India Anti-Corrosion Coating Market Overview, 2029

India's anti-corrosion coating market has grown dramatically over the last few decades, owing to the country's fast industrialisation, infrastructural development, and expanding manufacturing sectors. Historically, the market relied heavily on imported goods, with minimal local production capacity. However, as India's industrial base expanded, so did the demand for domestic production of high-quality coatings to safeguard infrastructure and equipment from corrosion. The government's emphasis on "Make in India" and self-sufficiency has fuelled market expansion, with a desire to increase domestic manufacturing and reduce reliance on imports. Also, there has been a growing emphasis on sustainability, with a shift towards ecologically friendly coatings motivated by both regulatory requirements and increased awareness of environmental issues. The early stages of the pandemic witnessed a pause in construction, which temporarily lowered demand for coatings. However, the market began to rebound as the government implemented economic stimulus measures and resumed infrastructure projects. The pandemic also highlighted the significance of maintaining essential infrastructure, increasing demand for maintenance coatings and refocusing attention on the resilience and endurance of protective coatings. A mix of legislative reforms and economic trends determine current market conditions. The Indian government has created a number of rules to control the use of anti-corrosion coatings, with a focus on environmental safety and worker health. The Central Pollution restrict Board (CPCB) and the Ministry of Environment, Forest, and Climate Change (MoEFCC) have established rules to restrict emissions of volatile organic compounds. According to the research report "India Anti-Corrosion Coating Market Overview, 2029," published by Bonafide Research, the India anti-corrosion coating market is expected to reach a market size of more than USD 1,800 Million by 2029. As India continues to invest extensively in infrastructure development, such as roads, bridges, railroads, and ports, there is an increasing demand for high-quality anti-corrosion coatings. These coatings are critical to India's economic growth and industrial stability because they increase the life of infrastructure and equipment while lowering maintenance costs and assuring operational safety. Several main trends are influencing the Indian anti-corrosion coatings industry. There is a noticeable shift towards high-performance coatings that are more durable and resistant to harsh weather conditions. This involves the use of modern technologies such as nano-coatings and smart coatings, which offer improved protection and self-healing capabilities. Also, the market is seeing a growth in demand for environmentally friendly coatings, owing to both regulatory constraints and a growing preference for sustainable solutions. The market is dominated by major manufacturers such as Asian Paints, Berger Paints, Kansai Nerolac, AkzoNobel, PPG Industries, and Jotun, all of whom provide a diverse range of anti-corrosion coatings customised to specific industrial requirements. These corporations invest extensively in R&D to create new goods and improve old ones. Many Indian enterprises are creating strategic alliances with overseas players in order to gain access to cutting-edge technologies and broaden their product offerings. These collaborations are frequently focused on producing new, sustainable coatings that comply with local regulations while satisfying the high-performance requirements of various sectors.

