The India powder coatings market accounted for revenue of $896.7 million in 2017 and is anticipated to generate revenue of $1,508.2 million by 2025. This market is projected to grow at a CAGR of 6.6% from 2018 to 2025.
Powder coating is a dry finishing process in which fine particles of paint are electrostatically charged and sprayed onto a workpiece. Powder coatings possess various properties such as significant durability along with resistance to abrasion, corrosion, scratching, and chemicals. They meet various requirements of end-user industries such as unlimited color selection, high & low gloss, metallic & clear finishes, and texture choices such as rough textures, smooth surfaces, wrinkled, and matte finishes to hide surface imperfections. Powder coatings not only maximize production, but they also improve coating efficiency and cut coating costs, as over-sprayed powder coating can be retrieved and re-used as compared to liquid coatings.
The growth of the India powder coatings market is attributed to the factors such as support of environmental regulations, increase in demand for appliances, booming construction industry, and rapid economic growth. Increase in adoption of powder coatings over liquid coatings due to its superior finish and durability, leads to increased life of coated products. However, powder coatings are not compatible in thin layer coatings applications, which is one of the major restraints to the market.
The India powder coatings market is segmented based on resin type, coating method, application, and region. Depending on type, the market is bifurcated into thermoset and thermoplastic. Thermoset is further classified into epoxy, polyester, epoxy polyester hybrid, and acrylic. Thermoplastic is further divided into polyvinyl chloride (PVC), nylon, polyolefin, and polyvinylidene fluoride (PVDF). Based on coating method, it is classified into electrostatic spray, and fluidized bed. Based on application, the market is categorized into appliances, automotive, architectural, furniture, agriculture construction, and earthmoving equipment (ACE). Based on region, the market is analyzed across East India, West India, North India, and South India.
Some of the major players analyzed in this report are Akzo Nobel India Ltd., Jotun India Private Limited, Marpol Private Limited, Rapid Engineering Co. Pvt. Ltd., Berger Paints India Limited, and PPG Asian Paints Private Limited., Maharani Paints Pvt. Ltd., Durolac Paints, Inc., Titan Paints & Chemicals Ltd., and Tulip Paints.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
Powder coating is a dry finishing process in which fine particles of paint are electrostatically charged and sprayed onto a workpiece. Powder coatings possess various properties such as significant durability along with resistance to abrasion, corrosion, scratching, and chemicals. They meet various requirements of end-user industries such as unlimited color selection, high & low gloss, metallic & clear finishes, and texture choices such as rough textures, smooth surfaces, wrinkled, and matte finishes to hide surface imperfections. Powder coatings not only maximize production, but they also improve coating efficiency and cut coating costs, as over-sprayed powder coating can be retrieved and re-used as compared to liquid coatings.
The growth of the India powder coatings market is attributed to the factors such as support of environmental regulations, increase in demand for appliances, booming construction industry, and rapid economic growth. Increase in adoption of powder coatings over liquid coatings due to its superior finish and durability, leads to increased life of coated products. However, powder coatings are not compatible in thin layer coatings applications, which is one of the major restraints to the market.
The India powder coatings market is segmented based on resin type, coating method, application, and region. Depending on type, the market is bifurcated into thermoset and thermoplastic. Thermoset is further classified into epoxy, polyester, epoxy polyester hybrid, and acrylic. Thermoplastic is further divided into polyvinyl chloride (PVC), nylon, polyolefin, and polyvinylidene fluoride (PVDF). Based on coating method, it is classified into electrostatic spray, and fluidized bed. Based on application, the market is categorized into appliances, automotive, architectural, furniture, agriculture construction, and earthmoving equipment (ACE). Based on region, the market is analyzed across East India, West India, North India, and South India.
Some of the major players analyzed in this report are Akzo Nobel India Ltd., Jotun India Private Limited, Marpol Private Limited, Rapid Engineering Co. Pvt. Ltd., Berger Paints India Limited, and PPG Asian Paints Private Limited., Maharani Paints Pvt. Ltd., Durolac Paints, Inc., Titan Paints & Chemicals Ltd., and Tulip Paints.
