Polished Metals, Glass, Plastic, Others

Based on end-use industry, the electronics & appliances segment is expected to dominate during the forecast period
Based on end-use industry, the market has been segmented into electronics & appliances, building & construction, automotive, and others. The electronics & appliances segment accounts of the largest share in the market and held for more than 45% of the total market in 2018. The major factors that are driving the growth of this segment are the rising demand for ultra-low and very low types of adhesives and growth rates for the electronics industry developing countries such as India, China, and Indonesia.

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Regional Analysis:
North America
Europe
Asia Pacific
LATAM
Middle East Africa

Regional Analysis:
Asia-Pacific to dominate the surface protection tapes market throughout the forecast period

Asia-Pacific accounted for nearly 40% share of the global surface protection tapes market in 2018 and is expected to dominate the market throughout the forecast period. The rapid growth in the urbanization and liberalization of foreign direct investment in the manufacturing sector are the major driving factor for the region in the global market. Moreover, rapid urbanization, high economic growth, intensive construction activities, and increasing standards of living increase its dominance in the global surface protection tapes market in future.

North America is expected to hold the highest CAGR in the global market during the forecast period. The manufacturers are investing in North American countries to meet the demand for end-user industries. Growth of industries such as consumer electronics and construction is expected to enhance the market growth in the global surface protection tapes market during the forecast.

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