Masking Tape Market

Masking Tape Market Overview

The global masking tape market is valued at US$ 5,651.7 million in 2024 and is expected to reach US$ 7,250.8 million by 2032. Revenue is expected to grow at a CAGR of 3.5% during the forecast period. In 2023, the market value was estimated to be 5356.7 million USD.

Market Trends

Growing awareness of sustainable masking tape

Growing use of sustainable masking tape is expected to support the growth of the Indian masking tape market. In addition, more and more masking tape manufacturers are switching to sustainable masking tapes. This tape is also known as eco-tape and the popularity of this variant is based on its environmental responsibility. In addition, paper tapes are self-adhesive and self-adhesive, which is why they are considered an excellent substitute for vinyl and polypropylene tapes.

Masking Tape Market

Size, by Product, - (USD Billion)

Single Side

Double Side

Other Products

The Market will Grow

At the CAGR of:

3.5%

The Forecast Market

Size for in USD:

$7,250.8 Million

Drivers

Growing Demand in the Packaging Industry

The addition of new markets, changes in substrate preferences and changing ownership dynamics have contributed to the continuous growth of the packaging industry over the past decade. Growth is expected to continue over the next ten years, although significant pressures and more disruptive changes are likely to come. As more people move to urban areas and adopt Western culture and lifestyles, most of the growth will occur in less developed economies. This has increased the demand for packaged products, fueled by online shopping worldwide.

Masking Tape Market

Share, by end user, (USD Billion)

5,651.7 million%

Automotive

Building & Construction

Healthcare

Electrical & Electronics

Other End-Users

7,250.8 Million

Total Market Size

USD (Billion),

3.5%

CAGR

-

Restraints

Fluctuation in raw material prices

Masking Tape manufacturers must consider prices and raw material availability to determine cost structures for their products. The raw materials of tapes are rubber, silicone, acrylic, polypropylene (PP), paper, adhesives, polyvinyl chloride (PVC) and separation coatings. Most of these commodities are Petroleum derivatives that are exposed to fluctuations in commodity prices. Due to increasing global demand and unrest in the Middle East, oil prices have been quite volatile in the past. Market growth is affected by uncertainty and changes in raw material prices and availability.

Opportunities

Potential substitutes for traditional fastening systems

Traditionally, the strongest and most reliable connection technologies have been mechanical fasteners such as nuts and bolts, screws and rivets, and mechanical fasteners. However, joining dissimilar surfaces is difficult because the material is susceptible to fracture under high-pressure tensile stress, making it unreliable in the long term. By using adhesive tapes instead of traditional fixing methods, new applications of adhesive tapes are being created for fastening and fixing. These tapes eliminate the difficulties of traditional fixing systems, which also extends the life of the products. In addition, tapes improve product design while reducing noise and vibration, rust and corrosion, as well as manufacturing and assembly time. They have been shown to improve performance and efficiency while reducing material and manufacturing costs.

Challenges

Implementation of strict regulatory policies

Regulatory Authorities such as the European Union (EU), Authorization and Restriction of Chemicals (REACH), Environmental Protection Agency (EPA), Globally Harmonized System (GHS), Evaluation, the Registration, and the control of Substances Hazardous to Health (COSHH), are giving challenges to the chemical: industry in Europe and North America. To reduce VOC emissions, manufacturers must comply with regulations related to the production and use of tapes in various applications. These regulations force manufacturers to convert their solvent technology to water-based technology, which is also a major challenge. Solvent-based tapes are durable and suitable for a wide range of applications, as they can withstand different temperatures than water-based tapes. Due to these regulations, the production of solvent-based tapes has declined and has become a major challenge for manufacturers in the region.

Hot melt technology forms the fastest growing segment of the tape market hot melt technology is the fastest growing technology in the tape market. These are thermoplastic based 100% solids hot melt adhesives. They are used in a liquid or molten state and solidify on cooling. The demand for hot melt adhesives is increasing due to their properties such as low environmental impact, fast curing and lower costs. Hot melt systems also have extensive alloy resources that enable a wide range of products for specific platforms and applications. Fast bond formation can ensure high production speed, which is the main attraction of these tapes.

Masking Tape Market

Size, by Product, - (USD Billion)

The Market will Grow

At the CAGR of:

3.5%

The Forecast Market

Size for in USD:

$7,250.8 Million

Market Segmentation

• By Type:

1. Single Side
2. Double Side

• By Adhesive Type:

1. Silicon-based Adhesive
2. Acrylic-based Adhesive
3. Rubber-based Adhesive
4. Others

• By Backing Material:

1. Plastic
2. Paper
3. Foam
4. Others

• By End Use:

1. Automotive
2. Building & Construction
3. Healthcare
4. Electrical & Electronics
5. Packaging
6. Aerospace
7. Others

Masking Tape Market Key Player

• 3M Company
• Intertapes Polymer Group Inc.
• Shurtapes Technologies LLC
• Tesa SE Group
• Nitto Denko Corp
• Ahlstrom Corporation
• PPI Adhesive Products (C.E.) S.R.O.
• Saint-Gobain Performance Plastics Corporation
• Canadian Technical Tapes Ltd.
• Berry Global Group Inc.
• Cintas Adhesivas Ubis
• Scapa Group PLC
• Advance Tapes International Ltd.
• Bolex (Shenzhen) Adhesive Products Co. Ltd.
• Vibac Groups

KEY INDUSTRY DEVELOPMENTS

• In February 2024, Rogers Corporation introduces the DeWAL Plasma X Plasma Spray Masking Tape to the market.
• In February 2023, 3M launched a medical tape that can last up to four weeks.  It is a pressure-sensitive adhesive tape that makes the remote monitoring process easier.
• January 2022, tesa SE declared the foundation stone for a new manufacturing plant in the Vietnamese port city of Haiphong. The company further stated that approximately 40 billion square metres of adhesive tapes will be manufactured in the plant every year.

• In 2022, Bostik Unveils Two New Tape and Label Adhesives in India.

  Masking Tape Market TO (USD BN)

  

  CAGR OF

  3.5%

  Masking Tape Market

  

  7,250.8 Million%

Conclusion

The global masking tape market is expected to grow steadily over the coming years. This growth is driven by increased awareness and adoption of sustainable masking tapes, alongside a rising demand in the packaging industry. However, the market faces challenges such as raw material price fluctuations and stringent regulatory policies. Despite these challenges, there are significant opportunities for adhesive tapes to replace traditional fastening systems, enhancing product design and manufacturing efficiency. Major industry players like 3M, Intertape Polymer Group, and Tesa SE Group are leading innovations and expanding their product lines. The future of the masking tape market looks promising, supported by technological advancements and growing demand across various sectors.