As stated by an extensive report; providing insights on Segments (i.e.,Product Type, Material Type, Adhesive Type, Application and Region), and Key Drivers, Key Restraints; the Global Masking Tape Market accounted for USD 3.91 Billion in the year 2021.
Masking Tapes are used to cover exposed areas during painting or building repairs. The demand for these tapes will increase due to the growing building and construction industry. Moreover, these tapes are used for ornamental functions inside its shapes which will further support the growth of the market.
Masking Tape producers are specializing in key revenue-producing industries together with electronics, packaging, and healthcare applications. Major disruptions within the automobile enterprise are affecting the boom of this market.
The protecting tape has been segmented primarily on coating technology, end-user industry, and geography. By coating technology, the market has been segmented as solvent-primarily based, hot-melt-primarily based, water-primarily based totally, and others. By end-consumer enterprise, the market has been divided into patron electronics, tour and transportation/logistics, healthcare, production, automobile, and others.
“Key Factors Likely to Drive Growth of Masking Tape Market”
The key driving factor of global Masking Tape is the expansion of the building and construction sector. These tapes are used due to their strength to be used in building and construction materials and painting activities. On the alternative hand, tapes which can be usually used for a huge range of days have much less adhesive and are appropriate for clean surfaces together with wallpapers and newly painted walls.
The boom of the automobile enterprise is likewise to upsurge the growth of protecting tapes. Masking Tapes are used throughout portray, dent repairs, and numerous different sports in car manufacture and repair.
Asia Pacificheld the largest share in the Masking Tape Market and is expected to continue this trend in the forecast period followed by Europe, the Middle East and Africa, and Asia. The advancement of devices especially in the building and construction sector is the major factor in increasing demand for the Masking Tape Market.
Some of the key players in the GlobalMasking Tape Marketinclude3M Company, Intertapes Polymer Group Inc., Shurtapes Technologies LLC, Tesa SE Group, Nitto Denko Corp, Ahlstrom Corporation, PPI Adhesive Products (C.E.) S.R.O., Saint-Gobain Performance Plastics Corporation, Canadian Technical Tapes Ltd., Berry Global Group Inc., Cintas Adhesivas Ubis, Scapa Group PLC, Advance Tapes International Ltd., Bolex (Shenzhen) Adhesive Products Co. Ltd., Vibac Group and others.