Masking Tapes Market by Type: Acrylic-based, Silicone-based, Rubber-based) By Backing Material: Foam, Foil ,Plastics) by Application: Painting, General Purpose, High Temperature Applications- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2021-2027
|Market Size||Value (USD Million) by 2027|
|Growth Rate||CAGR of 5.2% From 2021 to 2027|
|Forecast Period||2021 to 2027|
|Historic Data||2017 to 2020|
|Report coverage||Growth Factors, Revenue Status, Competitive Landscape, and Future Trends|
|Segments Covered||Type, Backing Material, Application, End-user and Region
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)|
|Companies Mentioned||3M, CCT Tapes, K.L. & Ling, Scapa Group plc, Avery Dennison Corporation, CMS Group of Companies, Nitto Denko Corporation, and TOYOCHEM Co. Ltd.|
The global Masking Tapes market are projected to grow at a CAGR of 5.2% during the period 2017-2027. The double-digit growth of the building and construction sector post the economic slowdown of 2008 has been benefitting the masking tapes market to a high degree. The growth of several industry sectors leading to the demand for infrastructural development and construction of additional business facilities has indirectly benefitted the masking tapes market. Masking tapes are pressure-sensitive tapes that are primarily employed during painting in construction activities. Masking tapes are available in a range of strengths and widths, which is dependent on the strength of the adhesive.
The report’s authors segregate the global masking tapes market based on adhesive type, backing material, application, end-user, and geography.
The report prepared by seasoned analysts discusses vital aspects along with market size and revenue projections that are likely to be observed in this market. Economic indices and social and political disturbances that impact growth of end-use industries have been duly considered in the making of this report.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Masking Tapes market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Masking Tapes market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Masking Tapes market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Global Masking Tapes Market: Trends and Opportunities
At the forefront of driving the global masking tapes market is expansion of the building and construction sector. Due to the construction boom in several parts of the world, the building and construction sector displays a substantial demand for masking tapes for painting. While drafting tapes and ordinary household tapes are similar on several grounds, the former displays virtue of lower track. This helps to place construction blueprint to a drawing board, which later when removed does not damage the drawing.
In building and construction undertakings, the strength of tapes is gauged based on the duration they are placed for. Painting activities typically involve masking tapes to be placed for 7 to 14 days. On the other hand, tapes that are typically used for large number of days have less adhesive and are suitable for smooth surfaces such as wallpapers and newly-painted walls.
The growth of the automotive industry is also leading to an upsurge in the demand for masking tapes. Masking tapes are employed during painting, dent repairs, and several other activities in automobile manufacture and repair.
On the other hand, slow economic recovery after the 2008 slump, especially in parts of Latin America has negatively influenced the masking tapes market. The epicenter of the recession in Argentina and Brazil has hit automotive manufacturing in the region, which is a key end-user of masking tapes.
Out of the key regional markets, Asia Pacific is likely to display a significant growth rate and emerge dominant over the forecast period. The growth of this market is attributed to expansion of manufacturing infrastructure, easy availability of raw materials, and rampant urbanization in emerging economies. China and India are anticipated to be key domestic markets for masking tapes in the region.
Latin America is anticipated to emerge as a key market for masking tapes in the near future.
North America masking tapes market is likely to be propelled by demand from diverse manufacturing and heavy industries and ever-expanding automotive, aerospace, and construction industries.
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
- Company Overview
- Company Market Share/Positioning Analysis
- Product Offerings
- Financial Performance
- Recent Initiatives
- Key Strategies Adopted by Players
- Vendor Landscape
- List of Suppliers
- List of Buyers
Some of the prominent players in the Masking Tapes Market include: 3M, CCT Tapes, K.L. & Ling, Scapa Group plc, Avery Dennison Corporation, CMS Group of Companies, Nitto Denko Corporation, and TOYOCHEM Co. Ltd.
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:
Global Masking Tapes Market, by Type
Global Masking Tapes Market, by Backing Material
- Glass Fiber
Global Masking Tapes Market, by Application
- General Purpose
- High Temperature Applications
- Metal Working
Global Masking Tapes Market, by End-user
- Building & Construction
- Electricals & Electronics
- Consumer Goods
- Furniture & Decorations
- United Kingdom
- Rest of Europe
- Southeast Asia
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa (MEA)
- North Africa
- South Africa
- Rest of Middle East & Africa
Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Masking Tapes market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Masking Tapes market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Masking Tapes markets more accurate and reliable.
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
- Governmental bodies, and organizations creating economic policies
- National and international social welfare institutions
- Company websites, financial reports and SEC filings, broker and investor reports
- Related patent and regulatory databases
- Statistical databases and market reports
- Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
- Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
- In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.
Industry participants involved in this research study include:
- CEOs, VPs, market intelligence managers
- Procuring and national sales managers technical personnel, distributors and resellers
- Research analysts and key opinion leaders from various domains
Key Points Covered in Masking Tapes Market Study:
- Growth of Masking Tapes in 2021
- Market Estimates and Forecasts (2017-2027)
- Brand Share and Market Share Analysis
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Recommendation on Key Winning Strategies
- COVID-19 Impact on Demand for Masking Tapes and How to Navigate
- Key Product Innovations and Regulatory Climate
- Masking Tapes Consumption Analysis
- Masking Tapes Production Analysis
- Masking Tapes and Management