Press release
Double-Sided Masking Tapes Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | 3M, Intertapes Polymer Group, Shurtape Technologies LLC, TesaTapes Private Ltd
Double-Sided Masking Tapes Market Size
The Business Research Company offers in-depth market insights through Double-Sided Masking Tapes Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The double-sided masking tapes market size has grown strongly in recent years. It will grow from $12.33 billion in 2023 to $13.1 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to automotive industry demand, electronics and pcb manufacturing, construction and building applications, industrial and manufacturing needs, and efficient bonding solutions
.
The double-sided masking tapes market size is expected to see strong growth in the next few years. It will grow to $17.25 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to increased automation in manufacturing, e-commerce and online sales, regulatory compliance, medical and healthcare applications, and renewable energy and solar panel assembly. Major trends in the forecast period include advanced materials and composites, automation in manufacturing, technological innovations, innovative solutions, and strategic partnerships.
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Market Segmentation:
The main types of double-sided masking tapes are silicon-based adhesive, acrylic-based adhesive, and rubber-based adhesive. The silicon-based adhesive is used for sealing gaskets and engines in the transportation industry and for potting and heat sink attachment in electronic applications. Silicone adhesive is a versatile, water-resistant polymer whose primary ingredient is silica. The various applications of double-sided masking tapes are painting, plating, abrasive blasting, high-temperature applications, and other applications. The end-users of double-sided masking tapes include automotive, building and construction, healthcare, electrical and electronics, packaging, aerospace, and other end-users.
Major Driver - Growing Construction Sector Drives The Market
The growing penetration of the construction sector is expected to propel the growth of double-sided masking tapes. Double-sided masking tapes are used to resist the material from corrosion and keep the material surfaces clean and smooth and provide sealing function protection against environmental elements during construction. Due to these characteristics, the construction industry has gradually used double-sided masking tape for outdoor and indoor applications. For instance, in September 2021, according to the Global Construction Outlook report by Marsh, a UK-based Insurance company stated that between 2020 and 2030, the global construction market is expected to grow by $4.5 trillion, reaching $15.2 trillion, with emerging markets accounting for $8.9 trillion. Furthermore, China, India, the United States, and Indonesia will account for 58.3% of global construction growth. Therefore, the rise in construction activities is expected to boost demand for double-sided masking tapes market during the forecast period.
Competitive Landscape:
Major companies operating in the double-sided masking tapes market include 3M, Intertapes Polymer Group, Shurtape Technologies LLC, TesaTapes Private Ltd., Nitto Denko Corp, Lintec Corporation, Avery Dennison Corporation, Yem Chio Co Ltd., SEKISUI Chemical Co Ltd., Lohmann GmbH & Co. Kg, Guangzhou Broadya Adhesive Products Co Ltd., Scapa Group plc, Berry Global Inc., Saint-Gobain Performance Plastics, L&L Products, Adchem Corp, Adhesive Applications Inc., Adhesives Research Inc., Advanced Flexible Composites Inc., Adhesive Systems Inc., American Biltrite Inc., Arkema Group, Ashland Inc., Bostik Findley SA, Collano Adhesives AG, Dow Inc., Drytac Corp, Franklin International Group Ltd., H.B. Fuller India Adhesives Pvt Ltd.
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Top Trend - Technological Advancement Transform The Double-Sided Masking Tapes Market
Technological advancement is a key trend gaining popularity in the double-sided masking tapes market. The market is witnessing the implementation of different adhesive technologies in the double-sided masking tapes market, such as hotmelt adhesive and acrylate adhesive, because of their light adhesion characteristics. Major companies operating in double-sided masking tapes are focused on providing sustainable solutions for masking tapes to strengthen their market position because of their environmental responsibility towards renewable and sustainable tapes. For instance, Germany-based Monta revealed a new range of self-adhesive paper tape, a silicone-free alternative to adhesive tapes with synthetic backings. It enables mono-material packaging solutions and is a more adaptable and user-friendly alternative to water-activated tape.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Double-Sided Masking Tapes Market Characteristics
3. Double-Sided Masking Tapes Market Trends And Strategies
4. Double-Sided Masking Tapes Market - Macro Economic Scenario
5. Double-Sided Masking Tapes Market Size And Growth
…..
27. Double-Sided Masking Tapes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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