Paper Masking Tapes Market Report | Size, Growth, Demand, Scope, Opportunities and Forecast 2031

 The worldwide paper masking tapes market is supposed to arrive at market valuation of US$ 1.9 Bn continuously 2021, advancing quickly with a CAGR of 5.4% by 2021-2031.

Future Market Insights (FMI) has anticipated the worldwide market worth to add up to US$ 3.2 Bn toward the finish of 2031. Expanding interest for high temperature obstruction paper masking tapes from clients is empowering producers to configuration progressed masking tapes.

Paper masking tapes created to support high temperatures over longer span demonstrate viable across superior execution applications. This will stay a central driver of the paper masking tapes market, empowering development at 5.4% CAGR in light of significant worth somewhere in the range of 2021 and 2031

Flooding reception of cutting edge froth paper masking tapes in different ventures is driving the worldwide market. Paper masking tapes can endure high temperature and are exceptionally intended for application in the car business.

Paper masking tape makers have been reliably improving as far as item advancement to settle industry explicit issues connected with high temperature applications, for example, seep through because of low starting tack, incapability and bother in painting shapes and sporadic surfaces. Their endeavors are supposed to look good for the market.

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).

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.

For More Info - https://www.futuremarketinsights.com/reports/paper-masking-tapes-market

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