Press release
Double-Sided Masking Tapes Market 2024: Growth Rate, Sales, Production, Consumption, Manufacturers' Shares, and Outlook Through 2033
Double-Sided Masking Tapes Market
.
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.
Market Overview -
The double-sided masking tapes refers to pressure-sensitive tape coated with adhesive on both sides. It is widely used in various industries for holding, bonding, mounting, sticking, splicing, and packaging. Double-sided masking tapes are also used in the construction industry to hold materials during installation temporarily. These double-sided masking tapes are available in different widths and lengths to suit various applications.
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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.
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.
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Key Segments -
The double-sided masking tapes market covered in this report is segmented -
1) By Product Type: Silicon-based Adhesive, Acrylic-based Adhesive, Rubber-based Adhesive
2) By Application: Painting, Plating, Abrasive Blasting, High-Temperature Applications, Other Applications
3) By End-User: Automotive, Building and Construction, Healthcare, Electrical and Electronics, Packaging, Aerospace, Other End-users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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