India Surface Treatment Market to Grow with a CAGR of 5.94% through 2029
Growing demand of surface treatment in packaging
industry is expected to drive the India Surface Treatment Market growth in the
forecast period, 2025-2029.
According to TechSci Research report, “India
Surface Treatment Market- By Region, Competition, Forecast
and Opportunities, 2019-2029”, the India Surface Treatment Market stood at USD382.48 million in 2023 and is anticipated to grow with a CAGR of 5.94% in the forecast
period, 2024-2029. Initiatives taken by government based on surface treatment has
led to favorable market conditions for the India Surface Treatment Market.
Several factors contribute to the growth of various surface treatment products.
The government is taking proactive measures to
optimize the use of surface and ground water resources, while also
strengthening flood management strategies. These comprehensive efforts include
the implementation of advanced treatment technologies to ensure the suitability
of surface water for various purposes. As a result, there is a growing demand
for innovative surface treatment solutions that can effectively address water
treatment challenges.
In line with promoting public health and safety, the government
has been actively supporting research initiatives focused on developing
antimicrobial coatings for various surfaces. This research aims to enhance the
functionality of Personal Protective Equipment (PPE) by incorporating
antimicrobial properties. Given the significance of surface treatment in this
context, there is a notable impact on the surface treatment sector, especially
in the development and application of antimicrobial surface treatments that can
help mitigate the spread of harmful pathogens and ensure safer environments.
The packaging industry in India is experiencing
remarkable growth, driven by the increasing consumerism, evolving lifestyle
trends, and the thriving e-commerce sector. As the industry expands and
evolves, there is a growing need for packaging solutions that not only provide
excellent protection for products but also enhance their aesthetic appeal. This
is where surface treatment technologies play a crucial role.
Surface treatments offer a wide range of benefits that
can significantly improve the performance and durability of packaging
materials. By applying surface treatments, manufacturers can ensure that
products reach consumers in optimal condition, maintaining their quality and
integrity throughout the entire supply chain. For example, surface treatments
can enhance the printability of plastic bags, allowing for vibrant and
eye-catching designs that grab the attention of consumers. Additionally,
surface treatments can improve the barrier properties of food containers,
ensuring that the products inside remain fresh and protected from external
elements.
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The India Surface Treatment Market is segmented into chemical
type, material, end user, regional distribution, and company.
Based on its material, the plastics segment held the
largest market share in the forecast period. The growth of the plastics segment
in the market can be attributed to its numerous advantages over metals in
various industries such as transportation and construction. Plastics, being
lightweight, are preferred as they contribute to fuel efficiency and ease of
handling. Additionally, plastics offer flexibility in terms of fabrication, as
they can be easily formed and machined to meet specific requirements. Furthermore,
plastics require reduced finishing, saving time and costs in the production
process.
In the automotive industry, plastics are gaining
popularity due to their lightweight nature, which leads to improved fuel
economy and reduced emissions. Moreover, plastics exhibit better chemical
resistance compared to metals, making them suitable for applications that
require resistance to harsh environments.
Chemical polishing is a highly effective treatment
method used for aesthetic surface treating and pre-treatments for other surface
finishes. It enhances the visual appeal of the products and improves their
overall quality.
Phosphating, on the other hand, is a chemical process
used for treating the surface of steel. It involves the formation of barely
soluble metal-phosphate layers on the base material, which improves corrosion
resistance and enhances the adhesion of subsequent coatings.
Passivation is another chemical treatment applied to
the surface of stainless steel. It removes contaminants and promotes the
formation of a continuous chromium-oxide passive film, which provides
exceptional corrosion resistance and prolongs the lifespan of the material.
By leveraging the unique properties and advantages of
plastics, industries can achieve improved performance, durability, and
cost-efficiency in their end products.
Based on region, West India segment is expected to
grow during the forecast period.
In the western region of India, there exists a vibrant
ecosystem of research institutions and universities dedicated to the
development of cutting-edge surface treatment technologies. These institutions,
through their relentless focus on research and development, play a pivotal role
in driving innovation and propelling the market forward. Their commitment to
pushing the boundaries of knowledge and technological advancements contributes
significantly to the region's undeniable dominance in this field.
Major companies operating in India Surface Treatment
Market are:
- Chemetall India Pvt. Ltd.
- PPG Asian Paints Pvt. Ltd.
- Nippon Paint India Pvt. Ltd.
- Solvay Specialities India Private Limited
- Yuken India Limited
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“Growing application of surface treatment in various
end user industries are key drivers of the surface treatment market. Growth in competitive
landscape and presence of well-established companies in the market who are
dedicated to enhance their productivity of surface treatment chemicals with
every passing year are anticipated to register an impressive growth to India
Surface Treatment Market in the forecast period.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“India Surface Treatment Market
By Chemical Type (Cleaners, Plating Chemicals, Conversion Coating, Others), By Material (Metals,
Plastics, Others), By End User (Transportation, Construction, Packaging,
Industrial, Others), By
Region, By Competition Forecast
& Opportunities, 2019-2029”, has evaluated the future growth potential of India
Surface Treatment Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in India Surface Treatment
Market.
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