Masking Tapes Market

Masking Tapes Market: Aerospace Industry Expected to be the Most Attractive Segment by End Use Industry: Global Industry Analysis & Opportunity Assessment 2017 - 2027

  • REP-GB-2642
  • 2017-07-19
  • 521 Pages
  • Format: pdf ppt
  • Category: Packaging

Building and Construction segment to lead the global masking tapes market in terms of revenue in the coming decade

In terms of value, the Building and Construction segment is estimated to account for around 40% of the market share over the forecast period and is expected to grow at a CAGR of 5.4%. Due to the construction boom in many parts of the world, the Building and Construction segment is expected to be the most attractive segment during the assessment period. The Automotive end-use industry segment is estimated to be the second largest industry accounting for close to 30% market share of the global masking tapes market during the forecast period and is expected to grow at 5.1% CAGR over the estimated period. However, the Automotive segment is anticipated to lose 60 BPS in its market share. The Automotive segment is estimated to witness an incremental opportunity of more than US$ 800 Mn over the predicted period while the Building and Construction segment is expected to witness an incremental opportunity of more than US$ 1,000 Mn over the calculated period.

 masking tapes market

Poor performance of the real estate sector and slowdown in the manufacturing industry to pose a risk for the growth of the global masking tapes market

The building and construction sector, particularly in North America, has been stagnant since the 2008 mortgage crisis. As masking tapes have a wide range of applications in building and construction, this turmoil in the real estate sector has negatively affected the building and construction end-use segment of the global masking tapes market. Demand for specialised masking tapes for specific applications such as abrasive blasting has been shrunk to its all-time low in North America. Masking tapes for painting applications have been most adversely affected as they account for more than 50% of the demand for masking tapes in the building and construction sector.  

Currently, Latin America is at a critical stage, as the region has seen a decline in its growth after a sudden spike in 2010. The epicentre for the recession in Brazil and Argentina is the slowdown in automotive manufacturing. Despite the positive growth of Mexico in the automotive sector, the net effect on the growth of the automotive industry is negative. Moreover, slow growth in metal production is hampering demand in the masking tapes market. The region may face problems due to the unfair subsidies provided by the Chinese government to its local manufacturers. All these factors are creating a negative impact on the global masking tapes market.

In a similar way, Asian markets are huge and hold a significant share of the world market in many industries. Despite offering such high growth many big companies are shying from entering the region. Consumers in Asia excluding few countries are both demanding and price sensitive, which makes the Asian market the toughest to crack. After a decade of consistent incremental growth in the automotive market, the APEJ region is facing a decline in sales of automobiles in the region. This decline can be attributed largely to internal factors as well as the global economic uncertainty. Thailand and Indonesia are the two major markets facing the biggest car sale decline in the region. This decline in the automotive market has a huge ripple effect on the demand for masking tapes in the region.

Building and Construction end-use industry segment is expected to lose 230 basis points in MEA over the forecast period

The Building and Construction end-use industry segment in APEJ is expected to account for a market share of just over 40% by the end of 2027, losing 30 basis points during the forecast period. The Automotive segment in APEJ is expected to hold a market share of about 25% by the end of 2027, losing 30 basis points.

The Automotive segment in MEA held a market share of more than 20% in 2016 and is expected to account for a market share of just under 25% by the end of 2027, gaining 110 basis points. On the other hand, the Building and Construction end-use industry segment in the MEA masking tapes market is estimated to account for a market share of more than 50% by the end of 2027, losing 230 basis points during the forecast period.

Masking Tapes Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027) is our latest publication that conducts an in-depth study of the global masking tapes market over a 10 year forecast period 2017 – 2027. According to our analysts, double sided masking tapes – despite their applications in splicing and mounting – are expected to hold minimal share in the global masking tapes market, while single sided masking tapes are expected to lead the masking tapes market over the forecast period. One of the key features of our report is an in-depth analysis of the global packaging industry. Some of our observations on the global packaging industry are as under.

Factors contributing to the increased demand for packaging films include the tremendous growth of the food industry, which represents the highest market for global packaging films. Packaging films are considered as the most economical means for the protection and distribution of food and other products that require an extended shelf life. Convenience of use (Easy to Store, reseal ability and Shelf Life) are the most important attributes from end consumers’ point of view for flexible packaging; while brand visibility, attractive packaging and shelf life are priorities for brand owners. Reduced packaging cost vis-à-vis physical protection are few tangible benefits of using packaging films, whereas increased shelf life is the non-tangible benefit to brand owners.

Report Structure

Primarily, we have focussed on highlighting the numerous developments that are likely to take place in the global masking tapes market in the coming decade. Our analysts have studied the market extensively and have identified multiple drivers, restraints, and trends that are expected to influence the global masking tapes market and consequently the business operations of the leading as well as second-in-line players functioning in the global masking tapes market. Through extensive research, our analysts have studied how the different market dynamics are likely to impact the current environment and future scenario of the global masking tapes market, thereby providing useful insights to market players to plan their differentiating strategies capable of evolving with the changing market landscape.

Global Masking Tapes Market: Taxonomy

By Application Type

By End Use Industry

By Region

By Product Type

By Adhesive Type

By Material Type

  • Painting

  • Plating

  •  Abrasive Blasting

  • High-Temperature Applications 

  •  Automotive

  • Building and Construction

    • Painting

    • Plating

    •  Abrasive Blasting

    •  High Temperature Applications

    • Thermal Spraying

    • General Use

  • Aerospace

  •  General Industrial

    •  Electronics & Electricals

    •  Medical

    •  Metal Working

    • Shipping & Logistics

    •  Printing

  • Others 

  • North America

  • Latin America

  • Asia Pacific Excl. Japan (APEJ)

  •  Western Europe

  •  Eastern Europe

  • Middle East & Africa

  • Japan

  •  Single Side

  •  Double Side 

  • Silicon-based Adhesives

  • Acrylic-based Adhesives

  •  Rubber-based Adhesives

  •  Non-adhesive Tapes 

  • Foam

  • Glass Fiber

  • Foil

    • Aluminium

    • Lead

  • Paper

    • Crepe Paper

    •  Washi Paper

    •  Kraft Paper

    • Flatback Paper

  • Plastic

    • Polyimide

    •  PVC/Vinyl

    • PET/Polyester

    • Fluropolymer 

Research Methodology

We have adopted systematic research approach while inspecting this market. In-depth secondary research is used to arrive at the overall market size, top industry players, top products and industry associations. Our analysts have formulated a detailed discussion guide in order to conduct expert and comprehensive interviews with industry experts, industry players, distributors and retailers. Data is validated using the triangulation method wherein primary and secondary data along with Future Market Insights’ analysis contribute to the final data estimates. We have also analysed the various companies’ annual reports, investor presentations, SEC filings, financial reports and press releases to fetch substantial information about the market size, trends, opportunities, drivers and restraints likely to have an impact on the global masking tapes market during the period of assessment.