As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

India Powder Coatings Market: By Resin Type: Thermoset, Thermoplastic; By Coating Method: Electrostatic Spray, Fluidized Bed; By Application: Appliances, Automotive, Architectural, Furniture, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

India Powder Coatings Market Outlook

The India powder coatings market attained a value of USD 1 billion in 2020. The India powder coatings market is expected to grow at a CAGR of more than 6% in the forecast period of 2021-2026.

 

India Powder Coatings Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

It is expected to reach USD 1.42 billion by 2026. The industry is primarily being driven by the rapid industrialisation as well as the rising urbanisation in the country.

 

Properties and Applications

Powder coating refers to a type of coating which is used as a free-flowing, dry powder. Unlike traditional liquid paint, which is supplied by evaporating solvents, the powder coating is usually applied electrostatically and then cured under pressure. The material may be a thermoplastic or a thermoplastic polymer.

 

India Powder Coatings Market By Coating Method

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The resin types of powder coatings are thermoset and thermoplastic. Thermoset can be further divided into:

  • Epoxy
  • Polyester
  • Epoxy Polyester Hybrid
  • Acrylic

Thermoplastic is further segmented into:

  • Polyvinyl chloride (PVC)
  • Nylon
  • Polyolefin
  • Polyvinylidene Fluoride (PVDF)

Based on the coating methods, the market can be divided into:

  • Electrostatic Spray
  • Fluidized Bed

The product finds wide application in the following segments:

  • Appliances
  • Automotive 
  • Architectural 
  • Furniture 
  • Agriculture, Construction, and Earthmoving equipment (ACE)
  • General Industrial
  • Others

The EMR report looks into the regional markets like North India, South India, East India, and West India.

 

India Powder Coatings Market By Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Market Analysis

The India powder coatings market is majorly being driven by the automotive, furniture, appliances, and other industries, as powders are an essential part of a construction that is damaged, such as spillage, abrasion, and exposure to dust, chemicals, heavy loads, and UV light. The increase in the awareness of the benefits of industrial powder coatings and the development of environmental-compliant powder coatings are also driving the market growth further. Factors such as increased consumer spending, increasing per capita income, changing consumer preferences, and technological advancement is also expected to propel the industry forward. Efficiency and overspray are key factors controlling the economy of the market. Higher utilization rate compared to liquid types is one of the key factors influencing the overall growth of the industry.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the India powder coatings market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions.

  • Akzo Nobel India Ltd. 
  • Berger Paints India Limited [BERGEPAINT (NSE)]
  • Durolac Paints, Inc. 
  • Jotun India Private Limited
  • Maharani Paints Pvt. Ltd.
  • Marpol Private Limited   
  • Ppg Asian Paints Private Limited
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
    1.1    Objectives of the Study
        1.1.1    Research Objective
        1.1.2    Key Findings of the Report
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Cost Structure
    4.5    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    India Powder Coatings Market Analysis
    6.1    India Powder Coatings Historical Market (2016-2020) & Forecast (2021-2026)
    6.2    India Powder Coatings Market Breakup by Resin Type
        6.2.1    Thermoset 
            6.2.1.1    Epoxy
            6.2.1.2    Polyester
            6.2.1.3    Epoxy Polyester Hybrid
            6.2.1.4    Acrylic
        6.2.2    Thermoplastic    
            6.2.2.1    Polyvinyl chloride (PVC)
            6.2.2.2    Nylon
            6.2.2.3    Polyolefin
            6.2.2.4    Polyvinylidene Fluoride (PVDF)
    6.3    India Powder Coatings Market Breakup by Resin Type: Historical Market (2016-2020) & Forecast (2021-2026)
        6.3.1    Thermoset 
            6.3.1.1    Epoxy
            6.3.1.2    Polyester
            6.3.1.3    Epoxy Polyester Hybrid
            6.3.1.4    Acrylic
        6.3.2    Thermoplastic
            6.3.2.1    Polyvinyl chloride (PVC)
            6.3.2.2    Nylon
            6.3.2.3    Polyolefin
            6.3.2.4    Polyvinylidene Fluoride (PVDF)
    6.4    India Powder Coatings Market Breakup by Coating Method
        6.4.1    Electrostatic Spray
        6.4.2    Fluidized Bed
    6.5    India Powder Coatings Market Breakup by Coating Method: Historical Market (2016-2020) & Forecast (2021-2026)
        6.5.1    Electrostatic Spray
        6.5.2    Fluidized Bed   
    6.6    India Powder Coatings Market by Application
        6.6.1    Appliances
        6.6.2    Automotive  
        6.6.3    Architectural 
        6.6.4    Furniture
        6.6.5    Agriculture, Construction, and Earthmoving Equipment (ACE)
        6.6.6    General Industrial
        6.6.7    Others
    6.7    India Powder Coatings Market by Application: Historical Market (2016-2020) & Forecast (2021-2026)
        6.7.1    Appliances
        6.7.2    Automotive  
        6.7.3    Architectural 
        6.7.4    Furniture  
        6.7.5    Agriculture, Construction, and Earthmoving Equipment (ACE)
        6.7.6    General Industrial
        6.7.7    Others 
    6.8    India Powder Coatings Market by Region
        6.8.1    North India
        6.8.2    South India  
        6.8.3    East India 
        6.8.4    West India  
    6.9    India Powder Coatings Market by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        6.9.1    North India
        6.9.2    South India  
        6.9.3    East India 
        6.9.4    West India
7    SWOT Analysis
    7.1    Overview
    7.2    Strengths
    7.3    Weaknesses
    7.4    Opportunities
    7.5    Threats
8    Porter’s Five Forces Analysis
    8.1    Overview
    8.2    Buyer’s Power
    8.3    Supplier’s Power
    8.4    New Entrants
    8.5    Degree of Rivalry
    8.6    Substitutes
9    EMR’s Key Indicators for Demand
10    EMR’s Key Indicators for Price
11    Indian Regional Price Analysis
12    Competitive Landscape & Supplier Analysis

