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.
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