India Water Borne Coatings Market Research Report, 2028

India's market for waterborne coatings has grown and changed significantly. Due to its favorable effects on the environment, reduced VOC emissions, and compliance with legal requirements, waterborne coatings are becoming more and more used in a variety of industries. Waterborne coatings are being used more frequently in industries like automotive, building, furniture, and industrial applications, according to the market. Waterborne coatings have expanded as a result of the Indian government's emphasis on sustainable development and strict environmental restrictions. The need for eco-friendly coatings in the nation has increased as a result of programs like the National Clean Air Programme (NCAP) and tougher VOC emission requirements. The transition to aqueous coatings has been facilitated by customers' growing awareness of the environmental and health risks posed by solvent-based coatings. The expansion of the construction sector, efforts to build new infrastructure, and the rising popularity of green building techniques all serve to increase the need for waterborne coatings. Both domestic and foreign producers have increased their presence in the Indian market to meet this expanding demand. To create cutting-edge aqueous coating formulas that offer better performance, durability, and aesthetic appeal, they are spending money on research and development. According to the research report "India Waterborne Coating Market Research Report, 2028," published by Actual Market Research, The India waterborne coating market is expected to grow at above 8.87% CAGR from 2023 to 2028. The Indian government has introduced stringent regulations to reduce VOC emissions and promote the use of environmentally friendly coatings. The Bureau of Indian Standards (BIS) has established standards for waterborne coatings, ensuring compliance with environmental and safety norms. These regulations have driven the adoption of waterborne coatings in various industries and have positioned India as a frontrunner in promoting sustainable coatings. Indian consumers are becoming increasingly aware of the health and environmental benefits of waterborne coatings. With rising concerns about air pollution and indoor air quality, consumers are actively seeking out coatings that emit fewer harmful chemicals. This heightened awareness has propelled the demand for waterborne coatings in residential and commercial applications. The waterborne coating market in India has witnessed significant investment in research and development. Manufacturers are focusing on developing customized solutions to meet the specific requirements of Indian industries and climatic conditions. This includes coatings with superior resistance to heat, humidity, and UV radiation, ensuring long-lasting performance in diverse environments. Indian consumers are increasingly inclined towards sustainable and eco-friendly products, including coatings. This shift in consumer preferences is not limited to urban areas but also extends to tier 2 and tier 3 cities. As a result, waterborne coatings are witnessing growing demand across different regions of the country, fostering sustainable development and environmental stewardship.

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Acrylic resin is widely used in the Indian market for aqueous coatings because of its adaptable qualities and diverse uses. Architectural coatings with acrylic resin-based aqueous coatings are frequently used on interior and outdoor surfaces, such as walls, ceilings, and facades. Additionally, they are widely used in the automotive sector for refinishing applications because they offer superior gloss, color retention, and durability. Waterborne coatings with an acrylic resin basis are also used in industrial coatings, wood coatings, and metal coatings because they have strong adhesion, chemical resistance, and weather ability. Acrylic resin is a popular option in the Indian waterborne coating industry for a variety of applications due to its adaptability and performance. Digital technologies are being integrated into the waterborne coating industry in India. Manufacturers are exploring the use of digital platforms for customer engagement, supply chain optimization, and product selection. Digital tools such as online color matching systems and virtual reality simulations are being employed to enhance the customer experience and improve efficiency. The Indian market for waterborne coatings hosts a number of notable expos and events. A venue for presenting and exchanging expertise, PaintIndia is an international expo and conference that focuses on coatings and raw materials. The Indian Coating Show is a yearly exhibition for the coatings business that provides chances for collaboration and networking in the waterborne coating industry. A trade expo called Chemspec India features fine and specialty chemicals, such as aqueous coatings, and promotes dialogue on innovation and sustainability. The Surface & Coatings Expo has a strong emphasis on surface treatment and coating technologies, allowing producers, suppliers, and end users to exhibit their goods and stay current with waterborne coatings research. In the Indian waterborne coating market, several market leaders have emerged with their innovative products and solutions. Asian Paints, a prominent player, has introduced a range of low-VOC waterborne coatings with excellent durability and environmental performance. Berger Paints has focused on eco-friendly and sustainable coatings, incorporating features such as self-cleaning and anti-microbial properties. Kansai Nerolac has developed high-performance waterborne coatings with fast drying and superior weather ability. AkzoNobel, a global leader, has introduced waterborne coatings with exceptional color and gloss retention. These market leaders' innovations address the growing demand for environmentally friendly coatings while providing superior performance characteristics, making them leaders in the Indian waterborne coating market. In a recent development in the India waterborne coating market, there has been a significant focus on bio-based waterborne coatings. Manufacturers are increasingly utilizing bio-based raw materials, such as plant extracts and renewable resources, to formulate sustainable coatings with lower environmental impact. This shift towards bio-based waterborne coatings is driven by the growing consumer demand for eco-friendly products and the need for reducing carbon footprints. Waterborne coatings tend to be costlier than solvent-based coatings, which may pose a challenge for wider adoption, particularly in price-sensitive markets. Manufacturers need to focus on cost optimization and efficiency to make waterborne coatings more affordable. Developing advanced waterborne coatings with properties comparable to solvent-based coatings can be challenging. Innovations are required to improve attributes like drying time, adhesion, and performance in extreme conditions to overcome these technological barriers. Creating awareness about the benefits of waterborne coatings among end-users, architects, and contractors is essential. Educating the market about the superior environmental performance, durability, and long-term cost-effectiveness of waterborne coatings can help overcome any resistance or skepticism. The increasing environmental consciousness among consumers and government regulations promoting sustainable practices present a significant opportunity for waterborne coatings in India. The demand for eco-friendly and low-VOC coatings is expected to rise, driving the adoption of waterborne coatings. India's rapid infrastructure development, including construction projects, presents a substantial opportunity for waterborne coatings. The need for high-performance coatings with durability, weather resistance, and aesthetic appeal in construction applications can be met by waterborne coatings. The expansion of various industries, such as automotive, aerospace, and electronics, creates opportunities for waterborne coatings. These industries require coatings that offer protection, corrosion resistance, and improved aesthetics, which waterborne coatings can provide.

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Kripa Shah

Senior Analyst

Considered in this report: • Geography: India • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report: • India Waterborne coating market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Resin Type: • Acrylic • Polyester • Alkyd • Epoxy • Polyurethane • PTFE • PVDF • PVDC

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By Application: • Architectural • Industrial The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age groups, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the waterborne coating market, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry