India Coil and Extrusion Coatings Market, By Type (Topcoats, Primers, Backing Coats, Specialties), By Resin (Polyester, Silicone Modifier Polyester, Fluorocarbon (PVDF), Polyurethane, Plastisol, Epoxy, Others), By End User (Architecture, Automobile, Consumer Durables, Furniture, Others), By Region, Competition, Forecast & Opportunities, 2020-2030F

Market Overview

India Coil and Extrusion Coatings Market was valued at USD 1985.89 INR Crore in 2024 and is expected to reach USD 3662.72 NR Crore by 2030 with a CAGR of 10.70%. The India Coil and Extrusion Coatings Market is witnessing consistent growth, driven by the country’s accelerating industrial expansion, infrastructure modernization, and rising adoption of pre-coated metal substrates across diverse end-use industries. These coatings applied to metal coils and extruded aluminum profiles are essential for enhancing material performance, offering protection against corrosion, weathering, and mechanical wear, while also delivering superior aesthetic finishes.

The market is well-positioned for long-term growth, supported by structural economic reforms, diversification across industrial verticals, and increasing demand for high-performance, environmentally sustainable coatings. As end-user industries shift toward value-added, durable, and compliant materials, manufacturers are expected to leverage this opportunity by scaling up technological advancements, offering application-specific formulations, and expanding localized manufacturing infrastructure to strengthen their market footprint.

Key Market Drivers

Rapid Urbanization and Infrastructure Development

Rapid urbanization and infrastructure development are among the most influential macroeconomic forces propelling the growth of the India Coil and Extrusion Coatings Market. Urbanization in India is accelerating at a significant pace, with official projections indicating that by 2036, approximately 40% of the country’s population will be living in urban centers. This demographic shift is expected to create sustained demand for urban infrastructure, modern housing, and commercial developments, thereby intensifying the need for advanced construction materials, including pre-coated metals and extrusion-coated components used in façades, roofing, and structural systems. In these projects, pre-painted metal sheets, aluminum extrusions, and architectural profiles coated with coil and extrusion coatings are extensively used in roofing, façades, cladding, window frames, curtain walls, and doors. These coated materials offer aesthetic uniformity, resistance to corrosion, UV protection, and minimal maintenance, making them highly suitable for long-term infrastructure needs. As a result, the demand for top-quality coatings that ensure color durability and weatherability has increased significantly.

India has approved the development of 12 new industrial smart cities and complementary infrastructure projects under the National Industrial Corridor Development Programme (NICDP), signaling a strategic move to strengthen the country's manufacturing and logistics backbone. These smart cities will collectively attract an investment of INR 286.02 billion (US$3.41 billion), focusing on the creation of integrated industrial ecosystems equipped with next-generation utilities and transport connectivity. Additionally, pre-engineered buildings (PEBs) and modular construction methods, which rely heavily on pre-coated steel components, are being increasingly adopted for their speed and cost-efficiency. These developments are not limited to tier-1 cities; tier-2 and tier-3 cities are also witnessing infrastructure expansion, widening the market scope for coil and extrusion coatings. As urban infrastructure becomes more complex and performance-driven, there is growing emphasis on using materials that combine both functionality and aesthetics. Coatings that deliver enhanced scratch resistance, thermal insulation, anti-corrosive properties, and color fastness are in high demand for use in building exteriors exposed to India’s diverse and harsh climatic conditions. This shift toward long-life, energy-efficient building materials is accelerating the need for premium-grade polyester, SMP, and PVDF-based coatings. Additionally, the demand for coatings in vibrant colors, textured finishes, and metallic sheens is rising among architects and developers focused on modern, visually distinct buildings. In 2023, warehousing space absorption across Tier II and III cities surged by 41%, reaching 16.4 million square feet, up from 11.6 million square feet in 2022. This sharp increase reflects the growing shift of logistics, e-commerce, and third-party supply chain operators toward emerging consumption hubs beyond the metro regions, driven by cost efficiencies, improved connectivity, and expanding regional demand. Facilities such as logistics parks, cold storage units, and assembly plants use a wide range of metal panels and structural extrusions that are factory-coated for speed of installation and lifecycle performance. Coil and extrusion coatings in these applications offer durability, quick turnaround, and cost-efficiency, helping operators minimize future maintenance and energy costs

Expanding Industrial Manufacturing Base

The expanding industrial manufacturing base in India is a significant force propelling the growth of the Coil and Extrusion Coatings Market. As India positions itself as a global manufacturing hub under government-backed initiatives and private sector investments, the demand for durable, cost-efficient, and functional metal components coated with specialized surface treatments is rising steadily.  India’s growing manufacturing ecosystem spanning engineering goods, capital equipment, fabricated metals, white goods, and automotive components has led to a surge in demand for pre-coated coils and extrusions used in structural, protective, and aesthetic applications. Industries require pre-painted steel and aluminum for applications such as machine enclosures, ductwork, shelving, racking systems, electrical panels, conveyor systems, and cleanroom components. Coil and extrusion coatings enhance the corrosion resistance, impact durability, chemical tolerance, and surface appearance of these components, reducing the need for post-production painting and streamlining operations. This shift toward ready-to-use, coated substrates aligns with the industry’s growing focus on efficiency, quality assurance, and reduced turnaround time.

