India Primer Market is anticipated to grow at
a steady pace during the forecast period. Primers are used
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, which will continue to fuel the expansion of the primer
market through 2029.
The term "primer" refers to the first layer of paint that is
put directly to bare steel, wood, and other surfaces before painting to level
the surface and provide a smooth finish. The primer, which improves adhesion
and stops moisture from penetrating the surface of the material, is necessary
for the final paint. Before painting, a smooth surface is created on materials
by applying a layer of coating called primer. It also goes by the name of an
undercoat. It shields the material from paint, keeps moisture from penetrating
the surface, stops paint from soaking into the substrate, expands the
connection while delaying paint wear outside the material, and protects the
material from paint.
Building and Construction Segment to Dominate
A lot of primers are utilized in the
building and construction industries. Before painting, it is used as a primer
layer on walls and other substrates. The construction industry has seen a strong
expansion in the Asia Pacific region, driven by rising manufacturing and
service sector infrastructure, rising housing construction, and apparent
government spending on infrastructure development. Before applying undercoats
or topcoats to freshly painted or previously painted surfaces, primers are
colored coatings. The expanding demand for paints and coatings is strongly
influenced by the expanding building sector. The market for primers will
eventually grow as demand for paints and coatings increases along with the number
of construction activities.
The establishment of new cities,
rising urban migration, renovation of aging infrastructure in established
cities, and other reasons have all contributed to the growth of the building
and construction industry over the past few years.
By 2025, it is anticipated that
India's construction market would be worth USD 1.4 Tn. Urban population to
contribute 75% of GDP (up from 63% at now), and 68 cities will have a
population of more than one million. With connections between sectors, India's
construction market consists of about 250 subsectors. More than 40% of India's
population is predicted to dwell in cities by 2030 (up from 33% presently),
creating a need for 25 MN more mid-range and cheap apartments. India has a USD 1.4
trillion investment budget for infrastructure under the NIP, with 24% going to
renewable energy, 18% to roads and highways, 17% to urban infrastructure, and
12% to railroads.
Urban planning that is more
contemporary and technology-driven is projected to improve the quality of life
via programs, such as the ground-breaking Smart City Mission (goal 100 cities).
To usher in a new age in the Indian building technology industry, 54
breakthrough worldwide construction technologies were identified under a
Technology Sub-Mission of PMAY-U. SBM-U has certified over 3,500 cities as ODF+
and 1,191 cities as ODF++. Seamless Freight Movement across Multiple Modes will
be made possible by the construction of Multi-Modal Logistics Parks at 35 key
critical locations for a total capital investment of Rs. 50,000 crores.
With a 33% increase in capital
investment outlay of INR 10 billion, The PM Awas Yojana budget has increased by
66% to approximately 79,000 Cr. Fund for the Development of Urban
Infrastructure: 10,000 crores annual investment for building urban
infrastructure in tier 2 and tier 3 cities.
Download Free Sample Report
Development of Auto-Creation
The primer market in India is being
driven by the advancement of auto-creation. A draughtsman or organizer needs to
consider an alternative to offer conventional fuel vehicles as global air
pollution is rapidly increasing, and vehicle emissions play a significant role
in the problem. Liquid vehicles filled with nitrogen can also be a fantastic
alternative. As a result, liquid nitrogen is frequently used in vehicles as a
coolant. As a result, increasing robotization will call for more fluid nitrogen,
which will spur the market for fluid nitrogen during the forecast period.
Rising Demand for Water Cement Primer
To cover or fill in flaws, improve
paint adhesion to the surface, hide stains, neutralize the color of the
surface, and for other purposes, primer, often referred to as an undercoat, is
applied to the surface before painting. For interior and exterior cement
plaster, fiber cement, bricks, and gypsum plaster, cement primer (water-based) is
a fast-drying, water-based, alkali-resistant primer, and sealer. The underlying
surface can breathe and evaporate moisture because of its adaptability. Plaster
primer is water-based, non-toxic, and tinted white, which requires fewer
topcoats on dark surfaces and has no solvent odor. It is employed to guarantee
a superb and seamless surface finish. While painting the walls, interior wall
primers are required to protect them from moisture. Modern primers are
frequently water-based primers and dry very quickly. Water-based primers are
typically used for walls and ceilings where there is fresh work and preparation
is necessary. In less than an hour, some can be recoated with finished paint. Utilizing
a paint primer will expedite the process, not slow it down.
Recent Developments:
- Asian
nations sold wooden furniture worth USD 12.1 billion out of a total of USD 150
billion, according to the Handicraft and Wood Industry Association of HCM City
(HAWA) and the ASEAN Furniture Industry Council (AFIC), which organized the
ASEAN Market Attraction event. The US, Europe, Japan, Korea, and Canada were
their key markets.
- According
to China's National Bureau of Statistics, the country's furniture sales in
December 2022 came to roughly USD 2.6 billion. However, this represented a 5.8%
decrease from the earnings during the same period the previous year.
- The
use of primers as undercoats in the automobile sector is crucial for increasing
market demand. The Association of Southeast Asian Nations Automotive Federation
estimates that in 2021, Asia Pacific will produce 314.42 billion motorbikes and
scooters and 353.83 billion motor vehicles. In the same year, it sold motorcars
worth over USD 279.13 billion and two-wheelers worth over USD 355.1 billion,
respectively.
- China
led the world car market in 2021 with sales of 26,770,000 automobiles. Japan
came in second with 4.44 million automobiles, followed by the United States
with 15.4 million.
- According
to the India Brand Equity Foundation, the Indian auto market would be worth USD
54.84 billion by 2027, growing at a CAGR of more than 9%. The Indian auto
sector hopes to export five times as many automobiles as it does at the moment
by the year 2026. The total number of automobiles exported from India in 2022
was 5,617,244.
- The
majority of China's efforts are going into producing and marketing more
electric vehicles there. By 2023, the country intended to produce 13 million
electric vehicles for this reason. In the country, around 1.3 million electric
vehicles were sold in the year 2020.
Market Segmentation
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.
Market Players
key
players in the India primer market
are 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, and Indigo Paints
Private Limited.
|
Attribute
|
Details
|
|
Base Year
|
2023
|
|
Historic Data
|
2019 –
2022
|
|
Estimated Year
|
2024
|
|
Forecast Period
|
2025
– 2029
|
|
Quantitative Units
|
Revenue in USD Million, Volume, and CAGR for 2019-2023 and 2024-2029
|
|
Report Coverage
|
Revenue
forecast, company share, growth factors, and trends
|
|
Segments Covered
|
Resin Type
Pack Size
Price Category
Type
End Use
Region
|
|
Region Scope
|
West,
North, South, and East
|
|
Key Companies Profiled
|
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
|
|
Customization Scope
|
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
|
Report Scope:
In this report, the India
primer market has been segmented
into the following categories, in addition to the industry trends which have
also been detailed below:
·
India Primer Market, By Resin Type:
o Acrylic
o Epoxy
o Others
·
India Primer Market, By Pack Size:
o
Up to 1 liter
o
1 liter
o
4 Liter
o
10 Liters and above
·
India Primer Market, By Price Category:
o
Premium
o
Mid-Range
o
Economy
·
India Primer Market, By Type:
o
Water Based
o
Solvent Based
·
India Primer Market, By End Use:
o
Residential
o
Commercial
o
Industrial
o
Infrastructure
·
India Primer Market, By Region:
o
West
o
North
o
South
o
East
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the India Primer Market.
Available Customizations:
India Primer Market report with the given market data, Tech
Sci 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).
India Primer Market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]