The global demand for masking paper is projected to grow at a steady CAGR of around 5.42% during the forecast period from 2022 to 2032. Growth in the market is driven by the rising adoption of masking paper across various applications including painting, thermal spraying, and printing.
Report Attribute | Details |
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Masking Paper Market Projected Growth Rate (2022 to 2032) | 5.42% CAGR |
Masking paper is a unique paper used for masking applications across various industries such as automotive, building and construction, aerospace, metalworking, electronics, etc. It protects unpainted surfaces or areas from paint overspray and splatter.
As the need for protecting surfaces of automotive parts, construction structures, electronic products etc. increases, end users are utilizing solutions like masking papers and masking tapes on large scales. This will continue to provide a strong thrust to market growth during the forecast period.
The masking paper has become an ideal solution for protecting surfaces against paint overspray during both the manufacturing and repair processes. It is being extensively applied to surfaces that do not require painting and offer protection for hours.
In recent years sales of masking paper have risen at a significant pace and the trend is likely to follow during the forthcoming period. End users prefer masking paper over other alternatives due to its recyclability, user-friendly nature, and low cost. Moreover, masking paper possesses excellent barrier properties, and superior mechanical strength, and can be easily customized according to specific needs.
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Rising demand for masking paper from diverse end-use industries such as automotive, building & construction, and aerospace is a major factor driving the growth in the masking paper market.
Masking paper has emerged as an effective and low-cost solution for preventing paint spills, splatters, and overspray from getting on unwanted surfaces. It has become a must-have product for any painting project. Masking paper is highly efficient on a variety of substrates such as glass, plastic, and metal, and is being increasingly employed on car surfaces during repair and painting works.
The rapid expansion of the used car market is another key factor triggering the sales of masking paper. Used cars often require proper repairing and painting to make them visually appealing to customers. Rising sales of used and customized vehicles due to their low costs will therefore generate lucrative growth prospects within the global masking paper market during the forecast period.
With lucrative growth opportunities emerging from the used car market, masking paper manufacturers are targeting this industry with their strategies. This will help them to increase sales during the assessment period.
Similarly, the rising application of masking paper in the building & construction industry for painting is expected to generate sales prospects for the masking paper during the assessment period.
In addition to this, increasing preference for masking paper due to its recyclability and sustainability will further aid market growth in the future.
Despite a positive growth trajectory, there are certain factors that are likely to slow down market growth during the forecast period. One such factor is the availability of alternatives like masking tapes.
Similarly, the laborious and lengthy process of separating paints, inks, dyes, and several other materials from used masking paper before disposal or recycling is also negatively affecting the market growth.
According to Future Market Insights, demand for masking paper is projected to grow at a significant pace across European countries like the United Kingdom and Germany, owing to the rapid expansion of the automotive industry, urbanization, and the presence of some leading market players.
The Europe masking paper market is mainly dominated by countries like the United Kingdom, France, and Germany due to the rapid growth of the used car industry and rising consumer inclination towards eco-friendly masking solutions
With the rapid expansion of end-use industries and the heavy presence of leading market players, the North American masking paper market is projected to expand at a steady pace during the assessment period from 2022 to 2032.
Countries such as the USA, Canada, and Mexico are all also generating high demand for masking paper, as these regions are witnessing an uptick in automotive activities. Moreover, the building and construction industry in these countries is also experiencing a major upsurge, which will generate favorable conditions for market growth during the forecast period.
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Some of the key participants present in the global masking paper market include Potsdam Specialty Paper, Inc., Quest Automotive Products, Brown Packaging, Inc., Atlantic Coated Papers Ltd, Shanghai Smith Adhesive New Material Co., Ltd, and API, Inc. among others.
These leading players are focusing on adopting various strategies such as new product launches, partnerships, acquisitions, mergers, and the establishment of new facilities to gain a competitive edge in the market as well as to expand their global footprint.
Report Attribute | Details |
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Growth Rate | CAGR of 5.42% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2015 to 2020 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Product Type, Basic Weight, Paper Grade, Application, End Use, Region |
Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific excluding Japan; Japan; Middle East and Africa |
Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
Key Companies Profiled | Potsdam Specialty Paper, Inc.; Quest Automotive Products; Brown Packaging, Inc.; Atlantic Coated Papers Ltd; Shanghai Smith Adhesive New Material Co., Ltd; API, Inc.; Others |
Customization | Available Upon Request |
FMI projects the global masking paper market to grow at a moderate CAGR of around 5.42% between 2022 and 2032.
As per FMI, Europe is expected to emerge as a lucrative market for manufacturers of masking paper over the forecast period.
Potsdam Specialty Paper, Inc., Quest Automotive Products, Brown Packaging, Inc., Atlantic Coated Papers Ltd, Shanghai Smith Adhesive New Material Co., Ltd, and API, Inc. are some prominent masking paper manufacturers
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