According
to a new report published by Allied Market Research, titled,"India Powder Coatings Market by
Resin Type, Coating Method, and Application: Opportunity Analysis and Industry
Forecast, 2018 - 2025,"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. The India powder coatings market is
projected to grow at a CAGR of 6.6% from 2018 to 2025.
Powder
coatings are gaining increased importance in the automotive, furniture,
appliances, and others, as powders are an essential part of a construction that
experience damages such as spillage; abrasion; and exposure to dust, chemicals,
heavy load, and UV light. Major manufacturers focus on advancement in technology
for the development of eco-friendly products. Epoxy powder coating is a major
resin type used across all the major industries in the India powder coatings
market. The factors that drive the India powder coatings market growth include
rise in awareness related to the benefits provided by the powder coatings in
industrial, and development of powder coatings in compliance to the
environment. The India powder coatings market size is expanding at a
significant pace on account of rising foreign direct investments (FDI) due to
Make in India scheme.
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The
use of metallic epoxies for garage and other commercial powder spaces is the
latest trend in the commercial powder coatings market, as they provide
high-gloss, metallic finish, which enhance the look of the powder. Moreover,
these powder coatings exhibit prolonged durability and resist abrasion. Also,
they are easy to maintain. Imparting aesthetic appearance to the indoor spaces,
which further facilitate their adoption in the India powder coatings market.
Such innovation and product development shift the use of traditional powder
coatings toward new advanced powder coating solutions.
Rapid urbanization in India leads to upsurge in civil construction activities,
which is a key factor that promotes the usage of powder coatings. This is
further anticipated to increase the India powder coatings market share in the
APAC region.
The
India powder coatings market is segmented based on resin type, coating method,
application, and region. Based on resin type, it is categorized into thermoset
and thermoplastic. By coating method, the market is classified into
electrostatic spray, and fluidized bed. By application, it is classified into
appliances, automotive, architectural, furniture, agriculture, construction,
and earthmoving equipment (ACE), general industrial, and others. By region, the
market is studied across North India, South India, East India, and West India.
India
powder coatings market analysis covers in depth information of major industry
participants. The key players analyzed in India powder coatings market 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. 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
Findings of the India Powder Coatings Market:
- Thermoset
in the resin type segment dominated the India powder coatings market with
a revenue share of over 95.2% in 2017
- North
India is projected to grow at a highest CAGR of nearly 7.0%, in terms of
revenue, during the forecast period
- The
appliances segment dominated the application segment with 30.2%- share in
2017
- The
India powder coatings market trends has been analyzed across the major
states of the region.
- The
major states in each region have been mapped according to their individual
revenue contribution to the regional market.
- The
qualitative data in this report aims on the market dynamics, trends, and
developments in the India powder coatings industry while the quantitative
data provides information of the India powder coatings market size in
terms of value as well as volume.
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About Us
Allied Market Research (AMR) is a full-service
market research and business-consulting wing of Allied Analytics LLP based
in Portland, Oregon. Allied Market Research
provides global enterprises as well as medium and small businesses with
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Intelligence Solutions." AMR has a targeted view to provide business
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decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with
various companies and this helps us in digging out market data that helps us
generate accurate research data tables and confirms utmost accuracy in our
market forecasting. Each and every data presented in the reports published by
us is extracted through primary interviews with top officials from leading
companies of domain concerned. Our secondary data procurement methodology includes
deep online and offline research and discussion with knowledgeable
professionals and analysts in the industry.
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