India Paints and Coatings Market: Trends and Projections (2023-2029)

Unveiling the Vibrant Canvas: India Paints and Coatings Market Set to Soar to US$ 18,872.7 Million by 2027

The dynamic landscape of India's paints and coatings market is poised for a remarkable surge, projecting to reach a substantial US$ 18,872.7 million by 2027, growing at an impressive CAGR of 8.1% during the forecast period. This revelation comes in light of the burgeoning demand from the infrastructure sector, fueled by the country's rapid economic growth.

Technological Trends: Solvent-Based Dominance and the Rise of Water-Based Alternatives

In the technological landscape, solvent-based technology currently dominates the India paints and coatings market. These coatings exhibit resilience to environmental conditions during the curing phase, making them effective even in humid environments. However, stringent government regulations on volatile organic compounds (VOCs) emissions, coupled with concerns about their impact on human health, are steering the industry towards eco-friendly substitutes, thereby challenging the growth of the solvent-borne market.

Free sample copy for India Paints and Coatings Market, Click Here @ https://www.maximizemarketresearch.com/request-sample/24590

India Paints and Coatings Market Scope:

The report provides current India Paints and Coatings market trends and regional insights in terms of demand, supply, and sales, as well as recent changes in the market. The India Paints and Coatings market report focuses on the key drivers and restraints for key players, as well as the current competitive landscape and development prospects. The India Paints and Coatings market report provides the most up-to-date market statistics, as well as future developments, size, and emerging trends, allowing you to identify the products and end users that are driving revenue growth and profitability. Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, Gross Margin & Sales by Product are all included in this global India Paints and Coatings market research report.

Epoxy Resins Pave the Way for Sustainable Solutions:

Epoxy resins, a cornerstone of the paints and coatings industry, are extensively employed on heavy-duty metal substrates. Their energy-efficient nature, particularly when compared to other heat-cured powder coatings, positions them as a preferred choice. Notably, epoxy resin-based paints and coatings are celebrated for their environmental friendliness, making them suitable for various applications, including food storage and manufacture, swimming pool finishes, tank lining, and water treatment plants.

India Paints and Coatings Market Segmentation:

India Paints and Coatings Market by Resin:

• Acrylic
• Alkyd
• Epoxy
• Polyester
• Others

India Paints and Coatings Market By Technology:

• Water-Based Technology
• Solvent-Based Technology
• Powder Coatings
• UV Cured Coatings

In the paint and coatings market in India, solvent-based technology is the leading category. Because solvent-borne coatings cure chemically through a reaction between atmospheric oxygen and the chemical ingredients, they are less susceptible to environmental factors like temperature during the curing phase. This means that they can be applied effectively even in humid environments. But because of government regulations on VOC emissions and their harmful impacts on human health, manufacturers and other industry participants are searching for environmentally suitable alternatives, which is slowing the growth of the solvent-borne business.

India Paints and Coatings Market by End Use:

• Architectural
• Automotive
• General Industrial
• Transportation
• Packaging
• Other

A significant end-user market in India for paints and coatings is architecture. The market for the architectural segment is driven by growing construction activities and rapid urbanisation. The market for lightweight vehicles is expected to grow at a high rate of compound annual growth (CAGR) in the automotive segment as a result of the shift to electric vehicles.

For More Information About This Research Please Visit @ https://www.maximizemarketresearch.com/market-report/india-paints-and-coatings-market/24590/

Key Players are:

• PPG
• Sherwin-Williams
• AkzoNobel
• Nippon Paint
• RPM
• BASF Coatings
• Axalta Coating Systems
• Kansai (Japan)
• Asian Paints
• Masco
• Jotun
• Hempel
• Daw
• Berger Paints
• DuluxGroup
• Shawcor
• Benjamin Moore
• SK Kaken
• Cromology
• Chugoku Marine
• Hawks Paints & Coatings Pvt Ltd
• Chromaflo Technologies
• ANGUS Chemical Company
• Sunanda Speciality Coatings Pvt. Ltd.
• Wolkem India Limited

Regional Analysis:

India Paints and Coatings Region dominated the India Paints and Coatings Market in 2022 and is expected to witness significant growth during the forecast period. Government initiatives in the sector and regulations and rein in rising expenses drive the India Paints and Coatings Market growth in the region. The India Paints and Coatings market report includes a geographic condition of the market, and revenue as well as in-depth research into the business network structure, opportunities, and news updates.

To Request Customization of the India Paints and Coatings Market Report, Click Here @ https://www.maximizemarketresearch.com/request-sample/24590

Key Questions answered in the India Paints and Coatings Market Report are:

• What is India Paints and Coatings Market?
• What is the forecast period of the India Paints and Coatings Market?
• What is the competitive scenario of the India Paints and Coatings market?
• Which region held the largest market share in the India Paints and Coatings Market?
• What are the opportunities for the India Paints and Coatings Market?
• What factors are affecting the India Paints and Coatings market growth?
• Who are the key players of the India Paints and Coatings market?
• Which company held the largest share in the India Paints and Coatings market?
• What will be the CAGR of the India Paints and Coatings market during the forecast period?
• What key trends are likely to emerge in the India Paints and Coatings market in the coming years?

Contact Maximize Market Research:

3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.