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How will the Growth Unfold for Masking Tapes Market Leaders: Shanghai Yongguan Adhesive Productions Corp. Ltd., Pro Tapes & Specialties, Inc., Intertape Polymer Group Inc.….

06-04-2019 01:34 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

How will the Growth Unfold for Masking Tapes Market Leaders:

Known for their industrious use across heavy engineering operations, masking tapes are actively becoming a sough-after commodity in the global automotive industry. Masking tapes developed to sustain high temperatures have gained effective application in safety of automotive engines that tend to overheat within short span of time. Rising sales of used cars is also stimulating the demand for masking tapes as these tapes are essential for customisation of vehicles. A recent study published by Future Market Insights anticipates that by the end of 2017, nearly 30% of masking tapes sold in the world will be accounted by their end-use in the automotive industry.

The report has also profiled key players in the global masking tapes market, which include, Shanghai Yongguan Adhesive Productions Corp. Ltd., Pro Tapes & Specialties, Inc., Intertape Polymer Group Inc., Shurtape Technologies, LLC., tesa SE Group, Nitto Denko Corporation, Ahlstrom USA, Inc., PPI Adhesive Products (C.E.) s.r.o., Saint-Gobain Performance Plastics Corporation, PPM INDUSTRIES S.P.A., Canadian Technical Tape Ltd., Berry Global Group Inc., Cintas Adhesivas Ubis, S.A., Scapa Group plc., Advance Tapes International Ltd., Bolex (shenzhen) Adhesive Products Co., Ltd., Vibac Group S.p.a., Expera Specialty Solutions LLC., and Ultratape Industries Inc.

In the years to come, the global market for masking tapes will witness lucrative growth opportunities due to its improving applicability. In 2017, the report predicts that global sales of masking tapes will bring in an estimated US$ 4.3 Bn in revenues. Application of masking tapes for painting purposes in the building & construction industry is also gaining traction. By the end of 2027, the global market for masking tapes will have soared at a steady pace, reflecting a CAGR of 5.3%, and bringing in US$ 7.2 Bn in revenues. The report also projects that over 60% of these revenues will be accounted by sales of masking tapes in painting applications.

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Impact of Robust Growth in Construction Industry

A highlight from the report reveals that growth of masking tapes market is deeply associated with the region’s construction business. Steady growth in housing markets and resurgence of the real estate sector are instrumenting the growth in construction & building business. From general use to plating, the wide application scope of masking tapes in construction industry is becoming a pivotal driving force for the market’s overall growth. Through 2027, nearly 40% of global masking tapes market value will be attributed by their end-use in building and construction industry.

Considering the influence of construction business in boosting the market’s growth, the report observes a surging demand for masking tapes in Asia-Pacific excluding Japan (APEJ) region. China, India and South Korea are some of the APEJ countries that are witnessing economic upturns, particularly in the sector for building and construction. Presently, North America is observed as a dominant region in the global masking tapes market, and is anticipated to procure over one-fourth share of global market revenues by the end of 2017. However, towards the end of the forecast period, the APEJ market is expected to gain dominance in the global masking tapes market, revenues from which record speedy growth at 7.6% CAGR.

Global Masking Tapes Market – Key Forecast Highlights

The report also emphasises the impact of unique & reproducible designs on the sales of masking tapes. Adoption of masking tapes is gaining traction due to such distinctive features, which also include their ability to barricade moisture from entering critical parts & components. Besides, a key restraint limiting the use of masking tapes is rising presence of fluids and other masking sheets, which is incidentally curbing the market to grow robustly. Additional key findings from the report include:

In 2017, more than 95% of global masking tape revenues were accounted by sale of single-sided tapes

By 2027-end, over 1,500 Mn square meters of masking tapes sold in the global market will be having plastic as the backing material, while paper backing materials will procure a 47.8% share on global market revenues

More than half of masking tapes sold in the world throughout the forecast period will contain rubber-based adhesives

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Masking Tapes Market Reports - Table of Contents
1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

3. Market Viewpoint

3.1. Macro-Economic Factors

3.1.1. Global Packaging Outlook

3.1.2. Global Masking Tape Outlook

3.2. Opportunity Analysis

4. Global Masking Tapes Market Analysis

4.1. Market Volume Projection

4.2. Market Size and Y-o-Y Growth

4.3. Absolute $ Opportunity

5. Global Masking Tapes Market Analysis By Region

5.1. Introduction

5.2. Historical Market Size (US$ Mn) and Volume (Mn Sq.m) Analysis 2012-2016 By Region

5.2.1. North America

5.2.2. Asia Pacific Excluding Japan

5.2.3. Western Europe

5.2.4. Eastern Europe

5.2.5. Latin America

5.2.6. Middle East and Africa

5.2.7. Japan

5.3. Current Market Size (US$ Mn) and Volume (Mn Sq.m) Forecast 2017-2027 By Region

5.3.1. North America

5.3.2. Asia Pacific Excluding Japan

5.3.3. Western Europe

5.3.4. Eastern Europe

5.3.5. Latin America

5.3.6. Middle East and Africa

5.3.7. Japan

5.4. Market Attractiveness Analysis By Region

6. Global Masking Tapes Market Analysis By Product Type

6.1. Introduction

6.2. Historical Market Size (US$ Mn) and Volume (Mn Sq.m) Analysis 2012-2016 By Product Type

6.2.1. Single Side

6.2.2. Double Side

6.3. Current Market Size (US$ Mn) and Volume (Mn Sq.m) Forecast 2017-2027 By Product Type

6.3.1. Single Side

6.3.2. Double Side

6.4. Market Attractiveness Analysis By Product Type

6.5. Key Trends

7. Global Masking Tapes Market Analysis By Adhesive Type

7.1. Introduction

7.2. Historical Market Size (US$ Mn) and Volume (Mn Sq.m) Analysis 2012-2016 By Adhesive Type

7.2.1. Acrylic-based Adhesives

7.2.2. Rubber-based Adhesives

7.2.3. Non-adhesive Tapes

7.3. Current Market Size (US$ Mn) and Volume (Mn Sq.m) Forecast 2017-2027 By Adhesive Type

7.3.1. Acrylic-based Adhesives

7.3.2. Rubber-based Adhesives

7.3.3. Non-adhesive Tapes

7.4. Market Attractiveness Analysis By Adhesive Type

7.5. Key Trends ....more

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About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

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