Masking Tapes Market Size, Share, Growth Dynamics, Revenue Outlook and Opportunities Forecast 2021 - 2028
Masking tapes are pressure-sensitive tapes used in a variety of applications. Masking tapes are available in a variety of widths and colours to suit a wide range of uses and applications. Masking tapes are used in a variety of industries, including packaging, building and construction, automotive, woodworking, and furniture.
The construction industry's expansion is expected to boost the Masking Tapes Market. The rapidly expanding construction industry in China, India, Indonesia, Japan, the United States, and Canada is expected to create lucrative opportunities for masking tapes market participants. According to the Global Alliance for Buildings and Construction, the global construction industry will grow at a 3.6 percent annual rate from 2020 to 2030, owing to rising pent-up household savings, pandemic stimulus programmes, and population growth.
Masking tapes are increasingly being used in a variety of industries, fueling demand for the masking tapes market. Masking tapes are in high demand due to the thriving building and construction industry. In addition, the expanding automotive industry creates more opportunities for the masking tapes market to expand. The presence of alternative products, on the other hand, may stifle market growth.
Market Segmentation:
By Product Type
- Single Side
- Double Side
By Material Type
- Foam
- Foil
- Paper based
- Plastics
- Others
By Adhesive Type
- Acrylic-based Adhesives
- Rubber-based Adhesives
- Others
- Painting
- Plating
- Abrasive Blasting
- High-Temperature Applications
- Thermal Spraying
- General Use
- Others
- Automotive
- Building & Construction
- Aerospace
- General Industry
- Residential
- Others
Source Link: https://www.globenewswire.com/news-release/2022/02/24/2391493/0/en/Global-Masking-Tapes-Market-to-Reach-US-8-007-0-Million-by-2028-Says-Coherent-Market-Insights-CMI.html#:~:text=The%20global%20masking%20tapes%20market%20is%20expected%20to%20exhibit%20a,surfaces%20and%20for%20heat%20resistance.
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