U.S (New York)– The “India Powder Coatings Market ” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global India Powder Coatings Market , its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
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. This market is projected to grow at a CAGR of 6.6% from 2018 to 2025. Powder coating is a dry finishing process in which fine particles of paint are electrostatically charged and sprayed onto a workpiece. Powder coatings possess various properties such as significant durability along with resistance to abrasion, corrosion, scratching, and chemicals.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
They meet various requirements of end-user industries such as unlimited color selection, high & low gloss, metallic & clear finishes, and texture choices such as rough textures, smooth surfaces, wrinkled, and matte finishes to hide surface imperfections. Powder coatings not only maximize production, but they also improve coating efficiency and cut coating costs, as over-sprayed powder coating can be retrieved and re-used as compared to liquid coatings.
The growth of the India powder coatings market is attributed to the factors such as support of environmental regulations, increase in demand for appliances, booming construction industry, and rapid economic growth. Increase in adoption of powder coatings over liquid coatings due to its superior finish and durability, leads to increased life of coated products. However, powder coatings are not compatible in thin layer coatings applications, which is one of the major restraints to the market.
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The India powder coatings market is segmented based on resin type, coating method, application, and region. Depending on type, the market is bifurcated into thermoset and thermoplastic. Thermoset is further classified into epoxy, polyester, epoxy polyester hybrid, and acrylic. Thermoplastic is further divided into polyvinyl chloride (PVC), nylon, polyolefin, and polyvinylidene fluoride (PVDF). Based on coating method, it is classified into electrostatic spray, and fluidized bed. Based on application, the market is categorized into appliances, automotive, architectural, furniture, agriculture construction, and earthmoving equipment (ACE). Based on region, the market is analyzed across East India, West India, North India, and South India.
Some of the major players analyzed in this report areAkzo 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.
KEY BENEFITS FOR STAKEHOLDERS
? Porter?s five forces analysis helps analyze the potential of buyers and suppliers and the competitive scenario of the industry for strategy building.
? This report outlines the current trends and future scenario of the India powder coatings 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 the key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
? By Resin Type
? Thermoset
? Thermoplastic
? By Coating Method
? Electrostatic Spray
? Fluidized Bed
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? 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
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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