India Reflective Tape Market Analysis Report By Application (Automobile), By Product (Metalized, Non-Metalized Micro Prismatic, Engineer Grade, High Intensity Glass Bead), And Segment Forecasts, 2019 - 2025

Published: Feb, 2019 | Pages: 60 | Publisher: Grand View Research
Industry: Materials | Report Format: Electronic (PDF)

The India reflective tapes market size is likely to reach USD 304.9 million by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 2.7% during the forecast period. 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.

Further key findings from the report suggest:

• Engineer grade glass bead reflective tapes are poised to witness a CAGR of 3.0% 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

• The automobile segment is estimated to register a CAGR of 2.8% from 2018 to 2025, owing to growing mandates by the Indian government regarding the application of reflective tapes in automobiles in order to increase passenger safety

• 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.

• Metalized micro-prismatic reflective tapes were valued at USD 61.9 million in 2017. 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 1.9% owing to surging demand for personal protective clothing

 Table of Contents

Chapter 1 Methodology and Scope
                   1.1 Research methodology
                   1.2 Research scope & assumptions
                   1.3 List of Data Sources

Chapter 2 Executive Summary

Chapter 3 Market Variables, Trends, and Scope
                   3.1 Market segmentation
                   3.2 Market size and growth prospects
                   3.3 India reflective tapes value chain analysis
                   3.4 Technological Landscape
                   3.5 Regulatory framework
                   3.6 Raw Material Trends
                       3.6.1 Import-Export Analysis
                   3.7 India reflective tapes market dynamics
                       3.7.1 Market driver analysis
                           3.7.1.1 Growing demand for high visibility fabric
                           3.7.1.2 Increasing use of reflective tapes in the automotive and road infrastructure industry
                       3.7.2 Market restraint analysis
                           3.7.2.1 Strict guidelines for selection of retro reflective sheeting and tapes for road sign boards
                   3.8 Key opportunities - Prioritized
                   3.9 Industry analysis- Porter's
                   3.10 Reflective material - PESTEL analysis

Chapter 4 India Reflective Tapes Market: Product Estimates & Trend Analysis
                   4.1 India reflective tapes market share by product, 2017 & 2025
                   4.2 Engineer Grade Glass Bead Reflective Tape
                       4.2.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
                   4.3 High Intensity Glass Bead Reflective Tape
                       4.3.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
                   4.4 Metalized Micro-Prismatic Reflective Tape
                       4.4.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
                   4.5 Non-Metalized Micro-Prismatic Reflective Tape
                       4.5.1 Market estimates and forecasts, 2014 - 2025 (USD Million)

Chapter 5 India Reflective Tapes Market: Application Estimates & Trend Analysis
                   5.1 India reflective tapes market share by application, 2017 & 2025
                   5.2 Automobile
                       5.2.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
                   5.3 Building & Construction
                       5.3.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
                   5.4 Clothing
                       5.4.1 Market estimates and forecasts, 2014 - 2025 (USD Million)
                   5.5 Others
                       5.5.1 Market estimates and forecasts, 2014 - 2025 (USD Million)

Chapter 6 Competitive Landscape
                   6.1 Heat Map Analysis
                   6.2 Vendor Landscape
                   6.3 Competitive Environment

Chapter 7 Company Profiles
                   7.1 Sha Kundanmal Misrimal
                       7.1.1 Company overview
                       7.1.2 Industries and services catered
                       7.1.3 Product benchmarking
                   7.2 Avantika Elcon Pvt. Ltd.
                       7.2.1 Company overview
                       7.2.2 Industries and services catered
                       7.2.3 Product benchmarking
                   7.3 3M India
                       7.3.1 Company overview
                       7.3.2 Financial performance
                       7.3.3 Industries and services catered
                       7.3.4 Product benchmarking
                       7.3.5 Strategic initiatives
                   7.4 Shiva Industries
                       7.4.1 Company overview
                       7.4.2 Industries and services catered
                       7.4.3 Product benchmarking
                   7.5 Kohinoor Enterprises
                       7.5.1 Company overview
                       7.5.2 Industries and services catered
                       7.5.3 Product benchmarking
                   7.6 HS Tapes
                       7.6.1 Company overview
                       7.6.2 Industries and services catered
                       7.6.3 Product benchmarking
                   7.7 Anuj Enterprises
                       7.7.1 Company overview
                       7.7.2 Industries and services catered
                       7.7.3 Product benchmarking
                   7.8 Metro Moulding Industries Peeragarhi
                       7.8.1 Company overview
                       7.8.2 Industries and services catered
                       7.8.3 Product benchmarking
                   7.9 7M Expo
                       7.9.1 Company overview
                       7.9.2 Industries and services catered
                       7.9.3 Product benchmarking
                   7.10 Euro Tapes Private Limited (Unit of Euro Technologies).
                       7.10.1 Company overview
                       7.10.2 Industries and services catered
                       7.10.3 Product benchmarking

List of Tables

TABLE 1 Regulations related to reflective materials
TABLE 2 Factors influencing retro reflectivity
TABLE 3 Reflective material - Key market driver analysis
TABLE 4 Reflective material rules and regulations
TABLE 5 Reflective material - Key market restraint analysis
TABLE 6 Types of engineering grade sheeting's
TABLE 7 India reflective tapes market estimates and forecast, by product 2014 - 2025 (USD Million)
TABLE 8 Engineer Grade Glass Bead Reflective Tape market estimates and forecasts, 2014 - 2025 (USD Million)
TABLE 9 High Intensity Glass Bead Reflective Tape market estimates and forecasts, 2014 - 2025 (USD Million)
TABLE 10 Metalized Micro-Prismatic Reflective Tape market estimates and forecasts, 2014 - 2025 (USD Million)
TABLE 11 Non-Metalized Micro-Prismatic Reflective Tape market estimates and forecasts, 2014 - 2025 (USD Million)
TABLE 12 India reflective tapes market estimates and forecast, by application, 2014 - 2025 (USD Million)
TABLE 13 India reflective tapes market estimates and forecast in automobile, 2014 - 2025 (USD Million)
TABLE 14 India reflective tapes market estimates and forecast in building & construction, 2014 - 2025 (USD Million)
TABLE 15 India reflective tapes market estimates and forecast in clothing, 2014 - 2025 (USD Million)
TABLE 16 India reflective tapes market estimates and forecast in other applications, 2014 - 2025 (USD Million)
TABLE 17 India Reflective Tapes Market Heat Map Analysis

List of Figures

FIG. 1 India Reflective Tapes- Market segmentation
FIG. 2 India reflective tapes market estimates and forecast, 2014 - 2025 (USD Million)
FIG. 3 India reflective tapes market value chain
FIG. 4 Export Trends (Tons)
FIG. 5 Import Trends (Tons)
FIG. 6 Global primary aluminum production, 2011 - 2017 (Thousand metric tons)
FIG. 7 Global primary aluminum production, by region, 2017
FIG. 8 Global silica production, 2007 - 2017 (Kilo Tons)
FIG. 9 India reflective tapes market dynamics
FIG. 10 India reflective tapes - key opportunities- prioritized (Application segment)
FIG. 11 India reflective tapes - Porter's analysis
FIG. 12 Reflective material - PESTEL analysis
FIG. 13 India reflective tapes market share by product, 2017 & 2025
FIG. 14 India reflective tapes market share by application, 2017 & 2025