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India Reflective Tapes Market Size, Share & Trends Analysis Report by Application (Automobile, Building & Construction, Clothing, Others), Product (Engineer Grade Glass Bead Reflective Tape, High Intensity Glass Bead Reflective Tape), and Segment Forecasts, 2023-2030

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    Report

  • 60 Pages
  • November 2023
  • Region: India
  • Grand View Research
  • ID: 5914499
Description Jump to:
The India reflective tapes market size is expected to reach USD 340.5 million by 2030, registering a CAGR of 2.4% from 2023 to 2030, according to the report. Increasing product usage in automobiles, driveways, airports, shipyards, home appliances, and safety clothing is expected to propel the market.

Specific regulations regarding the use of reflective materials for vehicles, by the Regional Transport Office (RTO), to avoid accidence is estimated to bolster the demand for the product in automotive applications. In addition, several regulations from the Indian government for enhancing safety in Indian roadways and industrial facilities is anticipated to escalate the growth of the market.

Rising traffic management complications coupled with increasing number of road accidents have led the Indian government to improve country’s road infrastructures, thereby enhancing safety for both vehicles and people. Repair and maintenance are considered as the primary need in the present scenario, which is projected to boost the demand for illuminating reflective strips over the forecast period.

Industry participants compete on the basis of advanced technological innovations and new product development. In addition, companies dominate buyer’s power concerning to prices and availability of raw material for manufacturing final products, which comply with governmental regulations.

India Reflective Tapes Market Report Highlights

  • Engineer grade glass bead reflective tapes are poised to witness a CAGR of 2.8% during the forecast period, on account of properties such as less reflective, affordable, and reflection of light back at a wider angle as compared to other tapes
  • Major players in the industry are marketing their products by providing extensive product portfolio for catering to demand from diverse sectors, thereby obtaining a competitive edge in the market.
  • The demand for non-metalized micro-prismatic reflective tapes is estimated to witness a CAGR of 2.3% during the forecast period. They are likely to experience significant growth over the coming years owing to their ability to withstand harsh conditions
  • The clothing application segment is expected to expand at a CAGR of 1.6% owing to surging demand for personal protective clothing

