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India Paints and Coatings Market Size Analysis Report - Market Share, Forecast Trends and Outlook (2025-2034)
Market Report I 2025-05-29 I 102 Pages I EMR Inc.
The India paints and coatings market was valued at USD 9.37 Billion in 2024. The industry is expected to grow at a CAGR of 9.10% during the forecast period of 2025-2034 to attain a valuation of USD 22.39 Billion by 2034.
India Paints and Coatings Market Growth
The Indian paints and coatings market is one of the fastest-growing sectors across Asia. The rising real estate investments and infrastructure development in India are supporting the demand for paints and coatings across the country. The project completion in 2024-2025, along with increased government funding for affordable infrastructure and housing is supporting the market. In April 2024, the government of India announced their plans to construct 30 million affordable houses over the upcoming five years through PM Awas Yojana, in addition to the 40 million houses that are already under construction.
Prominent growth and contributions from the architectural and industrial sectors in India have allowed Indian manufacturers to witness growth over the years. Repainting of buildings is a key factor driving the demand for decorative paints. This is due to the increasing population, rising rental homes, and growing income levels of the population.
From July to September 2023, home sales in the seven largest cities of India including Mumbai, New Delhi, and Bangalore increased 36% compared to the same period in 2022, to more than 112,000 units. The growing recognition of some of the major cities like Bengaluru, Hyderabad, and Chennai as the best performing and preferred real estate destinations in India (South India in particular) is supporting the regional demand for paints and coatings.
India Paints and Coatings Industry Segmentation
India Paints and Coatings Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Architectural Coatings
- Industrial Coatings
- Market by Industry _x000D_ _x000D_ Automotive _x000D_ Wood _x000D_ Transportation_x000D_ _x000D_ Railroad Cards Construction and Repair _x000D_ Marine Uses _x000D_ Traffic _x000D_ Bridges _x000D_ Containers _x000D_ Civil Infrastructure _x000D_ _x000D_ _x000D_ Packaging_x000D_ _x000D_ Can Coating _x000D_ Food and Beverage Processing _x000D_ _x000D_ _x000D_ Others_x000D_ _x000D_ Oil and Gas _x000D_ Primary Metals, Mining Operations _x000D_ Polymer Flooring Systems _x000D_ Coil Coating _x000D_ Passive Fire Protection _x000D_ Public Utilities _x000D_ Water and STP _x000D_ National Defense and Space _x000D_ Pulp and Paper Mills _x000D_ Other Processing Uses Incl. Textiles _x000D_ _x000D_ _x000D_ _x000D_
- Architectural Coatings
- Industrial Coatings
