Masking Tape Market Segmentation, Industry Outlook and Forecasts, 2018 - 2023
Globally, the masking tape market is predicted to grow at CAGR of 5.2% over the next seven years, providing numerous opportunities for market players to invest for research and development in the masking tape industry. Masking tape, commonly referred as painter's tape, is largely used in packaging as well as construction industry.
Globally, the masking tape market is predicted to grow at CAGR of 5.2% over the next seven years, providing numerous opportunities for market players to invest for research and development in the masking tape industry. Masking tape, commonly referred as painter's tape, is largely used in packaging as well as construction industry.
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<strong>Masking</strong> <strong>Tape</strong> <strong>Market</strong> <strong>Segmentation</strong>, <strong>Industry</strong> <strong>Outlook</strong><br />
<strong>and</strong> <strong>Forecasts</strong>, <strong>2018</strong> - <strong>2023</strong><br />
<strong>Masking</strong> <strong>Tape</strong> <strong>Market</strong> Report provides in-depth analysis of industry by<br />
Production, Share, Size, Dem<strong>and</strong>, Proposition, Development, Opportunistic<br />
Growth, Economic Trends, Technologies Research, <strong>Segmentation</strong>, Key Futuristic<br />
Investment Feasibility, Major key players, SWOT Analysis <strong>and</strong> Forecast.<br />
The Global <strong>Masking</strong> <strong>Tape</strong> <strong>Market</strong> is subject to witness a substantial growth due to the robust<br />
growth in the building & construction industry <strong>and</strong> increasing number of infrastructural projects.<br />
Favorable government initiatives <strong>and</strong> increasing funding from local government authorities for<br />
development of various infrastructural projects such as smart city projects, particularly in the Asia<br />
Pacific region are expected to favor market growth of masking tape industry in the upcoming years.<br />
Globally, the masking tape market is predicted to grow at CAGR of 5.2% over the next seven years,<br />
providing numerous opportunities for market players to invest for research <strong>and</strong> development in the<br />
masking tape industry. <strong>Masking</strong> tape, commonly referred as painter's tape, is largely used in<br />
packaging as well as construction industry. <strong>Masking</strong> tape is considered as a type of pressuresensitive<br />
tape that is manufactured from a thin <strong>and</strong> easy-to-tear paper. <strong>Masking</strong> tape is used along<br />
with a pressure-sensitive adhesive. <strong>Masking</strong> tape are found in variety of widths.<br />
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The primary application of the <strong>Masking</strong> tape is painting, in order to mask off targeted areas, which<br />
are not to be colored. The use of pressure sensitive adhesive along with masking tapes helps in the<br />
removal of the tape without leaving residue or damaging the surface. The masking tape is<br />
commonly occurs in different strengths, for instance, based on the strength of the adhesive,<br />
masking tape is rated from 1–100 scale. These factors are expected to boost market dem<strong>and</strong> for<br />
masking tapes over the forecast period.<br />
Increasing adoption of masking tapes during development of bridges, tunnels, water supply, <strong>and</strong><br />
roofing is expected to stimulate market growth in the upcoming years. Some of the typical<br />
applications of the masking tapes include cladding, glazing, <strong>and</strong> air conditioning. Wide range of<br />
application in building <strong>and</strong> construction is expected to promote industry expansion over the<br />
forecast period. Furthermore, increasing infrastructural spending <strong>and</strong> various infrastructure<br />
development activities in the BRICS economies such as Brazil, Russia, India, China <strong>and</strong> South Africa<br />
are predicted to exp<strong>and</strong> market reach in the near future. Strong economic growth in the emerging<br />
economies across Asia Pacific region coupled with rising spending in current fiscal budgets are<br />
propelling market growth, in the recent years.<br />
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However, volatility in the cost of raw materials is expected to restrain market growth to a certain<br />
extent. The recent technological advancement in chemical manufacturing industry along with<br />
introduction of new specialty electrically conductive adhesive tapes are anticipated to amplify<br />
market value of masking tapes in the upcoming years. <strong>Masking</strong> tapes are gaining traction in<br />
telecommunications equipment market owing to their unique set of properties. In addition, growing<br />
spending by industry participants in research & development activities is expected to offer lucrative<br />
growth opportunities in the near future.<br />
Packaging industry is considered as one of the fastest growing segment in the masking tapes market<br />
with substantial revenue generation in the last few years. Increasing dem<strong>and</strong> for masking tapes
from packaging sector is attributed to their vital properties such as biodegradability, <strong>and</strong> low carbon<br />
footprint.<br />
The masking tape market is divided by region as North America, Europe, Asia-Pacific, Latin America<br />
<strong>and</strong> Africa. North America has shown major growth in recent years owing to the rise in the<br />
implementation of latest technologies in packaging <strong>and</strong> construction sector, development largescale<br />
infrastructural projects in the region, <strong>and</strong> existence of well-established manufacturing<br />
infrastructure. Asia-Pacific region is predicted to hold major market share in the masking tape<br />
market with massive growth in forecast period.<br />
Countries such as India, China <strong>and</strong> Singapore are leading the Asia-Pacific market with increasing<br />
dem<strong>and</strong> for food & beverages industry, rising construction spending, growing dem<strong>and</strong> from<br />
healthcare industry <strong>and</strong> significant investment by leading industry players considering potential<br />
growth opportunities in the region. The key players in the masking tape market are the 3M<br />
Company, Teas SE, Lintec <strong>and</strong> Nitto Denko Co., American Biltrite Inc., Adchem Co., Avery Dennison<br />
Co., <strong>and</strong> Jonson <strong>Tape</strong>s Ltd.<br />
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<strong>Market</strong> Segment:<br />
Key Applications<br />
• Construction<br />
• Automotive<br />
• Industrial<br />
• Electronic & Electrical<br />
Key Regions<br />
• North America
• Europe<br />
• Asia Pacific<br />
• Middle East <strong>and</strong> Africa<br />
• South America<br />
Key Vendors<br />
• Request free sample to get a complete list of companies<br />
Key Questions Answered in this Report<br />
• What will the market size be in <strong>2023</strong>?<br />
• What are the key factors driving the global <strong>Masking</strong> <strong>Tape</strong> market?<br />
• What are the challenges to market growth?<br />
• Who are the key players in the <strong>Masking</strong> <strong>Tape</strong> market?<br />
• What are the market opportunities <strong>and</strong> threats faced by the key players?<br />
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