Growing demand from the infrastructure sector: As a result of the nation’s rapid economic expansion, there is a constant need for new construction, roads, bridges, and dams. This is driving up demand for paints and coatings in India. Over the course of the projection, growing urbanization, discretionary income, and nuclear families are anticipated to fuel the paint and coatings industry’s expansion. However, the price fluctuations of raw materials impede market expansion. The paint and coatings business will provide greater opportunity for research aimed at producing environmentally friendly paints and coatings using natural raw materials such as bio-based polyurethane or biodegradable ingredients.
India Paints and Coatings Market Overview:
Maximize Market Research (MMR) has released an extensive report concerning the India Paints and Coatings Market. This report offers a comprehensive analysis of the India Paints and Coatings Market, drawing from both primary and secondary data sources. It delivers a thorough examination of market size and segment-specific market share in various regions, making it a valuable resource for potential investors.
India Paints and Coatings Market Size is expected to reach US$ 18872.7 Mn. by 2027, at a CAGR of 8.1% during the forecast period.
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India Paints and Coatings Market Report Scope and Research Methodology:
The study provides in-depth analysis of the India Paints and Coatings market at the global, regional, and country levels. It examines the competitive landscape in the India Paints and Coatings industry in depth, focusing into the strategic methods used by prominent competitors. The study includes a list of India Paints and Coatings important rivals, together with information on their revenue, production capacity, sales figures, and global footprint. A SWOT analysis was used to identify the strengths and weaknesses of these significant companies in the India Paints and Coatings business.
The study provides in-depth insights into the India Paints and Coatings market’s dynamics, including drivers, limitations, opportunities, and challenges. A bottom-up approach was used to estimate market sizes at the global and regional levels. Data on market size, market share, geographical insights, market dynamics, key players’ performance, and historical industry data were gathered using both primary and secondary research approaches. The report also includes a full value chain analysis, which explains the India Paints and Coatings manufacturing process in detail, highlighting elements such as raw materials, customers, and distribution networks.
Furthermore, the research includes PORTER analysis, PESTLE analysis, and a market attractiveness evaluation. These tools provide a thorough overview of the India Paints and Coatings market, providing insights at both the macro and micro levels.
India Paints and Coatings Market Drivers:
In the paint and coatings market in India, solvent-based technology is the leading category. Because solvent-borne coatings cure chemically through a reaction between atmospheric oxygen and the chemical ingredients, they are less susceptible to environmental factors like temperature during the curing phase. This means that they can be applied effectively even in humid environments. But because of government regulations on VOC emissions and their harmful impacts on human health, manufacturers and other industry participants are searching for environmentally suitable alternatives, which is slowing the growth of the solvent-borne business.
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India Paints and Coatings Market Segmentation:
India Paints and Coatings Market by Resin:
• Acrylic
• Alkyd
• Epoxy
• Polyester
• Others
India Paints and Coatings Market By Technology:
• Water-Based Technology
• Solvent-Based Technology
• Powder Coatings
• UV Cured Coatings
India Paints and Coatings Market by End Use:
• Architectural
• Automotive
• General Industrial
• Transportation
• Packaging
• Other
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Key Players:
• PPG
• Sherwin-Williams
• AkzoNobel
• Nippon Paint
• RPM
• BASF Coatings
• Axalta Coating Systems
• Kansai (Japan)
• Asian Paints
• Masco
• Jotun
• Hempel
• Daw
• Berger Paints
• DuluxGroup
• Shawcor
• Benjamin Moore
• SK Kaken
• Cromology
• Chugoku Marine
• Hawks Paints & Coatings Pvt Ltd
• Chromaflo Technologies
• ANGUS Chemical Company
• Sunanda Speciality Coatings Pvt. Ltd.
• Wolkem India Limited
Regional Analysis:
- North America (including the United States, Canada, and Mexico)
- European Union (encompassing Germany, France, the United Kingdom, Russia, Italy, and the Rest of Europe)
- Asia-Pacific region (including China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (covering Brazil, Argentina, Colombia, and the Rest of South America)
- Africa and the Middle East (spanning Saudi Arabia, UAE, Egypt, South Africa, and the Rest of the Middle East & Africa)
The study provides comprehensive insights into various development opportunities and challenges in these regions, taking into account different product types, applications, end-users, and countries, among other factors. Additionally, the study encompasses crucial aspects of the India Paints and Coatings market, including sales growth, product pricing and analysis, growth potential, and recommendations for addressing market challenges in these specified areas.
Key Questions Answered in the India Paints and Coatings Market Report are:
- What is India Paints and Coatings ?
- What is the expected CAGR of the India Paints and Coatings market during the forecast period?
- Which region held the largest India Paints and Coatings market share in 2022?
- What are the major drivers of the India Paints and Coatings Market?
- What are the India Paints and Coatings Market segments?
- What factors are expected to challenge the market growth during the forecast period?
Key Offerings:
- A detailed market overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments and sub-segments
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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