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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.
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.
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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.
The resin types of powder coatings are thermoset and thermoplastic. Thermoset can be further divided into:
Thermoplastic is further segmented into:
Based on the coating methods, the market can be divided into:
The product finds wide application in the following segments:
The EMR report looks into the regional markets like North India, South India, East India, and West India.
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.
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.
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.
1.1 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
2.5 Market Models
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
188.8.131.52 Epoxy Polyester Hybrid
184.108.40.206 Polyvinyl chloride (PVC)
220.127.116.11 Polyvinylidene Fluoride (PVDF)
6.3 India Powder Coatings Market Breakup by Resin Type: Historical Market (2016-2020) & Forecast (2021-2026)
18.104.22.168 Epoxy Polyester Hybrid
22.214.171.124 Polyvinyl chloride (PVC)
126.96.36.199 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
6.6.5 Agriculture, Construction, and Earthmoving Equipment (ACE)
6.6.6 General Industrial
6.7 India Powder Coatings Market by Application: Historical Market (2016-2020) & Forecast (2021-2026)
6.7.5 Agriculture, Construction, and Earthmoving Equipment (ACE)
6.7.6 General Industrial
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
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
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
13 Industry Events and Developments
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.
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.
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