India Paints and Coatings Market is expected to reach US$ 18872.7 Mn. by 2027, at a CAGR of 8.1% during the forecast period.To know about the Research Methodology :- Request Free Sample Report Growing demand from infrastructure industry with the rapid economic growth in the country, the demand for roads, bridges, new buildings and dams is continuously increasing, which in turn is boosting the India paints and coatings market. Rising urbanization, disposable income and nuclear families are expected to propel a growth for the paint and coatings industry throughout the forecast. However, the market growth is hindered by the fluctuating raw material price. Research to produce eco-friendly paints and coatings with natural raw materials like bio-based polyurethane or biodegradable materials will have better opportunities in paints and coatings market. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. Epoxy resins are largely used by the paints and coating industry on the heavy duty metal substrates due to its advantages like less energy than that compared to other heat-cured powder coatings. Paints and coatings containing epoxy resins are also considered environmental friendly than other chemicals. Epoxy resin-based paints and coatings are used in wall coatings of food storage and manufacture, swimming pools finishes, seal coats, tank lining, wet rooms, waterproofing and decorative finishes, and water treatment plants. Solvent Based technology is dominating segment in the India paint & coatings market. Solvent borne coatings are less vulnerable to environmental conditions such as temperature during the curing phase solvent borne coatings bring effective results when applied even in humid environments due to the fact that the former cures effectively as a result of a chemical reaction between atmospheric oxygen and the chemical ingredients. However, government regulation on VOCs emission and adverse effects on human health hence, manufacturer and players are looking for ecofriendly substitute thereby restraining the growth solvent borne market. Architectural is major end user segment in India paints & coatings market. Rapid urbanization, and growing construction activities drives the market for architectural segment. Automotive segment to grow at high CAGR during forecast this is due to increasing focus on lightweight vehicle market and shift to electric vehicle.
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India Paints and Coatings Market by Resin:
• Acrylic • Alkyd • Epoxy • Polyester • OthersIndia Paints and Coatings Market By Technology:
• Water-Based Technology • Solvent-Based Technology • Powder Coatings • UV Cured CoatingsIndia Paints and Coatings Market by End Use:
• Architectural • Automotive • General Industrial • Transportation • Packaging • OtherKey Player analyzed in India Paints and Coatings Market:
• 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
India Paints and Coatings Market
1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: India Paints & Coatings market Size, by Market Value (US$ Mn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. India Paints & Coatings Market Analysis and Forecast, by Product 6.1. Introduction and Definition 6.2. Key Findings 6.3. India Paints & Coatings Market Value Share Analysis, by Product 6.4. India Paints & Coatings Market Size (US$ Mn) Forecast, by Product 6.5. India Paints & Coatings Market Analysis, by Product 6.6. India Paints & Coatings Market Attractiveness Analysis, by Product 7. India Paints & Coatings Market Analysis and Forecast, by Form 7.1. Introduction and Definition 7.2. Key Findings 7.3. India Paints & Coatings Market Value Share Analysis, by Form 7.4. India Paints & Coatings Market Size (US$ Mn) Forecast, by Form 7.5. India Paints & Coatings Market Analysis, by Form 7.6. India Paints & Coatings Market Attractiveness Analysis, by Form 8. India Paints & Coatings Market Analysis and Forecast, by Application 8.1. Introduction and Definition 8.2. Key Findings 8.3. India Paints & Coatings Market Value Share Analysis, by Application 8.4. India Paints & Coatings Market Size (US$ Mn) Forecast, by Application 8.5. India Paints & Coatings Market Analysis, by Application 8.6. India Paints & Coatings Market Attractiveness Analysis, by Application 9. India Paints & Coatings Market Analysis 9.1. Key Findings 9.2. India Paints & Coatings Market Overview 9.3. India Paints & Coatings Market Value Share Analysis, by Product 9.4. India Paints & Coatings Market Forecast, by Product 9.4.1. Acrylic 9.4.2. Alkyd 9.4.3. Epoxy 9.4.4. Polyester 9.4.5. Others 9.5. India Paints & Coatings Market Value Share Analysis, by Form 9.6. India Paints & Coatings Market Forecast, by Form 9.6.1. Water-Based Technology 9.6.2. Solvent-Based Technology 9.6.3. Powder Coatings 9.6.4. UV Cured Coatings 9.7. India Paints & Coatings Market Value Share Analysis, by Application 9.8. India Paints & Coatings Market Forecast, by Application 9.8.1. Architectural 9.8.2. Automotive 9.8.3. General Industrial 9.8.4. Transportation 9.8.5. Packaging 9.8.6. Other 10. PEST Analysis 11. Key Development 12. Key Trends 13. Company Profiles 13.1. Market Share Analysis, by Company 13.2. Competition Matrix 13.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 13.2.2. New Product Launches and Product Enhancements 13.2.3. Market Consolidation 13.2.3.1. M&A by Regions, Investment and Applications 13.2.3.2. M&A Key Players, Forward Integration and Backward Integration 13.3. Company Profiles: Key Players 13.4. Asian Paints 13.4.1.1. Company Overview 13.4.1.2. Financial Overview 13.4.1.3. Product Portfolio 13.4.1.4. Business Strategy 13.4.1.5. Recent Developments 1.1.1.1. Manufacturing Footprint 13.5. PPG 13.6. Sherwin-Williams 13.7. AkzoNobel 13.8. Nippon Paint 13.9. RPM 13.10. BASF Coatings 13.11. Axalta Coating Systems 13.12. Kansai 13.13. Masco 13.14. Jotun 13.15. Hempel 13.16. Daw 13.17. Berger Paints 13.18. DuluxGroup 13.19. Shawcor 13.20. Benjamin Moore 13.21. SK Kaken 13.22. Cromology 13.23. Chugoku Marine 13.24. Hawks Paints & Coatings Pvt Ltd 13.25. Chromaflo Technologies 13.26. ANGUS Chemical Company 13.27. Sunanda Speciality Coatings Pvt. Ltd. 13.28. Wolkem India Limited 14. Primary Key Insights