The paper masking tapes market is likely to expand at a CAGR of 5.7% during the forecast period. The market is anticipated to hold a value of USD 2.1 billion in 2023 while it is anticipated to cross a value of USD 3.6 billion by 2033.
The research report on the paper masking tapes market explains that from packaging to painting operations, paper masking tapes are useful in fixing and sticking small and lighter elements. The fueling demand for paper masking tapes is attributed to the correct taping techniques and advanced adhesives.
The advanced vehicle industry and multi-shop operators are focusing on consuming paper masking tapes to enhance the paint quality and texture. The advanced building and construction processing involve paper masking tapes for the right fitting and joint. Furthermore, the expansion of larger art and craft along with electrical operations are fueling the demand for paper masking tapes.
Rampant urbanization coupled with the higher availability and raw materials is expanding the paper masking tapes market size.
The paper masking tapes market outlook states that crepe masking tapes accounted for nearly 3/5th of sales in the global market in 2021. Advanced paper masking tapes come with multi-layered solutions that don’t lose their adhesive quality under different temperature and pressure conditions.
Heavy crepe backing material with rubber adhesives that can withstand high temperatures, has resulted in their high sales across various industries. Paper masking tapes designed for automotive applications resist lifting and curling and ensure smooth and consistent masking. Furthermore, advanced painting and renovation operations along with the advent of distinct adhesive tapes are gaining traction in the paper masking tapes market.
| Attributes | Details |
|---|---|
| Paper Masking Tapes Market CAGR (2023 to 2033) | 5.7% |
| Paper Masking Tapes Market Size (2023) | USD 2.1 billion |
| Paper Masking Tapes Market Size (2033) | USD 3.6 billion |
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Short-term Growth: The global paper masking tapes market registered a comparatively lower CAGR of 3.6% from 2017 to 2022. Paper masking tapes are distinct adhesive tapes utilized in diverse industries like automotive, building and construction, aerospace, and general industries. The efficacy of these tapes is improving due to speciality-formulated adhesive that has an instant bond to various surfaces. The period marked the entry of various market players and product innovations.
Mid-term Growth: The industry has minimal barriers while comprehending the market from a macroeconomic lens. However, moving forward liquid adhesive solutions might gradually replace masking tapes across industries. To counter this, masking tapes producers are likely to shift to sustainable materials, consequently paving the scope for higher sales of paper masking tapes
Long-term Growth: With advanced machine learning in a run-through and the introduction of robotics, the industrial sectors are expected to observe multifold growth. This could create impressive prospects for sales of paper masking tapes over the forecast period.
This in turn is anticipated to majorly fuel the market for paper masking tapes. These factors are anticipated to fuel the demand for the paper masking tapes market while thriving at a CAGR of 5.7% between 2023 and 2033.
The used car segment in the automotive industry has been consistently gaining traction in North America, the United Kingdom, and Asia Pacific. The market for new vehicles is dominated by established players and has shown sluggish growth in developed markets. Contrary to this, the sales of used vehicles are gradually rising worldwide.
The used car market allows multi-shop operators (MSOs) and other small players to enter the high revenue-generating market of automobiles. It also requires vehicles to be painted, repaired, and sold in appealing conditions.
Hence, the used car market offers sales opportunities for manufacturers of paint coatings, paper masking tapes, and other supplies.
Consistent growth exhibited by the used car market and frequent need for masking tapes is expected to offer lucrative prospects for paper masking tape manufacturers to capitalize on.
Principal Consultant
| Regions | Absolute Market Growth |
|---|---|
| United States | USD 188.2 million |
| United Kingdom | USD 49.2 million |
| China | USD 133.0 million |
| Japan | USD 146.5 million |
| South Korea | USD 119.1 million |
Advanced Automotive Vehicles along with New Construction Practices Transform the Market Growth
| United States Market CAGR (2023 to 2033) | 3.7% |
|---|---|
| United States Market Absolute Doller Growth (USD million/billion) | USD 188.2 million |
The United States is one of the leadingmarkets for automotive production and sales. The United States Department of Commerce estimated that light-vehicle sales reached a volume of 17.2 million units in the year 2018. Increasing sales of automobilesin the United States areshaping opportunities for the sales of paper masking tapes.
The introduction of electric vehicles also is expected to augment the growth of the paper masking tapes market in the country. As per FMI, the United States paper masking tapes market is expected to be valuedat USD 622.1 millionin 2033 while thriving at a CAGR of 3.7% by 2033.
