India White Putty Market to Grow at a high CAGR until 2028
The rising number of
construction projects and growing demand for white cement-based primers are
expected to increase the growth of White Putty Market during the forecast
period 2024-2028.
According to TechSci Research report, “White Putty Market - India Industry Size,
Share, Trends, Opportunity, and Forecast. 2018–2028F, the India White Putty
Market is anticipated to register a robust growth during the forecast period
2024-2028”. The market for affordable commodities,
like white putty, has grown significantly over the past few decades. In the
upcoming years, the expansion of the white putty market is anticipated to be
significantly aided by the nation's developing construction industry. Due to
the increasing number of white putty manufacturers, the market for white putty
is increasingly fragmented. Some of the key aspects that are anticipated to
drive up the demand for white putty in the near future include the enormous
growth of the construction industry, the exponential rise in the number of
infrastructure development projects across the nation, and residential and
commercial projects.
Moreover, both concrete and plastered
surfaces hold up well to white putty. As a result, it create a smooth
undulation-free surface for paint finish when applied to the exterior or
interior walls of a home. Excellent adhesion strength, workability, vapor
permeability control, and abrasion resistance are all features of white putty.
It also prevents algae and fungi from growing on the wall. In addition, white
putty has a great finish and paint effect. White putty is expected to rise as a
result of home improvement activities and a shorter repainting cycle. Because
white putty is primarily used in painting applications, the rise in renovation
and reconstruction activities around the country is expected to propel the
market for white putty. In order to achieve smooth and uniform interiors for
repainting walls, white putty is increasingly being used to correct curve
deviation of interior wall surfaces.
Major Opportunities for India White
Putty Market
- Players
operating in the white putty market have the opportunity to develop new and
innovative products to acquire large share of India white putty market.
- Increasing
in demand for specialized products, owing to changing lifestyle, urbanization,
and growth in preference of decorative houses and commercial places is
projected to create lucrative opportunities for modification and development of
specialized products.
- Rise
in demand for paints, and incentives offered to paint suppliers by white putty
manufacturers for the sales of white putty with paints are expected to drive
the demand for white putty during the forecast period.
Browse over XX market
data Figures spread through XX Pages and an in-depth TOC on "India White Putty Market.”
India White Putty Market is segmented into surface of
application, purity, pack size, type, end use and region. Based on surface
of application, the market is segmented into interior and exterior. Based on
purity, the market is segmented into 99% and >99%. Based on pack size, the
market is segmented into Up to 5 Kg, 20Kg, 30Kg, 40Kg & above. Based on
type, the market is segmented into cement based and acrylic based. Based on end
use, the market is segmented into residential, commercial, industrial &
infrastructure.
On the basis of surface of application
segment, the market is categorized into interior and exterior, with the former
accounting for the majority market share owing to the use of white putty for
preparing the walls before painting, by smoothening them. Also, it is easy to
apply putty in interior surfaces. Based on purity, the market can be divided
into 99% and >99%. The >99% purity segment is expected to hold
significant market share since most of the established brands are claiming for
100% purity of their product. The market can be divided into residential,
commercial, industrial, and infrastructural segments based on end use. Due to
the use of putty in the residential sector for a variety of applications,
including padding electrical boxes, filling cracks and holes, etc., putty is
likely to dominate the market throughout the projection period.
Major
market players operating in the India White Putty Market are:
- UltraTech Cement Ltd.
- J.K. Cement Limited
- Asian Paints Ltd.
- AkzoNobel India Ltd.
- Kansai Nerolac Paints Limited
- Berger Paints India Limited
- Sika India Pvt. Ltd.
- Walplast Products Pvt. Ltd.
- Sakarni Plaster (India) Private Limited
- Surya Wall-Care Chem Pvt. Ltd.
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“The market for white putty is expanding quickly due to the high demand for
aesthetics in the building sector. The need for white putty rises as a result
of extensive home building. Additionally, as the usage of sustainable goods for
a variety of interior applications has gained substantial momentum over the past
few years, the market for white putty is anticipated to reach new heights.
White putty also has the chance to create innovative and ground-breaking items
such as bookshelves, organizer desks, etc., in order to capture a sizable
portion of the market.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“White Putty Market -
India Industry Size, Share, Trends, Opportunities, and Forecast 2018-2028F. Segmented
By Surface of Application (Interior & Exterior), By Purity (99% &
>99%), By Pack Size (Up to 5 Kg, 20Kg, 30Kg, 40Kg & above), By Type
(Cement Based and Acrylic Based), By End Use (Residential, Commercial,
Industrial & Infrastructure), By Region, Competition”, has evaluated the future growth
potential of India White Putty 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
White Putty Market.
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