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India Paint Market By Product Type (Decorative Paint, Industrial Paint), By Technology (Water based, Solvent based, Powder Coating, Others), By End User, By Resin, By Sales Channel, By Region, Forecast & Opportunities, 2025

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  • May 2020
  • Region: India
  • TechSci Research
  • ID: 5024072
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The Indian Paint Market is expected to grow at robust CAGR during the forecast period. The paint market in India has moved forward from the predominant decorative paints market to a more diversified market with seasonal fluctuations. Additionally, adoption of latest technologies and innovative products has led to the rapid growth of this market in the country. The market players are now coming up with products like friendly, odour free, and dust & water-resistant paints. This is anticipated to fuel the market until 2025. However, along with growth factors, the paint market in India also faces challenges such as seasonal demand and competition from unorganized players. Also, the prices of paints are very much dependent on raw materials and any fluctuations in the price of raw materials might hamper the profit margins of the organized players in the market.

The Indian Paint Market is segmented based on product type, technology, end-user, resin, sales channel, region and company. Based on product type, the market can be segmented into decorative paint and industrial paint. The decorative market is mainly divided into emulsion & enamel paints, distemper, primer and thinner and ancillary products. Decorative paint accounted for over two-third share of the market in 2019 as the demand for decorative paints largely depends on the housing sector and monsoon season, while industrial paint demand is linked to end-user industries like automotive, engineering and consumer durables.

Based on end-user, the market can be bifurcated into infrastructural, general metals, automotive, appliances, electronics, furniture, retail, medical and others. Additionally, government’s focus on infrastructure development projects is anticipated to fuel the industrial coatings demand in the country.

Major players operating in the Indian Paint Market include Asian Paints Ltd, Berger Paints India Limited, Akzo Nobel India Ltd, Kansai Nerolac Paints Limited, Shalimar Paints, Jotun India Pvt. Ltd, Nippon Paint Holding Co. Ltd, Sheenlac Paints Ltd, Snowcem Paints, Weilburger and others. The companies are now developing innovative products in order to stay competitive in the market.

Years considered for this report:
  • Historical Years: 2015-2018
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Period: 2021–2025

Objective of the Study:
  • To analyze and forecast the market size of the Indian Paint Market.
  • To classify and forecast the Indian Paint Market based on product type, product type, technology, end-user, resin, sales channel and regional distribution.
  • To identify drivers and challenges for the Indian Paint Market.
  • To examine competitive developments such as expansions, new product launches in the Indian Paint Market.
  • To conduct pricing analysis for the Indian Paint Market.
  • To identify and analyze the profile of leading players operating in the Indian Paint Market.

The author performed both primary as well as exhaustive secondary research for this study. Initially, they sourced a list of manufacturers across the country. Subsequently, they conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, they could include the manufacturers which could not be identified due to the limitations of secondary research. The author analyzed the manufacturers, distribution channels and presence of all major players across the country.

The author calculated the market size of the Indian Paint Market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. They sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:
  • Paint manufacturers, suppliers, distributors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to paints
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:
In this report, the Indian Paint Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, By Product Type:
  • Decorative Paint
  • Industrial Paint

Market, By Technology:
  • Water based
  • Solvent based
  • Powder Coating
  • Others

Market, By End-User:
  • Label Architectural
  • General Metals
  • Automotive
  • Appliances
  • Electronics
  • Furniture
  • Retail
  • Medical
  • Others

Market, By Resin:
  • Acrylic
  • Alkyd
  • Polyurethane
  • Epoxy
  • Polyester
  • Others

Market, By Sales Channel:
  • Direct
  • Indirect

Market, By Region:
  • North
  • South
  • East
  • West

Competitive Landscape::
  • Company Profiles: Detailed analysis of the major companies present in the Indian Paint Market.

Available Customizations:
With the given market data, the author offers customizations according to a client’s specific needs.

Table of Contents

1. Product of Interest Introduction: Paint2. Research Methodology3. Impact of COVID-19 on India Paint Market4. Executive Summary5. Voice of Customer
6. India Paints & Coating Market Overview
6.1. Capacity
6.2. Production
6.3. Foreign Trade
6.4. Consumption
6.5. Raw Material
6.5.1. Price
6.5.2. Source
6.6. Environmental Issues
7. India Paint Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Type (Decorative Paint, Industrial Paint)
7.2.2. By Technology (Water based, Solvent based, Powder Coating, Others)
7.2.3. By End User (Architectural, General Metals, Automotive, Appliances, Electronics, Furniture, Retail, Medical, Others)
7.2.4. By Resin (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, Others)
7.2.5. By Sales Channel (Direct, Indirect)
7.2.6. By Region (North, South, East, West)
7.2.7. By Company
7.3. Market Attractiveness Index
8. India Decorative Paint Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Technology (Water based, Solvent based, Powder Coating, Others)
8.2.2. By Application (Exterior, Interior, Others)
8.2.3. By Region By States (Top 3 States)
8.2.4. By Company
9. India Industrial Paint Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Technology (Water based, Solvent based, Powder Coating, Others)
9.2.2. By Application (Automotive, Appliances, Others) By States (Top 3)
9.2.3. By Company
10. Value Chain Analysis11. Import & Export Analysis
12. Market Dynamics
12.1. Drivers/Opportunities
12.2. Challenges/Restraints
13. Market Trends & Developments
14. Pricing Analysis
14.1. By Company
14.1.1. By Resin
14.1.2. By Type
15. Policy & Regulatory Landscape16. India Economic Profile
17. Competitive Landscape
17.1. Competition Outlook
17.2. Company Profiles (Basic Financials, Product-Mix, Brand, Product Capacity, Expansion Plans, SWOT Analysis, Key Marketing Strategies, Distribution Network, Business Outlook & Risk Profile, Raw Material Sourcing etc.)
17.2.1. Asian Paints Ltd
17.2.2. Berger Paints India Limited
17.2.3. Akzo Nobel India Ltd
17.2.4. Kansai Nerolac Paints Limited
17.2.5. Shalimar Paints
17.2.6. Jotun India Pvt. Ltd
17.2.7. Nippon Paint Holding Co. Ltd
17.2.8. Sheenlac Paints Ltd
17.2.9. Snowcem Paints
17.2.10. Weilburger
18. Strategic Recommendations19. About Us & Disclaimer

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Asian Paints Ltd
  • Berger Paints India Limited
  • Akzo Nobel India Ltd
  • Kansai Nerolac Paints Limited
  • Shalimar Paints
  • Jotun India Pvt. Ltd
  • Nippon Paint Holding Co. Ltd
  • Sheenlac Paints Ltd
  • Snowcem Paints
  • Weilburger