Global Masking Tapes Market Is Expanding Owing To Growing Demand Of Unique Properties And Rising Demand For Sustainable Solution

Masking Tapes Market

Overview:

Masking tapes can also be used to protect different surfaces against damage from dust, moisture, scratches or mechanical impact. Tapes are usually rated on a 1 to 100 scale based on the adhesive strength and are available in various widths, thicknesses, lengths and strengths. Narrower tapes are often used for masking tight spaces or small areas whereas wider tapes can be used to cover larger areas. The type of material used to make the tape will determine its holding power, removability and temperature-resistance.

Typical materials include crepe or kraft paper, polyester and polyimide. They are available in 1-mil to 10.6 mil thicknesses and offer varying degrees of holding power, removability and temperature-resistance. They can be coated with a single or multiple layers of adhesive and are flame retardant, halogen free, transparent, conformable and resistant to abrasion, puncture, tear, chemical and temperature. Another popular use of masking tape is for labelling different items. These can be stuck on to laboratory equipment, school supplies or any other item that is kept in a place where it might be difficult to keep track of.

Market Dynamics:

Increasing product launches are estimated to augment growth of the global Masking Tapes Market during the forecast period. For instance, a new range of self-adhesive paper tape was introduced by Monta in January 2020. This is a silicone-free alternative for adhesive tapes and it is user-friendly and more adaptable. Moreover, lack of awareness associated with double-sided masking tapes is anticipated to restrain growth of the global masking tapes for market during the forecast period.

Impact of COVID-19:

The pandemic affected the global economy and had a huge impact on the lives of millions of individuals. During the pandemic, the automotive, aerospace, electronics and many other sectors was facing huge challenges. As the manufacturing activities were temporarily halted in many of these sectors, the demand for double-sided masking tapes also decreased. This decrease in demand was followed by disruptions in supply chains and there was a shortage of raw materials sin few regions. All these factors hampered the growth of the global masking tapes for market during the pandemic. However, the market is estimated to witness significant growth, as almost all industries have regained operations.

Key Takeaways:

The global Masking Tapes Market is expected to witness robust growth, exhibiting CAGR of 5.60 % over the forecast period, due to growing acquisitions by key players.

For instance, Boyd Corporation acquired MBK Tape Solutions in December 2021, for an undisclosed amount. This acquisition will help Boyd Corporation in the expansion of their medical material science capabilities in transdermal patches, biosensors, and advanced wound care.

Asia-Pacific is anticipated to witness robust growth in the global masking tapes for market during the forecast period, due to growing demand from the aviation and automotive industries.

Key players active in the global Masking Tapes Market are Green Belting Industries, 3M, Intertape Polymer Group, Nitto Denko Corporation, LINTEC Corporation, Shurtape Technologies, LLC, Berry global Inc., Intertapes Polymer Group, Saint-Gobain, PPM Industries SpA, TesaTapes (India) Private Limited, CCT, Ahlstrom-Munksjö Oyj, Bolex International, TOYOCHEM Co. Ltd., Cintas Corporation, TOYOCHEM Co. Ltd., and EMCOR Group Inc.