Wall putty is a type of filler used to fill the holes and defects in plastered surfaces. It is also used to cover wall imperfections and provide a smooth, even surface for painting. Wall putty is typically made of a combination of cement, white cement, clay, gypsum, and other additives. It is applied to the wall using a brush or roller and left to dry before being painted. Wall putty comes in a range of colours and can be purchased in either powder or ready-to-use form. Wall putty is an essential product in the construction industry as it helps to enhance the aesthetics of the walls and protect them from damage. It provides protection against humidity and prevents the growth of fungi or mildew on walls. Wall putty also helps to increase the durability of the wall surface and protect it from external elements such as wind, rain, and dust.
Scope of Starting This Industry
The wall putty business is an ever-growing industry and the potential for growth is immense. There are a number of factors that make this a great opportunity to explore. Firstly, the increase in construction activity across the globe is driving demand for wall putty as it is an essential product in the construction industry. Secondly, the rising disposable incomes are fuelling the growth of the wall putty market. Thirdly, the growing population is also driving the demand for wall putty.
Starting a wall putty business can be quite profitable due to its huge potential. You need to take into account various aspects before you start your venture. Firstly, you should identify the key raw materials required to produce wall putty and ensure their availability. Secondly, you need to research the market and analyse the competitors to understand what will give you an edge in the market. Additionally, you must devise a marketing strategy that will help you to reach out to more customers.
Once all the preliminary steps are done, you can begin setting up your own production facility. Depending on your budget and production requirements, you should select the right machinery and equipment for the factory. Furthermore, you should consider hiring qualified personnel who can manage and maintain the production process efficiently.
Indian Market Prediction
The Indian wall putty market is expected to grow at a CAGR of 6.7% between 2021 and 2026. This growth is largely due to the increasing construction activity in the country, as well as the growing demand for luxury homes. The rise in disposable income levels among Indian households has also boosted the demand for interior decoration and premium home improvement products, including wall putty. In addition, the introduction of advanced wall putty products with improved properties such as water resistance, corrosion resistance, and better adhesive qualities have made them more attractive to homeowners. These factors have contributed to the strong growth of the Indian wall putty market. It is estimated that by 2026, the wall putty market in India will be worth over Rs. 5,000 crores (USD 710 million). As more and more people invest in luxury homes, the demand for wall putty is likely to increase further in the coming years.
Global Market Prediction
Wall Putty Market was valued at USD 3.75 Billion in 2019 and is projected to reach USD 6.45 Billion by 2027, growing at a CAGR of 7.0 % from 2020 to 2027. With the rising number of infrastructure and residential as well as commercial projects, the demand for Wall Putty is increasing. Significant growth in the construction sector is driving the demand for Wall Putty and catapulting the market in a positive direction. Wall putty is a dry powdered white substance used to give a smooth foundation for the surface. It offers a smooth wet finish and enables the application of any colour. It is used on the walls and ceilings before priming and painting the interior. Wall putty also protects the expensive paint that is applied on the walls, ensuring its stability and endurance. It should be applied once the sanding process has been completed and the dust particles have been washed away using a drop cloth. If the surface of the wall is uneven, it provides a great foundation and a smooth finish. Increasing awareness regarding the product properties, such as durability, versatile usage, and affordable paint base, is further resulting in high adoption across the globe and this is expected to drive revenue growth of this segment over the forecast period.
Conclusion
Starting a wall putty business can be very rewarding if you have the right resources and knowledge. With the right preparation and execution, you can make your wall putty business a success.
Major Companies
· ABC Phil Inc.
· Akzo Nobel NV
· Asian Paints Ltd.
· Berger Paints India Ltd.
· CK Birla Group
· JK Cement Ltd.
· JKG and Co.
· Kansai Paint Co. Ltd.
· Nippon Paint India Pvt. Ltd.
· Platinum Waltech Ltd.
· Sakarni Plastic India Pvt Ltd.
· Sika AG
· SKSHU Paint Co.Ltd.
· Surya Wall-care Chem Pvt. Ltd.
· UltraTech Cement Ltd.
· Unicrete Building Solutions India Pvt Ltd.
· V V Paiint
· Walplast Products Pvt. Ltd.
· LATICRETE International Inc
· Diamond white cement Pvt. Ltd.
