India Primer Market to Derive Growth from Continued Infrastructural Development
The rise in the building and construction sector is
expected to boost the India primer market during the
forecast period.
According to a TechSci
Research report, titled “India Primer
Market - By Region, Competition, Forecast & Opportunities, 2029,” the India primer
market is predicted to significantly expand during the forecast period. Primers are being used more frequently in domestic
settings to improve the strength and texture of painted surfaces. In addition
to being used on walls, primers are also applied to metal and wooden surfaces, and
their application areas are expected to widen, aiding the market through 2029.
The need
for primers in the infrastructure industry is growing strongly as the Indian
government is focusing significantly on its smart city initiatives. Government
initiatives, such as the construction of new ports, the expansion of existing
ports, and the creation of new airports are gathering steam nationwide.
Policy
reforms are leading to an increase in government measures to bring in FDI. In
addition, a majority of multinational businesses are migrating their manufacturing
facilities from China to Southeast Asian nations, including India, during the
epidemic, which could lead to the development of new infrastructure projects across
the country. The need for all the infrastructure initiatives and projects is
anticipated to increase.
Browse over xx market data Figures
spread through 70 Pages and an in-depth TOC on the "India Primer Market”
The India primer market is
segmented based on resin type, pack size, price category, type, end-use, and
region. Based on resin type, the market can be segmented into acrylic, epoxy,
and others. Based on pack size, the market can be segmented into Up to 1 liter,
1 liter, 4-liter, 10-liter, and above. Based on price category, the market can
be segmented into premium, mid-range, and economy. Based on type, the market
can be segmented into water-based and solvent-based. Based on end-use, the
market can be segmented into residential, commercial, industrial, and infrastructure.
Based on the resin type, the epoxy
segment is expected to dominate the market during the forecast period. With the
increasing usage of epoxy primers in the metal industry, the segment is
anticipated to gain significant traction. In many different industries,
including automotive, maritime, aviation, building of energy infrastructure,
and oil and gas, epoxy primers are frequently used on metal substrates. These
primers provide exceptional adhesion, corrosion, and chemical resistance, and
are widely used in automotive and marine applications. Their use also
contributes to the decrease in ongoing maintenance costs.
Based on the end-use, the building
and construction sector is expected to dominate the primer market in India over
the forecast period. Primers are used in flooring applications on concrete and
stonework surfaces in the building and construction industry. The expansion in
the building and construction industries and the rising population in emerging
economies are driving the market substantially.
Increased government spending
on infrastructure development in India is aiding the market significantly. Due
to the framework enhancements in this range, there is a tremendous need for
coatings, which is boosting the primer market in India. Primer is a commodity
that many vendors are investing in because manufacturers use it extensively to
extend the shelf life and durability of their products.
Key market players
in the India primer market include:
- Asian Paints Limited
- Berger Paints India Limited
- Kansai Nerolac Paints Limited
- AkzoNobel India Limited
- Shalimar Paints Limited
- Kamdhenu Limited
- Acro Paints India Limited
- Nova Paints and Chemicals
- Nippon Paint (India) Company
Limited
- Indigo Paints Private Limited
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“The India primer
market is expected to expand significantly over the next few years due to the ongoing
infrastructural development in the country. The rapid expansion in the end-use
industries, including aviation, oil and gas, marine, mining, automobiles, and
power generation, is anticipated to support the India primer market. Apart from
these, the market is also expected to gain from rapid urbanization and
industrialization in the years to come,” said Mr. Karan Chechi, Research
Director at TechSci Research, a research-based global management consulting
firm.
India Primer
Market By Resin Type (Acrylic, Epoxy, and Others), By Pack Size (Up to 1 liter,
1 liter, 4 liters, 10 liters, and above), By Price Category (Premium,
Mid-Range, and Economy), By Type (Water-Based, Solvent-Based), By End Use
(Residential, Commercial, Industrial, and Infrastructure), By Region, Competition, Forecast, and Opportunities, 2029 has
evaluated the future growth potential of India Primer Market and provides
statistics and information on market structure, size, share, and future growth.
The report is intended 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 present in the India Primer Market.
Contact
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