The India powder coatings market attained a value of USD 1.19 Billion in 2024. The market is further expected to grow at a CAGR of 6.00% in the forecast period of 2025-2034, to reach USD 2.13 Billion by 2034.
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.
Market Breakup by Resin Type
Thermoset
Thermoplastic
Market Breakup by Coating Method
Electrostatic Spray
Fluidized Bed
Market Breakup by Application
Appliances
Automotive
Architectural
Furniture
Agriculture, Construction & Earthmoving Equipment (ACE)
General Industrial
Others
Market Breakup by Region
North India
South India
West India
East India
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 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.
Table of Contents
1 Executive Summary
1.1 Market Size 2024-2025 1.2 Market Growth 2025(F)-2034(F) 1.3 Key Demand Drivers 1.4 Key Players and Competitive Structure 1.5 Industry Best Practices 1.6 Recent Trends and Developments 1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends 2.2 Key Verticals 2.3 Key Regions 2.4 Supplier Power 2.5 Buyer Power 2.6 Key Market Opportunities and Risks 2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook 3.2 GDP Per Capita Growth 3.3 Inflation Trends 3.4 Democracy Index 3.5 Gross Public Debt Ratios 3.6 Balance of Payment (BoP) Position 3.7 Population Outlook 3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk 4.2 Business Climate
5 India Powder Coatings Market Analysis
5.1 Key Industry Highlights 5.2 India Powder Coatings Historical Market (2018-2024) 5.3 India Powder Coatings Market Forecast (2025-2034) 5.4 India Powder Coatings Market by Resin Type 5.4.1 Thermoset 5.4.1.1 Historical Trend (2018-2024) 5.4.1.2 Forecast Trend (2025-2034) 5.4.1.3 Breakup by Type 5.4.1.3.1 Epoxy 5.4.1.3.1.1 Historical Trend (2018-2024) 5.4.1.3.1.2 Forecast Trend (2025-2034) 5.4.1.3.2 Polyester 5.4.1.3.2.1 Historical Trend (2018-2024) 5.4.1.3.2.2 Forecast Trend (2025-2034) 5.4.1.3.3 Epoxy Polyester Hybrid 5.4.1.3.3.1 Historical Trend (2018-2024) 5.4.1.3.3.2 Forecast Trend (2025-2034) 5.4.1.3.4 Acrylic 5.4.1.3.4.1 Historical Trend (2018-2024) 5.4.1.3.4.2 Forecast Trend (2025-2034) 5.4.2 Thermoplastic 5.4.2.1 Historical Trend (2018-2024) 5.4.2.2 Forecast Trend (2025-2034) 5.4.2.3 Breakup by Type 5.4.2.3.1 Polyvinyl Chloride (PVC) 5.4.2.3.1.1 Historical Trend (2018-2024) 5.4.2.3.1.2 Forecast Trend (2025-2034) 5.4.2.3.2 Nylon 5.4.2.3.2.1 Historical Trend (2018-2024) 5.4.2.3.2.2 Forecast Trend (2025-2034) 5.4.2.3.3 Polyolefin 5.4.2.3.3.1 Historical Trend (2018-2024) 5.4.2.3.3.2 Forecast Trend (2025-2034) 5.5 India Powder Coatings Market by Coating Method 5.5.1 Electrostatic Spray 5.5.1.1 Historical Trend (2018-2024) 5.5.1.2 Forecast Trend (2025-2034) 5.5.2 Fluidized Bed 5.5.2.1 Historical Trend (2018-2024) 5.5.2.2 Forecast Trend (2025-2034) 5.6 India Powder Coatings Market by Application 5.6.1 Appliances 5.6.1.1 Historical Trend (2018-2024) 5.6.1.2 Forecast Trend (2025-2034) 5.6.2 Automotive 5.6.2.1 Historical Trend (2018-2024) 5.6.2.2 Forecast Trend (2025-2034) 5.6.3 Architectural 5.6.3.1 Historical Trend (2018-2024) 5.6.3.2 Forecast Trend (2025-2034) 5.6.4 Furniture 5.6.4.1 Historical Trend (2018-2024) 5.6.4.2 Forecast Trend (2025-2034) 5.6.5 Agriculture, Construction & Earthmoving Equipment (ACE) 5.6.5.1 Historical Trend (2018-2024) 5.6.5.2 Forecast Trend (2025-2034) 5.6.6 General Industrial 5.6.6.1 Historical Trend (2018-2024) 5.6.6.2 Forecast Trend (2025-2034) 5.6.7 Others 5.7 India Powder Coatings Market by Region 5.7.1 North India 5.7.2 South India 5.7.3 West India 5.7.4 East India
6 Regional Analysis
6.1 North India 6.1.1 Historical Trend (2018-2024) 6.1.2 Forecast Trend (2025-2034) 6.2 South India 6.2.1 Historical Trend (2018-2024) 6.2.2 Forecast Trend (2025-2034) 6.3 West India 6.3.1 Historical Trend (2018-2024) 6.3.2 Forecast Trend (2025-2034) 6.4 East India 6.4.1 Historical Trend (2018-2024) 6.4.2 Forecast Trend (2025-2034)
7 Market Dynamics
7.1 SWOT Analysis 7.1.1 Strengths 7.1.2 Weaknesses 7.1.3 Opportunities 7.1.4 Threats 7.2 Porter’s Five Forces Analysis 7.2.1 Supplier’s Power 7.2.2 Buyer’s Power 7.2.3 Threat of New Entrants 7.2.4 Degree of Rivalry 7.2.5 Threat of Substitutes 7.3 Key Indicators for Demand 7.4 Key Indicators for Price
8 Value Chain Analysis
9 Competitive Landscape
9.1 Supplier Selection 9.2 Key Global Players 9.3 Key Regional Players 9.4 Key Player Strategies 9.5 Company Profiles 9.5.1 Akzo Nobel India Ltd. 9.5.1.1 Company Overview 9.5.1.2 Product Portfolio 9.5.1.3 Demographic Reach and Achievements 9.5.1.4 Certifications 9.5.2 Berger Paints India Limited 9.5.2.1 Company Overview 9.5.2.2 Product Portfolio 9.5.2.3 Demographic Reach and Achievements 9.5.2.4 Certifications 9.5.3 Durolac Paints, Inc. 9.5.3.1 Company Overview 9.5.3.2 Product Portfolio 9.5.3.3 Demographic Reach and Achievements 9.5.3.4 Certifications 9.5.4 Jotun India Private Limited 9.5.4.1 Company Overview 9.5.4.2 Product Portfolio 9.5.4.3 Demographic Reach and Achievements 9.5.4.4 Certifications 9.5.5 Maharani Innovative Paints Pvt. Ltd. 9.5.5.1 Company Overview 9.5.5.2 Product Portfolio 9.5.5.3 Demographic Reach and Achievements 9.5.5.4 Certifications 9.5.6 Marpol Private Limited 9.5.6.1 Company Overview 9.5.6.2 Product Portfolio 9.5.6.3 Demographic Reach and Achievements 9.5.6.4 Certifications 9.5.7 PPG Asian Paints Private Limited 9.5.7.1 Company Overview 9.5.7.2 Product Portfolio 9.5.7.3 Demographic Reach and Achievements 9.5.7.4 Certifications 9.5.8 Others
Companies Mentioned
The key companies featured in this India Powder Coatings market report include:
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