Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

India Powder Coatings Market Outlook

The India powder coatings market attained a value of USD 1.19 billion in 2023. The India powder coatings market is expected to grow at a CAGR of more than 6% in the forecast period of 2024-2032.

India Powder Coatings Market

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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.

India Powder Coatings Market Segmentation

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

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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

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

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India Powder Coatings 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
  • Durolac Paints, Inc.
  • Jotun India Private Limited
  • Maharani Innovative 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.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Resin Type
  • Coating Method
  • Application
  • Region
Breakup by Resin Type
  • Thermoset
  • Thermoplastic
Breakup by Coating Method
  • Electrostatic Spray
  • Fluidized Bed
Breakup by Application
  • Appliances
  • Automotive
  • Architectural
  • Furniture
  • Agriculture, Construction & Earthmoving Equipment (ACE)
  • General Industrial
  • Others
Breakup by Region
  • North India
  • South India
  • West India
  • East India
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Akzo Nobel India Ltd. 
  • Berger Paints India Limited
  • Durolac Paints, Inc.
  • Jotun India Private Limited
  • Maharani Innovative Paints Pvt. Ltd. 
  • Marpol Private Limited 
  • PPG Asian Paints Private Limited
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the India powder coatings market attained a value of nearly USD 1.19 billion.

The market is estimated to expand at a CAGR of more than 6% between 2024 and 2032.

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 market.

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, and polyolefin,.

Electrostatic spray and fluidized bed are the different coating methods available in the India powder coatings market.

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 market are Akzo Nobel India Ltd., Berger Paints India Limited, Durolac Paints, Inc., Jotun India Private Limited, Maharani Innovative Paints Pvt. Ltd., Marpol Private Limited, and PPG Asian Paints Private Limited, among others.

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