Wednesday, 12 April 2023 09:30 AM
Company Update
NEWARK, DE / ACCESSWIRE / April 12, 2023 / The paper masking tapes market is likely to thrive at a CAGR of 5.7% between 2023 and 2033. The market is anticipated to cross a valuation of US$ 3.6 billion by 2033 while it is expected to be valued at US$ 2.1 billion in 2023.
The rising electrification and advanced construction operations all over the world are gaining traction for the paper masking tapes market. Furthermore, advanced adhesives and body materials are flourishing in the sales of these masking tapes.
New experiments such as PPE coatings in the automotive industry are fueling the demand for paper masking tapes. However, the automotive industry is not the only consuming industry sector like woodworking, metalworking, military, and electronics are the prominent verticals that consume paper masking tapes market.
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New vendor companies that use recycled material and nature-friendly adhesives are gaining traction in the market. Furthermore, tapes with higher temperature tolerance are preferred in different applications such as electronic gadgets and electrical wiring.
Big government projects related to electrification and construction are creating a demand for paper masking tapes.
Key Points
- The United States market leads the space in terms of market share. The market is anticipated to cross a value of US$ 622.1 million by 2033. The regional market is expected to thrive at a CAGR of 3.7% between 2023 and 2033.
- The Japanese paper masking tapes market leads in terms of CAGR. It is expected to thrive at a CAGR of 7.4% during the forecast period. The market is likely to reach a value of US$ 286.9 million by 2033. The rapidly building infrastructure along with the bigger projects related to electronic products are gaining traction in the regional market.
- Crepemasking tape is likely to thrive in the tape type category due to easy implementation, and high-temperature tolerance. It is expected to thrive at a CAGR of 5.5% during the forecast period.
- The rubber-based adhesive segment is anticipated to top the adhesive-type tally with a CAGR of 4.9% between 2023 and 2033. The growth is attributed to cheaper prices and higher initial tack.
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Competitive Landscape
The key players focus on delivering cheaper prices, strength, and effective initial results. Competitors also focus on delivering temperature-friendly tapes that stay for a long period. Brands also merge, acquire, and partner with other companies to increase the supply chain and distribution channel. The key players in the market include 3 M Company, Shurtape Technologies LLC, Tesa SE, Saint-Gobain Tape Solutions, and Nitto Belgium NV.
For Instance:
- Saint-Gobain Tape Solutions have introduced custom-made paper masking tapes that can be designed according to industrial requirements. Furthermore, the company also delivers foams and electric tapes.
- 3M company has introduced crepe paper that holds a maximum operating temperature of 93 degrees centigrade for indoor use. The tape caters to different industries such as metalworking, electronics, and speciality vehicle.
Key Segments
By Tape Type:
- Crepe Masking Tape
- Washi Masking Tape
- Flatback Paper Masking Tape
- Kraft Paper Making Tape
By Distribution Channel:
- Distribution Professional
- Aftermarket Sales
- DIY Distribution
By Adhesive Type:
- Rubber-based Adhesive
- Acrylic-based Adhesive
- Silicon-based Adhesive
- Hot Melt Adhesives
By Application:
- Painting
- Plating
- Abrasive Blasting
- High-temperature Application
- Thermal Spraying
- General Use
By End Use:
- Automotive
- Building and Construction
- Aerospace
- General Industries
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific (APAC)
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Table of Content
1. Executive Summary | Paper Masking Tapes Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
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