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.
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
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 />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/masking-tape-market<br />
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
Change language