India Powder Coatings Market, by Resin Type (Thermoset and Thermoplastic), Coating Method (Electrostatic Spray, and Fluidized Bed), and Application (Appliances, Automotive, Architectural, Furniture, Agriculture, Construction, and Earthmoving Equipment (ACE), General Industrial, and Others): Opportunity Analysis and Industry Forecast, 2018–2025
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A04945
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Pages: 139
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Jun
2019 |
1743 Views
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Author(s) :
Amit Narune
, Eswara Prasad
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Tables: 84
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Charts: 11
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Formats*:
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India powder coatings market outlook - 2025
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.
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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The India powder coatings market is segmented based on resin type, coating method, application, and region. Based on resin type, the market is divided into, thermoset and thermoplastic. The thermoset is further classified into epoxy, polyester, epoxy polyester hybrid and acrylic. Thermoplastic is further is bifurcated into polyvinyl chloride (PVC), nylon, polyolefin, and polyvinylidiene fluoride (PVDF). Based on coating method, it is bifurcated into electrostatic spray and fluidized bed. Based on application, it is fragmented into appliances, automotive, architectural, furniture, agriculture, construction, and earthmoving equipment (ACE), general industrial, and others. Based on region, the market is analyzed across North India, South India, East India, and West India.
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.
India Powder Coatings Market, by Resin Type
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With regards to resin type, the thermoset segment occupied the highest share of 93.7% in terms of volume in the overall market in 2017 and is expected to continue its dominance throughout the analysis period. Rise in demand from automotive industry is one of the significant factors for the growth of thermoset in the India powder coatings market.
India Powder Coatings Market, by Coating Method
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Based on coating method, the electrostatic spray method dominated the market in 2017. High transfer efficiency, as well as less overspray are the advantages offered by electrostatic spray. Owing to these advantages, it is majorly adopted across various end user industries. Electrostatic spray coating requires entire coating equipment, which is a huge investment for small areas of painting. This factor is expected to decrease the demand for electrostatic spray coatings for small scale applications in India during the forecast period.
India Powder Coatings Market, by Application
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Based on application, the appliances segment dominated the market in 2017. The trend toward replacing the monotone color of white appliances with polychromatic colors and special-effect pigmented coatings boosts the adoption of powder coatings in the appliances. Powder coating based on epoxy polyester resin blend is used for coating domestic appliances. Technological advancements in coil coatings drives the demand for consumer appliance coatings, thereby boosting the growth of the powder coatings market.
India Powder Coatings Market, by Region
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Based on region, West India accounts for major share in the India powder coatings market. Favorable government initiatives such as Make in India lead to increase in industrial setups in states such as Gujarat and Maharashtra, which is expected to have a positive impact on the growth of the India powder coatings market. In addition, rise in investments to enhance the infrastructure development activities by Indian government in states such as Maharashtra will further provide lucrative growth opportunities for the powder coatings market.
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
India powder coatings Key Market Segments:
By Resin Type
- Thermoplastic
- Thermoset
By Coating Method
- Electrostatic Spray
- Fluidized Bed
By Application
- Appliances
- Automotive
- Architectural
- Furniture
- Agriculture, Construction, and Earthmoving Equipment (ACE)
- General Industrial
- Others
By Region
- North India
- South India
- East India
- West India
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.5. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning, 2017
