Painting Masking Tapes Market Leading Players Envisioned By The Analysts Forecast

Players holding a position of strength in the global painting masking tapes market include Advance Tapes International Ltd., Bolex (Shenzhen) Adhesive Products Co. Ltd., Shurtape Technologies LLC, Beiersdorf Aktiengesellschaft, Intertape Polymer Group, Inc., Scapa Group PLC, Saint-Gobain Performance Plastics Corporation, Nitto Denko Corporation, Berry Global, and 3M Company, finds Transparency Market Research (TMR). Several key companies are focused on offering products that features robust adhesion properties and a clean removal for a variety of surfaces, in order to stay ahead of the pack. In addition, a number of top players are also considering developing specialized products for various end-use industries, notably food packaging.
The global painting masking tapes market stood at US$2.5 billion. Rising at 5.7% CAGR, the market is projected to reach a worth of US$3.3 billion by 2022 end.
The key backing material used for painting masking tapes are foam, plastic, and paper. Among the various segments, paper leads, vis-à-vis annual absolute growth, and is projected to account for a massive share by 2022 end. The paper segment is estimated to be worth US$2.7 billion by the end of the assessment period.
Broadly, the various regional markets are North America, Latin America, Europe, Japan, Asia Pacific except Japan (APEJ), and the Middle East and Africa (MEA). Of these, North America accounted for the major share in 2017 and is expected to be one of the most lucrative regional markets. However, APEJ is anticipated to rise at the dominant CAGR of 7.8% during 2017–2022. Europe is also expected to be a prominent market and is expected to offer potential lucrative avenues over the assessment timeline. Latin America is expected to be another lucrative regional market.
Looking for exclusive market insights from business experts? Request a Sample Report
painting masking tapes market
Burgeoning use in Wide Range of Application Areas including Painting Accentuates Growth
The global painting masking tapes market is projected to rise at substantial pace on the back of widespread demand in several other end-use industries for painting and sealing applications. The market is driven by the extensively rising demand for masking tapes in a versatile range of application areas, including smart cards, renewable energies, transport, paper and print, electronics, health, copiers and printers, automotive, appliances, and construction. In addition, the noticeable demand for specialized varieties of masking tapes for sandblasting applications in the construction industries is a notable factor boosting the market. Furthermore, the growing use of advanced masking tape for painting in residential renovation in developing regions is a crucial trend to accentuate the market.

Comments

Post a Comment

Popular posts from this blog

Automotive Cooling Fan Market Survey On Emerging Opportunities

Image
Transparency Market Research has published a new report titled,  “Automotive Cooling Fan Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.”  According to the report, the global automotive cooling fan market is projected to exceed US$ 64 Bn by 2026, expanding at a CAGR of more than 4% during the forecast period. According to the report, the  global automotive cooling fan market  is likely to be driven by a range of macroeconomic and industry-specific factors. Europe is expected to be at the forefront of global demand, with the OEM market in the region expanding at a CAGR of about 7% between 2018 and 2026. Looking for exclusive market insights from business experts?  Request a Sample Report Several systems of vehicles such as engine cooling, transmission, and HVAC require a cooling system. The thermal efficiency of these components has a direct impact on the fuel economy, performance, and comfort of a vehicle. The cooling system plays a cru
Read more

Automatic Pipe Welding Machine Market Key Development Opportunities Hidden In Emerging Economies

Image
Automatic pipe welding machines  are used in industries to join two pipe pieces. The welding process includes complex joining operations. Reproducibility of welding is one of the key parts of product manufacturing. Automatic pipe welding machines offer a faster welding speed as compared to manual pipe welding machines. Moreover, they provide a more consistent weld and fewer errors in processes and product. Automatic pipe welding machines are suitable for various materials such as alloy steel, aluminum, carbon steel, and stainless steel. These Automatic pipe welding machines and semi-automatic pipe welding machines are more efficient compared to manual pipe welding machines. The automatic pipe welding machines are more reliable and provide better output compared to manual machines. They are preferred due to their durability, minimum maintenance, high performance, and long service life. Welding machine manufacturers are focusing on two major technologies: information management systems
Read more

Connected Mining Market Great Opportunities Available For The Vendors

Image
Connected mines are quickly being recognized as the next step in mining resource management and extraction. The primary function achieved by the implementation of connected mining is the speeding up of the mining process by the workers, while ensuring top level worker safety. Safety is the top priority in any mining scenario and the implementations provided in the global connected mining market are instrumental in obtaining the safest method of resource extraction possible.  Key segmentations in the global connected mining market are made on the basis of services, solutions provided, and regions. Each segment is described in terms of market statistics and latest user trends and demand values. Consulting, maintenance and support, and systems integration are the key segments in the global connected mining market as per services offered.  Planning to lay down future strategy? Perfect your plan with our  report brochure   The report offers a high level of comprehensive analytics pe
Read more