
India Paint and Coating Market, By Formulation (Acrylic Coatings, Epoxy Coatings, Polyurethane Coatings, Alkyd Coatings, Polyester Coatings, Others); By Technology (Waterborne Coatings, Solvent-borne Coatings, Powder Coatings, UV Coatings); By Application
Description
India Paint and Coating Market, By Formulation (Acrylic Coatings, Epoxy Coatings, Polyurethane Coatings, Alkyd Coatings, Polyester Coatings, Others); By Technology (Waterborne Coatings, Solvent-borne Coatings, Powder Coatings, UV Coatings); By Application (Interior, Exterior, Metal Coating, Wood Coating, Plastic Coating); By End User (Residential, Commercial, Industrial); By Distribution Channel (Direct Sales, Indirect Stores); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
India Paint and Coating Market Expands at Glowing 10% CAGR to Touch 16 Billion by 2030
India Paint and Coating Market is booming primarily due to the country's burgeoning urbanization, coupled with the government’s initiatives like "Make in India," robust number of large infrastructure projects, a thriving automotive industry, and rising disposable incomes among the growing middle class people.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Paint and Coating Market size by value at USD 9.3 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Paint and Coating Market size to expand at a CAGR of 10% reaching a value of USD 15.8 billion by 2030. The Paint and Coating Market in India is propelled by robust infrastructure development, rapid urbanization, and a growing consumer inclination towards durable and eco-friendly coatings. The flourishing construction and real estate sectors significantly boost demand for decorative and protective coatings to enhance both aesthetics and durability. Major infrastructure projects, including highways, bridges, and airports, drive the need for coatings resistant to corrosion, weathering, and chemical exposure. The expanding automotive industry, fueled by rising vehicle production, further contributes to market growth by driving demand for corrosion-resistant and visually appealing coatings. The increasing focus on sustainability and environmental friendliness aligns with evolving consumer preferences, supporting market expansion across construction, automotive, and industrial sectors.
Impact of Escalating Geopolitical Tensions on India Paint and Coating Market
India Paint and Coating Market may face significant challenges from intensifying geopolitical tensions across the world. These tensions can disrupt global trade, leading to supply chain disruptions and increased raw material costs, especially for oil-derived inputs like solvents and resins. This can affect production timelines and increase operational costs for manufacturers. Furthermore, geopolitical uncertainty can delay infrastructure projects and investments, impacting demand for paints and coatings in the construction and industrial sectors. While domestic demand may offset some of these effects, prolonged geopolitical instability poses risks to the market's long-term growth and profitability.
Southern Region Leads India Paint and Coating Market
South India's robust industrial and economic landscape, marked by growth in sectors such as automotive, manufacturing, IT, and pharmaceuticals, has solidified its position as the leading regional market for paints and coatings in India. The trend is projected to continue over the forecast period. The region's thriving construction sector, spurred by rapid urbanization, population growth, and infrastructure development in major cities like Bengaluru, Chennai, and Hyderabad, further fuels the demand for decorative and protective coatings. Moreover, South India's favorable climatic conditions enhance paint application efficiency, while its strong manufacturing base and extensive distribution networks facilitate market accessibility and sustained growth.
Competitive Landscape
India Paint and Coating Market is highly fragmented, with numerous players serving the market. The key players dominating India Paint and Coating Market include Akzo Nobel N.V., Asian Paints, Berger Paints India Limited, Indigo Paints, Jotun, JSW Paints, Kamdhenu Colour and Coatings Limited (KCCL), Kansai Nerolac Paints Limited, Nippon Paint Holding Co. Ltd, Shalimar Paints, and Sheenlac Paints Ltd. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and India Paint and Coating Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Paint and Coating Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
112 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. India Paint and Coating Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rapid urbanization in India
- 3.2.1.2. Government initiatives like Make in India and infrastructure projects
- 3.2.1.3. Growing automotive industry
- 3.2.1.4. Increasing disposable incomes
- 3.2.2. Restraints
- 3.2.2.1. Fluctuations in the prices of raw materials
- 3.2.2.2. Presence of counterfeit products
- 3.2.2.3. Inefficient distribution networks and logistical challenges
- 3.2.3. Opportunities
- 3.2.3.1. Expanding into rural markets with increasing awareness and disposable incomes
- 3.2.3.2. Growing demand for specialty coatings
- 3.2.3.3. Leveraging digital technologies for marketing, sales, and supply chain management
- 3.2.4. Challenges
- 3.2.4.1. Stringent environmental regulations can increase compliance costs and limit the use of certain chemicals.