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Environmental Compliance
3.5.1.2. High product quality as compared to liquid coatings
3.5.2. Restraint
3.5.2.1. Presence of contaminants in wastewater discharge
3.5.3. Opportunity
3.5.3.1. Rapid increase in automobile production
3.6. Akzo Nobel India Ltd and Jotun India Private Limited resin consumption, 2018
3.6.1. Akzo Nobel India Ltd.
3.6.2. Jotun India Private Limited
CHAPTER 4: INDIA POWDER COATINGSS MARKET, BY RESIN TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Thermoset
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.2.1. Market size and forecast, by resin type
4.2.2.2. Epoxy
4.2.2.3. Polyester
4.2.2.4. Epoxy polyester hybrid
4.2.2.5. Acrylic
4.3. Thermoplastic
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.2.1. Market size and forecast, by resin type
4.3.2.2. Polyvinyl chloride (PVC)
4.3.2.3. Nylon
4.3.2.4. Polyolefin
4.3.2.5. Polyvinylidene fluoride (PVDF)
CHAPTER 5: INDIA POWDER COATINGS MARKET, BY COATING METHOD
5.1. Overview
5.1.1. Market size and forecast
5.2. Electrostatic Spray
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.3. Fluidized bed
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
CHAPTER 6: INDIA POWDER COATINGS MARKET, BY APPLICATION
6.1. Overview
6.1.1. Market size and forecast
6.2. Appliances
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.3. Automotive
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.4. Architectural
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by region
6.5. Furniture
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by region
6.6. Agriculture, construction, and earthmoving equipment (ACE)
6.6.1. Key market trends, growth factors, and opportunities
6.6.2. Market size and forecast, by region
6.7. General industrial
6.7.1. Key market trends, growth factors, and opportunities
6.7.2. Market size and forecast, by region
6.8. Others
6.8.1. Key market trends, growth factors, and opportunities
6.8.2. Market size and forecast, by region
CHAPTER 7: INDIA POWDER COATINGS MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast
7.2. North India
7.2.1. Market size and forecast, by resin type
7.2.2. Market size and forecast, by coating method
7.2.3. Market size and forecast, by application
7.3. South India
7.3.1. Market size and forecast, by resin type
7.3.2. Market size and forecast, by coating method
7.3.3. Market size and forecast, by application
7.4. East India
7.4.1. Market size and forecast, by resin type
7.4.2. Market size and forecast, by coating method
7.4.3. Market size and forecast, by application
7.5. West India
7.5.1. Market size and forecast, by resin type
7.5.2. Market size and forecast, by coating method
7.5.3. Market size and forecast, by application
CHAPTER 8: COMPANY PROFILES
8.1. AKZO NOBEL INDIA LTD.
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Product portfolio
8.1.4. Business performance
8.1.5. Key strategic moves and developments
8.2. BERGER PAINTS INDIA LIMITED
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Product portfolio
8.2.4. Business performance
8.3. DUROLAC PAINTS, INC.
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Product portfolio
8.4. JOTUN INDIA PRIVATE LIMITED
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Product portfolio
8.5. MAHARANI PAINTS PVT. LTD.
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Product portfolio
8.6. MARPOL PRIVATE LIMITED
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Product portfolio
8.7. PPG ASIAN PAINTS PRIVATE LIMITED
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.8. RAPID ENGINEERING CO. PVT. LTD.
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Product portfolio
8.9. TULIP PAINTS
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Product portfolio
8.10. TITAN PAINTS & CHEMICALS LTD.
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Product portfolio
LIST OF TABLES
