インドの工業用塗料・コーティング市場の評価：製品タイプ別、タイプ別、用途別、エンドユーザー別、地域別、機会、予測、2018年～2032年

インドの工業用塗料・コーティング市場は、2025年から2032年の予測期間中にCAGR8.27％を記録し、2024年の29億米ドルから、2032年には54億8,000万米ドルに成長すると予測されます。

インドの工業用塗料・コーティング市場は、急成長する同国のインフラ、自動車、製造部門の基盤を形成しています。工業用塗料は、建設工事、機械、自動車製造の保護、耐久性の向上、美観の向上に不可欠です。このような高性能への要求から、メーカー各社は、都市化と工業化のレベルが高まる中で、革新性、持続可能性、多様なニーズに対応できるカスタマイズされたソリューションに重点を置くようになっています。さらに、環境に優しい慣行と最新技術が環境を変えつつあります。

例えば、2023年9月、Nippon Paint Holdings（NPHD）は、Nippon Paint（India）Private Limited（NPI）とBerger Nippon Paint Automotive Coatings Private Limited（BNPA）の株式を取得すると発表しました。今回の買収では、NPHDが直接NPI株式を取得し、子会社であるNippon Paint Automotive Coatings（NPAC）がBNPA株式を取得します。

この戦略的措置は、NPHDが急速に成長するインドの工業用塗料・コーティング市場における足場を拡大する意向を示しています。NPHDは、現地の専門知識を活用し、新製品を導入することで、インド産業の新たな需要に効果的に対応するための製品提供を強化する計画です。今回の買収は、インドが重要な市場であることに加え、インドの産業成長の可能性を利用しようとする世界の関心の高まりを反映したものです。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 顧客の声

• 回答者の人口統計
• 購入決定時に考慮される要素
  • 製品タイプ
  • 応募要件
  • ブランドの評判
  • 価格競争力

第5章 インドの工業用塗料・コーティング市場の展望、2018年～2032年

• 市場規模の分析と予測
  • 金額別
  • 数量別
• 市場シェア分析と予測
  • 製品タイプ別
    • 水性
    • 溶剤ベース
  • タイプ別
    • 自動車・補修用コーティング
    • 保護コーティング
    • 粉体塗装
    • 一般工業用コーティング
    • その他
  • 用途別
    • OEM・特殊用途
    • 建築
    • その他
  • エンドユーザー別
    • 自動車
    • 海洋
    • 一般産業
    • その他
  • 地域別
    • 北部
    • 南部
    • 東部
    • 西部・中部
  • 企業別市場シェア分析（上位5社とその他-金額別、2024年）
• 市場マップ分析、2024年
  • 製品タイプ別
  • タイプ別
  • 用途別
  • エンドユーザー別
  • 地域別

すべてのセグメントは、対象地域すべてに提供されます。

第6章 ポーターのファイブフォース分析

第7章 PESTLE分析

第8章 市場力学

• 市場促進要因
• 市場の課題

第9章 市場の動向と発展

第10章 ケーススタディ

第11章 競合情勢

• 上位5社の市場リーダーの競合マトリックス
• 上位5企業のSWOT分析
• 市場上位10の主要企業の情勢
  • Asian Paints PPG Private Limited
  • 会社概要
  • 主要経営陣
  • 製品とサービス
  • 財務状況（報告通り）
  • 主な市場フォーカスと地理的プレゼンス
  • 最近の動向/コラボレーション/ パートナーシップ/合併と買収
  • Berger Paints India Limited
  • Akzo Nobel India Limited
  • Kansai Nerolac Paints Limited
  • Shalimar Paints Limited
  • Jotun India Private Limited
  • Nippon Paint（India）Private Limited
  • JSW Paints Private Limited
  • Sherwin-Williams Coatings India Private Limited
  • BASF Coatings（India）Private Limited

上記の企業は市場シェアに基づいて注文を保留しておらず、調査作業中に入手可能な情報に基づいて変更される可能性があります。

第12章 戦略的提言

第13章 調査会社について・免責事項

List of Tables

• Table 1. Competition Matrix of Top 5 Market Leaders
• Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 3. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Industrial Paint and Coating Market, By Value, In USD Billion, FY2018-FY2032F
• Figure 2. India Industrial Paint and Coating Market, By Volume, In Million Liters, FY2018-FY2032F
• Figure 3. India Industrial Paint and Coating Market Share (%), By Product Type, FY2018-FY2032F
• Figure 4. India Industrial Paint and Coating Market Share (%), By Type, FY2018-FY2032F
• Figure 5. India Industrial Paint and Coating Market Share (%), By Application, FY2018-FY2032F
• Figure 6. India Industrial Paint and Coating Market Share (%), By End-user, FY2018-FY2032F
• Figure 7. India Industrial Paint and Coating Market Share (%), By Region, FY2018-FY2032F
• Figure 8. By Product Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 9. By Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 10. By Application Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 11. By End-user Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 12. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024

India industrial paint and coating market is projected to witness a CAGR of 8.27% during the forecast period FY2025-FY2032, growing from USD 2.90 billion in FY2024 to USD 5.48 billion in FY2032.

