India Automotive Paints and Coatings Market Insights Report Overview

According to the latest market study by MarkNtel Advisors titled “India Automotive Paints and Coatings Market Industry Size, Share, Trends, Growth, Opportunity Analysis 2024-2030” presents a thorough examination of market drivers, opportunities and challenges.

Utilizing a quantitative approach, it offers precise insights into market size, share, and growth. Crafted by industry experts, the report delves into consumption patterns, geographical analysis, and competitive landscapes. Its objective is to furnish valuable insights for clients seeking to comprehend and leverage market dynamics. With a dual focus on historical achievements and future projections, it furnishes a nuanced understanding of the market terrain.

India Automotive Paints and Coatings Market Overview:

The India Automotive Paints and Coatings Market is estimated to grow at a CAGR of around 8.2% during the forecast period, i.e., (2024-30). 

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India Automotive Paints and Coatings Market Trend:

Growing Demand for Electric Vehicles Creating New Trends Across the Market – India's automotive landscape is experiencing a monumental shift as the demand for electric vehicles (EVs) surges. With increasing environmental awareness, government incentives, and advancements in technology, EVs are rapidly gaining traction in the Indian market, thus supporting the growth of paints & coatings in this industry. India with an alarming level of pollution increase in many of the cities has made it an attractive market for electric vehicles. These vehicles produce zero tailpipe emissions, making them an attractive choice for environmentally conscious consumers and government bodies committed to improving air quality, thus propelling the market’s growth.

Competitor Insight: India Automotive Paints and Coatings Market

This report focuses on major market participants like:

  • Asian Paints Limited
  • Berger Paints India Limited
  • Kansai Nerolac Paints Ltd
  • AkzoNobel India Ltd
  • BASF India Limited.
  • Jenson & Nicholson Paints Private Limited
  • Nippon Paint (India) Private Limited
  • Sheenlac Noroo Coatings India Private Limited
  • Esdee Paints Ltd
  • Taralac
  • Others

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Segmentation Summary: India Automotive Paints and Coatings Market

This segmentation analysis outlines prominent sections in the report's table of contents. Each segment undergoes thorough analysis, including sub-segments, to showcase both current and historical market sizes. The analysis underscores investment opportunities for rapid growth, particularly in the India Automotive Paints and Coatings Market, with notable highlighting on:

-By Application

  • OEM
  • Refinish

The OEM segment accounts for the potential share of the India Automotive Paints and Coatings Market. India's automobile industry has grown at a remarkable rate over recent decades to become one of the world's most rapidly developing markets. The demand for cars has grown steadily due to growth in the middle-class population and an increase in the standard of living, thereby encouraging automobile manufacturing across the country. This led to a significant increase in demand for automotive paints & coatings, particularly in the OEM segment.

-By Resin Type

  • Polyurethane- Market Size & Forecast 2019-2030, Thousand Tons
  • Epoxy- Market Size & Forecast 2019-2030, Thousand Tons
  • Acrylic- Market Size & Forecast 2019-2030, Thousand Tons
  • Alkyd- Market Size & Forecast 2019-2030, Thousand Tons
  • Polyester- Market Size & Forecast 2019-2030, Thousand Tons
  • Others (Fluoropolymers, Vinyl, etc.)- Market Size & Forecast 2019-2030, Thousand Tons

-By Composition

  • Water-based- Market Size & Forecast 2019-2030, Thousand Tons
  • Solvent-based- Market Size & Forecast 2019-2030, Thousand Tons
  • Powder-based- Market Size & Forecast 2019-2030, Thousand Tons

-By Coating type

  • E-coat- Market Size & Forecast 2019-2030, Thousand Tons
  • Primer- Market Size & Forecast 2019-2030, Thousand Tons
  • Basecoat- Market Size & Forecast 2019-2030, Thousand Tons
  • Clearcoat- Market Size & Forecast 2019-2030, Thousand Tons

-By Vehicle type

  • Two-wheelers- Market Size & Forecast 2019-2030, Thousand Tons
  • Passenger Cars- Market Size & Forecast 2019-2030, Thousand Tons
  • Medium & Heavy Commercial Vehicles- Market Size & Forecast 2019-2030, Thousand Tons
  • Light Commercial Vehicles- Market Size & Forecast 2019-2030, Thousand Tons

India Automotive Paints and Coatings Market Geographical Reach:

  • North
  • South
  • East
  • West

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Key Questions Addressed:

  • Factors Driving Market Growth: Understand the primary drivers propelling the India Automotive Paints and Coatings market forward.
  • Access to Reliable Reports: Learn where to access dependable market reports for informed decision-making.
  • Growth Projections: Gain insights into anticipated growth projections for the coming years.
  • Geographical Hotspots: Identify geographical poised for significant market growth soon.

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