- Market by Industry _x000D_ _x000D_ Automotive _x000D_ Wood _x000D_ Transportation_x000D_ _x000D_ Railroad Cards Construction and Repair _x000D_ Marine Uses _x000D_ Traffic _x000D_ Bridges _x000D_ Containers _x000D_ Civil Infrastructure _x000D_ _x000D_ _x000D_ Packaging_x000D_ _x000D_ Can Coating _x000D_ Food and Beverage Processing _x000D_ _x000D_ _x000D_ Others_x000D_ _x000D_ Oil and Gas _x000D_ Primary Metals, Mining Operations _x000D_ Polymer Flooring Systems _x000D_ Coil Coating _x000D_ Passive Fire Protection _x000D_ Public Utilities _x000D_ Water and STP _x000D_ National Defense and Space _x000D_ Pulp and Paper Mills _x000D_ Other Processing Uses Incl. Textiles _x000D_ _x000D_ _x000D_ _x000D_
- Market by Binder Type _x000D_ _x000D_ Epoxy (Two-Component) _x000D_ Urethane (One-Component Moisture Cure or Two-Component) _x000D_ Ethyl Silicate _x000D_ Silicone _x000D_ Vinyl _x000D_ Chlorinated Rubber _x000D_ Acrylic _x000D_ Alkyd _x000D_ Modified Binders_x000D_ _x000D_ Modified Epoxies _x000D_ Organic Zinc-Rich Coatings _x000D_ Epoxy Esters _x000D_ Coal Tar Epoxies _x000D_ Phenolic-Modified Alkyds _x000D_ Silicone-Modified Alkyds _x000D_ Organic-Inorganic Siloxane _x000D_ Hybrids (Polysiloxanes) _x000D_ _x000D_ _x000D_ _x000D_
- Market by Coating Type _x000D_ _x000D_ Primers _x000D_ Intermediates _x000D_ Direct-to-Metal _x000D_ _x000D_
- Market by Paint Composition _x000D_ _x000D_ Solid Content of Binder _x000D_ Other Contents _x000D_ _x000D_
- Thermosetting Powder Coating
- Market by End Use _x000D_ _x000D_ General Metal Finishing _x000D_ Appliances _x000D_ Heating, Ventilation, and Air Conditioning (HVAC) _x000D_ Electrical _x000D_ Architectural _x000D_ Automotive _x000D_ Functional _x000D_ Nonmetal _x000D_ _x000D_
- Market by Resin Type _x000D_ _x000D_ Pure Epoxy _x000D_ Epoxy/Carboxyl-Functional Polyester (Hybrid) _x000D_ Polyester (Carboxyl-Functional) _x000D_ Polyester (Hydroxyl-Functional) (Polyurethane) _x000D_ Acrylic (Functionalized with Glycidyl Methacrylate) _x000D_ _x000D_
- Market by Decorative Properties _x000D_ _x000D_ Smooth _x000D_ Textures _x000D_ Hammers _x000D_ Metallics _x000D_ Antiques _x000D_ Clears _x000D_ Special Effects Pigments _x000D_ Wood Grain Effect _x000D_ _x000D_
- Market by Binder Type _x000D_ _x000D_ Epoxy (Two-Component) _x000D_ Urethane (One-Component Moisture Cure or Two-Component) _x000D_ Ethyl Silicate _x000D_ Silicone _x000D_ Vinyl _x000D_ Chlorinated Rubber _x000D_ Acrylic _x000D_ Alkyd _x000D_ Modified Binders_x000D_ _x000D_ Modified Epoxies _x000D_ Organic Zinc-Rich Coatings _x000D_ Epoxy Esters _x000D_ Coal Tar Epoxies _x000D_ Phenolic-Modified Alkyds _x000D_ Silicone-Modified Alkyds _x000D_ Organic-Inorganic Siloxane _x000D_ Hybrids (Polysiloxanes) _x000D_ _x000D_ _x000D_ _x000D_
- Architectural Coatings
- Industrial Coatings
- Market by Industry _x000D_ _x000D_ Automotive _x000D_ Wood _x000D_ Transportation_x000D_ _x000D_ Railroad Cards Construction and Repair _x000D_ Marine Uses _x000D_ Traffic _x000D_ Bridges _x000D_ Containers _x000D_ Civil Infrastructure _x000D_ _x000D_ _x000D_ Packaging_x000D_ _x000D_ Can Coating _x000D_ Food and Beverage Processing _x000D_ _x000D_ _x000D_ Others_x000D_ _x000D_ Oil and Gas _x000D_ Primary Metals, Mining Operations _x000D_ Polymer Flooring Systems _x000D_ Coil Coating _x000D_ Passive Fire Protection _x000D_ Public Utilities _x000D_ Water and STP _x000D_ National Defense and Space _x000D_ Pulp and Paper Mills _x000D_ Other Processing Uses Incl. Textiles _x000D_ _x000D_ _x000D_ _x000D_