India's industrial paint and coating market forms the bedrock of a fast-growing country's infrastructure, automobiles, and manufacturing sectors. Industrial coating is essential to protect, extend durability, and add aesthetic beauty to construction work, machinery, and vehicle manufacturing. This requirement for high performance has led manufacturers to focus on innovations, sustainability, and customized solutions that can match varied needs amid growing levels of urbanization and industrialization. Moreover, environmentally friendly practices and modern technologies are changing the environment.

For instance, in September 2023, Nippon Paint Holdings (NPHD) announced that it would acquire shares in Nippon Paint (India) Private Limited (NPI) and Berger Nippon Paint Automotive Coatings Private Limited (BNPA). In this deal, NPHD will buy direct NPI shares, and one of its subsidiary companies, Nippon Paint Automotive Coatings (NPAC), will buy BNPA shares.

This strategic step indicates NPHD's intent to expand its foothold in India's rapidly growing industrial paint and coating market. It plans to enhance its offerings to effectively meet the emerging demand of Indian industries by leveraging local expertise and introducing new products. The acquisition further signifies that India, along with being an important market, also reflects a growing global interest in tapping into India's industrial growth potential.

Technological Advancements and Industrial Expansion Spearhead Market Growth

India industrial paint and coating market is driven by the rapid industrialization and urbanization of the country. Expanding infrastructure projects, the growing automotive sector, and increasing investments in manufacturing facilities have significantly boosted the demand for industrial paints and coatings. The Indian government's initiatives, such as Make in India and Smart Cities Mission, have further accelerated industrial activities, leading to increased consumption of paints and coatings across various sectors, including general industries, automotive, and marine industries.

Advances in technologies and one of the major shifts towards eco-friendly and sustainable products also influence the market. With stringent environmental regulations, increased awareness, and consumer pressure, manufacturers focus on developing low-VOC and waterborne coatings. This potential would not only align with the global sustainability trend but also provide significant growth opportunities for the respective market players.

In addition, the automotive market remains a main driver of the demand for protective and decorative specialties in coatings. For instance, in May 2022, BASF expanded its Automotive Coatings Application Centre in Mangalore, India. The center was designed with advanced technology, having precision climate-controlled spray booths and electrostatic rotary bell applicators. Such a state-of-the-art facility enables the company to improve its delivery of customer solutions and develop the latest technology for automotive coating. The further expansion of its center is for strategic reasons to meet the increasing requirements for high-grade coatings solutions in India.

Growing Usage of Industrial Paint and Coating Market in the Marine Industry

Indian industrial paint and coating market has above-average growth in the marine sector. The growing need for protective coating in many industrial sectors, including those that specifically apply to marine uses, is due to increasing corrosion control awareness and demand for durable, high-performance coatings. This is especially critical for naval vessels operating in harsh marine environments where corrosion poses significant problems. This is further driven by the Indian government's efforts to strengthen maritime infrastructure and increase the naval fleet.

The market is experiencing a trend shift toward eco-friendly and sustainable coating solutions. Owing to increasingly strict environmental regulations, manufacturers seek to develop low-VOC and solvent-free products that combine performance and sustainability requirements. Innovations in coating technologies, including advanced epoxy formulations, are now essential to meeting the marine industry's special needs.

A significant development in this field was achieved in September 2024, when the Indian Navy developed a solvent-free anticorrosive coating paint for naval ship protection. This patented innovation brings a new epoxy resin composition that enhances the durability and lifespan of naval vessels by providing an advanced protective shield against corrosion. It is an innovation for redress and a crucial step forward in India.

Automotive and Refinish Coating Dominates India Industrial Paint and Coating Market

The automotive and refinish coatings account for a relatively important share of India's industrial paint and coating market. This can be attributed to the fact that coatings play a critical role within the automotive industries, as they protect vehicles against environmental factors, and enhance their aesthetic appeal and durability, with a heightened focus on maintaining existing vehicles and evolving consumer preferences such as vehicle individualization.

Automotive coatings are applied in original equipment manufacturing and refinished aftermarkets. In the original equipment manufacturing aspect, they add corrosion resistance and aesthetic appeal, giving a lasting finish to the new vehicles. In the case of refinishing, it answers the need to repair and restore damaged vehicles, so they retain their original look. Given that more people drive vehicles today and the fact that more attention is given to maintaining a vehicle, the refinishing segment has seen increased market share.

The market dominance of this segment is further supported by technological advancements in coatings. Eco-friendly water-based coatings, high-performance clear coats, and UV-curable products are some innovations that have ameliorated the efficiency and sustainability of automotive paints. Moreover, growing consumer demand for bright colors and special finishes also adds to the demand.

West Region Emerges as the Domineering Force in the Industrial Paint and Coating Market

The western region of India, especially the states of Maharashtra, Madhya Pradesh and Gujarat, has become the leader in the country's industrial paint and coating market. This is because of the high concentration of industrial activities in these states, which has increased demand for paints and coatings across various sectors.

