The USA masking tape market is estimated to be valued at US$213.401 million in 2019. Masking tape is a paper tape that is lightly adhesive and easy to tear. It can be employed and removed smoothly without leaving marks or inducing damage. Masking tape, also known as painter's tape, is designed for use in painting to conceal off areas that should not be painted. One of the primary reasons for the growth of the USA masking tape market is the expansion of the building and construction industry. Moreover, the growing demand from various end-user industries is also likely to push the market forward during the forecast period.
The rise of the USA masking tape market is majorly due to increasing demand from the construction and automotive industries.
Masking tapes are used for painting purposes in the building and construction industries. According to the Associated General Contractors of America, the construction industry employs over 7 million people. It produces nearly $1.4 trillion in structures each year. Moreover, in July 2021, the United States Department of Transportation announced plans to invest $906 million in America's infrastructure through its INFRA discretionary grant program. Such developments are expected to propel the demand for masking tape in the country.
In addition, masking tapes designed to withstand high temperatures have found widespread use in the protection of automotive engines, which frequently overheat in a short period. Rising used car sales are also driving up demand for masking tapes, which are required for vehicle customization. According to the U.S. Department of Energy's Vehicle Technologies Office, light-duty vehicle sales in the United States totaled 16.965 million units in 2019.
By state, California is anticipated to witness a significant growth rate during the forecast period.
The USA masking tape market is segmented into California, Texas, Ohio, Pennsylvania, and others based on state. California is expected to hold a notable share in the market due to increased demand from the automotive, healthcare, consumer electronics, and construction industries. For instance, in December 2021, the California Transportation Commission (CTC) assigned more than $495 million for initiatives to repair and enhance California's transportation infrastructure. Such investments in the state will boost the construction sector, which will further raise demand for masking tape during the anticipated period. Texas and Ohio are also expected to grow at a notable CAGR in the coming years.
The Covid-19 pandemic had a varied impact on the USA masking tape market. For instance, the automotive sector witnessed a decline due to supply chain disruptions and containment measures imposed by the government. According to the Bureau of Economic Analysis, the SAAR fell to nearly 12.8 million light vehicle units in November 2021, down from 12.95 million units in October 2021. This affected the demand for masking tapes in the sector.
|Market size value in 2019||US$213.401 million|
|Growth Rate||CAGR of during the forecast period|
|Forecast Unit (Value)||USD Million|
|Segments covered||Coating Technology, End-User, And State|
|Regions covered||California, Texas, Ohio, Pennsylvania, Others|
|Companies covered||3M, NITTO DENKO CORPORATION, Avery Dennison Corporation, tesa SE, Intertape Polymer Group, Shurtape Technologies LLC, LINTEC Corporation|
|Customization scope||Free report customization with purchase|
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Scope of the Study
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.2.1. Increase in Construction and Automotive Investments
4.2.2. Growth in the Consumer Electronics Industry
4.3.1. Volatility in Raw Material Prices
4.3.2. Economic Slowdown
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
5. USA MASKING TAPE MARKET BY TECHNOLOGY
5.3. Hot-Melt Based
6. USA MASKING TAPE MARKET BY END USER
6.2. Consumer Electronics
6.5. Travel & Transportation/Logistics
7. USA MASKING TAPE MARKET BY STATE
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1.2. Products and Services
9.2. Nitto Denko Corporation
9.2.2. Products and Services
9.3. Avery Dennison Corporation
9.3.2. Products and Services
9.3.4. Key Developments
9.4. Tesa Se
9.4.2. Products and Services
9.4.4. Key Developments
9.5. Intertape Polymer Group
9.5.2. Products and Services
9.5.4. Key Developments
9.6. Shurtape Technologies LLC
9.6.2. Products and Services
9.6.3. Key Developments
9.7. Lintec Corporation
9.7.2. Products and Services
LIST OF TABLES
LIST OF FIGURES
NITTO DENKO CORPORATION
Avery Dennison Corporation
Intertape Polymer Group
Shurtape Technologies LLC
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