Product Code: ETC357264 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The pre painted metal market size in India was estimated at USD 700 million for 2018 & projected grow approximately 9% annually driven by surging demand automotive & construction sector especially amidst rise urbanization trend across country. On basis material type , Aluminium based products hold majority portion while Zinc based ones have higher growth rate however it still has very low penetration rate compared aluminium counterparts hence presents opportunity manufacturers invest expansion activities heretoo. As far regional scope concerned South holds dominant position driven strong automobile production pace present there along government initiatives encouraging new developments this space too like Vizag smart city project or many other new housing schemes being launched frequently.
The India pre-painted metal market is driven by various factors that contribute to its growth and adoption in diverse industries. One of the key drivers is the growing construction and infrastructure sector in the country. Pre-painted metal products, such as pre-painted steel and aluminum, are widely used in roofing, cladding, and wall panels for buildings and structures. The increasing number of commercial and residential projects, coupled with the government`s focus on developing smart cities and affordable housing, has led to a surge in demand for pre-painted metal products.
The India pre-painted metal market faces several challenges that influence its growth and adoption. One of the key challenges is the complexity of the pre-painting process for metal products. The application of pre-painted coatings requires precise formulation and expertise to achieve the desired appearance and performance. Any deviation from the correct pre-painting process can lead to subpar coating quality, impacting the usability of pre-painted metal products in various applications. Moreover, the market faces challenges related to the availability and cost of raw materials for pre-painted coatings. The pre-painting process requires specific coatings and additives, the availability of which can be subject to market fluctuations. This can lead to price variations and affect the overall cost of pre-painted metal products. Additionally, ensuring consistent and uniform pre-painted coatings across different metal substrates and applications can be challenging. The compatibility of coatings with diverse surfaces and substrates, such as steel, aluminum, and galvanized metal, requires comprehensive testing and optimization. Any variation in coating performance can hinder the overall market growth and adoption of pre-painted metal products.
The India pre-painted metal market faced challenges during the COVID-19 pandemic. The slowdown in construction and industrial activities led to reduced demand for pre-painted metal products in roofing, cladding, and consumer goods applications. The closure of retail outlets and reduced consumer spending also affected the demand for pre-painted metal in consumer durables and appliances. Moreover, supply chain disruptions affected the availability of raw materials and impacted production. However, as economic activities resumed and the government`s stimulus packages supported infrastructure development, the market showed signs of recovery. The increased focus on sustainability and green building practices also provided opportunities for the pre-painted metal market to rebound.
The India pre-painted metal market is driven by several key players that contribute significantly to the industry`s growth and development. Companies such as Asian Paints Limited, AkzoNobel India, Berger Paints India Limited, and Tata BlueScope Steel are among the major players. These companies offer a wide range of pre-painted metal products catering to various industries, including construction, automotive, and consumer goods. Their strong emphasis on research and development, product innovation, and technological expertise have positioned them as leaders in the market. Moreover, these key players actively engage in strategic collaborations and partnerships to expand their market reach and stay ahead in a competitive landscape.