Top 7 Powder Coatings Companies in India (2024)

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Top 7 Powder Coatings Companies in India (2)

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Akzo Nobel India Ltd, Berger Paints India Limited, Durolac Paints, Inc, Jotun India Private Limited, Maharani Innovative Paints Pvt. Ltd., Marpol Private Limited, PPG Asian Paints Private Limited among others, are the major players in the India powder coatings market.

The India powder coatings market attained a value of USD 1.19 billion in 2023. The India powder coatings market is expected to grow at a CAGR of more than 6% in the forecast period of 2024-2032. As per the analysis by Expert Market Research, the market is expected to be driven by the expansion of the construction and infrastructure sector.

Powder coatings refers to the dry finishing process, that is based on polymer resin systems, combined with curatives, pigments, levelling agents, flow modifiers, and other additives. There is a growing uptake of powder coatings as they enable a high-quality, durable finish to the surfaces. This further is catering to improved production activities, improved efficiencies, and simplified environmental compliance. The products or surfaces that are powder coated are more resistant to diminished coating quality as created by impact, moisture, chemicals, ultraviolet light, and other extreme weather conditions. This, in turn, lowers the risks of scratches, chipping, abrasions, corrosion, fading, and other wear issues.

In 2022, India constituted to about 3% of global powder coatings consumption in value and about 5% in volume. Despite the lower size of the Indian market, the country continues to be a fast-growing market for powder coatings.

The increasing concerns about environmental protection and sustainability are catering to a greater adoption of powder coatings and propelling the India powder coatings market growth. Powder coating resins allows for low-waste, solvent-free and high-durability solutions, supporting sustainability efforts.

Figure: Market Size of Real Estate in India (USD Billion)

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As per the India powder coatings market analysis, the expansion of the construction sector in India is supporting the market growth. The favourable government initiatives, increasing FDI and rising urbanisation and disposable incomes of the population is supporting the construction growth.

Furthermore, the expansion of the automotive sector in the country is providing significant opportunities for market growth. Automotive powder coatings are considered the cost-effective solvent-free, and chip-resistant method to provide attractive appearance while also providing a high-quality, corrosion-free, and beautiful finish. India is estimated to have an EV penetration of about 25-30% by 2030. The content of coatings that are required in an electric vehicle would be significantly higher (almost 2-2.5 times, in value terms) as compared to a normal ICE-based vehicle.

In December 2022, Arkema announced the doubling of its polyester resins capacity in its Navi Mumbai facility in India. The capacity expansion strengthens the group’s position in the global powder coatings market and also its commitment to developing very low-VOC technologies.

Top 7 Powder Coatings Companies in India:

Akzo Nobel India Ltd

Headquarters:Amsterdam, Netherlands
Establishment:1792
Website:www.akzonobel.com

Akzo Nobel N.V. is a global paints and coatings manufacturer and makes products with firm sustainability commitments. The company has a strong global reach with a workforce of 32,000 employees working across more than 150 countries. The company operates across diverse business segments, including decorative paints, automotive and specialty coatings, industrial coatings, marine, protective and yacht coatings, and powder coatings. They offer an extensive range of paint and coating-related products under various brands such as AkzoNobel, Alabastine, Astral, Awlgrip, Bruguer, Dulux, Sadolin, and more.

Berger Paints India Limited

Headquarters:West Bengal, India
Establishment:1923
Website:www.bergerpaints.com

Berger Paints India Limited is a prominent paint company in the country, providing solutions such as interior wall coatings, exterior wall coatings, putty and cement paint, primers, enamels, wood finishes, and waterproofing. The company also provides luxury interior emulsions, premium interior emulsions, economy interior emulsions, and designer finishes. The company provides waterproofing solutions for basement, concrete, exterior, interior, roof and sunken.

Durolac Paints, Inc

Headquarters:Haryana, India
Establishment:2009
Website:www.durolacpaints.com

Durolac Paints are a renowned manufacturer and supplier of powder paint and epoxy-polyester powder. The company’s product portfolio consists of powder paint, epoxy polyester powder and matt shades. The company has a workforce of about 26 to 50 people. Durolac possesses certifications such as ISO 14001:2015, and ISO 45001:2018, ISO 9001:2015. The company offers textured powdered coatings in Siemens Grey Texture, DA Grey Texture, Computer Grey Texture, Black Texture, and Rusty Texture L/F shades.

Jotun India Private Limited

Headquarters:Sandefjord, Norway
Establishment:1926
Website:www.jotun.com

Jotun is a leading paint manufacturer operating in more than 100 countries globally. Jotun conducts its business in four segments: Decorative Paints, Marine Coatings, Protective Coatings, and Powder Coatings. The company serves industries such as homes, infrastructure, architecture and design, shipping, energy, and light energy. The Jotun Group has 67 companies under its name and 40 production facilities across the world. The company has a workforce of over 10,200 employees.

Maharani Innovative Paints Pvt. Ltd.

Headquarters:Faridabad, India
Establishment:1980
Website:maharanipaints.com

Maharani Innovative Paints Pvt. Ltd. is an industrial paints and allied products manufacturing company. The company’s research and development department is equipped with modern testing facilities and offers products as per customer's existing and latent needs. The company offers products such as wood coating, automotive paints, decorative paints, powder coating, spray can, steel finish etc.

Marpol Private Limited (Kansai Nerolac Paints Ltd)

Headquarters:Mumbai, India
Establishment:1920
Website:www.nerolac.com

Kansai Nerolac is a top paint company in India providing products such as interior wall paintings, exterior wall paints, wood coatings, metal enamel paints, paint ancillary, adhesives, waterproofing, and NextGen painting services. Some of the powder coatings provided by the company are Epoxy Polyester Powder - 6100 Series, Epoxy Powder - 6000 Series, and Pure Polyster Powder - 6200 Series. Kansai Nerolac provides its powder coatings products to industries such as white goods, furniture, automotive components, and electrical industry.

PPG Asian Paints Private Limited

Headquarters:Maharashtra, India
Establishment:1997
Website:www.ppgasianpaints.com

PPG Asian Paints Pvt Ltd is a 50:50 joint venture between PPG Inc. of USA, the world’s leading coatings company, and Asian Paints Ltd, India’s largest producer of paints and coatings. The company provides a diverse portfolio of paints and coatings for markets such as automotive OEM, automotive refinishes, industrial, marine and packaging. PPG Asian Paints operates in 20 states in India through its 42 sales offices.

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