Growing demand from the infrastructure industry Due to the country’s strong economic expansion, the demand for roads, bridges, new buildings, and dams is always expanding, which is boosting the India paints & coatings market. Rising urbanization, discretionary income, and nuclear families are predicted to move the paint and coatings market forward over the projection period. However, market expansion is hampered by shifting raw material prices. Environmentally friendly paints and coatings made from natural raw materials such as bio-based polyurethane or biodegradable ingredients would have better market potential.
India Paints and Coatings Market Overview:
The India Paints and Coatings Market report employs both primary and secondary research methods. It offers a thorough examination of global and regional market parameters such as size and market share. This comprehensive report offers a deep dive into the dynamics of the India Paints and Coatings market as well as significant regional information, making it an excellent resource for 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 research includes an in-depth evaluation of the India Paints and Coatings market dynamics, including opportunities, restraints, challenges, and driving forces. Primary and secondary research approaches were used to collect and confirm the data for the India Paints and Coatings market analysis.
Primary Research: Our Maximize Market Research professionals conducted primary research surveys in close collaboration with designated India Paints and Coatings companies. These interviews provided critical insights into the industry, its evolution, and the perspectives of key participants. Respondents were also asked about their competitors, which enriched the inquiry with competitive intelligence.
Secondary Research: The list of India Paints and Coatings industry firms was collected through significant secondary research, which broadened the scope of the report. Furthermore, the article examines in full the macroeconomic and microeconomic variables that have had a considerable impact on the evolution of the India Paints and Coatings industry.
SWOT Analysis: In order to have a better understanding of the industry, we conducted a SWOT analysis, which assisted us in identifying the key players’ strengths and weaknesses in the India Paints and Coatings sector. This report provides a comprehensive view of the competitive environment, allowing for a more comprehensive market assessment.
India Paints and Coatings Market Drivers:
Epoxy resins are widely utilized in the paint and coating industry on heavy duty metal substrates because they need less energy than other heat-cured powder coatings. Epoxy resin-based paints and varnishes are also considered more environmentally benign than other chemicals. Wall coatings for food storage and manufacturing, swimming pool finishes, seal coats, tank lining, wet rooms, waterproofing and ornamental finishes, and water treatment facilities all use epoxy resin-based paints and coatings.
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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:
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:
Key Offerings:
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