India Powder Coating Market Future Demand, and Application | Durolac Paints, Inc., Titan Paints & Chemicals Ltd.

Published : 3 years ago, on 07/10/2021

The India powder coatings market accounted for $896.7 million in 2017 and is anticipated to reach $1,508.2 million by 2025, registering a CAGR of 6.6% from 2018 to 2025. Powder coatings is type of coating used specifically for coating of metals, for prevention against corrosion and for finishing applications. Powder coatings are superior compared to liquid coating, as they are free from volatile organic compounds (VOCs) unlike liquid coating.

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The India powder coatings market is driven by increase in industrialization and rapid urbanization. Furthermore, the market is also driven by rise in demand from applications such as automotive, general industrial, furniture, and others. The India powder coatings market size is expanding at a significant pace owing to rising foreign direct investments (FDI) due to Make in India scheme. This market majorly consists of epoxy and polyester-based products and gains popularity in the Indian market as it exhibits abrasion, slippage, spillage, heat, and chemical resistance.

The surface on which epoxy powder coatings is applied remains seamless, antistatic, and is easy to maintain. Growth in competition from substitutes is expected to hamper the growth of the India powder coating market. The India powder coatings market share in the Asia-Pacific market is experiencing considerable growth due to increase in infrastructural investment.

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India powder coatings market analysis covers in depth information of major industry participants. Some of the major key players operating in the market include 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. Other players operating in the market include the Zigma Paints (P) Limited, Paramount Powders Pvt. Ltd., Chanda Paints Pvt. Ltd., and Par-Ferro Coatings Pvt. Ltd.

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Key Benefits for India powder coatings market:

• The report provides an in depth analysis of the India powder coatings market forecast with the help of current and future trends
• India powder coatings market trends are provided in the regional section of the report
• The major states in each region have been mapped according to their individual revenue contribution to the regional market.
• Porter’s five forces analysis helps to analyze the potential of the buyers & suppliers and the competitive scenario of the India powder coatings industry for strategy building
• The India powder coatings market size is mentioned in the report in terms of value as well as volume.
• It outlines the current trends and future scenario of the 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 key players along with their key strategic developments are enlisted in the India powder coatings market

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