Global Anti-Corrosion Tape Market

The Global Anti-Corrosion Tape Market’s size was valued at USD 1.8 billion in 2021, and it is expected to reach USD 3.7 billion by 2028, with a CAGR of 4.1% during the forecast period 2022-2028. Anti-corrosion tapes are used to save metal surfaces against corrosion. The tape is used on the surface and sealed tightly with a plastic film or cloth to control water, air, and other corrosive factors from entering between openings. It supports to prevent further deterioration of metals over time by delivering an extra layer of protection from rusting, oxidizing and tarnishing. You can smoothly find this type of anti-corrosion product at online stores and local hardware stores, but different types might demand different tools for installation, which may not be available locally. Can apply it to different industries such as the water supply industry, oil & gas industry, chemical industry, etc. This product can be used for various industries, like the water supply, oil & gas, and chemicals.

What are Anti-Corrosion Tapes?

Anti-corrosion protects and safeguards metal surfaces from corroding in high-risk (corrosive) environments. There are various methods to safeguard such surfaces from corrosion like paints, coating or tapes. Anticorrosive tapes are PE tapes with anticorrosive materials wrapped around various metal parts exposed to the risk of corrosion over time. Increasing demand from various industrial applications is expected to propel anticorrosive tapes. However, the availability and adoption of other anticorrosive products are expected to hinder the growth of anti-corrosion tapes during the study period.

Growth Drivers

Increasing use of Anti-Corrosion tapes in diverse by end-use industries

Anti-corrosion tapes are used in end-use industries such as packaging, masking, client & office, electrical & electronics, defense, healthcare, automotive, white goods, paper & printing, Aerospace building & construction, retail, and others. The increasing applications of anti-corrosion tapes are predicted to propel the market. The movement towards using flatter and microelectronic devices continues, increasing the application of anti-corrosion tapes in the electrical & electronics industry. The corrosion tapes market in the healthcare & hygiene end-use industry is expected to grow at the highest rate during the forecast period. This growth is categorized into the aging population and common diseases. Also, the demand for in vitro diagnostics, hydrophilic films, transdermal medication delivery patches, and oral dissolvable films is pushing the healthcare industry’s demand globally. Building & construction, and defense are also growing end-use industries of anti-corrosion tapes. These tapes protect from corrosion, glazing, reduction, and insulation, thereby driving the building & construction industry market.

Opportunities

New generation Anti Corrosion Tape with improved arrangement delivering more precision and flexibility, with straightforward integration into strategies spur the Anti-Corrosion Tape industry growth. However, a paradigm shift towards an interconnected world and increasing requirement for miniaturization are necessitating additional improvement in the Anti-Corrosion Tape market and designing smarter products. Research and development in the Anti-Corrosion Tape industry to push costs and improve functionality are anticipated to rise in the medium term. Autonomous vehicles balanced to hit the mainstream alongside rapid growth in AI computing capabilities with enhancing commercials offer enormous opportunities in the Anti-Corrosion Tape market.

Restraints

Performance of strict regulatory guidelines

The chemical industry in many countries confronts challenges from regulatory management such as the Control of Substances Hazardous to Health, like the European Union, the Registration, Evaluation, Authorization and Restriction of Chemical, the Globally Harmonized System, and the Environmental Protection Agency. Manufacturers in these regions must follow regulations concerning the production and usage of anti-corrosion tapes for various applications to reduce the emissions of corrosions. These regulations mandate manufacturers to transform their technologies from solvent-based to water-based, which is a major challenge because they offer durability and resist a high range of temperatures.

Pre Covid-19 Impact on global Anti-Corrosion Tapes market

Before the covid-19 outbreak, the Anti-Corrosion market was growing because these tapes are mainly used to maintain relatively high adhesive strength, connected with superior protection against rust and sunlight. These products hold major features like water resistance and protection against UV rays and are efficiently useful to welded joints and bends, increasing sales figures. Corrosion protection tapes are mostly used on tubes, pipes, and conduits for undercover and outside applications, giving the product physical protection. That shows exceptional resistance and protection against corrosion, saving maintenance and manufacturing expenses and helping to increase the market for corrosion tapes.

Covid-19 Impact on global Anti-Corrosion Tapes market

The Covid-19 outbreak has unfavorably affected industries and economizing in several nations due to business shutdowns, travel bans, and lockdowns. The chemical, building & construction industries are sorrowing from office shutdowns, supply chain disruptions, and revocation of technology events. Most regions of the world have sorrowed stringent lockdowns of factories and plants, which has slowed the delivery programs, manufacturing activities and has determined the global supply chain. Therefore, these elements influence the sales and demand for corrosion protection tapes during the covid-19 period.

Post Covid-19 Impact on global Anti-Corrosion Tapes market

After the covid-19 outbreak, as the market started to recover, the growth revolution changed across regions, with some countries offering so much growth potential while others reported narrow profit margins. Companies working in the Anti-Corrosion Tape market were badly hit by the damaging effects of covid, with the main problem being supply chain management. Managing production with deficiencies in supply and man force has restricted the profitability of companies in 2020 and completed the requirement to adjust to more elegant methods of working. However, developing trends of online work and education and the exponential expansion of the e-commerce industry promote companies to recover their market share.

