Masking tape is a kind of adhesive tape that is used to mask off surfaces for a short period of time. For example, masking tapes may be used to cover surfaces that are to be painted or soldered. The masking tape's composition is determined by the intended use. Masking tapes are used in the same way as other sticky tapes, with the same results. Masking tape is used to protect areas that need to remain untouched while other work is being done nearby.
Painting, plating, abrasive blasting, high-temperature applications, thermal spraying, and general use are among the many uses for masking tapes. High-intensity procedures, such as heat spraying, shot peening, and electroplating, need the usage of these tapes, which come in a variety of designs.
Demand for masking tapes is likely to rise as the automobile sector expands. Masking tapes are in high demand due to an increase in car sales all over the world. Nearly 41 million vehicles were sold worldwide in 2020, according to the International Energy Agency (IEA). In the next five years, global automobile sales are expected to expand at an annual pace of 3.6 percent. The building and construction sector, which in turn boosts the masking tapes market, is benefiting from an expanding population, rising disposable income, and more readily available finance and funding. Masking tapes are likely to see an increase in demand due to the increased need for passenger cars in the expanding logistics and passenger transport industry.
COVID-19 had a significant influence on the automobile sector in 2020, yet electric vehicles remained a shining point. Electric vehicle sales were encouraging in 2021, despite a number of hurdles. Advanced masking tape solutions have been in high demand due to a shift in attention to lightweight and electric automobiles. Masking tapes are also becoming more used in the aerospace sector because of their flame resistance, adhesion, and dialectic strength.
Although the masking tape market is predicted to increase, insufficient knowledge of masking tapes in certain developing and undeveloped nations is likely to hinder it. Masking tape's market expansion is being stifled by the absence of common guidelines for its use.
Highlights of this research:
Using 2020 as a starting point, this study examines the worldwide masking tapes market from a macroeconomic perspective (US$ Million and Mn. Sq. Meter), as well as a CAGR percent (compound annual growth rate).
It illustrates the attractive investment offer matrix for this market and analyses the possible revenue opportunity across several categories.
New product introductions or approvals, regional outlooks, and competitive tactics used by important companies are all discussed in detail in this research.
Masking tape manufacturers are profiled in terms of their business overview, financial performance, product portfolio, and distribution strategy as well as important advancements and strategies and their future plans in the worldwide market.
Marketers and company executives may use the information in this study to make well-informed decisions about future product releases, technological advancements, market growth, and marketing strategies.
Masking tape market research serves numerous players, including investors and suppliers as well as distributors and new entrants in the industry.
Through the usage of strategy matrices, stakeholders will find it easier to make decisions in the global masking tapes market.
Drivers
The masking tape market is predicted to grow as a result of increased building activity. The masking tapes market is likely to benefit from the growing construction sector in China, India, Indonesia, Japan, the United States, and Canada. The Global Alliance for Buildings and Building projects that from 2020 to 2030, the global construction sector will increase at a 3.6% annual rate due to rising consumer savings, government stimulus initiatives, and an expanding population.
The development of industrial infrastructure, cheap access to raw materials, and rapid urbanization in developing economies are primarily responsible for the growth of the Asia Pacific masking tapes market. For masking tapes, the region's two biggest markets are China and India. North America and Europe are the next two largest markets for masking tapes, after the Asia Pacific.
Trends in the Market
The worldwide masking tapes market is predicted to grow as a result of the increasing use of environmentally friendly masking tapes. There is a growing trend among masking tape makers to provide environmentally friendly versions of their products. They're known as eco-tapes, and their appeal is based on the fact that they're environmentally friendly. Paper-based self-adhesive and gummed tapes are good alternatives to vinyl and polypropylene tapes because of their low cost.
Single- and double-sided masking tapes make up the bulk of the worldwide masking tapes market. At 60 percent of the market in 2020, the single-side masking ZA tapes category is likely to maintain its dominance during the forecast period. Due to their exceptional adhesive and heat resistance, single-side masking tapes are increasingly used in a wide range of applications. They serve a variety of functions, the most common of which is surface protection while the building is occurring.