- 3.2.4.2. Shortage of skilled labor can impact production and quality control.
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. India Paint and Coating Market: Marketing Strategies
- 5. India Paint and Coating Market Overview
- 5.1. Market Size & Forecast, 2019–2030
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Formulation
- 5.2.1.1. Acrylic Coatings
- 5.2.1.2. Epoxy Coatings
- 5.2.1.3. Polyurethane Coatings
- 5.2.1.4. Alkyl Coatings
- 5.2.1.5. Polyester Coatings
- 5.2.1.6. Others
- 5.2.2. By Technology
- 5.2.2.1. Waterborne Coatings
- 5.2.2.2. Solvent borne Coatings
- 5.2.2.3. Powder Coatings
- 5.2.2.4. UV Coatings
- 5.2.3. By Application
- 5.2.3.1. Interior
- 5.2.3.2. Exterior
- 5.2.3.3. Metal Coating
- 5.2.3.4. Wood Coating
- 5.2.3.5. Plastic Coating
- 5.2.4. By End User
- 5.2.4.1. Residential
- 5.2.4.2. Commercial
- 5.2.4.3. Industrial
- 5.2.5. By Distribution Channel
- 5.2.5.1. Direct Sales
- 5.2.5.2. Indirect Stores
- 5.2.6. By Region
- 5.2.6.1. North India
- 5.2.6.2. South India
- 5.2.6.3. East India
- 5.2.6.4. West India
- 6. North India Paint and Coating Market Overview
- 6.1. Market Size & Forecast, 2019–2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Formulation
- 6.2.2. By Technology
- 6.2.3. By Application
- 6.2.4. By End User
- 6.2.5. By Distribution Channel
- 7. South India Paint and Coating Market Overview
- 7.1. Market Size & Forecast, 2019–2030
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Formulation
- 7.2.2. By Technology
- 7.2.3. By Application
- 7.2.4. By End User
- 7.2.5. By Distribution Channel
- 8. East India Paint and Coating Market Overview
- 8.1. Market Size & Forecast, 2019–2030
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Formulation
- 8.2.2. By Technology
- 8.2.3. By Application
- 8.2.4. By End User
- 8.2.5. By Distribution Channel
- 9. West India Paint and Coating Market Overview
- 9.1. Market Size & Forecast, 2019–2030
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Formulation
- 9.2.2. By Technology
- 9.2.3. By Application
- 9.2.4. By End User
- 9.2.5. By Distribution Channel
- 10. Competitive Landscape
- 10.1. List of Key Players and Their Offerings
- 10.2. India Paint and Coating Company Market Share Analysis, 2023
- 10.3. Competitive Benchmarking, By Operating Parameters
- 10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 11. Impact of Escalating Geopolitical Tensions on India Paint and Coating Market
- 12. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 12.1. Akzo Nobel N.V.
