Masking Films Market: Overview
Masking films are used for high-performance applications which is used in various end-use industries which include automotive, industrial, marine and electronics.. Use of masking films enables automotive manufacturers to impart an accurate and unique appearance. Masking films are used for internal and external environments and a range of colors of masking films are available for identification purpose. Masking films manufacturers are providing customized production services through flexible manufacturing practices. Masking films protect the surface from pollution, scratches during the process of production, transportation and installation. Masking films manufacturers cater diverse market segments and produce films for varied applications. Sealing, bundling, labeling and attaching are the prominent applications of masking films.
Masking Films Market: Dynamics
The global packaging industry has undergone significant transformation, during past couple of decades, driven by evolving consumer level and design level trends. Significant improvements have been made in the way products are packaged. Several factors are expected to fuel the growth of the global masking films market. Very high-temperature resistance, easy and clean removal, instant adhesion at touch are some of the prominent factors driving the growth of the global masking films market. With the rise in demand of masking films, manufacturers have been actively innovating their products. This is expected to increase competition and facilitate growth.
Despite the positive factors there are certain factors which hinder the growth of the sales of masking films. Rise in use of nanotechnology in place of masking films has witnessed growth in Research & Development on new technologies to produce advanced protective coatings. In comparison with the masking films these coatings provides anti-corrosion, anti-carbonation and anti-microbial protection coupled with enhanced durability. Overall the global outlook of masking films is expected to remain positive during the forecast period.
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Masking Films Market: Segmentation
The global Masking Films market has been segmented as follows –
On the basis of thickness, the market has been segmented as:
- Up to 25 microns
- 25 microns- 50 microns
- 50 microns – 100 microns
- 100 microns – 150 microns
- Above 150 microns
On the basis of end use, the market has been segmented as:
- Automotive Industry
- Construction and Interior
- Paint Industry
- Industrial
- Healthcare
- Others
On the basis of material, the market has been segmented as :
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Polypropylene (PP)
- Polyurethane (PU)
- Poly Vinyl Chloride (PVC)
- Others
Masking Films Market: Regional Outlook
The Western Europe region is expected to lead the global masking films market, both in terms of production and demand. The Germany masking films market is expected to be the key contributor of the growth of Western Europe masking films market. This is expected to closely follow the Asia Pacific region, which provides the lucrative opportunity for the growth of the global as well as regional masking films market. Emerging countries such as China and India is expected to create lucrative opportunity of the global masking films market. The North America region owing to large consumer retail industry is expected to witness moderate growth in the regional masking films market during the forecast period. The U.S will remain the largest marketplace of masking films, while Canada is expected to register notable growth during the forecast period. The APEJ and Latin America masking films market is poised to witness significant growth during the forecast period. The MEA masking films market is expected to register sluggish growth during the forecast period. Globally, the outlook of masking films is expected to remain positive during the forecast period.
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Key Developments of Masking Films
- In 2014, Nitto Denko Corp launched aircraft anti-corrosion and moisture barrier materials for masking tapes and films to be used in aircraft related products.
- In July 2016, Chargeurs Protective Films acquired the entire capital of Main Tape, Inc., which is one of the leading manufacturers of plastic films for protection of temporary surfaces, from Nekoosa Holdings, Inc.
Masking Films Market: Key Players
Few of the leading players operating in the market are – Shurtape UK Ltd, Corydon Converting, Guangzhou Fuxin Plastic Co.,Ltd, Chargeurs S.A., Nitto Denko Corp and among others.
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