India Paints and Coatings Market size was valued at USD 14.53 Billion in 2023 and the total India Paints and Coatings Market revenue is expected to grow at a CAGR of 9.13% from 2024 to 2030, reaching nearly USD 26.78 Billion by 2030.
India Paints and Coatings Market Overview:
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the India Paints and Coatings Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the India Paints and Coatings market by thorough analysis, and projections are made up to 2030.
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India Paints and Coatings Market Scope and Methodology:
The India Paints and Coatings market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the India Paints and Coatings market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.
Also, the research offers detailed insights into the dynamics of the India Paints and Coatings market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional India Paints and Coatings market were developed. The study provides a thorough value chain analysis that clarifies the India Paints and Coatings production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the India Paints and Coatings market on a global and micro level.
India Paints and Coatings Market Segmentation:
by Resin Type
Acrylic Resins
Alkyd
Epoxy
Polyester
Others (Silicone, Polyolefin, etc.)
Because epoxy resins use less energy than conventional heat-cured powder coatings, the paint & coating industry uses them extensively on heavy-duty metal substrates. Epoxy resin-based paints and varnishes are also thought to be more eco-friendly than those made with other chemicals. Epoxy resin-based paints and coatings are utilized in water treatment facilities, swimming pools, tank lining, wet rooms, waterproofing, ornamental finishes, and wall coatings for food manufacturing and storage.
by Technology
Water-Based Technology
Solvent-Based Technology
Powder Coatings
UV Cured Coatings
The paint and coatings market in India is dominated by solvent-based technologies. During the curing process, solvent-borne coatings are less susceptible to external factors like temperature. Because solvent-borne coatings cure successfully through a chemical interaction between air oxygen and the chemical constituents, they produce excellent results even when applied in humid situations. However, because of government regulations on the emission of volatile organic compounds (VOCs) and their detrimental effects on human health, manufacturers and other players are searching for environmentally preferable alternatives, which is limiting the growth of the solvent-borne industry.
by Paint Category
Decorative
Industrial (Application and types)
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India Paints and Coatings Market Key Players:
1. Asian Paints (Mumbai)
2. Kansai Nerolac Paints Ltd. (Mumbai)
3. Berger Paints India Ltd. (Kolkata)
4. Akzo Nobel India Ltd. (Gurugram)
5. Shalimar Paints Ltd. (Gurugram)
6. Nippon Paint India Pvt. Ltd. (Chennai)
7. Jotun India Pvt. Ltd. (Pune)
8. Indigo Paints Ltd. (Pune)
9. Pidilite Industries Ltd. (Mumbai)
10. British Paints (New Delhi)
11. Snowcem Paints (Mumbai)
12. Sheenlac Paints (Chennai)
13. Ess Ess Paints Pvt. Ltd. (New Delhi)
14. BASF India Ltd. (Mumbai)
15. Apollo Paints Pvt. Ltd. (Hyderabad)
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India Paints and Coatings Market Regional Insights :
The size and trends in the India Paints and Coatings market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).
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Key questions answered in the India Paints and Coatings Market are:
- What is India Paints and Coatings ?
- What was the India Paints and Coatings market size in 2023?
- Which are the factors expected to drive the India Paints and Coatings market growth?
- Who are the leading companies and what are their portfolios in India Paints and Coatings Market?
- What growth strategies are the players considering to increase their presence in India Paints and Coatings ?
- What are the upcoming industry applications and trends for the India Paints and Coatings Market?
- What will be the CAGR at which the India Paints and Coatings market will grow?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the India Paints and Coatings Market?
- What are the different segments of the India Paints and Coatings Market?
- What is the growth rate of the India Paints and Coatings Market?
- What segments are covered in the India Paints and Coatings Market?
- Who are the key players in the India Paints and Coatings market?
- What are the key challenges and opportunities in the India Paints and Coatings market?
- Which application holds the highest potential in the India Paints and Coatings market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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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