Masking Tapes Market to Prosper at 5.3% CAGR Through 2027
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.
Request For Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-2642
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
Send an Enquiry @ http://www.futuremarketinsights.com/askus/rep-gb-2642
More than half of masking tapes sold in the world throughout the forecast period will contain rubber-based adhesives
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.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Masking Tapes Market to Prosper at 5.3% CAGR Through 2027 here
News-ID: 675091 • Views: 193
More Releases from Future Market Insights
Ferrovanadium Market to Witness Robust Expansion throughout the Forecast 2018-20 …
Future Market Insights (FMI) analyses the global ferrovanadium market in its new publication titled “Ferrovanadium Market: Global Industry Analysis (2013 – 2017) & Opportunity Assessment (2018 – 2028)”. This study provides data for 2017 along with the forecast for the period (2018–2028). The main objective of the report is to identify the dynamics of the market and provide recent updates and insights pertaining to various segments of the global ferrovanadium
Automotive Lighting Market is expected to grow at a CAGR of ~6% during the forec …
In a recent publication, Future Market Insights (FMI) provides a perspective on the growth trajectory of automotive lighting market for the period between 2019 and 2029. According to the study, worldwide sales of automotive lighting reached ~2 billion units, equating a value of ~US$ 36.5 billion in 2018. Gains remain driven by growing popularity of luxury cars and high purchasing power of middle class demographic in developing countries that increased the
Motorcycle Suspension System Market Size, Share, Industry Analysis, Future Growt …
Future Market Insights has released a new market study on "Motorcycle Suspension System Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028", which studies the global Motorcycle Suspension System market and offers deep dive analysis for the next ten years. The report evaluates all the key macro-economic factors projected to support the growth of the global as well as regional markets. The report on Motorcycle Suspension System also presents the
Clinical Trials Market Survey Report 2021 Along with Statistics, Forecasts till …
The study offers a long-term forecast of the clinical trials landscape for the period between 2019 and 2029. The clinical trials landscape is projected to record a 4.5% CAGR through 2029. Collaboration at Its Peak: Key Strategy of Manufacturers in Clinical Trials Market For reducing economic burden, many companies are planning to shift their focus towards on-core business activities, thereby outsourcing their clinical trials activities to the CROs (contract research organizations). This
More Releases for Pro
RealAction Pro Review:
RealAction Pro Review: We all want to share our lives with friends and family in today's social media age. For many people, this means snapping a few photos or sharing a vacation video. However, if you live an active lifestyle, a standard smartphone camera will not suffice. You'll need a camera that you can take with you wherever you go. A good action camera should be tough and durable. It must,
TotalTrim Pro Review-Does TotalTrim Pro Work-Complete Info
TotalTrim Pro is a cordless hair clipper grooming kit that offers get entry to to professional grooming movies as well, teaching users a way to emerge as their very own barber with numerous tutorials. The clippers offer clip-on manual combs and anti-rust blades to give the precision that purchasers want to have for their precise appearance whether cutting, trimming or styling. With FREE Access to Professional Barber Master Classes, the
ScratchUndo Pro Review-Does ScratchUndo Pro Work-Complete Info
There are hundreds of humans in the usa who love their vehicle dearly and will ensure that there isn't even a unmarried scratch on it. But of direction, there are several conditions in which your automobile will be scratched up. It may be a result of a minor coincidence or other method as properly. But here’s the catch, each time your car or another car has a scratch, you can not
CoverSafe Pro Reviews-Does CoverSafe Pro Work-Complete Info
Cover Safe Pro is a splendid and at ease mask created of reusable triple-layered cloth, making it long lasting and permitting the wearer to breathe conveniently. The mask will cowl your nose and mouth. Considering it has an ergonomic layout coupled with advanced airflow substances, it'll protect you towards probably dangerous air pollutants with out demanding approximately fitting ability. http://claimspecialdiscount.site/Get-CoverSafePro-Here How Helpful Is Cover Safe Pro Cover Safe Pro Review
ECOGREEN PRO OFFERS DISCOUNT TO NEW CLIENTS
BETHLEHEM, PA - DECEMBER 13, 2018- Ecogreen Pro is pleased to announce a terrific discount for new clients on all their services. Bethlehem and surrounding area residents can take advantage of 10% off when visiting their website and use the coupon provided. Having cleaner carpet is not only visually more appealing, but it is healthier for homeowners and their families. High traffic areas can see a noticeable difference in color,
Sterling Trader Pro 10.4 Update
The Sterling Trader Pro 10.4 update includes a full redesign of the user interface, advanced additional chart studies, new high performance charting package, time based filters and tabbed charts. A detailed list of updates: Charts: New indicator added: VWAP New line study added: Horizontal Value of line displayed when hovered over or moving line Pass-thru alerts can be added to horizontal lines by selecting the line and choosing “Add/Edit Alert” via the right-click menu Use up/down