Masking Tapes Market Growth, Forecast and Value Chain 2017-2027
The Pressure Sensitive Adhesive (PSA) market is witnessing a healthy growth rate across different regions and the Masking Tapes Market is one of the largest contributing segments to PSA's growth. Masking tapes are generally made of a thin carrier coated with a soft adhesive layer. The highlight of masking tapes is that they can be removed easily without damaging the surface. Masking tapes do not also leave behind any residue on the surface on which it is applied. They only provide temporary concealment and are not used for finishing processes.
The masking tapes market emerged in 1920's when there developed a need to replace butcher paper that was used to cover cars while painting as the butcher paper caused a lot of damage while being peeled off. The masking tapes market has evolved over the years and is still growing as new products are being developed by manufacturers for specific applications by adopting new technologies.
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Masking Tapes Market - Market Dynamics:
The Masking tapes market is expected to grow at a CAGR of around 5% over the forecast period and this growth will primarily be driven by the growth in the Automotive and Construction sector. The development of new applications like the decorating industry is expected to contribute to the growth in the masking tapes market. Furthermore, features such as convenience to use, low cost in comparison to other adhesives, and its non-sticky nature will also help the masking tapes market to grow during the forecast period. However, factors such as changing technology, better alternatives, and the temporary usage of masking tape can offset the growth of masking tapes market. In addition, masking tape is still not being used in some of the growing industries which include electronics and industrial bonding, etc. This can further hinder growth in the masking tapes market. Climate plays a huge role in determining the performance of the masking tape as the adhesive does not stick when the surface is either too hot, too cold, humid, moist or rainy. This is precisely why climatic conditions can also impact the demand for the masking tapes market.
Masking Tapes Market- Market Segmentation:
Based on type, the global Masking tapes market is segmented into following:
Abrasive Blasting tapes
High Temperature tapes
Thermal spray tapes
Based on application, the global Masking tapes market is segmented into following:
Automotive: Car repair
Transports: Bus, ship, military industries,
Building & Construction
Medical: surgical instruments
Based on tape adhesive, the global Masking tapes market is segmented into following:
Based on carrier, the global Masking tapes market is segmented into following:
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Masking Tapes Market - Regional Outlook:
Geographically, the global disposable cups market is divided into five regions -- North America, Latin America, Europe, Asia-Pacific (APAC) and Middle East & Africa (MEA). It is expected that the Asia-Pacific region will be the largest market for masking tapes because of the increasing demand from the Automotive and Construction sectors in developing economies like India and China. MEA is also expected to witness a growth in demand in masking tapes market due to the growing construction and building industry in the region. North America and Europe, on the other hand, will witness moderate growth in masking tapes market due to primary shift in production from North America and Europe to Asia Pacific.
Masking Tapes Market – Key Players:
Some of the major players identified across the globe in the duct tape market are: 3M Company, Bostik SA, Intertape Polymer Group Inc, Shurtape Technologies, LLC, Shurtech Brands, LLC, Stokvis Tapes BV, Tesa Tape Inc. Scapa Group plc, PT Ekadharma International Tbk, and Luxking Group Holdings Limited.
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