Exclusive market data: global masking tapes market report
- Global sales of masking tapes are projected to grow at a CAGR of 5.3% during the period 2017-2027.
- Rubber-based is anticipated to remain the lucrative adhesive type over the coming years in terms of opportunity.
- The building and construction industry, followed by the automotive industry, will account for the leading revenue share in the global masking tapes market.
- Targeted product innovations will boost demand from the aerospace industry.
- Asia Pacific (excluding Japan) will witness exponential growth owing to rapid industrialisation and are projected to lead the global market during the assessment period.
Future Market Insights (FMI) has studied the global masking tapes market for a period of 10 years from 2017 to 2027 and has published useful insights and findings specifically for the benefit of Afera News readers. With a systematic approach to inspecting this market, sector-wise demand, key demand influencers and historic growth trends have been studied to arrive at the overall market size, key players, top products and growth projection for different segments of the global masking tapes market during the assessment period.
Global market analysis & forecast (2017 – 2027)
Masking tapes are finding increasing adoption across various end-use industries for different applications. Extensive use has been reported in painting applications in the automotive and building & construction sectors. The inherent property of masking tapes to act as an effective barrier against moisture is driving growth in demand and subsequently boosting revenue share. High-performance features of masking tapes have opened up newer vistas across the automotive, warehousing, construction, marine, military and retail industries. APEJ represents lucrative opportunities for manufacturers of masking tapes owing to the meteoric concentration of small-to-large end use industries in the region. Demand for masking tapes in the APEJ market is driven by robust growth in the building and construction sector, especially in countries such as China and India.
Rubber-based adhesives to cement market dominance through 2027
As rubber-based adhesives contain natural or synthetic elastomers, they have a longer tacking period as compared to other adhesives used in masking tapes. Masking tapes with rubber-based adhesives are expected to outperform tapes with silicone- and acrylic-based adhesives. These types of masking tapes are economical and have higher initial tack, making these a preferred option. Silicone-based adhesives are predominantly used in industrial applications due to their high cost and specific applicability. Acrylic-based adhesives – typically used for bonding, sealing, and surface protection – provide moderate adhesion and UV resistance, and reduce tape aging. FMI analysis indicates that acrylic-based adhesives are expected to gain moderate traction in the coming years.
Used car market to propel growth in revenue of masking tapes
The market for used cars generates significant revenues for the automotive markets across North America, the U.K. and Asia Pacific. The used car market facilitates the entry of multi-shop operators (MSO) and other small players in the high-revenue-generating global market for automobiles. Used cars require painting as well as repairs and maintenance before being put up for sale. This opens up lucrative business opportunities for different stakeholders in the automotive value chain including masking tapes manufacturers.
Building and construction most lucrative end-use industry; aerospace to witness sizeable adoption of masking tapes in the near future
Due to the construction boom in many parts of the world, the building and construction sector is projected to hold the leading revenue share in the global masking tapes market – FMI anticipates a value share of just under 40% by the end of 2027. The resurgence of the real estate sector comprising activities such as abrasive blasting, painting, and other high-temperature applications, has led to an extensive use of masking tapes in the building & construction sector.
Innovations and technological advancements have broadened the scope of application of masking tapes across diverse industries. Manufacturers are investing in innovation and structured research and product development to cater to the diverse demands from sectors like aerospace. Masking tapes find wide application in the refurbishment of aircraft engines owing to their moisture resistance property.
APEJ a thriving market for masking tapes manufacturers; facility expansion key strategy for growth
Despite slow economic growth, the APEJ region has maintained sustainable growth in the automotive and building & construction sectors over the years. China and India play a dominant role in the growth of the global building & construction industry, followed by selected South East Asian countries. A boom in the APEJ real estate sector has created a surge in demand for masking tapes across the region, providing immense growth opportunities for manufacturers. Leading regional masking tapes market players are venturing into collaborations to expand their production capacity and introduce new and economical offerings to meet the amplified demand from various industries.
About Essien Jae
Essien Jae, with nearly a decade of experience in market research and consulting, has authored over 300 industry research papers. Providing key insights on market growth, total addressable market, serviceable addressable market, market size, forecast, player strategies, market share estimates and winning imperatives is Essien’s forte. He is also the pioneer of the ‘three-slope distributor/off-taker evaluation model’ used by several multinational companies to track the performance of channel partners. Currently, he heads the Packaging Market Research domain at Future Market Insights.
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