all report title image
  • Published On : Feb 2022
  • Code : CMI4928
  • Industry : Advanced Materials
  • Pages : 140
  • Formats :

Masking tape is lightly adhesive, easy to tear, paper tape that can be smoothly applied and removed without leaving any mark. Masking tape is a smooth and mini-crepe paper tape, also known as painter's tape. Masking tapes adhere well, resist solvents or water from the paint, and are strong enough to hang plastic sheeting, yet remove cleanly without damaging the subsurface.

The global masking tapes market is expected to surpass US$ 8,007.00 million by the end of 2028 and exhibit a CAGR of 5.20% during the forecast period (2021 to 2028).

Drivers

Growth in the construction industry is expected to boost the masking tapes market. Rapidly expanding construction industry in China, India, Indonesia, Japan, the U.S., and Canada is expected to create lucrative opportunities for the masking tapes market players. According to the Global Alliance for Buildings and Construction, the global construction industry is expected to witness an annual growth of 3.6% during 2020 to 2030, owing to growing pent-up household savings, pandemic stimulus programs, and population growth.

Among regions, the Asia Pacific region accounted for the largest revenue share of 38% in the global masking tapes market in 2020 and is expected to maintain its dominance during the forecast period. The regional market was valued at US$ 1,333 Mn in 2020 and is expected to exhibit a CAGR of 5.60% during the forecast period. The Asia Pacific masking tapes market growth is mainly attributed to the expansion of manufacturing infrastructure, easy availability of raw materials, and rampant urbanization in emerging economies. China and India are major markets for masking tapes in the region. The Asia Pacific masking tapes market is followed by North America and Europe.

Figure 1. Global Masking Tapes Market Revenue Share (%), By Region, 2020

Masking Tapes  | Coherent Market Insights

Global Masking Tapes Market Restraints

Stringent regulations imposed by various governing bodies are major factors hampering the global masking tapes market growth. For instance, Chemicals legislation in Europe and worldwide is complex and expanding, led by Registration, Evaluation, Authorization and Restriction of Chemicals (REACH). European Union bans and restrictions on various adhesives such as acrylic-based and rubber-based adhesives pose tough challenges to masking tape related businesses.

Market Trends

Growing usage of sustainable masking tapes is expected to boost the global masking tapes market. An increasing number of masking tape manufacturers are launching sustainable masking tape solutions. These tapes are known as eco-tapes and the popularity of this variant rides on their eco-responsibility. Self-adhesive and gummed-tapes made from paper are therefore considered excellent alternatives to vinyl and polypropylene tapes.

CMI table icon

Masking Tapes Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2020: US$ 4,300 Mn
Historical Data for: 2017 – 2019 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 5.20% 2028 Value Projection: US$ 8,007.00 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: U.K., Germany, France, Italy, Spain, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, ASEAN, South Korea, Australia, and Rest of Asia Pacific
  • Middle East & Africa: Middle East and Africa
Segments covered:
  • By Product Type: Single Side and Double Side
  • By Material Type: Foam, Foil, Paper based, Plastics, and Others (Glass Fiber, etc.)
  • By Adhesive Type: Acrylic-based Adhesives, Rubber-based Adhesives, and Others (Silicone-based Adhesives, etc.)
  • By Application: Painting, Plating, Abrasive Blasting, High-Temperature Applications, Thermal Spraying, General Use, and Others
  • By End-use: Automotive, Building & Construction, Aerospace, General Industry, Residential, and Others (Electronics, etc.)
Companies covered:

PPI Adhesive Products, PPM Industries SpA., Scapa, Shurtape Technologies, tesa SE, Ubis, 3M, CCT Tapes, K.L. & Ling, Avery Dennison Corporation, CMS Group of Companies, Nitto Denko Corporation, and TOYOCHEM Co. Ltd.

Growth Drivers:
  • Expansion of the building and construction sector
  • Growth of the automotive industry is upsurging the demand for masking tapes
Restraints & Challenges:
  • Stringent regulations by REACH & EU and less awareness about masking tapes

Figure 2. Global Masking Tapes Market – Opportunity Analysis

Masking Tapes  | Coherent Market Insights

By product type, the global masking tapes market can be segmented into single side and double side masking tapes. The single side masking tapes segment held 60% market share in 2020 and is expected to keep its dominance during the forecast period. The adoption of single side masking tapes is increasing across various applications owing to due to their excellent adhesion and heat resistance. They are used for various purposes, primarily to protect surfaces while construction activities are underway.

Figure 3. Global Masking Tapes Market Revenue Share (%), By Product Type, 2020

Masking Tapes  | Coherent Market Insights

Global Masking Tapes Market - Impact of Coronavirus (COVID-19) Pandemic

The global masking tapes market has been impacted due to the ongoing COVID-19 pandemic. Several governments across the globe have imposed nationwide lockdowns to limit the spread of the virus, which resulted in the shutdown of businesses and a halt in several economic activities. According to the International Monetary Fund’s 2020 report, the global economy contracted sharply by 3.0% in 2020, which is worse than the 2008-09 financial crisis. Moreover, the supply chain disruption has indirectly led to low demand for masking tapes.

