Paper Masking Tapes Market is About to Grow CAGR of 5.4% by 2031 and Reach Stupendous Revenue due to the Surging Prevalence of the Used Cars Sector Worldwide | Data Insights by Future Market Insights, Inc.
Future Market Insights Global and Consulting Pvt. Ltd.
Tue, November 8, 2022
Crepe masking tapes hold a share of almost 63% in the total paper masking tapes market. The demand for paper masking tapes is expected to grow at 4% CAGR between 2021 and 2031. The Japan paper masking tapes market will grow at 6.9% CAGR between 2021 and 2031
NEWARK, Del, Nov. 07, 2022 (GLOBE NEWSWIRE) — The global paper masking tapes market is expected to augment well over the forecast period by registering a stable CAGR of around 5.4% over the projection period from 2021 to 2031. The paper masking tapes market will reach nearly US$ 2 Bn by 2022. The global market was valued at US$ 1.9 Bn in 2021. During the historic period, the global paper masking tapes market witnessed a CAGR of 3.3% between 2016 and 2020. The adhesive tapes market accounted for the largest segment which generated the maximum revenue of the global paper masking tapes market of about US$ 60 Bn in 2021.
According to FMI analysis, the crepe masking tapes were expected to account for about 3/5th of the sales in the global sales. The growth of this segment is attributed to the various properties associated with crepe material which is backed with rubber adhesives that can withstand high temperatures, which has resulted in their high sales across various industries.
https://www.futuremarketinsights.com/reports/sample/rep-gb-13146
By Tape Type:
- Crepe Masking Tape
- Washi Masking Tape
- Flatback Paper Masking Tape
- Kraft Paper Making Tape
By Distribution Channel:
- Distribution Professional
- Aftermarket Sales
- DIY Distribution
By Adhesive Type:
- Rubber-based Adhesive
- Acrylic- based Adhesive
- Silicon-based Adhesive
- Hot Melt Adhesives
By Application:
- Painting
- Plating
- Abrasive Blasting
- High Temperature Application
- Thermal Spraying
- General Use
By End Use:
- Automotive
- Building and Construction
- Aerospace
- General Industries
- Others
Post time: Nov-12-2022