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 combines primary and secondary research approaches. It provides a comprehensive study of global and regional market aspects, including size and market share. This comprehensive study provides a deep dive into the dynamics of the India Paints and Coatings market, as well as valuable geographical insights, and so serves as a great reference 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 provides a thorough examination of the India Paints and Coatings market dynamics, including a thorough examination of opportunities, restraints, challenges, and driving forces. The data for the India Paints and Coatings market study was painstakingly gathered and confirmed through primary and secondary research methods.
Primary Research: In close collaboration with identified India Paints and Coatings companies, our Maximize Market Research experts conducted primary research surveys. These interviews provided vital insights into the industry, its developments, and the key players’ opinions. Respondents were also asked about their competitors, which added competitive intelligence to the investigation.
Secondary Research: The list of firms in the India Paints and Coatings industry was obtained through extensive secondary research, which expanded the scope of the report. Furthermore, the paper provides an in-depth examination of the macroeconomic and microeconomic issues that have had a significant impact on the India Paints and Coatings sector’s evolution.
SWOT Analysis: To acquire a better understanding of the industry, we did a SWOT analysis, which helped us to identify the important players’ strengths and weaknesses in the India Paints and Coatings sector. This report provides a thorough perspective of the competitive environment, allowing for a more comprehensive assessment of the market.
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:
- 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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