- Market by Binder Type _x000D_ _x000D_ Epoxy (Two-Component) _x000D_ Urethane (One-Component Moisture Cure or Two-Component) _x000D_ Ethyl Silicate _x000D_ Silicone _x000D_ Vinyl _x000D_ Chlorinated Rubber _x000D_ Acrylic _x000D_ Alkyd _x000D_ Modified Binders_x000D_ _x000D_ Modified Epoxies _x000D_ Organic Zinc-Rich Coatings _x000D_ Epoxy Esters _x000D_ Coal Tar Epoxies _x000D_ Phenolic-Modified Alkyds _x000D_ Silicone-Modified Alkyds _x000D_ Organic-Inorganic Siloxane _x000D_ Hybrids (Polysiloxanes) _x000D_ _x000D_ _x000D_ _x000D_
- Market by Coating Type _x000D_ _x000D_ Primers _x000D_ Intermediates _x000D_ Direct-to-Metal _x000D_ _x000D_
- Market by Paint Composition _x000D_ _x000D_ Solid Content of Binder _x000D_ Other Contents _x000D_ _x000D_
- Thermosetting Powder Coating
- Market by End Use _x000D_ _x000D_ General Metal Finishing _x000D_ Appliances _x000D_ Heating, Ventilation, and Air Conditioning (HVAC) _x000D_ Electrical _x000D_ Architectural _x000D_ Automotive _x000D_ Functional _x000D_ Nonmetal _x000D_ _x000D_
- Market by Resin Type _x000D_ _x000D_ Pure Epoxy _x000D_ Epoxy/Carboxyl-Functional Polyester (Hybrid) _x000D_ Polyester (Carboxyl-Functional) _x000D_ Polyester (Hydroxyl-Functional) (Polyurethane) _x000D_ Acrylic (Functionalized with Glycidyl Methacrylate) _x000D_ _x000D_
- Market by Decorative Properties _x000D_ _x000D_ Smooth _x000D_ Textures _x000D_ Hammers _x000D_ Metallics _x000D_ Antiques _x000D_ Clears _x000D_ Special Effects Pigments _x000D_ Wood Grain Effect _x000D_ _x000D_
- Market by Coating Type _x000D_ _x000D_ Primers _x000D_ Intermediates _x000D_ Direct-to-Metal _x000D_ _x000D_
- Architectural Coatings
- Industrial Coatings
- Market by Industry _x000D_ _x000D_ Automotive _x000D_ Wood _x000D_ Transportation_x000D_ _x000D_ Railroad Cards Construction and Repair _x000D_ Marine Uses _x000D_ Traffic _x000D_ Bridges _x000D_ Containers _x000D_ Civil Infrastructure _x000D_ _x000D_ _x000D_ Packaging_x000D_ _x000D_ Can Coating _x000D_ Food and Beverage Processing _x000D_ _x000D_ _x000D_ Others_x000D_ _x000D_ Oil and Gas _x000D_ Primary Metals, Mining Operations _x000D_ Polymer Flooring Systems _x000D_ Coil Coating _x000D_ Passive Fire Protection _x000D_ Public Utilities _x000D_ Water and STP _x000D_ National Defense and Space _x000D_ Pulp and Paper Mills _x000D_ Other Processing Uses Incl. Textiles _x000D_ _x000D_ _x000D_ _x000D_
- Market by Binder Type _x000D_ _x000D_ Epoxy (Two-Component) _x000D_ Urethane (One-Component Moisture Cure or Two-Component) _x000D_ Ethyl Silicate _x000D_ Silicone _x000D_ Vinyl _x000D_ Chlorinated Rubber _x000D_ Acrylic _x000D_ Alkyd _x000D_ Modified Binders_x000D_ _x000D_ Modified Epoxies _x000D_ Organic Zinc-Rich Coatings _x000D_ Epoxy Esters _x000D_ Coal Tar Epoxies _x000D_ Phenolic-Modified Alkyds _x000D_ Silicone-Modified Alkyds _x000D_ Organic-Inorganic Siloxane _x000D_ Hybrids (Polysiloxanes) _x000D_ _x000D_ _x000D_ _x000D_
- Market by Coating Type _x000D_ _x000D_ Primers _x000D_ Intermediates _x000D_ Direct-to-Metal _x000D_ _x000D_
