Masking Tapes Market Overview, Data Updates, Reports Analysis & Forecast | FMI

ByNiranjan karde

The Masking Tapes Market is on a robust trajectory, valued at approximately $4,758.83 million in 2022 and projected to achieve a CAGR of 5.20% during the forecast period. Forecasts indicate that the market will surpass $7,900.55 million by 2032. The burgeoning building and construction industry drive substantial growth, with applications extending beyond painting to include labeling.

Masking tape’s versatility and eco-friendly options further propel its expansion, spurred by manufacturers introducing environmentally responsible solutions known as eco-tapes. Demand from the automotive sector also contributes to this upward trend. Despite challenges posed by the COVID-19 pandemic, the market demonstrates resilience and a promising trajectory.

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Masking tapes developed to withstand high temperature are increasingly used for safety of automotive engines that easily tend to overheat. Against this backdrop, rising car sales are creating lucrative prospects for masking tape sales. Besides this, their increasing application in customization of vehicle will push growth of the industry in the coming years.

Key Takeaways: 

  • By 2030, overall value of masking tapes industry will reach US$8.06 Bn
  • In 2020, nearly 66.9% of materials used in masking tapes production were paper
  • More than 90% of masking tapes sold worldwide are single-sided and over 50% sold have rubber-based adhesive
  • Masking tapes are more commonly used in painting applications, which is expected to surge at 4.7% between 2020 and 2030
  • Building and construction applications will continue rising. In 2020, the industry exhibited maximum demand for masking tapes

“Through 2030, nearly 40% of masking tape applications will be attributed by building and construction sector. This is one sector that will have exclusive attention from industry players. Companies are expected to launch cost-effective masking tapes and go-to tapes to offer industrial masking solutions. In line with soaring focus on the environment, some of them, including Monta, have launched compostable tapes. This will create ample growth opportunities for the market,” said a lead analyst at FMI.

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Masking Tapes Industry Key Segment

By Backing Material Type

  • Foam
  • Glass Fiber
  • Foil
    • Aluminium Foil
    • Lead Foil
  • Paper
    • Crepe Paper
    • Washi Paper
    • kraft Paper
    • Flatback Paper
  • Plastic
    • Polymide(PI)
    • PVC/Vinyl
    • Polyethylene Terephthalate/Polyster
    • Fluropolymer

By Product Type

  • Single Sided
  • Double Sided