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Global Anti-corrosion Tape Market Insight December 30, 2021 Comments

The anti-corrosion tape is forecast to show moderate growth over the next four years. According to the World Knowledge Information (WKI) “Global Anti-corrosion Tape Professional Survey Report 2020, Forecast to 2025”, The growing demand in many application fields such as electrical and electronics, oil and natural gas is the main factor driving the growth of anti-corrosion tape market.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 3.97% base on WKI regression analysis model.

Analysts’ Viewpoint:

“From the current situation of the industry, the anti-corrosion tape industry is being occupied by leading participants in a large area, and the industry concentration is high, so it is difficult for new entrants to squeeze into the market.”said Selena, Senior analyst, Chemicals Goods Market Research Center in WKI.”Affected by the epidemic, e-commerce is developing rapidly. It is suggested that the industry participants of anti-corrosion tape can consider developing online market, so as to broaden its own sales channels.”

Market insight:

Corrosion is a naturally occurring chemical reaction in which metals are usually converted to more stable forms by the formation of oxides, hydroxides and sulfides. This is the gradual destruction of metals when they are exposed to moisture, water or air. Anticorrosive tape is one of the materials used to prevent corrosion and protect metal surfaces. These tapes are usually wound around objects or parts of surfaces that are highly susceptible to corrosion. It is expected that the increased demand for various industrial applications will drive the demand for anti-corrosion tapes. In addition, the increasing demand of the construction sector for the protection of water pipes, metal wires and other metal objects will also promote the market growth of anti-corrosion tape.

However, some chemical companies are now developing new non corrosive materials to replace metals. The use of non corrosive materials will further limit the market growth of anti-corrosion tapes.

Competition Landscape:

The main players in the anti-corrosion tape market include Polyken, Nitto, Sam Hwan Anti-Corrosion Industrial, Innovative Manufacturing, 3M, Scapa, Denso, PSI Products, DEHN SOHNE, Jining Xunda Pipe Coating Materials, Ningbo Ideal Anti-corrosion Material, Shandong Quanmin Plastic, Dasheng Heat Shrinkable Material, Zhongyide, Hs-well and others.

Segmentation of Anti-corrosion Tape Market:

By type, the anti-corrosion tape market can be divided into Vaseline based, polymer based and others. Among them, polymer matrix occupies the leading position in the market. Polymer based anticorrosive tape is widely used because of its high temperature resistance and low adhesion. According to the application, the anti-corrosion tape market can be divided into oil and gas industry, chemical industry, water supply industry and others. Among them, the largest application is the oil and gas industry. In the oil and gas industry, anti-corrosion tape is used to prevent corrosion of pipelines, valves and flanges. The tape also helps to protect the surface from wear during transportation through oil pipelines or ships, and also use to seal joints, fittings and valves exposed to corrosive environment. With its superior performance, it will promote the growth of this market segment.

Anti-corrosion Tape Market: Regional Analysis

In terms of geography, the global anti-corrosion tape market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.Due to the high demand of the oil and gas industry, North America is currently the largest anticorrosive tape market, accounting for about one third of the world. However, due to the increase of construction activities, it is estimated that the Asia Pacific region will be in the leading position in the anti-corrosion tape Market in the forecast period. The growing demand for the electrical and electronic industry to protect wires and other components from rust is also an important factor driving the increase in demand in the Asia Pacific region. In addition, considerable growth is expected in Europe due to the use of anti-corrosion adhesive tape in the automotive industry to protect automotive parts from rust caused by oil and water.

 

Cagr: 3.97%
Largest share area:North America
Largest share country:the United States