Painting Masking Tapes Market

Painting Masking Tapes Market – Size, share,
Outlook, and Opportunity Analysis, 2018-2026
Masking tapes are used in paint industry to provide perfect and sharp edges.
Masking tape is preferred for both indoors and outdoors use, owing to its easy to use
property, perfect finish, and easy removal without residue even from delicate
surfaces. Multi-surface performance, easy unwind, and good adhesion are some of
important factors to be considered while selecting painting masking tapes.
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The paint or coating system, the nature of application, service temperature,
adhesives used, and type of backing material determine the properties of masking
tapes. Paints and coatings sector is one of the most heavily regulated industries in
the world. For instance, as per the draft notification issued on April 8, 2016, by Indian
Ministry of Environment, Forest and Climate Change on lead control regulations in
household and decorative paints, restricted the lead content up to 90 ppm
(internationally accepted standards for all kinds of paints).
Market Dynamics
Major driver for growth of the painting masking tapes is a growing paints and coating
industry. According to World Bank, the market for paints in India is expected to grow
1.5 times to 2 times GDP growth rate in the next five years i.e. from 2016 to 2021.
The Asia Pacific is projected to be the fastest growing region in coatings market and
it is estimated to account for the largest share of the global demand by 2020. China,
India, and South Korea have witnessed significant growth in construction sector,
which in turn is propelling demand for masking tapes in the Asia pacific. Increasing
growth of the global construction industry is contributing to positive impacts on the
growth of painting masking tapes market.
Market Outlook
Painting masking tapes are important component in the paints and coatings industry.
According to American Coatings Association, in 2017, the U.S. market accounted for
20% of US$ 149 billion global paints and coatings shipments value.
Increasing automotive manufacturing and metal production activities are expected to
propel demand for painting masking tapes. Car customization is one of the mega
trends in automotive industry. Increasing adoption of second cars is propelling
demand for masking tapes in customization of a vehicle. Increasing sales of
automobiles due to increasing disposable income is expected to drive growth of the
market.
Key players in Global Painting Masking Tapes Market
Key players operating in global painting masking tapes include Advance Tapes
International Ltd., Shurtape Technologies LLC, Beiersdorf Aktiengesellschaft, Bolex
(Shenzhen) Adhesive Products Co. Ltd., Intertape Polymer Group, Inc., Scapa
Group PLC, Saint-Gobain Performance Plastics Corporation, Nitto Denko
Corporation, Berry Global, and 3M Company.
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The research report on Painting Masking Tapes Market is segmented by Backing Material, Adhesive Type, End-Use Industry – Size, share, Outlook, and Opportunity Analysis, 2018-2026

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