Future Market Insights, Inc. (FMI) predicts a promising future for the masking tape market, driven by the expanding construction industry and the booming e-commerce sector. Dive deeper into the intricate dynamics of this burgeoning market and uncover compelling stakeholder opportunities in our comprehensive FMI report.
NEWARK, Del., Jan. 17, 2024 /PRNewswire/ — The Global Masking Tape Market is estimated to be valued at US$ 5,651.7 million in 2024 and US$ 8,800.8 million by 2034. The market is anticipated to expand at a CAGR of 4.5% over the forecast period.
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The growing urbanization and infrastructure development are increasing the adoption of masking tapes across the globe. For the construction of both commercial and residential buildings, masking tapes are crucial components for precision painting.
Apart from painting, these tapes help in several parts of the construction sector. These include electrical works, temporary covering over contamination, and labeling.
Manufacturers are adopting efficient adhesive coatings in their masking tapes to ensure complete consumer satisfaction. Manufacturers are leveraging sustainable practices in their manufacturing process, including raw material selection and energy consumption, to acquire a large consumer base.
The growth in the adoption of e-commerce is positively influencing the market for masking tapes. The rising demand for eco-friendly packaging solutions makes paper-based masking tapes a prominent choice for e-commerce. Manufacturers of masking tapes offer several options, such as customization and personalization, which further help e-commerce firms advertise their brands.
Key Takeaways from the Masking Tape Market
- The global masking tape market is projected to reach US$ 8,800.8 million by 2034.
- The market is anticipated to expand at a CAGR of 4.5% over the forecast period.
- Japan’s masking tape market is expected to surge at a CAGR of 4.4% by 2034.
- Based on backing material type, the plastic segment is projected to rise at 4.6% CAGR by 2034.
- By end-use, the building and construction segment is set to surge at 4.7% CAGR by 2034.
“The rising urbanization across the globe is resulting in an expansion of the building and construction sectors. Ever-changing consumer preferences in architecture and painting are increasing the demand for more efficient and clean solutions. Consumers are preferring masking tapes in such scenarios because of its convenience and fix-ability,” says Ismail Sutaria (Lead Consultant, Packaging and Materials).
Masking Tapes Market Research Report Scope:
|
Attribute |
Details |
|
Estimated Value (2024) |
US$ 5,651.7 million |
|
Projected Value (2034) |
US$ 8,800.8 million |
|
Anticipated Growth Rate (2024 to 2034) |
CAGR of 4.5% from 2024 to 2034 |
|
Base Year for Estimation |
2023 |
|
Historical Data |
2019 to 2023 |
|
Forecast Period |
2024 to 2034 |
|
Quantitative Units |
Revenue in US$ million, Volume in million Sq Mtr., and CAGR from 2024 to 2034 |
|
Report Coverage |
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
|
Segments Covered |
Global Masking Tape Market Segmentation by Category • By Backing Material Type: o Foam o Glass Fiber o Foil § Aluminum Foil § Lead Foil o Paper § Crepe paper § Washi Paper § Kraft Paper § Flatback Paper o Plastic § Polymide (PI) § PVC/Vinyl § Polyethylene Terephthalate/Polyester § Fluoropolymer • By Product Type: o Single Sided o Double sided • By Adhesive Type: o Silicon-based Adhesive o Acrylic-based Adhesive o Rubber-based adhesive • By Application Type: o Painting o Planting o Abrasive Blasting o High Temperature Application o Thermal Spraying o General Use • By End-use: o Automotive o Building and Construction § Painting § Planting § Abrasive blasting § High Temperature Application § Thermal Spraying § General Use o Aerospace o General Industries § Electronics and Electrical § Medical § Metal Working § Shipping and Logistics § Printing o Others |
|
Key Regions Covered |
|
Competitive Landscape
Prominent companies in this market include Intertape Polymer Group LLC, Shurtape Technologies LLC, and tesa SE Group. Masking tape companies primarily focus on adhesive technologies, tear resistance, and eco-friendly formulations. Leading players are expected to focus on expanding their reach through mergers and acquisitions, allocating efforts toward new product releases simultaneously.
Profiled Leading Players in Masking Tapes Market Report:
- Intertape Polymer Group Inc.
- 3M Company.
- Shurtape Technologies LLC.
- tesa SE Group
- Nitto Denko Corp
- Ahlstrom Corporation
- PPI Adhesive Products (C.E.) s.r.o.
- Saint-Gobain Performance Plastics Corporation
- Berry Global Group Inc.
- Cintas Adhesivas Ubis SA
- Scapa Group plc.
- Advance Tapes International Ltd
- Bolex (Shenzhen) Adhesive Products Co. Ltd.
- Ultratape Industries Inc.
- Shanghai Yongguan Adhesive Productions Corp., Ltd.
- Pro Tapes & Specialties, Inc.
- Green Belting Industries Limited.
- DeWAL Industries, Inc.
Purchase this report now to get key companies with their Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis.
For instance,
- In June 2022, Clearlake Capital Group, LP acquired Intertape Polymer Group Inc.
- In January 2022, tesa SE laid the foundation for a new plant in Haiphong.
Get More Valuable Insights into the Masking Tape Market Report
Future Market Insights (FMI), in its new report, offers an unbiased analysis of the global market for masking tape, analyzing historical demand from 2019 to 2023 and forecast statistics for 2024 to 2034.
The study reveals market growth projections of masking tape based on the material (plastic, paper, foil, glass fiber, foam), product type (double-sided, single-sided), adhesive type (rubber-based adhesive, acrylic-based adhesive, silicon-based adhesive), application (general use, thermal spraying, high-temperature application, abrasive blasting, planting, painting), end-use (automotive, building and construction, aerospace, general industries, others), and region.
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About the Packaging Division at Future Market Insights (FMI)
The packaging division at Future Market Insights (FMI) provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials and packaging machinery to packaging designs & formats, Future Market Insights (FMI) has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and market analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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