What is Paper Tape Market?
Paper taps are made of strong adhesives based on resin as well as silicone solvent. It is used in domestic and commercial applications such as indoor painting and plastering, brushing and spraying air drying paints, masking a variety of metals. In addition, it also provides protection against damage as well as protection against abrasion.
The market study is being classified by Type (High-Temperature Masking Paper Tape, High-Temperature Splicing Paper Tape, Kraft Paper Tape, Paper Masking Tape and Others), by Application (Automotive, Masking, Pack, Protection, Sealing, Splicing and Others) and major geographies with country level break-up.
3M Company (United States), Omni Group (United States), Cyklop (Germany), Winstone Wallboards (New Zealand), Shurtape Technologies,LLC (United States), JV Converting Company,Inc. (United States), Duck Brand (United States), USG Boral (India), FIPAGO (Netherland) and CSR Gyprock (Australia) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Can-Do Nationa (United States), Janson Enterprises (India), Intertape Polymer Group Inc. (Canada), RAJAPACK Ltd (United Kingdom), Uline (United States) and Speciality Tapes Industry (India).
The global paper tape market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Paper Tape market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Paper Tape market by Type, Application and Region.
On the basis of geography, the market of Paper Tape has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Demand for Printed Paper Packaging Tapes
- Rise in Demand for Industrial Painting across the World
Market Trend
- Increasing Number of Customer from Online Channel
Restraints
- Problem regarding Implementation of Stringent Regulatory Policies
Opportunities
- Increasing Middle-Class Population in Emerging Economies
Challenges
- Issue related to Volatility in Raw Material Prices
Key Target Audience
Paper Tape Manufacturers, Regulatory Bodies, Component Suppliers, Distributors and Others