What is Anti-corrosion Tape - Global Market?
Anti-corrosion tape is a specialized adhesive tape designed to protect metal pipes and fittings from corrosion and rust. This tape is widely used in various industries due to its high resistance to harsh environmental conditions, durability, and cost-effectiveness. The global market for anti-corrosion tape has been experiencing steady growth over the years. In 2022, the market was valued at US$ 351 million and is projected to reach US$ 460.3 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 3.9% from 2023 to 2029.
Petrolatum-Based, Polymer Based, Others in the Anti-corrosion Tape - Global Market:
The anti-corrosion tape market is dominated by a few key players, with the top five manufacturers holding over 20% of the market share. The market is geographically diverse, with North America being the largest market, accounting for about 30% of the total market share. China follows closely behind, holding about 20% of the market share.
Oil and Gas Industry, Chemical, Water Supply Industry, Others in the Anti-corrosion Tape - Global Market:
In terms of product type, polymer-based anti-corrosion tape is the most popular, accounting for about 65% of the market. Polymer-based tapes are preferred due to their superior adhesion properties, resistance to corrosion, and durability. Other types of anti-corrosion tapes include petrolatum-based and others, but these hold a smaller share of the market.
Anti-corrosion Tape - Global Market Outlook:
The anti-corrosion tape has a wide range of applications across various industries. In the oil and gas industry, it is used to protect pipelines from corrosion, thus ensuring the safe and efficient transport of oil and gas. In the chemical industry, anti-corrosion tape is used to protect equipment and machinery from the corrosive effects of chemicals. The water supply industry also uses this tape to prevent corrosion in water pipes, thus ensuring the safe delivery of clean water. Other industries that use anti-corrosion tape include the construction industry, where it is used to protect steel structures from rust and corrosion.
| Report Metric | Details |
| Report Name | Anti-corrosion Tape - Market |
| Forecasted market size in 2029 | US$ 460.3 million |
| CAGR | 3.9% |
| Forecasted years | 2023 - 2029 |
| Global Anti-corrosion Tape market, by region: |
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| Global Anti-corrosion Tape market, Segment by Type: |
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| Global Anti-corrosion Tape market, by Application |
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| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
