Masking Tape Market - Forecasts from 2024 to 2029

The masking tape market is expected to experience a CAGR of 6.10% throughout the forecast period, reaching a market size of US$5.795 billion by 2029. This represents a substantial increase from the US$3.830 billion recorded in 2022.

Masking Tapes are known for being able to stick to any kind of surface and are used for protecting against overspray and providing clean paint lines. It has several other applications in various industries, which include protection for applying coatings, the bundling of components, the coverage of cracks, and the connecting of surfaces. It is a critical component in industrial activities, where the exposure of a select portion of a surface and covering surfaces is detrimental and can reduce the risk of damage from the use of masking tapes. Masking tapes consist of three layers, which include the backing layer, the adhesive layer and the external release coat. The backing layer is where the carrier is made up of different types of materials consists of, which include paper, polyester, polyvinyl chloride (PVC) and polyamide. Such materials are known for being thin and incredibly tear-resistant, increasing the durability of the tapes. It is widely known to be used for surface protection and strapping for bundling. The adhesive that allows the tape to be able to stick to any kind of surface is known as Tack. It allows adhesives to form a bond with the surface of another material, allowing it to stick to any kind of surface without any difficulty. There are several types of masking tapes, which include rubber-based masking tape, acrylic-based masking tape, and silicon-based masking tape, all of which are differentiated from the base material used in the production of these tapes.  Each type of tape has different characteristics and is used based on the activity it is required for in different industries, which include the automotive industry, building and construction, electronics, and painting.

The masking tape market growth is driven by several factors. It includes increasing demand from the construction industry, and multiple uses of the tape in a variety of industries, such as the automotive industry, the electronics, and the healthcare industry. These developments are driven by further mergers and acquisitions contributing to market growth. For instance- in 2023, Engineered Products & Services Inc. (EPSI) acquired Custom Rack. EPSI has seven manufacturing locations throughout Texas, U.S. and added to the lineup with Custom Rack’s addition. This acquisition will further add to the production capacity of the company for masking tape solutions.

The masking tape demand is closely related to the construction industry and driven by it. In India, in 2021, under Pradhan Mantri Awas Yojana-Urban (PMAY-U), a demand survey was undertaken and assessed a demand of 112.24 lakh houses in urban areas. Following this, a total of 114.06 lakh houses have been sanctioned so far. Of the sanctioned houses, 89.36 lakh houses have been grounded for construction; of which 52.55 lakh houses have been completed and delivered.   This will boost the application of masking tapes in the sector, leading to the masking tape market growth. Additionally, due to its higher tensile strength and elongation, the usage of these tapes in the automotive sector is anticipated to witness an upward trend in the coming years.

Increased demand from the construction sector propels the masking tape market.

Masking tape, with its diverse features, finds application across a wide spectrum of industries, ranging from HVAC, plumbing, and electrical to shipping, lighting, etc. Its versatility is particularly evident in the construction sector, where it serves multiple purposes, such as aiding in precision painting, sealing and patching, stucco and plastering, and more. The demand for masking tape in the construction industry is underlined by the dynamic landscape of the sector. The construction expenditure in the United States experienced a noteworthy increase, rising from US $16,06,561 million in January 2021 to US $17,96,460 million in Jan 2022. This substantial growth underscores a continuous upward trajectory in spending within the construction industry. Further, the indispensability of masking tape becomes apparent in various intrinsic construction tasks, including painting and covering. Its usage extends to specific applications like spray painting cars or coating UPVC window frames, contributing to its high demand during construction works. This heightened demand is further fueled by the expanding scope of construction projects, where masking tape emerges as an essential tool for achieving precision, efficiency, and quality in various applications. As construction activities continue to thrive and evolve, masking tape remains a crucial component, addressing the diverse needs of industries and contributing significantly to the overall efficiency of construction processes.

It is projected that the masking tape market in North America will grow steadily. 

Pressure-sensitive masking tape provides a clean & professional product without leaving any residue owing to which they are majorly used in the automotive sector during the precise component painting process. Bolstering automotive production in the United States coupled with growing innovations in overall automotive painting & components fabrication process has paved the way for the future market growth of masking tapes in the country. According to the International Organization of Motor Vehicle Manufacturers, in 2022, the United States witnessed 10% growth in its automotive production with the volume reaching 10.06 million units. Additionally, according to the National Automobile Dealers Association, in the first half of 2023, the average number of new vehicles sold in the United States stood at 455 which represented a 12.6% increase over 2022 for the same period.  Moreover, masking tapes besides automotive also find applicability in consumer electronics and construction sectors both of which witnessing bolstering growth in the United States. For instance, according to the US Census Bureau, during the first eleven months of 2023, total construction spending stood at US$1,817.1 billion which signified a 6.2% increase over US$1,711.1 in 2022 for the same period. Likewise, according to the same source, in November 2023, new manufacturing orders for computers and electronics products stood at US$24,792 million which represented a 3.6% increase in orders obtained in November 2022.

Furthermore, the well-established presence of major masking tape providers in the United States such as 3M shares an extensive product offering for major sectors such as automotive, aerospace, and electronics. This factor coupled with investments in new product launches and strategic collaborations is acting as an additional driving factor for US masking tape market growth.

Segmentation:

By Coating Technology:

• Solvent-Based
• Hot-Melt-Based
• Water-Based
• Others

By End-User Industries:

• Consumer Electronics
• Travel and Transportation/Logistics
• Healthcare
• Construction
• Automotive
• Others

By Geography

• North America
• By Coating Technology
• By End-User Industry
• By Country
• United States
• Canada
• Mexico
• South America
• By Coating Technology
• By End-User Industry
• By Country
• Brazil
• Argentina
• Others
• Europe
• By Coating Technology
• By End-User Industry
• By Country
• Germany
• France
• UK
• Italy
• Others
• Middle East and Africa
• By Coating Technology
• By End-User Industry
• By Country
• Saudi Arabia
• Israel
• Others
• Asia Pacific
• By Coating Technology
• By End-User Industry
• By Country
• China
• Australia
• Japan
• South Korea
• India
• Others