Masking Tape Market Status, Demand and Competitive Landscape till 2023
The Global Masking Tape Market is subject to witness a substantial growth due to the robust growth in the building & construction industry and increasing number of infrastructural projects. Favorable government initiatives and increasing funding from local government authorities for development of various infrastructural projects such as smart city projects, particularly in the Asia Pacific region are expected to favor market growth of masking tape industry in the upcoming years. Globally, the masking tape market is predicted to grow at CAGR of 5.2% over the next seven years, providing numerous opportunities for market players to invest for research and development in the masking tape industry. Masking tape, commonly referred as painter's tape, is largely used in packaging as well as construction industry. Masking tape is considered as a type of pressure-sensitive tape that is manufactured from a thin and easy-to-tear paper. Masking tape is used along with a pressure-sensitive adhesive. Masking tape are found in variety of widths.
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