How worldwide expansion in masking tape is increasing the construction sector
The rising building and construction sector is at the heart of the worldwide masking tapes market development. In addition to masking areas during painting, these tapes are increasingly being employed in label supplies. Growth in the masking tape market is expected to be driven mostly by the tapes’ adaptability, according to Future Market Insights.
Masking tapes, for example, have been used in the electrical and electronics and shipping and logistics sectors in recent years because of their pressure-sensitive adhesive properties.
History and Forecast of the Masking Tapes Market.
Masking and labeling are only two of the many uses for which the industry has grown steadily over the years. Between 2015 and 2019, the masking tapes market grew by 4.7%, according to FMI.
Masking tapes may be utilized for a variety of reasons because of their mild adhesive capabilities, and end-users don’t have to worry about hurting any surface. Masking tape sales have risen steadily over the last several years as a result of the burgeoning construction industry.
Masking tape sales have been negatively affected by the COVID-19 epidemic, which has lowered industry growth expectations. For the month of November 2020, non-residential construction investment decreased in the United States.
The exceptional crisis produced by a pandemic outbreak in 2020, which also provided substantial hurdles for the masking tapes sector, may be blamed for the decline in construction investment.
Sales of masking tapes are expected to rise as a result of increased demand from the automobile industry. We anticipate this upward trend to continue for the foreseeable future.
What is the impact of A&D and automotive capital investment on growth?
It’s a good time to be a masking tape maker because of the growing automotive and aerospace & defense sectors’ capital expenditure. Nearly 41 million vehicles were sold worldwide in 2020, according to the International Energy Agency.
Automobiles powered by electricity remained a beacon of hope for the industry as it battled to adapt to the COVID-19 effect. Because of this, even though demand for masking tapes decreased, growth for 2020 was still somewhat positive.
Demand for innovative adhesives has increased as attention has shifted to cars that are lighter and run on electricity. Using masking tapes in aircraft is on the rise, thanks to their excellent flammability, adhesion, and dialectic strength.
Companies’ Efforts to Boost Long-Term Profitability
Masking tape makers are adapting to the changing world by offering environmentally friendly products. Often referred to as “eco-tapes,” their appeal is based on their environmental stewardship. They are ideal alternatives to vinyl and polypropylene sticky tape since they have a self-adhesive and gummed surface.
These tapes are sometimes referred to as “sustainably sourced” since they do not sacrifice quality or strength while still being easy to remove from the surfaces to which they adhere. Recyclable tapes may be created from more renewable resources.
Is there a lot of potential in the United States?
U.S. makers of masking tape are taking advantage of the lucrative construction and automobile industries. Masking tape sales in the United States are on the rise as construction investment in both the private and governmental sectors continues to rise.
The strong stickiness and heat resistance of masking tapes makes them very popular in the construction sector. They’re utilized for a variety of applications, but they’re most often employed to protect surfaces during building.
The heat resistance of masking tapes isn’t the only consideration in automotive applications. Masking tapes are often used because they are more durable than other materials and can withstand temperatures that would otherwise be dangerous.
