Residential Sector to Dominate India White Putty Market During Forecast Period
Increasing demand for
aesthetics in construction industry to drive growth of India white putty market
through 2024
According to
TechSci Research report, “India White Putty Market By Surface of
Application, By Purity, By Pack Size, By End Use, Competition, Forecast &
Opportunities, 2024”, India white putty market is
expected to grow at a steady CAGR during the forecast period owing to the
increasing demand from the construction industry, especially the residential
sector. Additionally, the use of white putty in electronic boxes and as fire
extinguisher is further driving the market. However,
the use of white putty is decreasing with increasing prevalence of PVC &
metal window frames which use synthetic sealants.
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The India
white putty market is segmented based on surface of application, purity, pack
size, end use, region and company. Based on surface of application, the market
is divided into interior and exterior. The interior segment dominates the
market since it is more practical to invest in higher quality of paint rather
than application of white putty on exterior walls. Based on pack size, the
market can be fragmented into 1Kg, 5Kg, 10Kg, 20Kg, 25Kg, 40Kg and 50Kg. The
5Kg and 10Kg segments are likely to hold the significant market share since
white putty is mostly used for sealing and smoothening. Based on end use, the
market can be categorized into residential, commercial, industrial and
infrastructure. The residential segment dominates the market owing to the use
of white putty prior to paint since it provides shine to the paint and makes it
strong and also saves cost.
J.K. Cement Limited,
Aditya Birla Management Corporation Pvt. Ltd. – (Ultratech), Asian Paints
Limited, Kansai Nerolac Paints Limited, AkzoNobel India Limited (Dulux Wall
Putty), Berger Paints India Ltd, Jai Durga Plaster Industries (Sakarni White
Putty), Surya Wall care chem pvt. ltd., Walplast Products Pvt. Ltd., Sika India
Pvt. Ltd. and others are some of the leading players operating in India white
putty market. The companies operating in the market are using organic
strategies such as product launches, mergers and collaborations to boost their
share.
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“India white
putty market is witnessing sluggish growth and has almost reached its breakeven
point, owing to the increasing use of PVC, POP and other alternatives across
the country. In spite of this factor the use of white putty in the residential
segment has the potential and is likely to provide lucrative opportunities for
the white putty market in India during the forecast period.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India White Putty Market By Surface of
Application, By Purity, By Pack Size, By End Use, Competition, Forecast &
Opportunities, 2024” has evaluated
the future growth potential of India white putty market and provides statistics
& information on market size, structure and future market growth. The
report intends 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 in India white putty market.
Contact
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