The masking tapes market is currently valued at US$4.76 billion and is projected to reach US$7.9 billion by 2032, with a compound annual growth rate (CAGR) of 5.2% between 2022 and 2032. Masking tapes are mini-crepe and smooth paper tapes that offer resistance against water or solvents from paint and possess strong adhesive properties. They are commonly used for hanging plastic sheeting during painting or other tasks and can be removed cleanly without causing damage to the underlying surface.
The Global Alliance for Buildings and Construction predicts that the construction industry worldwide will experience an annual growth rate of around 3% from 2020 to 2030. This growth can be attributed to factors such as increasing pent-up household savings, population growth, and pandemic stimulus programs.
The demand for sustainable masking tapes, also known as eco-tapes, has been on the rise due to their eco-friendly nature. Gummed tapes and self-adhesive tapes made from paper are considered viable alternatives to polypropylene and vinyl tapes.
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Innovation is playing a significant role in the masking tapes market. Temperature-resistant and UV-resistant masking tapes are being recommended for use on cured paint surfaces, plastered walls, glass, and other similar materials. DIY enthusiasts are also contributing to the demand for masking tapes. Market participants are focused on developing safe, clean, and lightweight adhesives for use in the production of masking tapes.
However, strict regulations imposed by governing bodies are a restraining factor in the masking tapes market. The REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) regulation governs chemical legislation in Europe and bans or restricts the use of certain adhesives such as rubber-based and acrylic-based products.
These findings and future prospects have been analyzed by Future Market Insights in their latest market study titled ‘Masking Tapes Market’
Key Takeaways from Masking Tapes Market
- North America holds the largest market share with the US looking forward to capitalize on various opportunities in automotive and construction verticals. Research states that construction spending over here was US$ 1,459.4 Bn as of November 2020.
- Europe is expected to hold a significant market share in the forecast period due to the UK witnessing an upsurge in e-Commerce markets. Germany is another region slated to account for a remarkable market share. The Federal Ministry of Transport and Digital Infrastructure (BMVI) has come up with ‘Road Map for Digital Design and Construction’ to have a smooth ride with construction projects going forward.
- The Asia-Pacific is expected to witness maximum turbulence in the masking tapes market, wherein Japan is expected to lead from the front.
- Single-sided tape is preferred due to being versatile in operation.
- Rubber-based adhesives are expected to rule the masking tapes market due to them being cost-effective. The ongoing trend is that of demand for organic rubber.
“The upcoming period to witness an excessive demand for sustainable masking tape solutions”, says an analyst from Future Market Insights.
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Competitive Arena
- Tesa SE, of late, did establish a new-fangled production plant in China, apart from investing 55 Mn Euro in building a novel plant in Vietnam.
- 3M, for strengthening the position in healthcare vertical, expanded the portfolio of adhesive solutions for wearable medical devices.
- Tesa SE, in May 2018, completed the acquisition of Functional Coatings, Inc. (known for providing adhesive sealing and coating).
What does the Report Cover?
- Future Market Insights offers an exclusive perspective and various real-time insights on the masking tapes market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
- The research study is based on backing material type (foam, glass fiber, foil (aluminium foil and lead foil), paper (crepe paper, washi paper, kraft paper, and flatback paper), plastic (polymide (PI), PVC/vinyl, polyethylene terephthalate/polyester, and fluoropolymer)), by product type (single-sided and double-sided), by adhesive type (silicon-based adhesive, acrylic-based adhesive, and rubber-based adhesive), and by application type (painting, planting, abrasive blasting, high temperature application, thermal spraying, and general use), and by end-use (automotive, building & construction (painting, planting, abrasive blasting, high temperature application, thermal spraying, and general use), aerospace, and general industry (electronics & electrical, medical, metal working, shipping & logistics, and printing), and others).
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Key Segments
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
- Fluoropolymer
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
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
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