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INDIA WOOD COATINGS MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

India Wood Coatings Market by Resin Type (Nitrocellulose, Polyurethane, Polyester, Acrylic, Other Resin Types) Market by Technology (UV-cured, Water-borne, Powder Coatings, Solvent-borne) Market by Application (Doors and Window, Furniture and Fixture, Cabinet, Floor, Deck)

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MARKET OVERVIEW

The India wood coatings market is predicted to grow at a CAGR of 5.04% during the forecast period, 2024-2032, and is projected to reach a revenue of $xx million by 2032.

The India wood coatings market growth is supported by a robust distribution network and the availability of a wide array of products through multiple retail channels. Additionally, increasing environmental concerns are pushing manufacturers to develop eco-friendly and low-VOC (volatile organic compounds) wood coatings, aligning with global sustainability trends.

The India wood coatings market segmentation includes resin type, application, and technology. The application segment includes doors and window, furniture and fixture, cabinet, floor, and deck.

India Wood Coatings Market

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As consumers increasingly prioritize home aesthetics, the demand for high-quality wood coatings that enhance the natural beauty of wood while providing robust protection has surged. Doors and windows, being critical elements of residential and commercial buildings, require coatings that not only preserve their appearance but also offer resistance to environmental factors such as UV radiation, moisture, and temperature fluctuations.

Technological advancements in coating formulations have led to the development of products with superior durability and ease of application. Water-based coatings, for instance, have gained popularity due to their lower environmental impact and improved performance characteristics. Additionally, the market is witnessing a shift towards eco-friendly and sustainable products, aligning with broader environmental regulations and consumer preferences.

The market’s growth is also influenced by the construction industry’s expansion, particularly in emerging economies where urbanization and infrastructural development are on the rise. This has resulted in increased demand for wood coatings for new installations of doors and windows, as well as for maintenance and refurbishment projects.

Key players in the market are focusing on innovation, offering a variety of finishes and color options to cater to diverse consumer tastes. Moreover, the trend of customization and personalized home designs has further fueled the demand for premium wood coatings.

Some of the key companies in the India wood coatings market are Nippon Paint Holdings Co Ltd, PPG Industries Inc, Asian Paints, etc.

PPG Industries Inc is a chemical manufacturer specializing in the production and sale of coatings, paints, specialty materials, and optical products. The company markets its products under the PPG brand and other well-known brands such as GLIDDEN, DULUX, OLYMPIC, RENNER, SIGMA, LIQUID NAILS, BRISTOL, HOMAX, PROMINENT PAINTS, GORI, BONDEX, and DANKE!, among others. 

These products are widely used in commercial transport, military, regional jet and general aviation aircraft, shipbuilding, bridges, rail cars, residential and commercial building maintenance, consumer decoration, automotive parts and accessories, transportation vehicles, e-passports, drivers’ licenses and identification cards, and optical lenses and color-changing products. PPG has a business presence across North America, Asia-Pacific, Latin America, and the Europe, Middle East, and Africa (EMEA) region. The company is headquartered in Pittsburgh, Pennsylvania, the United States.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast Units

Revenue ($ Million)

Segments Analyzed
Resin Type, Application, and Technology
Countries AnalyzedIndia
Companies Analyzed

Nippon Paint Holdings Co Ltd, PPG Industries Inc, Asian Paints, The Sherwin-Williams Company, RPM International Inc, Diamond Paints

TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. COUNTRY SNAPSHOT
    3. COUNTRY ANALYSIS
    4. MAJOR MARKET FINDINGS
      1. EMBRACING UV-CURABLE COATINGS TO ENHANCE EFFICIENCY
      2. TRANSITIONING TOWARD POWDER COATINGS
      3. GROWING UTILIZATION OF ANTI-GRAFFITI COATINGS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. RISING DEMAND FROM THE BUILDING & CONSTRUCTION INDUSTRY
      2. INCREASING DISPOSABLE INCOME AND SPENDING ON HOME IMPROVEMENT
      3. GROWING DEMAND FOR GREEN PRODUCTS MADE FROM RENEWABLE SOURCES
    2. KEY RESTRAINTS
      1. FLUCTUATING PRICES OF RAW MATERIALS AFFECTING PRODUCTION COSTS
      2. ENVIRONMENTAL REGULATIONS RESTRICT CERTAIN CHEMICALS
      3. COMPETITION FROM COMPOSITES AND PLASTICS
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. NANOTECHNOLOGY ENHANCES COATING PERFORMANCE
      2. CUSTOMIZATION FOR SPECIFIC APPLICATIONS LIKE FLOORING AND FURNITURE
      3. SMART COATINGS WITH SELF-HEALING & ANTIMICROBIAL PROPERTIES
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
      1. GROWTH PROSPECT MAPPING FOR INDIA
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
    6. VALUE CHAIN ANALYSIS
      1. RAW MATERIAL SOURCING AND PROCESSING
      2. PRODUCT INNOVATION AND TECHNOLOGY DEVELOPMENT
      3. SUPPLY CHAIN MANAGEMENT AND MARKET DISTRIBUTION
      4. CUSTOMER SUPPORT AND MAINTENANCE SERVICES
    7. KEY BUYING CRITERIA
      1. COATING PERFORMANCE AND WOOD COMPATIBILITY
      2. COST-EFFECTIVENESS AND VALUE ALIGNMENT FOR WOOD SURFACE APPLICATIONS
      3. RELIABILITY AND LONGEVITY OF COATINGS ON WOOD SURFACES
      4. SUPPLIER TRACK RECORD AND WOOD COATING EXPERTISE
  5. MARKET BY RESIN TYPE
    1. NITROCELLULOSE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. POLYURETHANE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. POLYESTER
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. ACRYLIC
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. OTHER RESIN TYPES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY TECHNOLOGY
    1. UV-CURED
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. WATER-BORNE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. POWDER COATING
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. SOLVENT-BORNE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY APPLICATION
    1. DOORS AND WINDOW
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. FURNITURE AND FIXTURE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. CABINET
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. FLOOR
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. DECK
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. NIPPON PAINT HOLDINGS CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      2. PPG INDUSTRIES INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      3. ASIAN PAINTS
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      4. THE SHERWIN-WILLIAMS COMPANY
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      5. RPM INTERNATIONAL INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      6. DIAMOND PAINTS
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: INDIA MARKET SNAPSHOT – WOOD COATINGS MARKET 

TABLE 2: INDIA WOOD COATINGS MARKET REGULATORY FRAMEWORK

TABLE 3: INDIA WOOD COATINGS MARKET, BY RESIN TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 4: INDIA WOOD COATINGS MARKET, BY RESIN TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 5: INDIA WOOD COATINGS MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 6: INDIA WOOD COATINGS MARKET, BY TECHNOLOGY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 7: INDIA WOOD COATINGS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 8: INDIA WOOD COATINGS MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 9: KEY PLAYERS OPERATING IN INDIA WOOD COATINGS MARKET

TABLE 10: LIST OF MERGERS & ACQUISITIONS

TABLE 11: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 12: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 13: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY TECHNOLOGY TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR INDIA

FIGURE 4: MARKET MATURITY ANALYSIS

FIGURE 5: MARKET CONCENTRATION ANALYSIS

FIGURE 6: INDIA WOOD COATINGS MARKET, GROWTH POTENTIAL, BY RESIN TYPE, IN 2023

FIGURE 7: INDIA WOOD COATINGS MARKET, BY NITROCELLULOSE, 2024-2032 (IN $ MILLION)

FIGURE 8: INDIA WOOD COATINGS MARKET, BY POLYURETHANE, 2024-2032 (IN $ MILLION)

FIGURE 9: INDIA WOOD COATINGS MARKET, BY POLYESTER, 2024-2032 (IN $ MILLION)

FIGURE 10: INDIA WOOD COATINGS MARKET, BY ACRYLIC, 2024-2032 (IN $ MILLION)

FIGURE 11: INDIA WOOD COATINGS MARKET, BY OTHER RESIN TYPE, 2024-2032 (IN $ MILLION)

FIGURE 12: INDIA WOOD COATINGS MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2023

FIGURE 13: INDIA WOOD COATINGS MARKET, BY UV-CURED, 2024-2032 (IN $ MILLION)

FIGURE 14: INDIA WOOD COATINGS MARKET, BY WATER-BORNE, 2024-2032 (IN $ MILLION)

FIGURE 15: INDIA WOOD COATINGS MARKET, BY POWDER COATING, 2024-2032 (IN $ MILLION)

FIGURE 16: INDIA WOOD COATINGS MARKET, BY SOLVENT-BORNE, 2024-2032 (IN $ MILLION)

FIGURE 17: INDIA WOOD COATINGS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023

FIGURE 18: INDIA WOOD COATINGS MARKET, BY DOORS AND WINDOW, 2024-2032 (IN $ MILLION)

FIGURE 19: INDIA WOOD COATINGS MARKET, BY FURNITURE AND FIXTURE, 2024-2032 (IN $ MILLION)

FIGURE 20: INDIA WOOD COATINGS MARKET, BY CABINET, 2024-2032 (IN $ MILLION)

FIGURE 21: INDIA WOOD COATINGS MARKET, BY FLOOR, 2024-2032 (IN $ MILLION)

FIGURE 22: INDIA WOOD COATINGS MARKET, BY DECK, 2024-2032 (IN $ MILLION)

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