TABLE 01. INDIA POWDER COATINGS MARKET: RESIN CONSUMPTION, 2018 (KILOTON)
TABLE 02. INDIA POWDER COATINGS MARKET, BY RESIN TYPE, 2017-2025 (KILOTONS)
TABLE 03. INDIA POWDER COATINGS MARKET, BY RESIN TYPE, 2017-2025 ($MILLION)
TABLE 04. INDIA THERMOSET POWDER COATINGS MARKET, BY REGION, 2017–2025 (KILOTONS)
TABLE 05. INDIA THERMOSET POWDER COATINGS MARKET, BY REGION, 2017–2025 ($MILLION)
TABLE 06. INDIA THERMOSET POWDER COATINGS MARKET, BY RESIN TYPE, 2017–2025 (KILOTONS)
TABLE 07. INDIA THERMOSET POWDER COATINGS MARKET, BY RESIN TYPE, 2017–2025 ($MILLION)
TABLE 08. INDIA THERMOPLASTIC POWDER COATINGS MARKET, BY REGION, 2017–2025 (KILOTONS)
TABLE 09. INDIA THERMOPLASTIC POWDER COATINGS MARKET, BY REGION, 2017–2025 ($MILLION)
TABLE 10. INDIA THERMOSET POWDER COATINGS MARKET, BY RESIN TYPE, 2017–2025 (KILOTONS)
TABLE 11. INDIA THERMOSET POWDER COATINGS MARKET, BY RESIN TYPE, 2017–2025 ($MILLION)
TABLE 12. INDIA POWDER COATINGS MARKET, BY COATING METHOD, 2017-2025 (KILOTONS)
TABLE 13. INDIA POWDER COATINGS MARKET, BY COATING METHOD, 2017-2025 ($MILLION)
TABLE 14. INDIA ELECTROSTATIC SPRAY POWDER COATINGS MARKET, BY REGION, 2017–2025 (KILOTONS)
TABLE 15. INDIA ELECTROSTATIC SPRAY POWDER COATINGS MARKET, BY REGION, 2017–2025 ($MILLION)
TABLE 16. INDIA FLUIDIZED BED POWDER COATINGS MARKET, BY REGION, 2017–2025 (KILOTONS)
TABLE 17. INDIA FLUIDIZED BED POWDER COATINGS MARKET, BY REGION, 2017–2025 ($MILLION)
TABLE 18. INDIA POWDER COATINGS MARKET, BY APPLICATION, 2017-2025 (KILOTONS)
TABLE 19. INDIA POWDER COATINGS MARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 20. INDIA POWDER COATINGS MARKET, FOR APPLIANCES, BY REGION, 2017–2025 (KILOTONS)
TABLE 21. INDIA POWDER COATINGS MARKET, FOR APPLIANCES, BY REGION, 2017–2025 ($MILLION)
TABLE 22. INDIA POWDER COATINGS MARKET, FOR AUTOMOTIVE, BY REGION, 2017–2025 (KILOTONS)
TABLE 23. INDIA POWDER COATINGS MARKET, FOR AUTOMOTIVE, BY REGION, 2017–2025 ($MILLION)
TABLE 24. INDIA POWDER COATINGS MARKET, FOR ARCHITECTURAL, BY REGION, 2017–2025 (KILOTONS)
TABLE 25. INDIA POWDER COATINGS MARKET, FOR ARCHITECTURAL, BY REGION, 2017–2025 ($MILLION)
TABLE 26. INDIA POWDER COATINGS MARKET, FOR FURNITURE, BY REGION, 2017–2025 (KILOTONS)
TABLE 27. INDIA POWDER COATINGS MARKET, FOR FURNITURE, BY REGION, 2017–2025 ($MILLION)
TABLE 28. INDIA POWDER COATINGS MARKET, FOR AGRICULTURE, CONSTRUCTION, AND EARTHMOVING EQUIPMENT (ACE), BY REGION, 2017–2025 (KILOTONS)
TABLE 29. INDIA POWDER COATINGS MARKET, FOR AGRICULTURE, CONSTRUCTION, AND EARTHMOVING EQUIPMENT (ACE), BY REGION, 2017–2025 ($MILLION)
TABLE 30. INDIA POWDER COATINGS MARKET, FOR GENERAL INDUSTRIAL, BY REGION, 2017–2025 (KILOTONS)
TABLE 31. INDIA POWDER COATINGS MARKET, FOR GENERAL INDUSTRIAL, BY REGION, 2017–2025 ($MILLION)
TABLE 32. INDIA POWDER COATINGS MARKET, FOR OTHERS, BY REGION, 2017–2025 (KILOTONS)
TABLE 33. INDIA POWDER COATINGS MARKET, FOR OTHERS, BY REGION, 2017–2025 ($MILLION)
TABLE 34. INDIA POWDER COATINGS MARKET, BY REGION, 2017–2025 (KILOTONS)
TABLE 35. INDIA POWDER COATINGS MARKET, BY REGION, 2017–2025 ($MILLION)
TABLE 36. NORTH INDIA POWDER COATINGS MARKET, BY RESIN TYPE, 2017–2025 (KILOTONS)
TABLE 37. NORTH INDIA POWDER COATINGS MARKET, BY RESIN TYPE, 2017–2025 ($MILLION)
TABLE 38. NORTH INDIA POWDER COATINGS MARKET, BY COATING METHOD, 2017–2025 (KILOTONS)
TABLE 39. NORTH INDIA POWDER COATINGS MARKET, BY COATING METHOD, 2017–2025 ($MILLION)
TABLE 40. NORTH INDIA POWDER COATINGS MARKET, BY APPLICATION, 2017–2025 (KILOTONS)
TABLE 41. NORTH INDIA POWDER COATINGS MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 42. SOUTH INDIA POWDER COATINGS MARKET, BY RESIN TYPE, 2017–2025 (KILOTONS)
TABLE 43. SOUTH INDIA POWDER COATINGS MARKET, BY RESIN TYPE, 2017–2025 ($MILLION)
TABLE 44. SOUTH INDIA POWDER COATINGS MARKET, BY COATING METHOD, 2017–2025 (KILOTONS)
TABLE 45. SOUTH INDIA POWDER COATINGS MARKET, BY COATING METHOD, 2017–2025 ($MILLION)
TABLE 46. SOUTH INDIA POWDER COATINGS MARKET, BY APPLICATION, 2017–2025 (KILOTONS)
