Future Market Insights (FMI) has predicted the global market value to total US$ 3.2 Bn by the end of 2031. Increasing demand for high temperature resistance paper masking tapes from customers is encouraging manufacturers to design advanced masking tapes.
Paper masking tapes developed to sustain high temperatures over longer duration prove effective across high performance applications. This will remain a chief driver of the paper masking tapes market, enabling growth at 5.4% CAGR based on value between 2021 and 2031
Surging adoption of advanced foam paper masking tapes in various industries is driving the global market. Paper masking tapes have the ability to withstand high temperature and are specially designed for application in the automotive industry.
Paper masking tape manufacturers have been consistently innovating in terms of product development to solve industry specific issues related to high temperature applications such as bleed through due to low initial tack, ineffectiveness and inconvenience in painting contours and irregular surfaces. Their efforts are expected to bode well for the market.
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Key Takeaways from Paper Masking Tapes
- The crepe masking tape segment is estimated to represent a dominant market share. It is estimated to create an incremental opportunity of US$ 846.3 Mn during the forecast period.
- Demand in automotive aftermarket is expected to accelerate with a CAGR of 6.1%.
- Rubber-based adhesive segment is expected to account for more than 36% of sales in the market through the forecast period.
- The South Asia paper masking tapes market is projected to register a CAGR of 7.6% during the forecast period.
“Adoption of sustainable and high tensile paper masking tapes that can withstand extreme temperatures and can provide barrier against moisture is expected to increase over the next decade,” said a lead FMI analyst.
Automotive Sector is the Key Driver of Paper Masking Tapes Market
To meet the demand for customers for such a wide range of indoor painting jobs, and tape, manufacturers have developed a multifaceted assortment. The convenient use and affordable pricing of masking tapes with availability of single-sided and double-sided masking tapes is driving the market.
Leading automotive manufacturers and suppliers rely on various adhesive solutions for numerous applications. These include wire harnessing, surface protection, and attachment part mounting. This is creating a demand for masking tapes from the automobile industry.
Paper Masking Tapes Market Landscape
3M Company, Shurtape Technologies LLC, Tesa SE, Saint-Gobain Tape Solutions Europe, Nitto Belgium NV, Advance Tapes International Ltd., PPM Industries S.p.A, Vibac Group S.p.a, Intertape Polymer Group Inc., Berry Global, Inc., Beorol d.o.o, Folsen Tapes, FABO s.p.a., Scapa Industrial, Cintas Adhesivas Ubis, S.A., MBK Tape Solutions, NADCO® Tapes & Labels, Inc., Pro Tapes & Specialties, Inc., Sicad Group and PPI Adhesive Products Limited.
Paper Masking Tapes Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global market for paper masking tapes market by tape type (crepe masking tapes, washi masking tapes, flatback paper masking tapes and kraft paper masking tapes), by distribution professional (aftermarket sales and diy distribution), by adhesive type (rubber-based adhesive, acrylic-based adhesives and hot melt adhesives), by application (painting, plating, abrasive blasting, high temperature application, thermal spraying and general use), by end use (automotive, building and construction, aerospace, general industries and others).
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What is the Impact of COVID-19 on Paper Masking Tapes Market?
COVID-19 had adverse impact on the global paper masking tapes market. With lockdown and stringent regulations imposed worldwide manufacturing activities were shut down in the first half of the year 2020.
However, the market is expected to recover in 2021-2022, exhibiting a year-on-year growth of 4.6% in 2021. Besides this, application in the electric automotive will continue fuelling the demand for the paper masking tapes market. A notable change in the market is shift of distribution from traditional to e-commerce medium during COVID-19.
Competitive Landscape
Market players have been reshaping the product to attract consumers. Moreover, manufacturers such as 3M are improving the strength of the product by modifying the overall features, using sustainable adhesive solutions. Manufacturers are diversifying towards various applications in aerospace and automobile to reduce the risk of failure. Besides this, they are focusing on expanding facilities to gain competitive edge.
- In October 2021, Tesa Tapes expanded with a complete state-of-art facility in Tennessee, United States to support industrial production.
About Packaging Division at Future Market Insights
The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ 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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