Product Code: ETC098503 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India varnish removers market import shipments demonstrated a consistent growth trend with a CAGR of 7.4% from 2020-2024. The market experienced a significant surge in growth with a 37.0% increase between 2023 and 2024. Overall, the market expanded steadily, showing strong momentum and promising prospects for the future.
India varnish removers market is estimated to reach a value of around US$ 176.6 million by 2031, growing at a CAGR of 4.9%.. The varnish removers market in India is driven by increasing demand for these products from the automotive sector and expanding application areas such as furniture, woodworking projects and industrial machinery cleaning & maintenance.
The major drivers behind the growth of India Varnish Remover Market include rising disposable incomes leading to an increased preference for high quality home decor items coupled with increasing demand from the automotive industry, growing trend towards DIY activities among young consumers and expansion of production facilities due to various government initiatives such as Make in India campaign, which has led to an increase in the usage of these products across industries such as furniture making and metal fabrication etc., thus resulting in higher revenues for manufacturers. Furthermore, promotional campaigns conducted by companies regarding safe usage and proper disposal have also been aiding this growth significantly.
The primary challenges faced by players operating within the IndiaVarnish Remover market are limited raw material availability , stringent environmental regulations associated with hazardous waste management , high cost of specialized equipment required for processing certain materials , presence of unorganized players offering low quality products along with competition from international counterparts who offer similar solutions at lower prices. Additionally, lack of awareness regarding green alternatives among key customer segments may pose some difficulty for large-scale adoption.
Some notable players operating within India Varnish Remover market include Pidilite Industries Ltd., Asian Paints Limited (India), Berger Paints India Ltd., Kansai Nerolac Paints Limited (Japan), Akzo Nobel N.V.(Netherlands) , 3M Company(U.S.) amongst others
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Varnish removers Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Varnish removers Market Revenues & Volume, 2021 & 2031F |
3.3 India Varnish removers Market - Industry Life Cycle |
3.4 India Varnish removers Market - Porter's Five Forces |
3.5 India Varnish removers Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India Varnish removers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Varnish removers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about environmental concerns and the shift towards eco-friendly and non-toxic varnish removers. |
4.2.2 Growth in the construction and renovation industry in India leading to higher demand for varnish removers. |
4.2.3 Rising disposable income and changing lifestyle preferences driving the demand for DIY home improvement projects using varnish removers. |
4.3 Market Restraints |
4.3.1 Stringent regulations and policies regarding the use and disposal of chemicals in varnish removers. |
4.3.2 Competition from alternative products such as natural or homemade varnish removal solutions. |
5 India Varnish removers Market Trends |
6 India Varnish removers Market, By Types |
6.1 India Varnish removers Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Varnish removers Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 India Varnish removers Market Revenues & Volume, By Acid Varnish Remover, 2021-2031F |
6.1.4 India Varnish removers Market Revenues & Volume, By Alkaline Varnish Remover, 2021-2031F |
6.1.5 India Varnish removers Market Revenues & Volume, By Neutral Varnish Remover, 2021-2031F |
6.2 India Varnish removers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Varnish removers Market Revenues & Volume, By Vehicle Maintenance, 2021-2031F |
6.2.3 India Varnish removers Market Revenues & Volume, By Industrial Repairs, 2021-2031F |
6.2.4 India Varnish removers Market Revenues & Volume, By Building Renovation, 2021-2031F |
6.2.5 India Varnish removers Market Revenues & Volume, By Furniture Refinishing, 2021-2031F |
7 India Varnish removers Market Import-Export Trade Statistics |
7.1 India Varnish removers Market Export to Major Countries |
7.2 India Varnish removers Market Imports from Major Countries |
8 India Varnish removers Market Key Performance Indicators |
8.1 Number of new eco-friendly varnish remover products introduced in the market. |
8.2 Growth in the number of construction and renovation projects in India. |
8.3 Consumer interest and engagement in DIY home improvement projects using varnish removers. |
9 India Varnish removers Market - Opportunity Assessment |
9.1 India Varnish removers Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India Varnish removers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Varnish removers Market - Competitive Landscape |
10.1 India Varnish removers Market Revenue Share, By Companies, 2024 |
10.2 India Varnish removers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |