Global Fine Line Striping Tape Market - 2021-2028
Fine Line Striping Tape Market Overview
The global fine line striping tape market size was worth US$ XX million in 2020 and is estimated to reach US$ XX million by 2028, growing at a CAGR of XX % during the forecast period (2021-2028).
Fine line striping tape is pressure-sensitive, removable thin adhesive tape. It is engineered to create a fine line quickly and easily, without bleed. It is available in various colors and width according to the need. The automotive painting industry commonly uses it for detailing and graphic painting. It saves time and creates a precise fine line. Fine line striping tape resists strong solvents and paints in challenging conditions with its design. Fine line striping tape is also used to apply powder coating masking, which requires high temperature.
By material type, the fine line striping tape market is segmented into polypropylene, polyvinyl chloride, polyethylene, paper, Kraft paper and others. Polypropylene is expected to dominate the segment because of its extensive properties and applications.
Fine Line Striping Tape Market Dynamics
The increasing attention towards the detailing and designing of automotive
The designing trend in the automotive industry is developing, and automotive manufacturers are focusing on the exterior of the vehicles, which looks more appealing and easily grabs the attention of people. Fine Line Striping Tape saves time and maintains fine lines for precise auto body paint striping. With this, auto body professionals no longer need to spend extra shop time masking for detailed paint striping jobs.
Companies are into innovating and developing new kinds of fine line striping tape. For instance, 3M introduced Scotch® Fine Line Striping Tape. It is a specially-engineered 1-inch wide tape, pre-slit - auto body technicians apply the tape and easily pull out up to eight 1/16-inch wide strips to expose paintable areas. A film backing won't allow the paint to soak through, and the adhesive prevents bleed without leaving residue.
Therefore, the automotive coating has become sophisticated and efficient with the use of fine line striping tape. It provides an easy and cost-efficient way to provide a limitless variety of designs. Fine line striping tape helps in delivering customer satisfaction with its aesthetic look and design.
Stringent environmental regulations regarding the Volatile Organic Compounds (VOC) emissions
Environmental regulations and specifications from international bodies, federal state, local governments and different NGOs are becoming prevalent. For instance, CARB (California Air Resources Board) regulations and LEED (Leadership in Energy and Environmental Design) certification requirements are required at the forefront of regulatory issues involving adhesives.
However, introduction of paper and bioplastic based striping tape which is considered to be stable, safe, and ecofriendly is likely to gain popularity, owing to rising awareness regarding environmentally safe products.
Fine Line Striping Tape Market Segment Analysis
By material type, the fine line striping tape market is segmented into polypropylene, polyvinyl chloride, polyethylene, paper, kraft paper and others.
Polypropylene is expected to dominate the segment because of its extensive properties and applications.
Polypropylene is one of the most used plastics in the world. It is rigid, fatigue resistant and elastic, used widely today for domestic and industrial applications. In 2020, as per Adreco Plastics, global demand for polypropylene was estimated at approximately 45 metric tons and expected to rise exponentially.
Moreover, polypropylene is waterproof and extremely resistant to moisture absorption. Companies are into manufacturing tape made up of polypropylene. For instance, 3M introduced Scotch® Fine Line Tape 218. It is a high-performance polypropylene plastic tape with high adhesion for painting long straight lines and sweeping curves where a crisp, sharp paint line is desired.
Fine Line Striping Tape Market Geographical Analysis
Based on the geography, the fine line striping tape market is segmented into North America, Europe, South America, Asia-Pacific, and Middle East & Africa.
Asia-Pacific dominates fine line striping tape market with the growing construction and infrastructure industries in countries like China and India
Asia-Pacific region dominates the market share with growing construction activities in countries such as China, India and other ASEAN Countries. For instance, the Chinese government has massive construction plans, including making provisions for the movement of 250 million people to its new megacities during the next ten years. As per the National Bureau of Statistics (NBS), real estate investment in China rose 7.0% in 2020 from a year earlier, accelerating from a 6.8% gain in the first 11 months of the year.
In 2017, the Indian government announced an investment worth USD 31,650 billion to construct 100 cities under the smart cities plan. Over the five years, one hundred smart cities and 500 cities are likely to invite investments worth ~USD 28.18 billion. Approximately, 9% of India's GDP is spent on infrastructural services. India's government has given enormous momentum to the infrastructural sector by allocating ~USD 92.22 under the Union Budget 2018-2019.
Hence, with the growing construction activities and infrastructure, fine line stripin tape demand is expected to increase over the forecast period rapidly.
Fine Line Striping Tape Market Competitive Landscape
The fine line striping tape market is moderately competitive with presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include 3M, PPM Industries SpA, PIONEER CORPORATION, Shenzhen Xinst Technology Co.,Ltd, Ajit Industries Pvt. Ltd., JTAPE LTD Decofix Papers & Tapes, Tape India, BINDAL STORE, VITS TECHNOLOGY GMBH among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the Fine Line Striping Tape market globally.
Overview: 3M is an American multinational conglomerate corporation operating in worker safety, health care, and consumer goods. The company is headquartered in Maplewood, Minnesota, U.S.
Product Portfolio: 3M offers Scotch® Fine Line Tape 218. It is a high-performance polypropylene plastic tape with high adhesion for painting long straight lines and sweeping curves where a crisp, sharp paint line is desired.
The global fine line striping tape market report would provide an access to an approx. 61 market data table, 55 figures and 180 pages.
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