Overview and Scope
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.
Sizing and Forecast
The double-sided masking tapes market size has grown strongly in recent years. It will grow from <b>$12.33 billion in 2023 to $13.1 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. </b> The growth in the historic period can be attributed to automotive industry demand, electronics and pcb manufacturing, construction and building applications, industrial and manufacturing needs, and efficient bonding solutions
The double-sided masking tapes market size is expected to see strong growth in the next few years. It will grow to <b>$17.25 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. </b> The growth in the forecast period can be attributed 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.
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Segmentation & Regional Insights
The 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
<b>North America</b> was the largest region in the double-sided masking tapes market in 2023. <b>Asia-Pacific</b> is 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.
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Major Driver Impacting Market Growth
The growing penetration of the construction sector is expected to propel the growth of double-sided masking tapes. Double-sided masking tapes are used to resist the material from corrosion and keep the material surfaces clean and smooth and provide sealing function protection against environmental elements during construction. Due to these characteristics, the construction industry has gradually used double-sided masking tape for outdoor and indoor applications. For instance, in September 2021, according to the Global Construction Outlook report by Marsh, a UK-based Insurance company stated that between 2020 and 2030, the global construction market is expected to grow by $4.5 trillion, reaching $15.2 trillion, with emerging markets accounting for $8.9 trillion. Furthermore, China, India, the United States, and Indonesia will account for 58.3% of global construction growth. Therefore, the rise in construction activities is expected to boost demand for double-sided masking tapes market during the forecast period.
Key Industry Players
Major companies operating in the double-sided masking tapes market include <b> 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. </b>
The double-sided masking tapes market report table of contents includes:
1. Executive Summary
2. Double-Sided Masking Tapes Market Characteristics
3. Double-Sided Masking Tapes Market Trends And Strategies
4. Double-Sided Masking Tapes Market – Macro Economic Scenario
5. Global Double-Sided Masking Tapes Market Size and Growth
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26. South America Double-Sided Masking Tapes Market
27. Brazil Double-Sided Masking Tapes Market
28. Middle East Double-Sided Masking Tapes Market
29. Africa Double-Sided Masking Tapes Market
30. Double-Sided Masking Tapes Market Competitive Landscape And Company Profiles
Top Major Players:
- 3M
- Intertapes Polymer Group
- Shurtape Technologies LLC
- TesaTapes Private Ltd
- Nitto Denko Corp
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