- 12.2. Asian Paints
- 12.3. Berger Paints India Limited
- 12.4. Indigo Paints
- 12.5. Jotun
- 12.6. JSW PAINTS
- 12.7. Kamdhenu Colour and Coatings Limited (KCCL)
- 12.8. Kansai Nerolac Paints Limited
- 12.9. Nippon Paint Holding Co. Ltd
- 12.10. Shalimar Paints
- 12.11. Sheenlac Paints Ltd
- 12.12. Other Prominent Players
- 13. Key Strategic Recommendations
- 14. Research Methodology
- 14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
- 14.2. Quantitative Research
- 14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
- 14.4. Breakdown of Primary Research Respondents, By Region
- 14.5. Assumption & Limitation
- * Financial information of non-listed companies will be provided as per availability
- **The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
- List of Figures
- Figure 1 India Paint and Coating Market Segmentation
- Figure 2 India Paint and Coating Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 India Paint and Coating Market Size, By Value (USD Billion), 2019–2030
- Figure 5 India Paint and Coating Market Share, By Formulation, By Value (USD Billion), 2019–2030
- Figure 6 India Paint and Coating Market Share, By Technology, By Value (USD Billion), 2019–2030
- Figure 7 India Paint and Coating Market Share, By Application, By Value (USD Billion), 2019–2030
- Figure 8 India Paint and Coating Market Share, By End User, By Value (USD Billion), 2019–2030
- Figure 9 India Paint and Coating Market Share, By Distribution Channel, By Value (USD Billion), 2019–2030
- Figure 10 India Paint and Coating Market Share, By Region, By Value (USD Billion), 2019–2030
- Figure 11 North India Paint and Coating Market Size, By Value (USD Billion), 2019–2030
- Figure 12 North India Paint and Coating Market Share, By Formulation, By Value (USD Billion), 2019–2030
- Figure 13 North India Paint and Coating Market Share, By Technology, By Value (USD Billion), 2019–2030
- Figure 14 North India Paint and Coating Market Share, By Application, By Value (USD Billion), 2019–2030
- Figure 15 North India Paint and Coating Market Share, By End User, By Value (USD Billion), 2019–2030
- Figure 16 North India Paint and Coating Market Share, By Distribution Channel, By Value (USD Billion), 2019–2030
- Figure 17 South India Paint and Coating Market Size, By Value (USD Billion), 2019–2030
- Figure 18 South India Paint and Coating Market Share, By Formulation, By Value (USD Billion), 2019–2030
- Figure 19 South India Paint and Coating Market Share, By Technology, By Value (USD Billion), 2019–2030
- Figure 20 South India Paint and Coating Market Share, By Application, By Value (USD Billion), 2019–2030
- Figure 21 South India Paint and Coating Market Share, By End User, By Value (USD Billion), 2019–2030
- Figure 22 India Paint and Coating Market Share, By Distribution Channel, By Value (USD Billion), 2019–2030
- Figure 23 East India Paint and Coating Market Size, By Value (USD Billion), 2019–2030
- Figure 24 East India Paint and Coating Market Share, By Formulation, By Value (USD Billion), 2019–2030
- Figure 25 East India Paint and Coating Market Share, By Technology, By Value (USD Billion), 2019–2030
- Figure 26 East India Paint and Coating Market Share, By Application, By Value (USD Billion), 2019–2030
- Figure 27 East India Paint and Coating Market Share, By End User, By Value (USD Billion), 2019–2030
- Figure 28 East India Paint and Coating Market Share, By Distribution Channel, By Value (USD Billion), 2019–2030
- Figure 29 West India Paint and Coating Market Size, By Value (USD Billion), 2019–2030
- Figure 30 West India Paint and Coating Market Share, By Formulation, By Value (USD Billion), 2019–2030
- Figure 31 West India Paint and Coating Market Share, By Technology, By Value (USD Billion), 2019–2030
- Figure 32 West India Paint and Coating Market Share, By Application, By Value (USD Billion), 2019–2030
- Figure 33 West India Paint and Coating Market Share, By End User, By Value (USD Billion), 2019–2030
- Figure 34 West India Paint and Coating Market Share, By Distribution Channel, By Value (USD Billion), 2019–2030
- List of Tables
- Table 1 India Paint and Coating Market Size, By Value (USD Billion), 2019–2030
- Table 2 India Paint and Coating Market Share, By Formulation, By Value (USD Billion), 2019–2030
- Table 3 India Paint and Coating Market Share, By Technology, By Value (USD Billion), 2019–2030
- Table 4 India Paint and Coating Market Share, By Application, By Value (USD Billion), 2019–2030
- Table 5 India Paint and Coating Market Share, By End User, By Value (USD Billion), 2019–2030
- Table 6 India Paint and Coating Market Share, By Distribution Channel, By Value (USD Billion), 2019–2030
- Table 7 India Paint and Coating Market Share, By Region, By Value (USD Billion), 2019–2030
- Table 8 North India Paint and Coating Market Size, By Value (USD Billion), 2019–2030
- Table 9 North India Paint and Coating Market Share, By Formulation, By Value (USD Billion), 2019–2030
- Table 10 North India Paint and Coating Market Share, By Technology, By Value (USD Billion), 2019–2030
- Table 11 North India Paint and Coating Market Share, By Application, By Value (USD Billion), 2019–2030
- Table 12 North India Paint and Coating Market Share, By End User, By Value (USD Billion), 2019–2030
- Table 13 North India Paint and Coating Market Share, By Distribution Channel, By Value (USD Billion), 2019–2030
- Table 14 South India Paint and Coating Market Size, By Value (USD Billion), 2019–2030
- Table 15 South India Paint and Coating Market Share, By Formulation, By Value (USD Billion), 2019–2030
- Table 16 South India Paint and Coating Market Share, By Technology, By Value (USD Billion), 2019–2030
- Table 17 South India Paint and Coating Market Share, By Application, By Value (USD Billion), 2019–2030
- Table 18 South India Paint and Coating Market Share, By End User, By Value (USD Billion), 2019–2030
- Table 19 South India Paint and Coating Market Share, By Distribution Channel, By Value (USD Billion), 2019–2030
- Table 20 East India Paint and Coating Market Size, By Value (USD Billion), 2019–2030
- Table 21 East India Paint and Coating Market Share, By Formulation, By Value (USD Billion), 2019–2030
- Table 22 East India Paint and Coating Market Share, By Technology, By Value (USD Billion), 2019–2030
- Table 23 East India Paint and Coating Market Share, By Application, By Value (USD Billion), 2019–2030
- Table 24 East India Paint and Coating Market Share, By End User, By Value (USD Billion), 2019–2030
- Table 25 East India Paint and Coating Market Share, By Distribution Channel, By Value (USD Billion), 2019–2030
- Table 26 West India Paint and Coating Market Size, By Value (USD Billion), 2019–2030
- Table 27 West India Paint and Coating Market Share, By Formulation, By Value (USD Billion), 2019–2030
- Table 28 West India Paint and Coating Market Share, By Technology, By Value (USD Billion), 2019–2030
- Table 29 West India Paint and Coating Market Share, By Application, By Value (USD Billion), 2019–2030
- Table 30 West India Paint and Coating Market Share, By End User, By Value (USD Billion), 2019–2030
- Table 31 West India Paint and Coating Market Share, By Distribution Channel, By Value (USD Billion), 2019–2030
- Table 31 Akzo Nobel N.V. Company Overview
- Table 32 Akzo Nobel N.V. Financial Overview
- Table 33 Asian Paints Company Overview
- Table 34 Asian Paints Financial Overview
- Table 35 Berger Paints India Limited Company Overview
- Table 36 Berger Paints India Limited Financial Overview
- Table 37 Indigo Paints Company Overview
- Table 38 Indigo Paints Financial Overview
- Table 39 Jotun Company Overview
- Table 40 Jotun Financial Overview
- Table 41 JSW Paints Company Overview
- Table 42 JSW Paints Financial Overview
- Table 43 Kamdhenu Colour and Coatings Limited (KCCL) Company Overview
- Table 44 Kamdhenu Colour and Coatings Limited (KCCL) Financial Overview
- Table 45 Kansai Nerolac Paints Limited Company Overview
- Table 46 Kansai Nerolac Paints Limited Financial Overview
- Table 47 Nippon Paint Holding Co. Ltd Company Overview
- Table 48 Nippon Paint Holding Co. Ltd Financial Overview
- Table 49 Shalimar Paints Company Overview
- Table 50 Shalimar Paints Financial Overview
- Table 51 Sheenlac Paints Ltd Company Overview
- Table 52 Sheenlac Paints Ltd Financial Overview
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