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Analysis of Key Market Segments Driving the Double-Sided Masking Tapes Market
Double-Sided Masking Tapes Market
Forecasted Market Size and Growth Trajectory of the Double-Sided Masking Tapes Market
The market for double-sided masking tapes is projected to experience significant growth through 2030, reaching an estimated value of $19.83 billion. This represents a compound annual growth rate (CAGR) of 7.7%. Several factors contribute to this upward trend, including the rising use of sustainable adhesive materials and a growing preference for recyclable products. Additionally, the expansion of modular construction techniques, increasing focus on advanced electronics assembly, and the rising implementation of industrial automation all bolster market growth. Key trends anticipated during this period include greater demand for high-performance bonding solutions, broader application in construction and automotive sectors, development of temperature-resistant tapes, enhanced utilization in electronics manufacturing, and innovations focused on residue-free adhesive technologies.
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Leading Players Shaping the Double-Sided Masking Tapes Market
Several prominent companies hold major positions in the double-sided masking tapes industry, including 3M, Intertapes Polymer Group, Shurtape Technologies LLC, Tesa Tapes 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., American Biltrite Inc., Drytac Corp, Franklin International Group Ltd., and H.B. Fuller India Adhesives Pvt Ltd.
In a notable development, in January 2023, Zone Enterprises LLC, based in the US, acquired Can-Do National Tape for an undisclosed sum. This move aims to broaden Zone Enterprises' product portfolio, strengthen its manufacturing capabilities, especially in converting processes, and enhance its manufacturing presence across North America. Can-Do National Tape is recognized for supplying a diverse assortment of adhesive tapes and related industrial and commercial solutions.
Market Segmentation Breakdown of the Double-Sided Masking Tapes Industry
This report categorizes the double-sided masking tapes market into specific segments for better insight:
1) By Product Type: silicon-based adhesive, acrylic-based adhesive, and rubber-based adhesive.
2) By Application: painting, plating, abrasive blasting, high-temperature applications, and other uses.
3) By End-User: automotive, building and construction, electrical and electronics, packaging, aerospace, and other end-users.
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Further subdivisions are outlined as follows:
- Silicon-based adhesive tapes include high-temperature resistant tapes and specialty electronics tapes.
- Acrylic-based adhesive tapes are divided into permanent adhesive tapes and removable adhesive tapes.
- Rubber-based adhesive tapes consist of general-purpose tapes and high-performance tapes.
This detailed segmentation helps provide a clear understanding of the diverse product types, applications, and industries fueling growth in the double-sided masking tapes market.
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