Reports
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 (2018-2028); 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 2023-2028.
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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.
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.
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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
- 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.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, Porter's Five Forces, Key Indicators for Price and Demand |
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Regional
7 Opportunities and Challenges in the Market
8 India Powder Coatings Market Analysis
8.1 Key Industry Highlights
8.2 India Powder Coatings Historical Market (2018-2022)
8.3 India Powder Coatings Market Forecast (2023-2028)
8.4 India Powder Coatings Market by Resin Type
8.4.1 Thermoset
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.1.4 Breakup by Type
8.4.1.4.1 Epoxy
8.4.1.4.1.1 Market Share
8.4.1.4.1.2 Historical Trend (2018-2022)
8.4.1.4.1.3 Forecast Trend (2023-2028)
8.4.1.4.2 Polyester
8.4.1.4.2.1 Market Share
8.4.1.4.2.2 Historical Trend (2018-2022)
8.4.1.4.2.3 Forecast Trend (2023-2028)
8.4.1.4.3 Epoxy Polyester Hybrid
8.4.1.4.3.1 Market Share
8.4.1.4.3.2 Historical Trend (2018-2022)
8.4.1.4.3.3 Forecast Trend (2023-2028)
8.4.1.4.4 Acrylic
8.4.1.4.4.1 Market Share
8.4.1.4.4.2 Historical Trend (2018-2022)
8.4.1.4.4.3 Forecast Trend (2023-2028)
8.4.2 Thermoplastic
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.2.4 Breakup by Type
8.4.2.4.1 Polyvinyl Chloride (PVC)
8.4.2.4.1.1 Market Share
8.4.2.4.1.2 Historical Trend (2018-2022)
8.4.2.4.1.3 Forecast Trend (2023-2028)
8.4.2.4.2 Nylon
8.4.2.4.2.1 Market Share
8.4.2.4.2.2 Historical Trend (2018-2022)
8.4.2.4.2.3 Forecast Trend (2023-2028)
8.4.2.4.3 Polyolefin
8.4.2.4.3.1 Market Share
8.4.2.4.3.2 Historical Trend (2018-2022)
8.4.2.4.3.3 Forecast Trend (2023-2028)
8.4.2.4.4 Polyvinylidene Fluoride (PVDF)
8.4.2.4.4.1 Market Share
8.4.2.4.4.2 Historical Trend (2018-2022)
8.4.2.4.4.3 Forecast Trend (2023-2028)
8.5 India Powder Coatings Market by Coating Method
8.5.1 Electrostatic Spray
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Fluidized Bed
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 India Powder Coatings Market by Application
8.6.1 Appliances
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Automotive
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Architectural
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Furniture
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Agriculture, Construction & Earthmoving Equipment (ACE)
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 General Industrial
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2022)
8.6.6.3 Forecast Trend (2023-2028)
8.6.7 Others
8.7 India Powder Coatings Market by Region
8.7.1 Market Share
8.7.1.1 North India
8.7.1.2 South India
8.7.1.3 West India
8.7.1.4 East India
9 Regional Analysis
9.1 North India
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 South India
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 West India
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 East India
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Akzo Nobel India Ltd.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Berger Paints India Limited
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Durolac Paints, Inc.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Jotun India Private Limited
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Maharani Innovative Paints Pvt. Ltd.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Marpol Private Limited
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 PPG Asian Paints Private Limited
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. India Powder Coatings Market: Key Industry Highlights, 2018 and 2028
2. India Powder Coatings Historical Market: Breakup by Resin Type (USD Billion), 2018-2022
3. India Powder Coatings Market Forecast: Breakup by Resin Type (USD Billion), 2023-2028
4. India Powder Coatings Historical Market: Breakup by Coating Method (USD Billion), 2018-2022
5. India Powder Coatings Market Forecast: Breakup by Coating Method (USD Billion), 2023-2028
6. India Powder Coatings Historical Market: Breakup by Application (USD Billion), 2018-2022
7. India Powder Coatings Market Forecast: Breakup by Application (USD Billion), 2023-2028
8. India Powder Coatings Historical Market: Breakup by Region (USD Billion), 2018-2022
9. India Powder Coatings Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North India Powder Coatings Historical Market (USD Billion), 2018-2022
11. North India Powder Coatings Market Forecast (USD Billion), 2023-2028
12. South India Powder Coatings Historical Market (USD Billion), 2018-2022
13. South India Powder Coatings Market Forecast (USD Billion), 2023-2028
14. West India Powder Coatings Historical Market (USD Billion), 2018-2022
15. West India Powder Coatings Market Forecast (USD Billion), 2023-2028
16. East India Powder Coatings Historical Market (USD Billion), 2018-2022
17. East India Powder Coatings Market Forecast (USD Billion), 2023-2028
18. India Powder Coatings Market Structure
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, Durolac Paints, Inc., Jotun India Private Limited, Maharani Innovative 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 2023-2028, 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, Durolac Paints, Inc., Jotun India Private Limited, Maharani Innovative 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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