TABLE 47. SOUTH INDIA POWDER COATINGS MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 48. EAST INDIA POWDER COATINGS MARKET, BY RESIN TYPE, 2017–2025 (KILOTONS)
TABLE 49. EAST INDIA POWDER COATINGS MARKET, BY RESIN TYPE, 2017–2025 ($MILLION)
TABLE 50. EAST INDIA POWDER COATINGS MARKET, BY COATING METHOD, 2017–2025 (KILOTONS)
TABLE 51. EAST INDIA POWDER COATINGS MARKET, BY COATING METHOD, 2017–2025 ($MILLION)
TABLE 52. EAST INDIA POWDER COATINGS MARKET, BY APPLICATION, 2017–2025 (KILOTONS)
TABLE 53. EAST INDIA POWDER COATINGS MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 54. WEST INDIA POWDER COATINGS MARKET, BY RESIN TYPE, 2017–2025 (KILOTONS)
TABLE 55. WEST INDIA POWDER COATINGS MARKET, BY RESIN TYPE, 2017–2025 ($MILLION)
TABLE 56. WEST INDIA POWDER COATINGS MARKET, BY COATING METHOD, 2017–2025 (KILOTONS)
TABLE 57. WEST INDIA POWDER COATINGS MARKET, BY COATING METHOD, 2017–2025 ($MILLION)
TABLE 58. WEST INDIA POWDER COATINGS MARKET, BY APPLICATION, 2017–2025 (KILOTONS)
TABLE 59. WEST INDIA POWDER COATINGS MARKET, BY APPLICATION, 2017–2025 ($MILLION)
TABLE 60. AKZO NOBEL INDIA LTD.: COMPANY SNAPSHOT
TABLE 61. AKZO NOBEL INDIA LTD.: PRODUCT PORTFOLIO
TABLE 62. AKZO NOBEL INDIA LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 63. BERGER PAINTS INDIA: COMPANY SNAPSHOT
TABLE 64. BERGER PAINTS INDIA: PRODUCT PORTFOLIO
TABLE 65. DUROLAC PAINTS: COMPANY SNAPSHOT
TABLE 66. DUROLAC PAINTS: PRODUCT PORTFOLIO
TABLE 67. JOTUN INDIA: COMPANY SNAPSHOT
TABLE 68. JOTUN INDIA: OPERATING SEGMENTS
TABLE 69. JOTUN INDIA: PRODUCT PORTFOLIO
TABLE 70. MAHARANI PAINTS: COMPANY SNAPSHOT
TABLE 71. MAHARANI PAINTS: OPERATING SEGMENTS
TABLE 72. MAHARANI PAINTS: PRODUCT PORTFOLIO
TABLE 73. MARPOL: COMPANY SNAPSHOT
TABLE 74. MARPOL: PRODUCT PORTFOLIO
TABLE 75. PPG ASIAN PAINTS: COMPANY SNAPSHOT
TABLE 76. PPG ASIAN PAINTS OPERATING SEGMENTS
TABLE 77. PPG ASIAN PAINTS: PRODUCT PORTFOLIO
TABLE 78. RAPID ENGINEERING CO. PVT. LTD: COMPANY SNAPSHOT
TABLE 79. RAPID ENGINEERING CO. PVT. LTD: PRODUCT PORTFOLIO
TABLE 80. TULIP PAINTS: COMPANY SNAPSHOT
TABLE 81. TULIP PAINTS: PRODUCT PORTFOLIO
TABLE 82. TITAN PAINTS & CHEMICALS: COMPANY SNAPSHOT
TABLE 83. TITAN PAINTS & CHEMICALS: OPERATING SEGMENTS
TABLE 84. TITAN PAINTS & CHEMICALS: PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 01. INDIA POWDER COATINGS MARKET SEGMENTATION
FIGURE 02. TOP INVESTMENT POCKETS, BY APPLICATION
FIGURE 03. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 04. MODERATE BARGAINING POWER OF BUYERS
FIGURE 05. MODERATE THREAT OF NEW ENTRANTS
FIGURE 06. MODERATE THREAT OF SUBSTITUTES
FIGURE 07. HIGH INTENSITY OF COMPETITIVE RIVALRY
FIGURE 08. TOP PLAYER POSITIONING, 2017
FIGURE 09. MARKET DYNAMICS
FIGURE 10. AKZO NOBEL INDIA LTD.: REVENUE, 2016–2018 ($MILLION)
FIGURE 11. BERGER PAINTS INDIA: REVENUE, 2016–2018 ($MILLION)
According to the CXOs, the India powder coatings market witnessed significant growth in the recent years. This is attributed to increase in the adoption of powder coating across numerous end users such as in general industrial, architectural, agriculture, construction, and earthmoving equipment (ACE), and VOC- & solvent-free properties of powder coatings. Furthermore, powder coatings are superior compared to liquid coating, as they are free from volatile organic compounds (VOCs) unlike liquid coating. In addition, they do not emit hazardous air pollutants (HAPs) that are dangerous for the environment. They are inflammable unlike the substitute products. Insurance costs in powder coating are moderate as compared to the high cost of liquid coating. In powder coating, the over sprayed particles can be recycled, whereas liquid coating particles are hazardous sludge. Furthermore, there are significant growth opportunities for the India powder coatings market owing to rapid increase in automobile production.
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