Global Double-Sided Masking Tapes market scope 2024, Forecast To 2033

The double-sided masking tapes market has demonstrated strong growth, increasing from $12.33 billion in 2023 to $13.1 billion in 2024, with a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period is attributed to the demand from the automotive industry, electronics and PCB manufacturing, construction and building applications, industrial and manufacturing needs, and efficient bonding solutions. Expecting strong growth in the next few years, the market is projected to reach $17.25 billion in 2028, boasting a CAGR of 7.1%. The growth in the forecast period can be linked to increased automation in manufacturing, e-commerce and online sales, regulatory compliance, medical and healthcare applications, and renewable energy and solar panel assembly. Major trends in the forecast period include advanced materials and composites, automation in manufacturing, technological innovations, innovative solutions, and strategic partnerships.