The rise in industrial activity has also led to widespread adoption of pre-engineered buildings (PEBs) across sectors like warehousing, manufacturing, Agro-processing, logistics, and automotive. PEBs are heavily reliant on coil-coated steel panels, roofing sheets, wall claddings, and structural purlins, which require high-performance coatings to withstand mechanical stress, environmental exposure, and corrosive elements. Coil coatings in such applications offer high durability, UV resistance, and long lifecycle protection, making them essential in maintaining operational continuity and reducing maintenance costs for industrial users. As the footprint of PEBs and factory units continues to expand, particularly in industrial clusters and SEZs, demand for coil coatings scales accordingly.

National-level policy initiatives such as Make in India, Production Linked Incentive (PLI) schemes, and Atmanirbhar Bharat are encouraging both Indian and global companies to establish or expand their manufacturing operations within India. These programs stimulate investments in metal processing units, component manufacturing, and industrial equipment assembly, all of which utilize coated metal inputs in various forms. As manufacturers prioritize localized supply chains and streamlined production processes, they increasingly depend on domestically sourced, pre-coated materials to meet specifications related to quality, consistency, and compliance. This strategic emphasis on domestic manufacturing is also reducing import reliance and encouraging the scaling up of India’s coating production capabilities.

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Key Market Challenges

High Dependency on Imported Raw Materials and Resin Technologies

A key challenge for the Indian coil and extrusion coatings industry is its reliance on imported raw materials, especially in the case of high-performance resins, specialty pigments, and advanced additives. Resins such as fluoropolymers (PVDF) and silicone-modified polyesters, which are essential for premium applications, are not widely produced in India and must be sourced internationally. Currency volatility, logistics bottlenecks, and import tariffs can lead to cost fluctuations, which impact product pricing and overall competitiveness especially for domestic manufacturers catering to cost-sensitive segments.

This dependency also limits the industry's ability to quickly scale or customize solutions, especially in times of geopolitical disruption or global supply shortages, as witnessed during the COVID-19 pandemic and subsequent freight crises. Until India builds a robust, localized raw material ecosystem, this over-reliance will continue to act as a constraint on product innovation and pricing stability.

Lack of Awareness and Standardization Among End Users

Despite growing adoption in high-end sectors, a significant portion of the domestic user base especially in tier 2 and tier 3 cities still lacks awareness about the technical advantages and long-term cost benefits of coil and extrusion coatings. Many end users, particularly in construction, fabrication, and SME-level manufacturing, continue to rely on conventional painting methods or uncoated metal products, perceiving modern coating technologies as premium or non-essential.

There is also a lack of industry-wide performance standards, which results in inconsistent quality among low-cost suppliers and makes it difficult for customers to evaluate product durability and suitability for different applications. This disconnect between technical value and market perception hampers broader adoption, especially in non-metro regions where coated products are still viewed as expensive alternatives. Bridging this gap will require significant efforts in industry education, awareness campaigns, and policy-driven standardization to shift user preferences toward advanced coatings.

Key Market Trends

Transition Toward High-Performance and Functional Coatings

One of the most prominent trends is the rising preference for high-performance and functional coil and extrusion coatings that go beyond basic aesthetics and corrosion resistance. End-users are increasingly seeking advanced surface functionalities such as: Self-cleaning properties, Anti-microbial finishes, Thermal reflectivity and energy efficiency, Anti-graffiti and scratch resistance. This trend is particularly visible in smart buildings, hospitals, food-processing units, cold storage infrastructure, and transport systems, where coatings must perform under aggressive environmental and hygiene standards.

The demand for custom-engineered coatings including multi-layered systems and hybrid chemistries is growing among architects and OEMs looking for unique performance specifications. This evolution reflects the shift from commodity coatings to value-added, engineered materials, reshaping product development pipelines.

Localization of Coating Manufacturing and Supply Chains

As India moves toward self-reliance and reduced import dependency, the coil and extrusion coatings market is seeing a clear shift toward the localization of raw material sourcing, resin production, and value-chain integration. Multinational and domestic coating manufacturers are expanding local production capacities, investing in regional R&D facilities, and partnering with downstream players (like steel mills and extrusion firms) to develop India-specific coating solutions. This trend is expected to shorten lead times, improve quality control, and reduce production costs, while ensuring coatings meet Indian climatic and regulatory standards.

The localized model is particularly beneficial for the mid-tier segment, which traditionally relied on imported or generic coatings and is now demanding more tailored, accessible alternatives. The push for localization also aligns with environmental regulations, which are encouraging manufacturers to create low-VOC, solvent-free, and compliant coatings using domestically available resins and additives.