- Market by Paint Composition _x000D_ _x000D_ Solid Content of Binder _x000D_ Other Contents _x000D_ _x000D_
- Thermosetting Powder Coating
- Market by End Use _x000D_ _x000D_ General Metal Finishing _x000D_ Appliances _x000D_ Heating, Ventilation, and Air Conditioning (HVAC) _x000D_ Electrical _x000D_ Architectural _x000D_ Automotive _x000D_ Functional _x000D_ Nonmetal _x000D_ _x000D_
- Market by Resin Type _x000D_ _x000D_ Pure Epoxy _x000D_ Epoxy/Carboxyl-Functional Polyester (Hybrid) _x000D_ Polyester (Carboxyl-Functional) _x000D_ Polyester (Hydroxyl-Functional) (Polyurethane) _x000D_ Acrylic (Functionalized with Glycidyl Methacrylate) _x000D_ _x000D_
- Market by Decorative Properties _x000D_ _x000D_ Smooth _x000D_ Textures _x000D_ Hammers _x000D_ Metallics _x000D_ Antiques _x000D_ Clears _x000D_ Special Effects Pigments _x000D_ Wood Grain Effect _x000D_ _x000D_
- Market by Paint Composition _x000D_ _x000D_ Solid Content of Binder _x000D_ Other Contents _x000D_ _x000D_
- Architectural Coatings
- Industrial Coatings
- Market by Industry _x000D_ _x000D_ Automotive _x000D_ Wood _x000D_ Transportation_x000D_ _x000D_ Railroad Cards Construction and Repair _x000D_ Marine Uses _x000D_ Traffic _x000D_ Bridges _x000D_ Containers _x000D_ Civil Infrastructure _x000D_ _x000D_ _x000D_ Packaging_x000D_ _x000D_ Can Coating _x000D_ Food and Beverage Processing _x000D_ _x000D_ _x000D_ Others_x000D_ _x000D_ Oil and Gas _x000D_ Primary Metals, Mining Operations _x000D_ Polymer Flooring Systems _x000D_ Coil Coating _x000D_ Passive Fire Protection _x000D_ Public Utilities _x000D_ Water and STP _x000D_ National Defense and Space _x000D_ Pulp and Paper Mills _x000D_ Other Processing Uses Incl. Textiles _x000D_ _x000D_ _x000D_ _x000D_
- Market by Binder Type _x000D_ _x000D_ Epoxy (Two-Component) _x000D_ Urethane (One-Component Moisture Cure or Two-Component) _x000D_ Ethyl Silicate _x000D_ Silicone _x000D_ Vinyl _x000D_ Chlorinated Rubber _x000D_ Acrylic _x000D_ Alkyd _x000D_ Modified Binders_x000D_ _x000D_ Modified Epoxies _x000D_ Organic Zinc-Rich Coatings _x000D_ Epoxy Esters _x000D_ Coal Tar Epoxies _x000D_ Phenolic-Modified Alkyds _x000D_ Silicone-Modified Alkyds _x000D_ Organic-Inorganic Siloxane _x000D_ Hybrids (Polysiloxanes) _x000D_ _x000D_ _x000D_ _x000D_
- Market by Coating Type _x000D_ _x000D_ Primers _x000D_ Intermediates _x000D_ Direct-to-Metal _x000D_ _x000D_
- Market by Paint Composition _x000D_ _x000D_ Solid Content of Binder _x000D_ Other Contents _x000D_ _x000D_
- Thermosetting Powder Coating
- Market by End Use _x000D_ _x000D_ General Metal Finishing _x000D_ Appliances _x000D_ Heating, Ventilation, and Air Conditioning (HVAC) _x000D_ Electrical _x000D_ Architectural _x000D_ Automotive _x000D_ Functional _x000D_ Nonmetal _x000D_ _x000D_
- Market by Resin Type _x000D_ _x000D_ Pure Epoxy _x000D_ Epoxy/Carboxyl-Functional Polyester (Hybrid) _x000D_ Polyester (Carboxyl-Functional) _x000D_ Polyester (Hydroxyl-Functional) (Polyurethane) _x000D_ Acrylic (Functionalized with Glycidyl Methacrylate) _x000D_ _x000D_
- Market by Decorative Properties _x000D_ _x000D_ Smooth _x000D_ Textures _x000D_ Hammers _x000D_ Metallics _x000D_ Antiques _x000D_ Clears _x000D_ Special Effects Pigments _x000D_ Wood Grain Effect _x000D_ _x000D_
