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:
The solvent-based technology sector dominates the Indian paint and coatings market. Solvent borne coatings are less susceptible to environmental conditions such as temperature during the curing phase. Because the former cures effectively as a result of a chemical reaction between atmospheric oxygen and the chemical ingredients, it can be applied even in humid environments. However, due to government regulations on VOC emissions and their negative impacts on human health, manufacturers and players are looking for ecofriendly substitutes, stifling the growth of the solvent-borne industry.
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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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India Paints and Coatings Market 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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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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