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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.
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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.
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:
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.
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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.
| 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:
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| Breakup by Resin Type |
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| Breakup by Coating Method |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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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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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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