- Thermosetting Powder Coating
- Market by End Use _x000D_ _x000D_ General Metal Finishing _x000D_ Appliances _x000D_ Heating, Ventilation, and Air Conditioning (HVAC) _x000D_ Electrical _x000D_ Architectural _x000D_ Automotive _x000D_ Functional _x000D_ Nonmetal _x000D_ _x000D_
- Architectural Coatings
- Industrial Coatings
- Market by Industry _x000D_ _x000D_ Automotive _x000D_ Wood _x000D_ Transportation_x000D_ _x000D_ Railroad Cards Construction and Repair _x000D_ Marine Uses _x000D_ Traffic _x000D_ Bridges _x000D_ Containers _x000D_ Civil Infrastructure _x000D_ _x000D_ _x000D_ Packaging_x000D_ _x000D_ Can Coating _x000D_ Food and Beverage Processing _x000D_ _x000D_ _x000D_ Others_x000D_ _x000D_ Oil and Gas _x000D_ Primary Metals, Mining Operations _x000D_ Polymer Flooring Systems _x000D_ Coil Coating _x000D_ Passive Fire Protection _x000D_ Public Utilities _x000D_ Water and STP _x000D_ National Defense and Space _x000D_ Pulp and Paper Mills _x000D_ Other Processing Uses Incl. Textiles _x000D_ _x000D_ _x000D_ _x000D_
- Market by Binder Type _x000D_ _x000D_ Epoxy (Two-Component) _x000D_ Urethane (One-Component Moisture Cure or Two-Component) _x000D_ Ethyl Silicate _x000D_ Silicone _x000D_ Vinyl _x000D_ Chlorinated Rubber _x000D_ Acrylic _x000D_ Alkyd _x000D_ Modified Binders_x000D_ _x000D_ Modified Epoxies _x000D_ Organic Zinc-Rich Coatings _x000D_ Epoxy Esters _x000D_ Coal Tar Epoxies _x000D_ Phenolic-Modified Alkyds _x000D_ Silicone-Modified Alkyds _x000D_ Organic-Inorganic Siloxane _x000D_ Hybrids (Polysiloxanes) _x000D_ _x000D_ _x000D_ _x000D_
- Market by Coating Type _x000D_ _x000D_ Primers _x000D_ Intermediates _x000D_ Direct-to-Metal _x000D_ _x000D_
- Market by Paint Composition _x000D_ _x000D_ Solid Content of Binder _x000D_ Other Contents _x000D_ _x000D_
- Thermosetting Powder Coating
- Market by End Use _x000D_ _x000D_ General Metal Finishing _x000D_ Appliances _x000D_ Heating, Ventilation, and Air Conditioning (HVAC) _x000D_ Electrical _x000D_ Architectural _x000D_ Automotive _x000D_ Functional _x000D_ Nonmetal _x000D_ _x000D_
- Market by Resin Type _x000D_ _x000D_ Pure Epoxy _x000D_ Epoxy/Carboxyl-Functional Polyester (Hybrid) _x000D_ Polyester (Carboxyl-Functional) _x000D_ Polyester (Hydroxyl-Functional) (Polyurethane) _x000D_ Acrylic (Functionalized with Glycidyl Methacrylate) _x000D_ _x000D_
- Market by Decorative Properties _x000D_ _x000D_ Smooth _x000D_ Textures _x000D_ Hammers _x000D_ Metallics _x000D_ Antiques _x000D_ Clears _x000D_ Special Effects Pigments _x000D_ Wood Grain Effect _x000D_ _x000D_
- Market by Resin Type _x000D_ _x000D_ Pure Epoxy _x000D_ Epoxy/Carboxyl-Functional Polyester (Hybrid) _x000D_ Polyester (Carboxyl-Functional) _x000D_ Polyester (Hydroxyl-Functional) (Polyurethane) _x000D_ Acrylic (Functionalized with Glycidyl Methacrylate) _x000D_ _x000D_
- Architectural Coatings
- Industrial Coatings
