The masking tape market will generate a CAGR of 5.2% for the forecast period. Globally masking tape market is anticipated to exceed US$ 7,901 Million by the end of 2032. The expansion of the e-commerce industry in the United Kingdom has opened up several opportunities for the masking tape market. The technical advancement in logistics and shipping strategies in the UK has created a demand and is dominating the masking tape market in Europe. This tape is used in the packaging of courier boxes and parcels and it acts as a sealant. It allows the shipping boxes to resist wear and tear while the box is in transit and the boxes remain secure.
The UK is also witnessing a boom in the construction industry. Home builders are searching for new projects and this search will lead to a surge in the masking tape market. A developed economy like Germany has also made future plans regarding the development of its construction industry.
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The government of Germany is supportive of the construction sector and has planned a roadmap for construction activities. This sector is guaranteed to grow progressively by creating a significant demand and space for the masking tapes market. There are four types of tapes market based on resin type – acrylic, rubber, silicone, and others. Among the four, acrylic types dominate the market with the highest market share. This will grow at a CAGR of 6.6% during the forecast period.
Key Takeaways
- The growing popularity of electric bikes and cars and the increase in awareness among European citizens have led them to switch to an eco-friendly means of transport and this change has created a market for masking tapes.
- Masking tapes have become a good option in place of nuts, bolts, and fasteners because it reduces the weight of the vehicle and reduces its cost of production. Hence the vehicle becomes more affordable for the common.
- Double-sided masking tape is expected to grow from $ 10.7 billion in2021 to $11 billion in 2022 at a CAGR of 8.4%
- The global double-sided masking tapes market is expected to reach approx. $ 14 billion in 2026 at a CAGR of 4.75%
- Polypropylene-based specialty tapes are expected to drive the global specialty tapes market in the long-term forecast. The Global Specialty Tapes Market report presents a holistic evaluation of the market.
- Acrylic-type tape is considered best for polar surfaces and they do not break down when exposed to chemicals and UV light. These can be solid, water-based, or solvent-based.
- Acrylic tapes are widely used in the automobile industry to improve bonding strength.
- Rubber tape had the second-largest market share in 2021. These tapes are used in sealing and insulating electric connections. These can withstand normal to high temperatures. They are cheap and sturdy.
Competitive Landscape
- Supra Ratiopac And Peka Stanz – UND KLEBETECHNIK are German companies that are experts in printed and fiber–reinforced masking tapes.
- UK industrial tapes limited is a leading manufacturer and supplier of various kinds of masking tapes.
- HESKINS LTD is a UK-based manufacturer. It was established in 1997 and it manufactures safety tapes as well glow-in-the-dark tape.
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By Backing Material Type:
- Foam
- Glass Fiber
- Foil
- Aluminium Foil
- Lead Foil
- Paper
- Crepe Paper
- Washi Paper
- kraft Paper
- Flatback Paper
- Plastic
- Polymide(PI)
- PVC/Vinyl
- Polyethylene Terephthalate/Polyster
- Fluropolymer
By Product Type:
- Single Sided
- Double Sided
By Adhesive Type:
- Silicon-based Adhesive
- Acrylic-based Adhesive
- Rubber-based Adhesive
By Application Type:
- Painting
- Planting
- Abrasive Blasting
- High Temperature Application
- Thermal Spraying
- General Use
By End-use:
- Automotive
- Building & Construction
- Painting
- Planting
- Abrasive blasting
- High Temperature Application
- Thermal Spraying
- General Use
- Aerospace
- General Industry
- Electronics & Electrical
- Medical
- Metal Working
- Shipping & Logistics
- Printing
- Others
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The key players in the masking tape market are Saint-Gobain Performance Plastics, Berry Global Inc., 3M AVERY DENNISON CORPORATION, NITTO DENKO CORPORATION, Lintec Corporation, Tesa SE, Intertape Polymer Group, Inc., Lohmann GmbH & Co.KG, Nichiban co. ltd.
Recent Developments
- The UK-based adhesive tape converter BDK Industrial Products Ltd. is becoming part of the leading water-based adhesive tapes manufacturer ATP Adhesive Systems Groupbased in Switzerland. This merger will strengthen the market position of both companies and will help them in achieving their common goal.
- Amcomri group has acquired Premier limpet, the UK’s largest manufacturer of adhesive tape. Premier limpet delivers over 48 million square meters of tape per year. They have also manufactured a special social distancing tape for various retail and other public settings during the pandemic.
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