MASKING TAPES MARKET ANALYSIS

Masking Tapes Market Size and Trends

The global masking tapes market is estimated to be valued at USD 5,653.7 Mn in 2024 and is expected to reach USD 7,745.6 Mn by 2031, growing at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.

To learn more about this report, Request sample copy

Masking tapes are widely used across various end-use industries such as automotive, building & construction, healthcare, electronics, packaging, and others. Increased construction activities along with rapid industrialization in emerging nations of Asia Pacific and the Middle East & Africa are fueling the demand for masking tapes. The masking tapes market is expected to witness significant growth over the forecast period. Growing popularity of DIY projects among individuals is propelling the sales of masking tapes. In addition, stringent environmental regulations regarding the use of hazardous substances in masking tapes are prompting market players to introduce eco-friendly product varieties made from natural rubber, which is further supporting the market expansion. However, the availability of substitute products like painter tapes act as a challenge.

Growth in Construction and Manufacturing Applications

Masking tapes find wide applications in these industries for masking, marking, binding, and packaging purposes. As per data from the World Bank in 2021, the construction sector witnessed a growth of 3.6% in 2021 driven by increased infrastructure spending and residential construction in major economies. The infrastructure push by governments on projects like bridges, highways, metros, and rail networks requires the extensive use of masking tapes for markings during construction activities. Similarly, various reports from the United Nations Industrial Development Organization suggest that the global manufacturing sector output grew by around 6% in 2021 compared to the previous year. The recovery of manufacturing from the pandemic slump and expansion into new categories has increased the demand for masking tapes from this sector. Within manufacturing, automotive and electronics assembly lines extensively use masking tapes for holding, joining, and protecting surfaces during pre-treatment, painting, and component fitting processes. The thriving automotive and electronics manufacturing industries especially in Asia Pacific are major consumers of specialized tape solutions. Going forward, the global construction and manufacturing sectors are expected to continue their steady growth trajectory in the coming years. Projects under national infrastructure development plans and investments in smart city projects will sustain construction spending. Similarly, policies promoting local manufacturing and new trade agreements will help expand production volumes globally. This sustained growth of end-use industries will translate into the growing demand for masking and protective tapes, thereby driving the global masking tapes market upwards in the long run.

To learn more about this report, Request sample copy

Acrylic adhesive masking tapes have witnessed increased usage across multiple industrial applications over the past few years, driving robust growth in the global masking tapes market. These tapes are extensively used in automotive, building & construction, and general industrial activities which require the protection of surfaces from paints, primers, and other finishing.  In the automotive industry, acrylic masking tapes have emerged as the preferred option for masking various body parts, trims, and emblems during the painting process of vehicles. Their strong adhesion and easy removability without leaving residue has boosted their popularity. According to the International Organization of Motor Vehicle Manufacturers (OICA), automotive production increased by over 4% globally in 2021 versus 2020. The accelerating production schedules pointed to by OICA are expected to sustain the demand for masking tapes from automotive original equipment manufacturers (OEMs) and body shops over the coming years. In building & construction as well, acrylic tapes have found widespread usage in masking doors, windows, and flooring during interior renovation and painting activities. As per the statistics by the United Nations Environment Programme (UNEP), the global construction sector output is projected to increase by over 85% between 2016 and 2030, predominantly driven by China, the U.S., and India. This growth in construction expenditures bodes well for sustained demand rise from associated end-use industries like paints, coatings, and masking tapes over the coming decade.