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Application
1.1.2. Product
1.1.3. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. Internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Application outlook
2.2.2. Product outlook
2.3. Competitive Insights
Chapter 3. India Reflective Tape Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Industry opportunities & challenges
3.6. India Reflective Tape Market Analysis Tools
3.6.1. Industry analysis - Porter’s Five Forces
3.6.1.1. Supplier power
3.6.1.2. Buyer power
3.6.1.3. Substitution threat
3.6.1.4. Threat of new entrant
3.6.1.5. Competitive rivalry
3.6.2. PESTEL analysis
3.6.2.1. Political landscape
3.6.2.2. Technological landscape
3.6.2.3. Economic landscape
3.6.2.4. Social landscape
3.6.2.5. Environmental landscape
3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies
Chapter 5. India Reflective Tape Market: Application Estimates & Trend Analysis
5.1. India Reflective Tape Market: Key Takeaways
5.2. India Reflective Tape Market: Application Movement & Market Share Analysis, 2022 & 2030
5.3. Automobile
5.3.1. Automobile market estimates and forecasts, 2018 to 2030 (Million Square Meters, USD Million)
5.4. Building & Construction
5.4.1. Building & construction market estimates and forecasts, 2018 to 2030 (Million Square Meters, USD Million)
5.5. Clothing
5.5.1. Clothing market estimates and forecasts, 2018 to 2030 (Million Square Meters, USD Million)
5.6. Others
5.6.1. Others market estimates and forecasts, 2018 to 2030 (Million Square Meters, USD Million)
Chapter 6. India Reflective Tape Market: Product Estimates & Trend Analysis
6.1. India Reflective Tape Market: Key Takeaways
6.2. India Reflective Tape Market: Product Movement & Market Share Analysis, 2022 & 2030
6.3. Engineer Grade Glass Bead Reflective Tape
6.3.1. Engineer grade glass bead reflective tape market estimates and forecasts, 2018 to 2030 (Million Square Meters, USD Million)
6.4. High Intensity Glass Bead Reflective Tape
6.4.1. High intensity glass bead reflective tape market estimates and forecasts, 2018 to 2030 (Million Square Meters, USD Million)
6.5. Metalized Micro-Prismatic Reflective Tape
6.5.1. Metalized micro-prismatic reflective tape market estimates and forecasts, 2018 to 2030 (Million Square Meters, USD Million)
6.6. Non Metalized Micro-Prismatic Reflective Tape
6.6.1. Non metalized micro-prismatic reflective tape market estimates and forecasts, 2018 to 2030 (Million Square Meters, USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Market Participant Categorization
7.2.1. Sha Kundanmal Misrimal
7.2.1.1. Company overview
7.2.1.2. Financial performance
7.2.1.3. Product benchmarking
7.2.1.4. Strategic initiatives
7.2.2. AVANTIKA ELCON Pvt. Ltd.
7.2.2.1. Company overview
7.2.2.2. Financial performance
7.2.2.3. Product benchmarking
7.2.2.4. Strategic initiatives
7.2.3. 3M
7.2.3.1. Company overview
7.2.3.2. Financial performance
7.2.3.3. Product benchmarking
7.2.3.4. Strategic initiatives
7.2.4. Shiva Industries
7.2.4.1. Company overview
7.2.4.2. Financial performance
7.2.4.3. Product benchmarking
7.2.4.4. Strategic initiatives
7.2.5. Kohinoor Enterprises
7.2.5.1. Company overview
7.2.5.2. Financial performance
7.2.5.3. Product benchmarking
7.2.5.4. Strategic initiatives
7.2.6. HS Tapes
7.2.6.1. Company overview
7.2.6.2. Financial performance
7.2.6.3. Product benchmarking
7.2.6.4. Strategic initiatives
List of Tables
Table 1 List of abbreviations
Table 2 India reflective tape market, by application, 2018 - 2030 (Million Square Meters, USD Million)
Table 3 India reflective tape market, by product, 2018 - 2030 (Million Square Meters, USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 India reflective tape: Market outlook
Fig. 9 India reflective tape: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 India reflective tape market driver impact
Fig. 15 India reflective tape market restraint impact
Fig. 16 India reflective tape market strategic initiatives analysis
Fig. 17 India reflective tape market: Application movement analysis
Fig. 18 India reflective tape market: Application outlook and key takeaways
Fig. 19 Automobile market estimates and forecasts, 2018 - 2030
Fig. 20 Building & construction market estimates and forecasts, 2018 - 2030
Fig. 21 Clothing market estimates and forecasts, 2018 - 2030
Fig. 22 Others market estimates and forecasts, 2018 - 2030
Fig. 23 India reflective tape market: Product movement analysis
Fig. 24 India reflective tape market: Product outlook and key takeaways
Fig. 25 Engineer grade glass bead reflective tape market estimates and forecasts, 2018 - 2030
Fig. 26 High intensity glass bead reflective tape market estimates and forecasts, 2018 - 2030
Fig. 27 Metalized micro-prismatic reflective tape market estimates and forecasts, 2018 - 2030
Fig. 28 Non metalized micro-prismatic reflective tape market estimates and forecasts, 2018 - 2030
Fig. 29 India market estimates and forecasts, 2018 - 2030
Fig. 30 India market estimates and forecasts, 2018 - 2030

Companies Profiled

  • Sha Kundanmal Misrimal
  • AVANTIKA ELCON Pvt. Ltd.
  • 3M
  • Shiva Industries
  • Kohinoor Enterprises
  • HS Tapes

Methodology

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Table Information

Report AttributeDetails
No. of Pages60
PublishedNovember 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 280.7 Million
Forecasted Market Value ( USD ) by 2030 $ 340.5 Million
Compound Annual Growth Rate2.4%
Regions CoveredIndia
No. of Companies Mentioned6

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About the Reflective Tapes Market

Reflective tapes, known for their high visibility and reflective properties, play a specialized role in the market for stationery and greeting cards. These tapes are used to enhance the aesthetic appeal of handmade cards and scrapbooking projects, providing a unique, eye-catching element that reflects light. They are also employed as a functional design feature that can improve the visibility of invitations, envelopes, and greeting cards in low light conditions, a novelty for events such as parties and weddings. The market for reflective tapes in the stationery sector is driven by consumer demand for personalized and distinctive paper goods, with hobbyists and professional designers alike seeking innovative materials to differentiate their creations. Reflective tape products in the stationery and greeting card market are often available in a variety of colors and patterns, allowing for creative flexibility and customization. These tapes are typically used in a complementary fashion, accentuating specific design elements or text, and may often be found alongside other decorations such as glitter, stickers, or ribbons. Companies in the reflective tape market catering to stationery and greeting cards include 3M, Avery Dennison, Oralite (a brand by Orafol), and Reflexite, which is a part of the Orafol Group. Other players include Artskills and Duck Brand, which offer a variety of craft tapes, including reflective options, that appeal to the DIY market. Show Less Read more

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