Residential Sector to Dominate India White Putty Market Until 2025
Increasing industrialization
and growing demand for aesthetics in construction industry to drive white putty
demand in India during the forecast period
According
to TechSci Research report, “India White Putty Market By Type, By Surface of
Application, By Purity, By Pack Size, By End Use, Competition, Forecast &
Opportunities, 2025”, India white putty market is projected
to grow at a steady CAGR of 11% during the forecast period owing to the increasing
construction activities across the country, especially in the residential sector.
Moreover, the initiatives taken by the government like ‘Housing For All’ and
‘Smart City Mission’ are accelerating the growth of the construction sector, which
is eventually augmenting demand for white putty market. Additionally, the use
of white putty by paints industries is further driving the market.
India white putty market is segmented based on type, surface of
application, purity, pack size, end use, region and company. Based on type, the
market is bifurcated into cement-based and acrylic-based, of which cement-based
white putty dominates the market due to its high demand in concrete-based
constructions and lower cost. Nevertheless, growth in demand for acrylic based
putty to provide butter smooth finishing is also boosting white putty market in
India. On the basis of 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 up
to 5Kg, 20Kg, 30Kg and 40Kg & Above. The 40Kg and 20Kg segments are likely
to hold the significant market share since white putty is mostly used in huge
construction infrastructure projects. 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 painting, since it enhances shine and durability of the paint. UltraTech
Cement Ltd. is the largest producer of white putty in India with a production
capacity of 0.56 MTPA. Other major white
putty players operating in the country include J.K. Cement Limited, Asian Paints Limited, AkzoNobel India Ltd.,
Kansai Nerolac Paints Limited, Berger Paints India Limited, Sika India Pvt.
Ltd., Walplast Products Pvt. Ltd., Sakarni Plastic (India) Private Limited, Surya
Wall care chem Pvt. Ltd., and others. Some other players include JK Lakshmi
Cement Ltd., Jay Chemicals Industries Ltd., HIL Limited, Trimurti Wall Putty,
Prime Wall Putty, Velvet Paints, Unichem Industries, Prestige Coating Limited,
Simco Paints, Durga Bond Chem Pvt. Ltd., among others.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4192
Customers can also request for 10% free customization on this report.
“India
white putty market is witnessing consistent growth, owing to increasing demand
for eco-friendly and cost-effective construction products across the country. The
use of white putty in the residential segment has the potential 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
Type, By Surface of Application, By Purity, By Pack Size, By End Use,
Competition, Forecast & Opportunities, 2025” 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.About TechSci Research
TechSci Research is a leading global market research firm publishing
premium market research reports. Serving 700 global clients with more than 600
premium market research studies, TechSci Research is serving clients across 11
different industrial verticals. TechSci Research specializes in research-based
consulting assignments in high growth and emerging markets, leading
technologies and niche applications. Our workforce of more than 100 fulltime
Analysts and Consultants employing innovative research solutions and tracking
global and country specific high growth markets helps TechSci clients to lead
rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]