Segmental Insights

Type Insights

Based on the category of Type, the Topcoats segment emerged as the fastest growing segment in the India Coil and Extrusion Coatings Market in 2024. Topcoats represent the outermost layer in coil and extrusion coating systems, providing both aesthetic appeal and critical protection against environmental degradation, UV exposure, corrosion, and mechanical wear. The real estate and infrastructure boom in urban India particularly in tier 1 and tier 2 cities is fueling the demand for aesthetically pleasing and long-lasting building materials. Aluminum extrusions and steel coils coated with advanced topcoats are increasingly used in roofing, wall panels, facades, and window systems, offering enhanced durability, color retention, and resistance to weather extremes. Architectural trends favoring metallic finishes, textured surfaces, and vibrant colors further boost topcoat consumption.

With greater awareness of sustainability and lifecycle cost efficiency, builders and OEMs are opting for PVDF (polyvinylidene fluoride) and polyester-based topcoats due to their superior resistance to fading, chalking, and corrosion. There is a growing preference for low-VOC and environmentally friendly formulations, further expanding the demand for technologically advanced topcoat solutions. These factors are expected to drive the growth of this segment.

Resin Insights

Based on the category of Resin, the Polyester Resin segment emerged as the dominating segment in the India Coil and Extrusion Coatings Market in 2024. Polyester-based coatings are the most widely used in India’s coil and extrusion coating market due to their excellent balance of durability, weather resistance, aesthetic appeal, and affordability. This resin type has become the preferred choice across key end-use sectors such as construction, appliances, and general industrial manufacturing. India is experiencing rapid growth in residential, commercial, and industrial infrastructure development, which drives strong demand for coated roofing sheets, wall claddings, facades, and aluminum extrusions. Polyester coatings are ideally suited for these applications because they offer good color and gloss retention, corrosion protection, and UV resistance, making them suitable for India’s diverse climatic conditions.

Among all resin types, polyester offers the most cost-effective balance between performance and price, which makes it highly attractive to domestic manufacturers and end-users, especially in a price-sensitive market like India. It enables manufacturers to deliver aesthetically pleasing and weather-resistant products without significantly raising production costs, leading to higher volume adoption. Polyester resins can be easily modified or enhanced with additives to suit specific performance requirements. For instance, high-durability polyesters are used in more demanding environments, while standard polyesters serve everyday commercial needs. The flexibility in formulation allows manufacturers to tailor polyester coatings for both coil coating and extrusion applications, further solidifying its market dominance.

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Regional Insights

West India emerged as the largest market in the India Coil and Extrusion Coatings Market in 2024, holding the largest market share in terms of value. West India, encompassing states such as Maharashtra, Gujarat, and Rajasthan, leads the market due to its high industrialization and strong presence of manufacturing hubs. Maharashtra and Gujarat are home to several large-scale industries, including automotive, construction, infrastructure, and consumer durables, all of which rely heavily on coil and extrusion coatings for metal protection and aesthetic enhancement.

Gujarat serves as a major industrial corridor with advanced steel and aluminum processing facilities, contributing to the widespread application of these coatings in HVAC, roofing, and façade systems. Maharashtra, with its strong urban infrastructure and real estate development, generates high demand for extrusion coatings, especially in aluminum window frames, curtain walls, and cladding panels. Proximity to port facilities also facilitates easy import of raw materials and export of finished goods, enhancing operational efficiency for manufacturers. 

Recent Developments

• In January 2025, The Board of Directors of Akzo Nobel India Ltd has approved the initiation of a strategic evaluation to potentially divest its powder coatings business and R&D operations to its parent company, Akzo Nobel N.V. As part of this broader realignment, the board will also assess the acquisition of select decorative paints intellectual property assets from the parent organization. This review process has been triggered in response to a formal proposal from Akzo Nobel N.V., and the board has authorized the management team to commence due diligence and evaluate the commercial, legal, and operational implications of the proposed transactions.
• In January 2024, Euro Panel Products Ltd, the parent company of EUROBOND, a leading Indian brand in aluminium composite panels, has commissioned India’s most advanced and longest coil coating line, backed by an investment of INR 30 crore. With a production capacity of 750 tonnes per month, the new line is equipped with a three-coat, two-bake continuous process and an integrated accumulator system, enabling seamless, high-efficiency operations.

Key Market Players

• JSW
• Akzo Nobel
• AP-PPG
• Kansai nerolac
• Berger Paints
• PPG-AP

Report Scope:

In this report, the India Coil and Extrusion Coatings Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• India Coil and Extrusion Coatings Market, By Type:

o   Topcoats

o   Primers

o   Backing Coats

o   Specialties

• India Coil and Extrusion Coatings Market, By Resin:

o   Polyester

o   Silicone Modifier Polyester

o   Fluorocarbon (PVDF)

o   Polyurethane

o   Plastisol

o   Epoxy

o   Others

• India Coil and Extrusion Coatings Market, By End User:

o   Architecture

o   Automobile

o   Consumer Durables

o   Furniture

o   Others

• India Coil and Extrusion Coatings Market, By Region:

o   North India

o   South India

o   East India

o   West India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India Coil and Extrusion Coatings Market.

Available Customizations:

India Coil and Extrusion Coatings market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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