Global Painting Masking Tapes Market Is Expected To Show Significant Growth over

Posted by Fred Williams on April 7th, 2021

The global painting masking tapes market is foretold to expect high growth prospects while riding on the rise of attractive end-use sectors such as automotive and building and construction. Even though general purpose painting masking tapes may not find the same demand in the real estate sector, specialized products such as those used for abrasive blasting could significantly up the growth of the market in the near future. The rise of automotive manufacturing and metal production could concurrently increase the demand for painting masking tapes. The surge in the sales of automobiles due to rising disposable income is expected to make some contribution to the market.

According to experienced researchers, the global painting masking tapes market is foreseen to rise at a CAGR of 5.7% during the forecast period 2017–2022. The market could obtain a revenue valuation of US.3 bn by the end of 2022 after progressing from a US.5 bn achieved in 2017.

Paper Backing Material Stands Out with Colossal Expected Revenue Growth

The world painting masking tapes market is anticipated to be classified into foam, plastic, paper, and others, according to type of backing material. Out of these markets for painting masking tapes, paper is prognosticated to garner a lion’s share by the end of the forecast period. As per the analysts, the paper market could be valued at a US.7 bn by the completion of 2022. The annual absolute growth attained by this segment could surpass that of any other in the same segmentation class. Between 2017 and 2022, paper could grow at a US--content--.1 bn annually.

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