    12.1    Akzo Nobel India Ltd.  
        12.1.1    Company Overview
        12.1.2    Financial Analysis
    12.2    Berger Paints India Limited [BERGEPAINT (NSE)]
        12.2.1    Company Overview
        12.2.2    Financial Analysis
    12.3    Durolac Paints, Inc. 
        12.3.1    Company Overview
        12.3.2    Financial Analysis
    12.4    Jotun India Private Limited
        12.4.1    Company Overview
        12.4.2    Financial Analysis
    12.5    Maharani Paints Pvt. Ltd.
        12.5.1    Company Overview
        12.5.2    Financial Analysis
    12.6    Marpol Private Limited    
        12.6.1    Company Overview
        12.6.2    Financial Analysis
    12.7    Ppg Asian Paints Private Limited
        12.7.1    Company Overview
        12.7.2    Financial Analysis
    12.8    Others
13    Industry Events and Developments

Key Questions Answered in the Report

In 2020, the India powder coatings market attained a value of nearly USD 1 billion.

The market is estimated to expand at a CAGR of more than 6% between 2021 and 2026.

The major drivers of the market include the rapid industrialisation as well as the rising urbanisation in India.

The rising awareness of the benefits of industrial powder coatings and the development of environmental-compliant powder coatings are expected to be the key trends guiding the growth of the industry.

Thermoset and thermoplastic are the major resin-types of the product in the market. While the thermoset segment is further divided into epoxy, polyester, epoxy polyester hybrid, and acrylic, the thermoplastic segment is sub-divided into polyvinyl chloride (PVC), nylon, polyolefin, and polyvinylidene fluoride (PVDF).

Electrostatic spray and fluidised bed are the different coating methods available in the industry.

Appliances, automotive, architectural, furniture, agriculture, construction, and earthmoving equipment (ACE), and general industrial, among others are the significant applications of the product.

The major players in the industry are Akzo Nobel India Ltd., Berger Paints India Limited [BERGEPAINT (NSE)], Durolac Paints, Inc., Jotun India Private Limited, Maharani Paints Pvt. Ltd., Marpol Private Limited, and Ppg Asian Paints Private Limited, among others.

Analyst Review

The powder coatings market in India attained a value of USD 1 billion in 2020, driven by the growing industrialisation and urbanisation across the country. Aided by the increasing investment in the development of environmental-compliant powder coatings, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of over 6%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on resin type, the powder coatings market is broadly categorised into thermoset (epoxy, polyester, epoxy polyester hybrid, and acrylic) and thermoplastic (polyvinyl chloride (PVC), nylon, polyolefin, and polyvinylidene fluoride (PVDF)). By coating method, the market is divided into electrostatic spray and fluidised bed. On the basis of application, the market is divided into appliances, automotive, architectural, furniture, agriculture, construction, and earthmoving equipment (ACE), general industrial, and others. The major regional markets for powder coatings in the country are North India, South India, East India, and West India. The key players in the above market include Akzo Nobel India Ltd., Berger Paints India Limited [BERGEPAINT (NSE)], Durolac Paints, Inc., Jotun India Private Limited, Maharani Paints Pvt. Ltd., Marpol Private Limited, and Ppg Asian Paints Private Limited, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2699
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$3699
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$4699
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports





NEWSLETTER