The global paper masking tapes market is anticipated to be worth US$ 1.9 billion by 2021, growing at a 5.4% CAGR between 2021 and 2031. Paper masking tape sales are expected to account for 3.2% of the global adhesive tapes industry, which is expected to be worth US$ 60 billion in 2021.
According to FMI, crepe masking tapes will account for approximately one-fifth of global market sales in 2021. Heavy crepe backing material with rubber adhesives that can endure high temperatures, resulting in significant sales across a wide range of sectors.
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.
Key Companies Profiled
- 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.
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How Do the Past and Future Prospects of the Paper Masking Tapes Market Compare?
Paper masking tapes are separate adhesive tapes used in a variety of industries including automotive, building and construction, aerospace, and general. Because of the specialty-formulated adhesive that has an instant connection to varied surfaces, the efficacy of these tapes is improving.
Between 2016 and 2020, sales of paper masking tapes increased at a CAGR of 3.3%. The time saw the arrival of new market players as well as product innovations.
When seen through a macroeconomic lens, the market has few impediments. Moving forward, however, liquid adhesive solutions may eventually replace masking tapes across industries. To counteract this, masking tape manufacturers are likely to change to more sustainable materials, paving the way for increased sales of paper masking tapes.
How Will Surging Used Car Sales Affect Paper Masking Tapes Market?
The used car segment in the automotive industry has been consistently gaining traction in North America, the U.K. and Asia Pacific. The market for new vehicles is dominated by established players and has shown sluggish growth in major developed markets. Contrary to this, the sales of used vehicles is gradually rising worldwide.
The used car market allows multi-shop operators (MSO) and other small players to enter the high revenue-generating market of automobiles. It also requires vehicles to be painted, repaired and sold in appealing conditions. Hence, the used car market offers sales opportunities for manufacturers of paint coatings, paper masking tapes and other supplies.
Consistent growth exhibited by the used car market and frequent need for masking tapes will offer lucrative prospects for paper masking tapes manufacturers to capitalize on.
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Paper Masking Tapes Market By Category
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
- Middle east and Africa
- East Asia
- South Asia
- Oceania
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