High-temperature Friendly Acrylic and Rubber-based Adhesives are likely to Enrich the Market Competition: FMI Analyses Trends for 30+ Countries.
During the anticipated period, the market for paper masking tapes is anticipated to grow at a CAGR of 5.7%. The market is projected to reach a value of US$ 3.6 billion by 2033 after reaching a value of US$ 2.1 billion in 2023.
Paper masking tapes are helpful in fixing and attaching small and lighter elements, from packaging to painting operations, according to the research report on the paper masking tapes market. The proper taping methods and cutting-edge adhesives are to blame for the rising demand for paper masking tapes.
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Paper masking tapes were designated for automotive applications such as resist lifting and curling by ensuring smooth and hassle-free masking. As per market research, the demand in the automotive sector is expected to grow at 6.1% during the forecast period. Owing to the technological advancements in machine learning and the introduction of robotics, it has made the industrial sectors reach multifold growth. Resulting in creating impressive growth prospects for sales of paper masking tapes over the evaluation period. This in turn is anticipated to majorly fuel the market for paper masking tapes.
Key Takeaways
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Competitive Landscape
The key market players have been working on reshaping the product in order to attract potential customers. Furthermore, several manufacturers such as 3M are improving the strength of the product by modifying the overall features and using sustainable adhesive solutions. Prominent manufacturers are diversifying towards various applications in aerospace and automobile in order to reduce the risk of failure. Apart from this, industry players are also focusing on expanding facilities to gain a competitive edge.
More Insights into the Paper Masking Tapes Market
The U.S. is known as one of the largest markets for automotive production and sales. According to the estimations by the U.S. Department of Commerce, light-vehicle sales are anticipated to reach a volume of 17.2 million units in the year 2018. Increasing sales of automotive in the United States are shaping opportunities for the sales of paper masking tapes.
Paper Masking Tapes Market By Category
By Tape Type:
By Distribution Channel:
By Adhesive Type:
By Application:
By End Use:
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
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About FMI Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Mar 15, 2023