Major players in this industry have increased their footprint on the western seaboard, particularly since demand would grow with the market. In January 2023, Asian Paints, a leading paint company in India initiated the process for establishing a new unit for water-based paints in Madhya Pradesh. It could manufacture 0.4 million kiloliters yearly with an investment of around USD 241.2 million and boasts the latest equipment to produce environmentally friendly paints and intermediates. This strategic decision shows Asian Paints' emphasis on sustainability with the growing market for water-based decorative paints. The plant is expected to be commissioned three years after the land acquisition.

Future Market Scenario (FY2025 - FY2032F)

India is rapidly urbanizing and developing infrastructure, such as roads, bridges, and industrial facilities, which increases the demand for infrastructure paints and coatings. Protective coatings will be in high demand to extend the service life of structures in harsh environments.

Environmental consciousness is increasing; therefore, a lot of eco-friendly, low-VOC paints and coatings are expected to replace the traditional varieties. Water-based and bio-based products will gain importance for sustainability requirements.

Innovations that will be taken to the next level include smart coatings with self-healing or anti-corrosive properties. These new advanced solutions are going to reach the industries, which require some specific applications: energy, defense, and electronics.

India's automobile industry is rapidly expanding, and due to the increasing market value of electric vehicles (EVs), there will be significant demand for new light, heat-resistant coatings. These coatings will enhance energy efficiency while also improving vehicle aesthetics.

Key Players Landscape and Outlook

The Indian industrial paint and coating market is witnessing immense growth due to the increased demand from various sectors such as the automotive, construction, and manufacturing industries. Some dominant players underscore increasing distribution networks, new-age product offerings, and sustainability, positioning them well. In addition, the adoption of powder coatings and water-based paints has become a focus area for improving the performance and durability of products.

For instance, in May 2024, JSW Paints announced its entry into the automotive coating business after the SAIC Motor Group of China inked a deal with the JSW Group through its subsidiary, MG Motors. The JSW Group aims to develop automotive coatings in-house but is still not ruling out joint ventures for speedy market entry. The JSW MG Motors India joint venture allows JSW a 35% stake and the potential to almost triple vehicle capacity.

In April 2024, BASF announced the expansion of its e-coat manufacturing facility in Mangalore, India. This expansion will help the company to manufacture the latest generation of e-coat products such as CathoGuard 800 RE in India. The growing demand for e-coat solutions from automotive OEM customers in India and the ASEAN market helps the company establish a strong position in the market.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Respondent Demographics
• 4.2. Factors Considered in Purchase Decisions
  • 4.2.1. Product Type
  • 4.2.2. Application Requirements
  • 4.2.3. Brand Reputation
  • 4.2.4. Price Competitiveness

5. India Industrial Paint and Coating Market Outlook, FY2018-FY2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Product Type
    • 5.2.1.1. Water-Based
    • 5.2.1.2. Solvent-Based
  • 5.2.2. By Type
    • 5.2.2.1. Automotive and Refinish Coating
    • 5.2.2.2. Protective Coating
    • 5.2.2.3. Powder Coating
    • 5.2.2.4. General Industrial Coating
    • 5.2.2.5. Others
  • 5.2.3. By Application
    • 5.2.3.1. OEM and Special Purpose
    • 5.2.3.2. Architectural
    • 5.2.3.3. Others
  • 5.2.4. By End-user
    • 5.2.4.1. Automotive
    • 5.2.4.2. Marine
    • 5.2.4.3. General Industries
    • 5.2.4.4. Others
  • 5.2.5. By Region
    • 5.2.5.1. North
    • 5.2.5.2. South
    • 5.2.5.3. East
    • 5.2.5.4. West and Central
  • 5.2.6. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
• 5.3. Market Map Analysis, FY2024
  • 5.3.1. By Product Type
  • 5.3.2. By Type
  • 5.3.3. By Application
  • 5.3.4. By End-user
  • 5.3.5. By Region

All segments will be provided for all regions covered

6. Porter's Five Forces Analysis

7. PESTLE Analysis

8. Market Dynamics

• 8.1. Market Drivers
• 8.2. Market Challenges

9. Market Trends and Developments

10. Case Studies

11. Competitive Landscape

• 11.1. Competition Matrix of Top 5 Market Leaders
• 11.2. SWOT Analysis for Top 5 Players
• 11.3. Key Players Landscape for Top 10 Market Players
  • 11.3.1. Asian Paints PPG Private Limited
    • 11.3.1.1. Company Details
    • 11.3.1.2. Key Management Personnel
    • 11.3.1.3. Products and Services
    • 11.3.1.4. Financials (As Reported)
    • 11.3.1.5. Key Market Focus and Geographical Presence
    • 11.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 11.3.2. Berger Paints India Limited
  • 11.3.3. Akzo Nobel India Limited
  • 11.3.4. Kansai Nerolac Paints Limited
  • 11.3.5. Shalimar Paints Limited
  • 11.3.6. Jotun India Private Limited
  • 11.3.7. Nippon Paint (India) Private Limited
  • 11.3.8. JSW Paints Private Limited
  • 11.3.9. Sherwin-Williams Coatings India Private Limited
  • 11.3.10. BASF Coatings (India) Private Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

12. Strategic Recommendations

13. About Us and Disclaimer