An Incisive, In-depth Analysis on the Masking Tapes Market
This study offers a comprehensive, 360 degree analysis on the Masking Tapes market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Masking Adhesive Tape market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Building and Construction segment to lead the global coloured masking tape in terms of revenue in the coming decade
In terms of value, the Building and Construction segment is estimated to account for around 40% of the market share over the forecast period and is expected to grow at a CAGR of 5.4%. Due to the construction boom in many parts of the world, the Building and Construction segment is expected to be the most attractive segment during the assessment period. The Automotive end-use industry segment is estimated to be the second largest industry accounting for close to 30% market share of the global masking tapes market during the forecast period and is expected to grow at 5.1% CAGR over the estimated period. However, the Automotive segment is anticipated to lose 60 BPS in its market share. The Automotive segment is estimated to witness an incremental opportunity of more than US$ 800 Mn over the predicted period while the Building and Construction segment is expected to witness an incremental opportunity of more than US$ 1,000 Mn over the calculated period.