Masking tape, also known as painter's tape, is a type of pressure-sensitive tape made with a paper or film backing and an easily removable, pressure-sensitive adhesive. It is usable for masking purposes where it is important to protect the surrounding area from paint, dirt, or other applications. Masking tape is primarily used in automotive, construction, and manufacturing industries. It is used to mask off trim pieces and edges before painting surfaces. The rapidly growing construction and automotive sectors in India are driving the demand for masking tapes in the country.
India Masking Tape Market is estimated to be valued at US$ 286.53 Bn in 2024 and is expected to exhibit a CAGR of 11.% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the India Masking Tape are Abeldent Inc., Medicloud, Dentimax LLC, Patterson Dental, Carestream Dental, Inc., Consult-Pro, Ace Dental Software, Dentsply Sirona, Datacon Dental Systems, Planmeca Oy, Danaher, Open Dental Software Inc., Henry Schein, Inc., and Imageworks Corporation. These players are focused on expanding their product portfolios and developing innovative India Masking Tape Market Demand to meet the growing demand from various end-use industries.
There is high potential for market growth owing to increasing infrastructure development and automotive production in India. Masking tape manufacturers should focus on tapping opportunities in the infrastructure, construction, and automotive coating segments.
Major players are eyeing the India market for expansion due to the huge growth potential. Companies are planning to set up manufacturing facilities in India to cater to the local demand and gain a competitive edge over other players.
Market Drivers
- Growing construction activities in India driven by government initiatives such as Smart Cities Mission and Housing for All drive the demand for masking tapes from construction industry.
- Surging automotive production in India supported by product launches, expanding dealer networks and easy finance schemes boost the consumption of masking tapes in the automotive industry.
Market Restrains
- Volatility in raw material prices such as paper and polymers increases the overall production cost of masking tapes.
- Strong competition from local unorganized players poses threat to established brands.
Segment Analysis
The India masking tape market is segmented on the basis of type where paper masking tape dominates the market with around 50% market share. This is because of its easy availability and comparatively lower prices. The paper masking tape is ideal for masking edges and small areas during painting and provides a good balance of strength and cheap cost. The low noise foam tape segment is the fastest growing segment and is expected to expand at a CAGR of 15% during the forecast period. This is due to its ability to provide a clean edge with no damage to the surface and creates a perfect finish for the painters.
Global Analysis
Regionally, South India dominates the India masking tape market with around 30% share due to the presence of large number of paint manufacturing companies. The region is anticipated to witness fastest growth during the forecast period attributable to rapidly growing construction activities across states like Telangana and Karnataka. North India holds the second largest market share on account of significant industrial base in states like Delhi NCR, Haryana and Punjab. The industrial applications are generating high demand for masking tapes from automotive and manufacturing sectors located in these regions.
Gets More Insights on, India Masking Tape Market
About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
Comments
0 comment