Global Painting Masking Tapes Market Segmentation by Type (Acrylic-based, Silicone-based, Rubber-based and others), by Backing Material (Foam, Foil, Plastics, Glass Fiber, Paper, Foil), by Application (Painting, General Purpose, High Temperature Applications, Spraying, Metal Working), by End-user (Automotive, Building & Construction, Electricals & Electronics, Packaging, Aerospace, Consumer Goods, Furniture & Decorations and Others), by Region (North America, APAC, Europe, MEA& Africa and South America).
Various factors such as growing use of painting masking tape in diverse end-use industries, growing packaging industry in emerging economies, increasing utilization in infrastructure development and in up gradation of electronic equipment are mainly driving the global painting masking tapes market over forecast period.
However, factors such as implementation of stringent regulatory policies, volatility in raw material prices leading to fluctuation in demand are restraining the market growth over forecast period.
Global Painting Masking Tapes Market is segmented by Type, by Backing Material, by Application, by End-user and by Region. By backing material, paper-backed painting masking tape dominated the global market with xx% of market share in 2019 and is expected to keep its dominance over forecast period. Paper tapes are made from crape paper and rubber adhesive coating have a wide range of applications. These tapes are eco-friendly and are available in a wide range of colours.
By geography, APAC held 38.78% of market share in 2019 and is expected to keep its dominance over forecast period owing to ongoing R&D and advancements in electrical & electronics, healthcare, and automotive industries. China is expected to be the major contributor, mainly led by the high demand from heavy industries and consumer product manufacturing sectors.
Report covers in depth analysis of key development, marketing strategies, value chain, supply chain and company profiles of market leaders, potential players and new entrants. Some of the key players covered in this report are 3M Company, Berry Global, Inc., Nitto Denko Corp., Saint-Gobain Performance Plastics Corporation, Scapa Group PLC, Intertape Polymer Group, Inc., Beiersdorf Aktiengesellschaft and Shurtape Technologies LLC among others. These key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, collaborations, strategic alliances, expansion, joint ventures, new product launches, patent and diversification to increase regional presence and business opeartions.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Painting Masking Tapes Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Painting Masking Tapes Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Painting Masking Tapes Market positioning of competitors.
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