by Masking tape, also known as painter’s tape, is a type of pressure-sensitive tape made with a thin and easy-to-tear paper backing. It is available in various widths and is used for masking surfaces prior to spraying, coating, or painting. The tape is commonly used in construction, painting, graphic arts, and automotive applications to protect adjacent surfaces. It allows easy removal without leaving residue or damaging the surface underneath.
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 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The India masking tape market is primarily driven by increasing demand from the construction industry. Masking tapes are extensively used in construction sites for masking doors, windows, floors and other surfaces before painting walls or surfaces. They provide an effective and low-cost solution for masking surfaces during construction activities. Furthermore, rapid urbanization and infrastructure development in India has fueled the growth of the construction sector in the country. According to Invest India, the urban population in India is expected to rise from 34% in 2017 to 50% by 2050. This is expected to create significant demand for residential and commercial construction which in turn will boost the sales of masking tapes in the coming years.
SWOT Analysis
Strength: The India masking tape market is expected to witness significant growth over the forecast period owing to rising infrastructure activities and construction projects in the country.
Weakness: Low brand awareness about advantages of specialized masking tapes can restrain the market growth.
Opportunity: Growth in automotive industry and increase in vehicle production in India creates opportunities for masking tape manufacturers.
Threats: Threat of substitution from other adhesive tapes can hinder the growth of India masking tape market.
Key Takeaways
The Global India Masking Tape Market Size 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 2023-2030.
Regional analysis: The India masking tape market is dominated by the western region owing to presence of various manufacturing units in this region especially in Maharashtra and Gujarat states. The southern region is the fastest growing market for masking tapes due to increasing investments in infrastructure projects.
Key players related content comprises
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, 8×8 Inc., AT&T Inc., Voxvalley Technologies, Avaya Inc., Bandwidth Inc. (Bandwidth.com), Wazo Communication Inc., and IntelePeer Cloud Communications. The key players focus on new product development and expansion strategies to gain significant share in the market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
