Painting Masking Tapes Market is set to reach US$3.3 bn by 2022 – Transparency Market Research

ALBANY, New York, Oct. 12, 2017 (GLOBE NEWSWIRE) — The global painting masking tapes market is predicted to embrace growth acquired from a wealth of applications such as transport, smart cards, renewable energies, paper and print, health, electronics, copiers and printers, construction, automotive, and appliances. Despite their usability in mounting and splicing, double-sided masking tapes may not match the share secured by single-sided masking tapes. Packaging films could garner a strong demand while riding on their applications in the food industry. Such films could prove to be an economical means of protecting and distributing food products that require prolonged shelf life.

The global painting masking tapes market, as analyzed by Transparency Market Research (TMR), is envisioned to be valued at a US$3.3 bn by 2022 at a 5.7% CAGR. In 2017, the market earned a US$2.5 bn valuation.

Global Painting Masking Tapes Market: Major Insights

The global painting masking tapes market is forecasted to draw handsome growth prospects on the back of growing applications even outside of the painting industry. Painting masking tapes could be a valuable tool not just for masking surfaces before painting but also bundling, hanging temporary signs, labeling, and building containments in restoration and abatement projects. For suitable usages in abatement projects, painting masking tapes are required to be proven true for easy unwind, multi-surface performance, and quick stick. Clean removability is a benefit offered not only for abatement but also restoration jobs.

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The international painting masking tapes market is projected to be cataloged according to backing material, end use, and adhesive type. On the basis of backing material, the market could testify the supremacy demonstrated by the paper segment, which could bag a revenue share of 82.2% by the completion of 2022. Other segments such as foam, plastic, and others could also create opportunities in the market. In terms of end use, the market could be segmented into automotive, building and construction, aerospace, and general industrial and do-it-yourself (DIY) activities. By adhesive type, silicon-based, acrylic-based, and rubber-based adhesives are anticipated to be among the prime segments.

In respect of regional segmentation, the international painting masking tapes market is foreseen to witness the promotion of North America as one of the most attractive regions. By 2022 end, this region could collect earnings worth a US$0.8 bn. Japan and the Middle East and Africa (MEA) could exhibit a slower growth in the market. However, Asia Pacific except Japan (APEJ) as a faster growing region and Europe are envisaged to offer lucrative prospects in the coming years. Latin America could be another segment of the market by geography.

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Global Painting Masking Tapes Market: Vendor Landscape

Each player considered important by the report authors for the worldwide painting masking tapes market is broadly profiled to help readers gain a sound understanding of their future plans and competition scenario. Companies such as 3M Company, Berry Global, Inc., Nitto Denko Corp, Saint-Gobain Performance Plastics Corporation, Scapa Group PLC, Intertape Polymer Group, Inc., Beiersdorf Aktiengesellschaft, Shurtape Technologies LLC, Bolex (Shenzhen) Adhesive Products Co. Ltd., and Advance Tapes International Ltd. could make their presence known in the market.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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