INDIA MASKING TAPE MARKET ANALYSIS

Masking tape is referred as a type of pressure-sensitive tape which available in a different kinds of widths. It is a pressure-sensitive tape and made up of easy-to-tear paper. It is light weight adhesive which can be easily applied and removed without leaving any marks. In addition, it is used to protect surface areas from blasting, spraying, plating, soldering, coating, polishing, and plating, among others. Moreover, it is applied to surfaces that the operator desires to keep in its existing condition when surface treatments occur in proximity.

Market Dynamics 

Drivers

Rise in demand for masking tape in the packaging industry is boosting the market growth

Rapid growth of food & beverages industry in India is one key drivers of the packaging industry. Thus, the growing preference for packaged food products is bolstering India masking tape growth owing to high usages of masking tape in the packaging applications. In addition, masking tape has several properties including clean removal along with no residue and high temperature resistance. Moreover, it offers excellent flexibility in processed food & beverages packaging applications. Furthermore, it is used in complex packaging applications owing to it offer resistance to solvents and water.

Opportunity

Soaring demand for masking tape in automotive industry

Masking tape is used to protect automobiles from dust, overspray, and other damaging factors while repairing and painting work. In addition, masking tape that is used in automotive industry, is specially designed and provides resistance to high temperatures. In addition, it offers high finishing quality to automobiles, which enhance productivity. Furthermore, masking tape is widely used in several automotive applications including electric insulation, wire harnessing, and automotive body repairs, among others.  Moreover, it is also used in interior parts of automotive, thus the rising demand for masking tape in automotive industry is bolstering the market growth.

Restraints

Disadvantages of masking tape is hindering the market growth

Masking tape have several disadvantages such as it leaves sticky residue that can be difficult for cleaning. In addition, it is not suitable for water-based paints and this is one of the major factors hampering the India masking tape market growth. In addition, the limitations on the sizes available in masking tape is another factor, which is hindering the India masking tape market growth.

Key features of the study:

• This report provides an in-depth analysis of the India masking tape market, market size (US$ Million), and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the India masking tape market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include 3M India, Berger Paints (Deon Tapes Industries Private Limited), Nitto Denko India Private Limited, Ajit Industries Private Limited (AIPL), Adhesive Specialties, Shaktiman Packaging Pvt. Ltd., Klingspor India Pvt. Ltd., Sumaxindia, Asian Paints (Scapa Tapes India Pvt Ltd), Pidilite Industries, S.R. Adhesive Tapes, Tesa Tapes India Pvt. Ltd., Lohmann Adhesive Tapes India Pvt. Ltd., Gomec Industries Pvt. Ltd., Gripking Tapes India Pvt. Ltd.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The India masking tape market report caters to various stakeholders in this industry including investors, suppliers, caffeine manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the India masking tape market

Detailed Segmentation:

• India Masking Tape Market, By Product Type:
  • Single Side
  • Double Side
• India Masking Tape Market, By Material Type:
  • Foam
  • Foil
  • Paper-based
  • Plastics
  • Others
• India Masking Tape Market, By Adhesive Type:
  • Acrylic-based Adhesives
  • Rubber-based Adhesives
  • Others
• India Masking Tape Market, By End-use Industry:
  • Automotive
  • Aerospace
  • Building & Construction
  • Electrical & Electronics
  • Others
• Company Profiles
  • 3M India*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Berger Paints (Deon Tapes Industries Private Limited)
  • Nitto Denko India Private Limited
  • Ajit Industries Private Limited (AIPL)
  • Adhesive Specialties
  • Shaktiman Packaging Pvt. Ltd.
  • Klingspor India Pvt. Ltd.
  • Sumaxindia
  • Asian Paints (Scapa Tapes India Pvt Ltd)
  • Pidilite Industries
  • S.R. Adhesive Tapes
  • Tesa Tapes India Pvt. Ltd.
  • Lohmann Adhesive Tapes India Pvt. Ltd.
  • Gomec Industries Pvt. Ltd.
  • Gripking Tapes India Pvt. Ltd.

*” marked represents similar segmentation in other categories in the respective section.