Competitive Section

Key players operating in the global masking tapes market include PPI Adhesive Products, PPM Industries SpA., Scapa, Shurtape Technologies, tesa SE, Ubis, 3M, CCT Tapes, K.L. & Ling, Avery Dennison Corporation, CMS Group of Companies, Nitto Denko Corporation, and TOYOCHEM Co. Ltd.

Masking tape is a variety of adhesive tape used for the temporary concealment of surfaces. Masking tapes protect surface areas from painting, soldering, blasting, spraying, coating, plating, and polishing. The composition of masking tape depends on the activity for which it is designed. Masking tapes operate similar like other adhesive tapes. Masking tape is applied to surfaces that the operator desires to keep in its existing condition while surface treatments occur in proximity.

Masking tapes find most common usage in a variety of applications such as painting, plating, abrasive blasting, high-temperature applications, thermal spraying, general use, and others. These tapes are commonly used for high-intensity processes such as thermal spraying, shot peening, and electroplating, and they find design variants for their unique jobs.

Market Dynamics

Rapidly expanding automotive industry is expected to boost the demand for masking tapes. Growing sales of vehicles across the globe is fueling the demand for masking tapes. According to the International Energy Agency (IEA), nearly 41 million cars were sold across the world in 2020. Overall global car sales will continue to grow with the annual growth rate of 3.6% in the next five years. The increasing population, growing disposable income, and ease of accessibility of credit and funding is boosting the building & construction industry, which in turn boosting the masking tapes market. Moreover, the growing demand for passenger vehicles from the booming logistics and passenger transport sector is expected to boost the demand for masking tapes.

In 2020, the automotive industry struggled to cope with the COVID-19 impact; however, electric cars remained a bright spot. Despite various challenges, electrical car sales was positive in 2020. Shifting focus on lightweight and electric vehicles has been fuelling the demand for advanced masking tape solutions. Due to their high flame resistance, adhesion, and dialectic strength, the application of masking tapes is also surging in the aerospace industry.

However, less awareness about masking tapes in various emerging and underdeveloped countries is expected to restrain the market growth. The lack of universal directives pertaining to the applications of masking tape is also restraining the market growth.

Key features of the study:

  • This report provides an in-depth analysis of the global masking tapes market, market size (US$ Million & Mn. Sq. Meter), and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global masking tapes market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include PPI Adhesive Products, PPM Industries SpA., Scapa, Shurtape Technologies, tesa SE, Ubis, 3M, CCT Tapes, K.L. & Ling, Avery Dennison Corporation, CMS Group of Companies, Nitto Denko Corporation, and TOYOCHEM Co. Ltd.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
  • The global masking tapes market report caters to various stakeholders in this industry including investors, suppliers, cotton pad manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global masking tapes market

Detailed Segmentation:

  • Global Masking tapes Market, By Product Type :
    • Single Side
    • Double Side
  • Global Masking tapes Market, By Material Type
    • Foam
    • Foil
    • Paper-based
    • Plastics
    • Others (Glass Fiber, etc.)
  • Global Masking tapes Market, By Adhesive Type
    • Acrylic-based Adhesives
    • Rubber-based Adhesives
    • Others (Silicone-based Adhesives, etc.)
  • Global Masking tapes Market, By Application
    • Painting
    • Plating
    • Abrasive Blasting
    • High-Temperature Applications
    • Thermal Spraying
    • General Use
    • Others
  • Global Masking tapes Market, By End-use
    • Automotive
    • Building & Construction
    • Aerospace
    • General Industry
    • Residential
    • Others (Electronics, etc.)
  • Global Masking tapes Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Country:
        • Brazil
        • Argentina
        • Mexico
        • Rest of Argentina
    • Europe
      • By Country:
        • U.K.
        • Germany
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • South Korea
        • ASEAN
        • Australia
        • Rest of Asia Pacific
    • Middle East & Africa
      • By Sub-region:
        • Middle East
        • Africa
  • Company Profiles
    • PPI Adhesive Products *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • PPM Industries SpA. 
    • Scapa 
    • Shurtape Technologies
    • tesa SE 
    • Ubis
    • 3M
    • CCT Tapes
    • L. & Ling
    • Avery Dennison Corporation
    • CMS Group of Companies
    • Nitto Denko Corporation
  • TOYOCHEM Co. Ltd

 “*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global masking tapes market is expected to surpass US$ 8007.00 million by 2028 and is expected to exhibit a CAGR of 5.20% between 2021 and 2028.
Growing usage of sustainable masking tapes. 
Less awareness about masking tapes and stringent regulations are expected to be restraining factors for the market.
Major players operating in the market include PPI Adhesive Products, PPM Industries SpA., Scapa, Shurtape Technologies, tesa SE, Ubis, 3M, CCT Tapes, K.L. & Ling, Avery Dennison Corporation, CMS Group of Companies, Nitto Denko Corporation, and TOYOCHEM Co. Ltd.
The market was valued at US$ 4,300 million in 2020.

Related Reports

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo