Growth Accelerated By Increasing Application In Automobile Industry And Construction
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| India Masking Tape Market |
Masking tape, also known as painter's tape, is a pressure-sensitive tape made of a thin and easy-to-tear paper and a pressure-sensitive adhesive. Masking tape is used to mask areas that should not be treated (for example, painted or soldered). It can be applied smoothly without leaving residue on the surfaces to which it is applied after removal. The advantages of using masking tape include protection of areas not intended for surface treatment, fast and easy application and removal without damage, and availability in different widths and thicknesses for various applications.
The global India Masking Tape Market is estimated to be valued at US$ 248.72 Mn in 2023 and is expected to exhibit a CAGR of 4.59 % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends driving the India masking tape market growth is its increasing application in the automobile and construction industries. Masking tape is widely used in the automobile industry during painting and coating processes to mask areas that are not intended to be painted such as glass panels, trim components, and others. It provides a protective barrier against overspray and prevents paint from getting into unwanted areas. The growing automobile manufacturing sector in India is driving the demand for masking tapes from this industry. Furthermore, the booming construction industry has also augmented the growth of the masking tape market as it is used throughout construction and remodeling projects for purposes such as protecting various surfaces, holding components in place temporarily during installation, and more. The high growth of the Indian construction industry is expected to propel the India masking tape market during the forecast period.
Segment Analysis
The India masking tape market is dominated by the single-use segment which holds around 60% share of the overall market. This is because single-use masking tapes are affordable and are primarily used for basic applications such as masking windows, doors, and frames before painting. They protect surfaces from paint splatter and drips and are later peeled off after the task is completed.
Key Takeaways
The Global India Masking Tape Market Demand is expected to witness high growth. The global India Masking Tape Market is estimated to be valued at US$ 248.72 Mn in 2023 and is expected to exhibit a CAGR of 4.59 % over the forecast period 2023 to 2030.
Regional analysis
The western region of India dominates the masking tape market with a share of around 35% due to high industrial activities in states such as Maharashtra and Gujarat. Rapid urbanization and infrastructure development projects in cities like Mumbai, Pune, Ahmedabad have increased the consumption of masking tapes in the region. The southern region follows closely behind and is witnessing fastest growth due to expanding automotive and construction industries in states of Tamil Nadu, Karnataka and Telangana.
Key players
Key players operating in the India masking tape market are EnableX.io (VCLOUDX PTE. LTD), Twilio Inc., Infobip Ltd., Vonage Holdings Corp, M800 Limited, MessageBird BV, Iotum Inc., Plivo Inc., Voxbone SA, Snich AB, Telestax, Voximplant (Zingaya Inc.), Mitel Networks Corporation, 8x8 Inc., AT&T Inc., Voxvalley Technologies, Avaya Inc., Bandwidth Inc. (Bandwidth.com), Wazo Communication Inc., and IntelePeer Cloud Communications.
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