Masking Tape Market Segmentation, Industry Outlook and Forecasts, 2018 - 2023

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The primary application of the Masking tape is painting, in order to mask off targeted areas, which are not to be colored. The use of pressure sensitive adhesive along with masking tapes helps in the removal of the tape without leaving residue or damaging the surface. The masking tape is commonly occurs in different strengths, for instance, based on the strength of the adhesive, masking tape is rated from 1–100 scale. These factors are expected to boost market demand for masking tapes over the forecast period. Increasing adoption of masking tapes during development of bridges, tunnels, water supply, and roofing is expected to stimulate market growth in the upcoming years. Some of the typical applications of the masking tapes include cladding, glazing, and air conditioning. Wide range of application in building and construction is expected to promote industry expansion over the forecast period. Furthermore, increasing infrastructural spending and various infrastructure development activities in the BRICS economies such as Brazil, Russia, India, China and South Africa are predicted to expand market reach in the near future. Strong economic growth in the emerging economies across Asia Pacific region coupled with rising spending in current fiscal budgets are propelling market growth, in the recent years. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/masking-tape-market However, volatility in the cost of raw materials is expected to restrain market growth to a certain extent. The recent technological advancement in chemical manufacturing industry along with introduction of new specialty electrically conductive adhesive tapes are anticipated to amplify market value of masking tapes in the upcoming years. Masking tapes are gaining traction in telecommunications equipment market owing to their unique set of properties. In addition, growing spending by industry participants in research & development activities is expected to offer lucrative growth opportunities in the near future. Packaging industry is considered as one of the fastest growing segment in the masking tapes market with substantial revenue generation in the last few years. Increasing demand for masking tapes
from packaging sector is attributed to their vital properties such as biodegradability, and low carbon footprint. The masking tape market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in packaging and construction sector, development largescale infrastructural projects in the region, and existence of well-established manufacturing infrastructure. Asia-Pacific region is predicted to hold major market share in the masking tape market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with increasing demand for food & beverages industry, rising construction spending, growing demand from healthcare industry and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the masking tape market are the 3M Company, Teas SE, Lintec and Nitto Denko Co., American Biltrite Inc., Adchem Co., Avery Dennison Co., and Jonson Tapes Ltd. See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/consumer-goods Market Segment: Key Applications • Construction • Automotive • Industrial • Electronic & Electrical Key Regions • North America
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Masking Tape Market Segmentation, Industry Outlook and Forecasts, 2018 - 2023

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