By Material Segmental Analysis

Based on material segment, polyethylene has the highest share in the anti-corrosion market, the radiation cross-linked polyethylene heat shrinkable wrap tape is a variety of anti-corrosion tape, and the cross-linked polyethylene has more suitable tensile power and damage resistance, and the butyl type heat-shrinkable sol is also used for the glue layer. The peel force is very improved. Generally, around 70N is more than three times cold-wrapped tape, and cold-wrapped tape is further 20N. The anti-corrosion capability is far more significant than that of the cold-wrapped tape. It is commonly used to repair the three-layer polyethylene anti-corrosion design and repair the damage and corrosion of the opposite-shaped pipe fittings.

By Application Segmental Analysis

Based on application industries, the market has segmented into building & Construction, Electrical & Electronics, Automobile, shipping & logistics, aerospace defense and others. The shipping & Logistics industry has the highest share in Anti-corrosion tapes because they prevent corrosion on tubing, valves, and flanges. The tape is also useful in covering surfaces from scrape damage during transportation via oil pipelines or maritime vessels. The Anti-corrosion tape is also used to seal joints, fittings, and valves exposed to a corrosive atmosphere. It helps deliver an effective hindrance against selecting any corroding mechanism or moisture into pipeline systems.

By Regional Segmental Analysis

Asia-Pacific dominated the anti-corrosion tape market mostly due to the great demand and consumption of anti-corrosion tapes for different applications into industrial applications. North America and Europe followed Asia-Pacific as the second and third largest consumer of anti-corrosion tape. Due to the rapidly expanding industrial base and increasing demand for anti-corrosion tapes in significant regional economies like India and China. Development in the region is majorly attributed to the high economic evolution rate followed by substantial investments across different industries such as automotive, healthcare, electrical & electronics, and building & construction. Various companies are setting up new plants or growing their current anti-corrosion tape production units in the region. The benefits of diverting production to the Asia Pacific are the low cost of production and the proficiency to help the local occurring markets better.

Competitors Analysis

Companies include Polyken, Nitto, Sam Hwan Anti-Corrosion Industrial, Innovate Manufacturing, 3M, Scapa, Denso, PSI Products, DEHN SOHNE, Jining Xunda Pipe Coating Materials, Ningbo Ideal Anti-Corrosion Material, Shandong Quanmin Plastic, Cortech, EcoStretch, Arsenal and other prominent players in the global anti-corrosion market. Key Stakeholders

• Market research and consulting firms
• Industry associations
• Local Governments
• Suppliers
• Retailers
• Research organizations and consulting companies
• Regulatory bodies

Recent Developments

• In December 2020, Arsenal Capital Partners declared the purchase of Canusa-CPS and Dhatec through its Seal For Life Industries associate, seeking to develop its essential corrosion protection solutions.
• In March 2021, Denso North America revealed a new pipe wrap product for corrosion and abrasion resistance for mainline and field joint coatings applications.
• In January 2021, MTorres announced its new, patented dry carbon fiber tape, which operates with liquid resin information and resin transfer molding for out of autoclave healing procedures for applications in aerospace composites and automation.
• In March 2021, Cortec declared the launch of the EcoStretch compostable corrosion-inhibiting stretch films for protecting metal equipment and parts. The development connects polishes and a proprietary corrosion inhibition technology. It is appropriate for radiated iron, silicon steel, brass, copper, carbon steel, stainless steel, aluminum, and galvanized steel.

Scope of the Report

Report Attribute	Details
Market Size Value in 2021	USD 1.8 Billion
The revenue forecast in 2028	USD 3.7 Billion
Growth Rate	CAGR of 4.1 % from 2022 to 2028.
Historical data	2017-2020
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	Companies include Polyken, Nitto, Sam Hwan Anti-Corrosion Industrial, Innovate Manufacturing, 3M, Scapa, Denso, PSI Products, DEHN SOHNE, Jining Xunda Pipe Coating Materials, Ningbo Ideal Anti-Corrosion Material, Shandong Quanmin Plastic, Cortech, EcoStretch, Arsenal.

Market Modelling

By Material Type

• Polyvinyl Chloride
• Polyethylene
• Polypropylene
• Polyolefin
• Petrolatum

By Application

• Building & Construction
• Electrical & Electronics
• Automobile
• Shipping & Logistics
• Aerospace
• Defense
• Others

By Region

• North America
• Europe
• Asia-Pacific
• South America
• The Middle East & Africa

Agricultural Microbial Market

Fabric Printing Machine Market

Spare Parts Market

Automotive After Market

PV Glass Market

Industrial Hybrid Stepper Motors Market

Breast Biopsy Market

Vaccines Market

Paper Core Market

Ultra-Wideband Technology Market