The global demand for masking paper is set to experience steady growth with a consistent CAGR of approximately 5.42% from 2022 to 2032. This growth trajectory is propelled by the increasing adoption of masking paper across diverse applications such as painting, thermal spraying, and printing. Masking paper plays a pivotal role in safeguarding surfaces from paint overspray and splatter, finding utility in industries ranging from automotive and construction to aerospace and electronics.
The heightened requirement to shield surfaces of automotive components, construction structures, and electronic goods is driving the widespread utilization of masking papers and tapes. This surge in demand is expected to sustain market growth over the forecast period. Masking paper has become the preferred solution for protecting surfaces during manufacturing and repair processes, offering extended protection against paint overspray. The material’s recyclability, cost-effectiveness, user-friendliness, and customization capabilities make it a popular choice among end users.
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Given its excellent barrier properties, robust mechanical strength, and adaptability to specific requirements, the masking paper market has witnessed remarkable sales growth in recent years, a trend that is anticipated to persist in the foreseeable future.
Market Dynamics:
The global market for masking paper is anticipated to grow during the forecast period on the backdrop of various factors. The key driver driving the growth of the global masking paper market is the used car segment in the automotive market that has generated significant revenues for the automotive market across North America, U.K. and Asia Pacific region. The market for new vehicles is dominated by established players and has shown sluggish growth in developed markets.
The used car market allow multi-shop operators (MSO) and other small players to enter the high revenue generating market of automobiles. The used car market requires vehicles to be painted, repaired and sold in visually appealing conditions. Hence used car market segment allows a large number of players to operate in the market creating business opportunities for manufacturers of paint coatings, masking paper, masking tapes, and other supplies.
Several factors have emerged responsible for the used car market to show signs of considerable growth. Used cars have also allowed consumers to afford vehicles at affordable prices and have them customized as per their preferences. Masking paper manufacturers are hence targeting players operating in the used car market considering the growing requirement of supplies to cater to the increasing demand of used cars. Application of masking paper in the building & construction industry for painting is expected to create enormous opportunities for making paper manufacturers. These factors are anticipated to surge further demand for masking paper in the global market during the forecast period.
Despite the positive outlook, some factors that might restrain the growth of the global masking market. One of them is that the used masking paper contains paints, inks, and dyes, etc. on its surface which requires a separation process before disposal or recycling. Another factor is the availability of alternatives such as masking tapes. However, the market for masking paper is expected to have a positive outlook during the forecast period owing to its sustainability and recyclability.
Regional Outlook:
Geographically, the global masking paper market has been divided into seven key regions- North America, Latin America, Western Europe, Eastern Europe, and Asia Pacific excluding Japan, Middle East & Africa, and Japan. The Europe automotive industry is the largest manufacturer of automobile vehicles and heavily invests in R&D. The industry has shown some recovery after the recession, and is anticipated to benefit the masking paper market directly with its growth.
Key players:
Some of the key players operating in masking paper market are- Potsdam Specialty Paper, Inc., Brown Packaging, Inc., Quest Automotive Products, Atlantic Coated Papers Ltd, Shanghai Smith Adhesive New Material Co., Ltd, and API, Inc. Many local and unorganized players are expected to contribute to the global masking paper market during the forecast period.
Market Segmentation:
On the basis of product type,
- Crepe Paper
- Washi Paper
- Kraft Paper
- Flatback Paper
On the basis of basis weight,
- Up to 40 GSM
- 40 GSM to 50 GSM
- 50 to 60 GSM
- Above 60 GSM
On the basis of paper grade,
- Virgin Paper
- Recycled Paper
On the basis of application,
- Painting
- Plating
- Printing
- High-Temperature Applications
- Thermal Spraying
- Other Applications
On the basis of end-use,
- Automotive
- Building and Construction
- Aerospace
- Electrical & Electronics
- Healthcare
- Metal Working
- Shipping and Logistics
- Others
Report Highlights:
- A detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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