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Silicon Masking Tapes Market Dynamics, Segments and Supply Demand 2021 – 2031
Transparency Market Research delivers key insights on the masking tapes market in India. In terms of revenue, the masking tapes market in India is estimated to expand at a CAGR of 5.1% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecast in its report on the masking tapes market in India.
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The emissions of volatile organic compounds (VOCs) during manufacture of these tapes is likely to hamper the masking tapes market in India during the forecast period. The increase in the demand for masking tapes in electrical & electronics and packaging industries is likely to drive the masking tapes market in India in the next decade.
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India Masking Tapes Market: Dynamics
The demand for masking tapes is increasing in the electronics industry in India.
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The electronics industry employs pressure-sensitive tapes and adhesives to install parts directly in devices. The electronic & electrical appliances industry, one of the popular end users of masking tapes, is expanding at a rapid pace.
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Rise in disposable income; change in lifestyles of people; and increase in dependence on the usage of electronic devices are major factors driving the sale of electronic devices in India.
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There exists a prominent trend toward miniaturization of electronic devices, which require use of masking tapes as substitutes for screws and other fasteners. Thus, the demand for masking tapes is expected to be driven by the growth in sales of electronic devices.
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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
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