Demand for anti-corrosion coatings in India is driven by numerous important industries, including construction and infrastructure, oil and gas, industrial, marine, energy and power, and automotive. Each sector has unique corrosion protection needs, which influence the types of coatings employed as well as overall market dynamics. Among these segments, the Construction and Infrastructure sector currently leads the market. This leadership is motivated by the government's enormous infrastructure building programs, as well as the critical need for long-lasting coatings capable of protecting public assets from India's diverse and often severe climate. With continuous government efforts such as the "Smart Cities Mission" and large-scale infrastructure projects, the demand for long-lasting, high-performance coatings is strong. The oil and gas industry is another significant user of anti-corrosion coatings. This industry requires coatings that can survive adverse conditions such as saltwater, chemicals, and extreme temperatures. Coatings are used to prevent corrosion in pipelines, storage tanks, and offshore platforms, which can result in leaks, safety problems, and costly repairs. The industrial sector, which includes manufacturing, chemical processing, and equipment production, relies significantly on anti-corrosion coatings to preserve machinery, storage tanks, and metal buildings. These coatings are critical for preserving operational efficiency, avoiding downtime, and extending the useful life of industrial assets. Coatings are used in the energy and power sectors to prevent corrosion on equipment such as wind turbines, solar panels, and power plant infrastructure. With India's emphasis on increasing its renewable energy potential, there is a growing demand for coatings that not only guard against corrosion but also improve energy efficiency. The automotive industry is also an important market for anti-corrosion coatings in India. These coatings protect vehicle bodywork and components from rust and corrosion, assuring their durability and visual attractiveness. India's automobile sector, one of the world's largest, is constantly looking for novel coatings that increase vehicle longevity and lower maintenance costs. Epoxy, acrylic, alkyd, polyurethane, and zinc-based coatings all play important roles in India's anti-corrosion coating market, catering to varied industry needs and climatic circumstances. Epoxy coatings now lead the market in India. Epoxy coatings dominate because of their exceptional durability, chemical resistance, and flexibility to varied climatic conditions, making them the preferred choice for essential applications in a wide range of industries, including oil and gas, maritime, and construction. Berger Paints is one of India's major paint firms, providing a variety of epoxy coatings for industrial purposes. They offer epoxy primers, topcoats, and high-performance coatings. This joint venture between PPG Industries and Asian Paints provides a diverse range of epoxy coatings for industrial, marine, and infrastructure applications. Acrylic coatings are gaining popularity in the Indian market, particularly in the building and automotive industries. Acrylic coatings, which are known for their UV resistance, colour retention, and environmental friendliness, are frequently employed on external surfaces that must have both aesthetic appeal and longevity. Alkyd coatings are widely employed in applications where cost-effectiveness and convenience of application are critical factors. These coatings provide good weather resistance and are often used on metal surfaces, machinery, and equipment in less demanding situations. However, alkyd coatings have lower chemical resistance and endurance than epoxy or polyurethane coatings, making them appropriate for situations that do not require high-performance coatings. Zinc-based coatings are largely employed because of their superior galvanic resistance, which prevents rust on steel structures. These coatings are particularly common in the building and infrastructure industries, as well as in the oil and gas business, where they act as a priming layer in multi-coat systems. Zinc coatings give cathodic protection, which is extremely effective at preventing corrosion in steel structures exposed to corrosive conditions. Solvent-based, water-based, and powder coatings are the most often utilised types of anti-corrosion coatings in India's diverse sectors. Each type has unique qualities and advantages that influence its acceptance based on application needs and environmental concerns. Water-based coatings now dominate the market in India. This leadership is fuelled by rigorous environmental rules, rising consumer awareness of sustainability, and the Indian government's initiatives to promote eco-friendly practices across industries. Water-based coatings are more appealing than solvent-based coatings due to their low VOC content and lower environmental effect, especially in industries where regulatory compliance and environmental considerations are crucial. Powder coatings are also gaining traction in India's anti-corrosion coating sector. These coatings do not require solvents, making them VOC-free and eco-friendly. Powder coatings provide high durability, corrosion resistance, and a consistent surface, making them perfect for automotive, appliance, and general industrial use. Manufacturers like the powder coating process's efficiency, which results in minimum waste and lower operational expenses. Solvent-based coatings have long dominated India's anti-corrosion coating market due to its superior adhesion, durability, and adaptability in severe settings. These coatings are commonly utilised in industries such as oil and gas, maritime, and heavy manufacturing, where resistance to harsh weather, chemicals, and moisture is critical.

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Manmayi Raval

Research Consultant

Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Anti-Corrosion Coating market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By End Users • Construction and Infrastructure • Oil and Gas • Industrial • Marine • Energy and Power • Automotive • Others (Including Aerospace, Defense, etc.)

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By Type • Epoxy • Acrylic • Alkyd • Polyurethane • Zinc • Others (Including Fluoropolymer, Ceramic, etc.) By Technology • Solvent-based • Water-based • Powder coatings • Others (UV-cured, etc.) The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone 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 making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Anti-Corrosion Coating industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.