Global Paper Masking Tapes Market is valued approximately USD 2 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.4 % over the forecast period 2022-2028.
Paper masking tapes are a form of pressure-sensitive tape that is constructed of a thin, easy-to-tear paper and a pressure-sensitive adhesive that is readily disengaged. It comes in a number of different widths. It’s mostly utilized in painting to hide regions that shouldn’t be painted. The expansion of the building & construction sector across the world and increasing demand in sectors like building & construction, automotive has led the adoption of Paper Masking Tapes across the forecast period.
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Increasing construction activity directly result in surging the demand for Paper masking tapes. For Instance: as per the government of India construction sector is likely to grow in double digits at 10.7 percent in FY22 in a rebound from a contraction of 8.6 percent last year and in Brazil from January to November 2020, cement production in Brazil amounted to 56.3 million metric tons represent the pace of construction activity. Also, with the increasing adoption in healthcare packaging and surge in adoption as an alternative to plastic tape, the adoption & demand for Paper Masking Tapes is likely to increase the market growth during the forecast period. However, stringent laws regarding environment and economic slowdown in application industries during pandemic impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Paper Masking Tapes Market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the rapid growth of the building and construction industry. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate CAGR over the forecast period 2022-2028. Factors such as rapid urbanization and staggering infrastructural development would create lucrative growth prospects for the Paper Masking Tapes Market across Asia-Pacific region.
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Major market player included in this report are:
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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