The global masking tapes market was valued at US$ 4,300 million in 2020, according to the Global Masking Tapes Market Report, by Product Type (Single Side and Double Side), by Material Type (Foam, Foil, Paper- based, Plastics, and Others (Glass Fiber, etc.)), Adhesive Type (Acrylic-based Adhesives, Rubber-based Adhesives, and Others (Silicone-based Adhesives,), 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.)), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.
The global masking tapes market is expected to surpass US$ 8007.00 million by 2028 and exhibit a CAGR of 5.20% during the forecast period (2021-2028).
Masking tapes are specifically developed to help protect surrounding surfaces from overspray, provide clean paint lines, and remove easily and cleanly when finished. These tapes are majorly used across various end-use industries such as automotive, building & construction, aerospace, and general industry, owing to their ability to provide perfectly sharp edges. These tapes are easy to use and are removable without leaving any residue even on the most delicate surface. Rapid growth in the construction sector will support the growth of the masking tapes market. Besides this, expanding automotive and general industries will fuel the demand for masking tapes required in printing applications.
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Key Trends and Analysis of the Masking tapes Market:
Global Masking Tapes Market - Impact of Coronavirus (COVID 19) Pandemic
The global masking tapes market has been negatively impacted due to the ongoing COVID-19 pandemic. This can be attributed to the imposition of lockdown, travel restrictions, and shutdown of manufacturing facilities. The unavailability of raw materials required for manufacturing of various industrial products had further hampered the demand for masking tapes. However, the restarting of international trade and ease of trade restrictions are expected to generate the demand for masking tapes in the near future. The reopening of manufacturing facilities is also expected to boost the global masking tapes market over the post-pandemic period.