The India Masking Tape Market consists of pressure sensitive tapes used for masking during construction and painting activities. Masking tapes are made of paper, fabric or plastic film backing coated with heat activated or water activated adhesive. They are used for protecting surrounding areas and masking off sections during surface preparation and finishing activities. India Masking Tape Market Demand provide clean and precise lines and shield areas that are not intended to be painted or finished.
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 market are 3M, Shurtape Technologies LLC, Nitto Denko Corp, Scapa Group PLC and Saint-Gobain Performance Plastics Corporation.
The growing demand from the construction and automotive industries is a major factor driving the growth of the India masking tape market. Rapid urbanization and infrastructure development activities are fueling masking tape consumption in the country.
Global players are expanding their presence in the Indian market through partnerships, acquisitions, and by setting up local manufacturing plants. Increased foreign investments and strengthening of domestic manufacturing base is expected to provide opportunities for market expansion.
Market Drivers
The rapid growth of the construction industry in India is a key driver for the masking tape market. According to IBEF, India is expected to become the third largest construction market globally by 2022. Growing residential and commercial construction spending for infrastructure projects, buildings, and housing is increasing the demand for masking tapes used in surface preparation.Paint manufacturers are also using more specialized masking tapes for applications such as automobile refinishing which is fueling market growth.
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