The size of the Indian paints and coatings market was estimated at USD 14.53 billion in 2023, and it is anticipated that the market will generate roughly USD 26.78 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.13% between 2024 and 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 analysis in the report provides an in-depth aspect at the current status of the India Paints and Coatings market, with forecasts outspreading to the year 2030.
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India Paints and Coatings Market Scope and Methodology:
The research provides a thorough understanding of the India Paints and Coatings industry, highlights major competitors and their market positioning, and provides an overview of the competitive landscape. It also talks about recent product developments and market trends in technology. For the benefit of businesses, newcomers, and industry participants in the India Paints and Coatings market, comprehensive data on revenue, sales volume, and average pricing is accessible for the whole India Paints and Coatings market and its segments. The examination of the India Paints and Coatings industry reveals current patterns impacting growth and prospects.
Both qualitative and quantitative research are included in the study, with an emphasis on pattern identification, data interpretation, and perceptive observations. A hierarchical method is used to analyse the strategies of leading businesses in the India Paints and Coatings industry, taking into account different market segments and geographical areas. Details on import/export activities, market trends, costs, and pricing are also included in the study.
India Paints and Coatings Market Regional Insights
The India Paints and Coatings market is divided into North America, South America, Europe, the Middle East and Africa, and Asia Pacific, according to regional analysis. Several areas are home to nations such as the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia, and South Korea.
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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.
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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Table of Content: India Paints and Coatings Market
Part 01: Executive Summary
Part 02: Scope of the India Paints and Coatings Market Report
Part 03: Global India Paints and Coatings Market Landscape
Part 04: Global India Paints and Coatings Market Sizing
Part 05: Global India Paints and Coatings Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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?
- What is the growth rate of the India Paints and Coatings Market?
- Which is the fastest-growing region in the India Paints and Coatings market?
- Which are the factors expected to drive the India Paints and Coatings market growth?
- What is the CAGR at which the India Paints and Coatings market will grow during the forecast period?
- What growth strategies are the players considering to increase their presence in India Paints and Coatings?
- What are the upcoming opportunities and trends for the India Paints and Coatings Market?
- What are the different segments of the India Paints and Coatings Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for 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?
- Who are the leading companies and what are their portfolios in India Paints and Coatings Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- 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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