Japan Building its Infrastructure along with Expanding Electrification is making the Japan Market Dominantin terms of CAGR
| Region | Attributes |
|---|---|
| Japan Market CAGR (2023 to 2033) | 7.4% |
| Japan Market Absolute Doller Growth (USD million/billion) | USD 146.5 million |
Japan is expected to expand at a CAGR of 7.4% between2022 and 2033. The market growth is attributed to the higher government investment in construction activities. Furthermore, the new adhesive tapes with temperature-friendly, pressure-friendly qualities with electrification operations carry anabsolute Doller opportunityof USD 146.5 million. The market is expected to reach a value of USD 286.9 million by 2033. This gives an overall push to the global paper masking tapes market.
Germany is a leading industrial hub inEurope. The expansion of the automotive sector is expected tocreate impressive prospects for the growth of the paper masking tapes market in Germany. Four of the leadingsectors that dominate the country are the automotive, mechanical engineering, electrical and chemical industries.
Germany also is home to globally renowned industrial players such as Volkswagen, Daimler, BMW (for automotive), Siemens (electrical), and BASF (for chemical). This is indicative of the country’s strong manufacturing sector, which supports the sales of paper masking tapes.
According to a report, manufacturing contributed nearly 23.4% of Germany’s GDP in 2017. Coupled with this, the consistently improving automotive production and manufacturing may continue aiding the expansion of the paper masking tapes market.
| Segment | Top Tape Type |
|---|---|
| Top Sub-segment | Crepe Masking Tape |
| CAGR (2017 to 2022) | 3.5% |
| CAGR (2023 to 2033) | 5.5% |
| Segment | Top Adhesive Type |
|---|---|
| Top Sub-segment | Rubber-based Adhesive |
| CAGR (2017 to 2022) | 2.9% |
| CAGR (2023 to 2033) | 4.9% |
Crepe masking tapes segment is expected to thrive at a CAGR of 5.5% between 2023 and 2033. The segment thrived at a slower CAGR of 3.5% between 2017 and 2022 in the total paper masking tapes market. The backing paper and adhesion quality make crepe paper an ideal masking tape material. The segment is also expected to register an incremental growth of 1.7x during the forecast period.
Based on adhesive type, Rubber-based adhesive is the top segment that is anticipated to thrive at a CAGR of 4.9% between 2023 and 2033. This is due to its cheaper price and synthetic polymer-based design. Its higher initial tack quality is better than the acrylic-based adhesives. The rubber-based adhesive thrived at a lower CAGR of 2.9% between 2017 and 2022.
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Market players have been reshaping the product to attract consumers. Moreover, manufacturers such as 3M are improving the strength of the product by modifying the overall features and using sustainable adhesive solutions. Manufacturers are diversifying towards various applications in aerospace and automobile to reduce the risk of failure. Besides this, they are focusing on expanding facilities to gain a competitive edge.
Recent Market Developments
The market is valued at USD 2.1 billion in 2023.
The market is estimated to reach USD 3.6 billion by 2033.
The market is forecast to register a CAGR of 5.7% through 2033.
From 2018 to 2022, the market grew at a CAGR of 3.6%.
The United States leads the market by generating maximum revenue.
1. Executive Summary | Paper Masking Tapes Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Tape Type 5.1. Crepe Masking Tape 5.2. Washi Masking Tape 5.3. Flatback Paper Masking Tape 5.4. Kraft Paper Masking Tape 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Distribution Channel 6.1. Distribution Professional 6.2. Aftermarket Sales 6.3. DIY Distribution 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Adhesive Type 7.1. Rubber-based Adhesive 7.2. Acrylic-based Adhesive 7.3. Silicon-based Adhesive 7.4. Hot Melt Adhesives 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Application 8.1. Painting 8.2. Plating 8.3. Abrasive Blasting 8.4. High Temperature Application 8.5. Thermal Spraying 8.6. General Use 9. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End Use 9.1. Automotive 9.2. Building and Construction 9.3. Aerospace 9.4. General Industries 9.5. Others 10. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia 10.6. Oceania 10.7. Middle East and Africa 11. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. South Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 16. Oceania Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 17. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 18. Key Countries Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. 3M Company 20.2. Shurtape Technologies LLC 20.3. Tesa SE 20.4. Saint-Gobain Tape Solutions Europe 20.5. Nitto Belgium NV 20.6. Advance Tapes International Ltd. 20.7. PPM Industries S.p.A 20.8. Vibac Group S.p.a 20.9. Intertape Polymer Group Inc. 20.10. Berry Global, Inc. 20.11. Beorol d.o.o 20.12. Folsen Tapes 20.13. FABO s.p.a. 20.14. Scapa Industrial 20.15. Cintas Adhesivas Ubis, S.A. 20.16. MBK Tape Solutions 20.17. NADCO® Tapes & Labels, Inc. 20.18. Pro Tapes & Specialties, Inc. 20.19. Sicad Group 20.20. PPI Adhesive Products Limited 21. Assumptions & Acronyms Used 22. Research Methodology
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Paper Masking Tapes Market