KEY BENEFITS FOR STAKEHOLDERS
- Porter’s five forces analysis helps analyze the potential of buyers and suppliers and the competitive scenario of the industry for strategy building.
- This report outlines the current trends and future scenario of the India powder coatings market from 2018 to 2025 to understand the prevailing opportunities and potential investment pockets.
- The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
- The profiles of the key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
- By Resin Type
- Thermoset
- Thermoplastic
- By Coating Method
- Electrostatic Spray
- Fluidized Bed
- By Application
- Appliances
- Automotive
- Architectural
- Furniture
- Agriculture
- Construction and Earthmoving Equipment (ACE)
- General Industrial
- Others
- By Region
- North India
- South India
- East India
- West India
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.5. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning, 2017
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Environmental Compliance
3.5.1.2. High product quality as compared to liquid coatings
3.5.2. Restraint
3.5.2.1. Presence of contaminants in wastewater discharge
3.5.3. Opportunity
3.5.3.1. Rapid increase in automobile production
3.6. Akzo Nobel India Ltd and Jotun India Private Limited resin consumption, 2018
3.6.1. Akzo Nobel India Ltd.
3.6.2. Jotun India Private Limited
CHAPTER 4: INDIA POWDER COATINGSS MARKET, BY RESIN TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Thermoset
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.2.1. Market size and forecast, by resin type
4.2.2.2. Epoxy
4.2.2.3. Polyester
4.2.2.4. Epoxy polyester hybrid
4.2.2.5. Acrylic
4.3. Thermoplastic
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.2.1. Market size and forecast, by resin type
4.3.2.2. Polyvinyl chloride (PVC)
4.3.2.3. Nylon
4.3.2.4. Polyolefin
4.3.2.5. Polyvinylidene fluoride (PVDF)
CHAPTER 5: INDIA POWDER COATINGS MARKET, BY COATING METHOD
5.1. Overview
5.1.1. Market size and forecast
5.2. Electrostatic Spray
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.3. Fluidized bed
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
CHAPTER 6: INDIA POWDER COATINGS MARKET, BY APPLICATION
6.1. Overview
6.1.1. Market size and forecast
6.2. Appliances
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.3. Automotive
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.4. Architectural
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by region
6.5. Furniture
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by region
6.6. Agriculture, construction, and earthmoving equipment (ACE)
6.6.1. Key market trends, growth factors, and opportunities
6.6.2. Market size and forecast, by region
6.7. General industrial
6.7.1. Key market trends, growth factors, and opportunities
6.7.2. Market size and forecast, by region
6.8. Others
6.8.1. Key market trends, growth factors, and opportunities
6.8.2. Market size and forecast, by region
CHAPTER 7: INDIA POWDER COATINGS MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast
7.2. North India
7.2.1. Market size and forecast, by resin type
7.2.2. Market size and forecast, by coating method
7.2.3. Market size and forecast, by application
7.3. South India
7.3.1. Market size and forecast, by resin type
7.3.2. Market size and forecast, by coating method
7.3.3. Market size and forecast, by application
7.4. East India
7.4.1. Market size and forecast, by resin type
7.4.2. Market size and forecast, by coating method
7.4.3. Market size and forecast, by application
7.5. West India
7.5.1. Market size and forecast, by resin type
7.5.2. Market size and forecast, by coating method
7.5.3. Market size and forecast, by application
CHAPTER 8: COMPANY PROFILES
8.1. AKZO NOBEL INDIA LTD.
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Product portfolio
8.1.4. Business performance
8.1.5. Key strategic moves and developments
8.2. BERGER PAINTS INDIA LIMITED
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Product portfolio
8.2.4. Business performance
8.3. DUROLAC PAINTS, INC.
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Product portfolio
8.4. JOTUN INDIA PRIVATE LIMITED
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Product portfolio
8.5. MAHARANI PAINTS PVT. LTD.
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Product portfolio
8.6. MARPOL PRIVATE LIMITED
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Product portfolio
8.7. PPG ASIAN PAINTS PRIVATE LIMITED
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.8. RAPID ENGINEERING CO. PVT. LTD.
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Product portfolio
8.9. TULIP PAINTS
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Product portfolio
8.10. TITAN PAINTS & CHEMICALS LTD.
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Product portfolio
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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