Global Double-Sided Masking Tapes market scope 2024, Forecast To 2033
30 Jan, 2024
The double-sided masking tapes market has demonstrated strong growth, increasing from $12.33 billion in 2023 to $13.1 billion in 2024, with a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period is attributed to the demand from the automotive industry, electronics and PCB manufacturing, construction and building applications, industrial and manufacturing needs, and efficient bonding solutions. Expecting strong growth in the next few years, the market is projected to reach $17.25 billion in 2028, boasting a CAGR of 7.1%. The growth in the forecast period can be linked to increased automation in manufacturing, e-commerce and online sales, regulatory compliance, medical and healthcare applications, and renewable energy and solar panel assembly. Major trends in the forecast period include advanced materials and composites, automation in manufacturing, technological innovations, innovative solutions, and strategic partnerships.
Global Double-Sided Masking Tapes Market Key Driver
The double-sided masking tapes market is poised for growth due to the rise in construction activities. According to Marsh's Global Construction Outlook report, the global construction market is expected to grow by $4.5 trillion by 2030, reaching $15.2 trillion. The construction sector's expansion fuels the demand for double-sided masking tapes, contributing to market growth.
Get A Free Sample Of The Global Double-Sided Masking Tapes Market ReportGlobal Double-Sided Masking Tapes Market Segments
The global double-sided masking tapes market covered in this report is segmented –
1) By Product Type: Silicon-based Adhesive, Acrylic-based Adhesive, Rubber-based Adhesive
2) By Application: Painting, Plating, Abrasive Blasting, High-Temperature Applications, Other Applications
3) By End-User: Automotive, Building and Construction, Healthcare, Electrical and Electronics, Packaging, Aerospace, Other End-users
By Geography: The regions covered in the Double-Sided Masking Tapes market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North Americawas the largest region in the double-sided masking tapes market in 2023. Asia-Pacificis expected to be the fastest-growing region in the double-sided masking tapes market share during the forecast period. The regions covered in the double-sided masking tapes market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Double-Sided Masking Tapes Industry Players
3M, Intertapes Polymer Group, Shurtape Technologies LLC, TesaTapes Private Ltd., Nitto Denko Corp, Lintec Corporation, Avery Dennison Corporation, Yem Chio Co Ltd., SEKISUI Chemical Co Ltd., Lohmann GmbH & Co. Kg, Guangzhou Broadya Adhesive Products Co Ltd., Scapa Group plc, Berry Global Inc., Saint-Gobain Performance Plastics, L&L Products, Adchem Corp, Adhesive Applications Inc., Adhesives Research Inc., Advanced Flexible Composites Inc., Adhesive Systems Inc., American Biltrite Inc., Arkema Group, Ashland Inc., Bostik Findley SA, Collano Adhesives AG, Dow Inc., Drytac Corp, Franklin International Group Ltd., H.B. Fuller India Adhesives Pvt Ltd.
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Double-Sided Masking Tapes Market Overview
The double-sided masking tapes refers to pressure-sensitive tape coated with adhesive on both sides. It is widely used in various industries for holding, bonding, mounting, sticking, splicing, and packaging. Double-sided masking tapes are also used in the construction industry to hold materials during installation temporarily. These double-sided masking tapes are available in different widths and lengths to suit various applications.
Double-Sided Masking Tapes Global Market Report 2023 provides data on the global double-sided masking tapes market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The double-sided masking tapes market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.