MarkNtel Advisors has just published a new research report titled "India Automotive Paints and Coatings Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". This study provides an extensive analysis of market drivers, segmentation, growth opportunities, trends, and competitive landscape, aiming to provide insights into current and future market scenarios.

What insights and analysis does the report provide on the India Automotive Paints and Coatings market from 2024 to 2030?

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

To obtain further details about this report, please request a sample copy – https://www.marknteladvisors.com/query/request-sample/india-automotive-paints-coatings-market.html

India Automotive Paints and Coatings Market by Segments

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

By Application

• OEM- Market Size & Forecast 2019-2030, Thousand Tons
• Refinish- Market Size & Forecast 2019-2030, Thousand Tons

A comprehensive report on the India Automotive Paints and Coatings Market is available now- https://www.marknteladvisors.com/research-library/india-automotive-paints-coatings-market.html

India Automotive Paints and Coatings Market Report Segment by Regions

• North
• South
• East
• West

What are the current trends in the India Automotive Paints and Coatings Market?

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. For instance

• In 2023, Hyundai launched its new electric vehicle by the name Ioniq 5 under its flagship product line. This new EV vehicle launched will be assembled in India only.  

The Indian government has played a pivotal role in promoting electric vehicles. Initiatives such as the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme provide financial incentives, including subsidies and tax benefits, to both manufacturers and consumers. Additionally, some states offer additional incentives to encourage the adoption of EVs, thus supporting the growth of EVs, which in turn will enhance the market size of the Automotive Paints and Coatings Market in India.

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Who are the key players in the India Automotive Paints and Coatings Market?

• 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

Questions Addressed in this Study

1. What factors are driving the India Automotive Paints and Coatings Market growth?
2. How is the India Automotive Paints and Coatings Market expected to grow over the next five years?
3. What are the key insights into the current trends in the India Automotive Paints and Coatings Market?
4. What is the current size of the India Automotive Paints and Coatings Market, and how is it projected to change in the future?
5. What is the future outlook for the India Automotive Paints and Coatings Market in terms of technological advancements and market expansion?

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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