- Market by Industry _x000D_ _x000D_ Automotive _x000D_ Wood _x000D_ Transportation_x000D_ _x000D_ Railroad Cards Construction and Repair _x000D_ Marine Uses _x000D_ Traffic _x000D_ Bridges _x000D_ Containers _x000D_ Civil Infrastructure _x000D_ _x000D_ _x000D_ Packaging_x000D_ _x000D_ Can Coating _x000D_ Food and Beverage Processing _x000D_ _x000D_ _x000D_ Others_x000D_ _x000D_ Oil and Gas _x000D_ Primary Metals, Mining Operations _x000D_ Polymer Flooring Systems _x000D_ Coil Coating _x000D_ Passive Fire Protection _x000D_ Public Utilities _x000D_ Water and STP _x000D_ National Defense and Space _x000D_ Pulp and Paper Mills _x000D_ Other Processing Uses Incl. Textiles _x000D_ _x000D_ _x000D_ _x000D_
- Market by Binder Type _x000D_ _x000D_ Epoxy (Two-Component) _x000D_ Urethane (One-Component Moisture Cure or Two-Component) _x000D_ Ethyl Silicate _x000D_ Silicone _x000D_ Vinyl _x000D_ Chlorinated Rubber _x000D_ Acrylic _x000D_ Alkyd _x000D_ Modified Binders_x000D_ _x000D_ Modified Epoxies _x000D_ Organic Zinc-Rich Coatings _x000D_ Epoxy Esters _x000D_ Coal Tar Epoxies _x000D_ Phenolic-Modified Alkyds _x000D_ Silicone-Modified Alkyds _x000D_ Organic-Inorganic Siloxane _x000D_ Hybrids (Polysiloxanes) _x000D_ _x000D_ _x000D_ _x000D_
- Market by Coating Type _x000D_ _x000D_ Primers _x000D_ Intermediates _x000D_ Direct-to-Metal _x000D_ _x000D_
- Market by Paint Composition _x000D_ _x000D_ Solid Content of Binder _x000D_ Other Contents _x000D_ _x000D_
- Thermosetting Powder Coating
- Market by End Use _x000D_ _x000D_ General Metal Finishing _x000D_ Appliances _x000D_ Heating, Ventilation, and Air Conditioning (HVAC) _x000D_ Electrical _x000D_ Architectural _x000D_ Automotive _x000D_ Functional _x000D_ Nonmetal _x000D_ _x000D_
- Market by Resin Type _x000D_ _x000D_ Pure Epoxy _x000D_ Epoxy/Carboxyl-Functional Polyester (Hybrid) _x000D_ Polyester (Carboxyl-Functional) _x000D_ Polyester (Hydroxyl-Functional) (Polyurethane) _x000D_ Acrylic (Functionalized with Glycidyl Methacrylate) _x000D_ _x000D_
- Market by Decorative Properties _x000D_ _x000D_ Smooth _x000D_ Textures _x000D_ Hammers _x000D_ Metallics _x000D_ Antiques _x000D_ Clears _x000D_ Special Effects Pigments _x000D_ Wood Grain Effect _x000D_ _x000D_
- Market by Decorative Properties _x000D_ _x000D_ Smooth _x000D_ Textures _x000D_ Hammers _x000D_ Metallics _x000D_ Antiques _x000D_ Clears _x000D_ Special Effects Pigments _x000D_ Wood Grain Effect _x000D_ _x000D_
- Architectural Coatings
- Industrial Coatings
- Market by Industry _x000D_ _x000D_ Automotive _x000D_ Wood _x000D_ Transportation_x000D_ _x000D_ Railroad Cards Construction and Repair _x000D_ Marine Uses _x000D_ Traffic _x000D_ Bridges _x000D_ Containers _x000D_ Civil Infrastructure _x000D_ _x000D_ _x000D_ Packaging_x000D_ _x000D_ Can Coating _x000D_ Food and Beverage Processing _x000D_ _x000D_ _x000D_ Others_x000D_ _x000D_ Oil and Gas _x000D_ Primary Metals, Mining Operations _x000D_ Polymer Flooring Systems _x000D_ Coil Coating _x000D_ Passive Fire Protection _x000D_ Public Utilities _x000D_ Water and STP _x000D_ National Defense and Space _x000D_ Pulp and Paper Mills _x000D_ Other Processing Uses Incl. Textiles _x000D_ _x000D_ _x000D_ _x000D_
- Market by Binder Type _x000D_ _x000D_ Epoxy (Two-Component) _x000D_ Urethane (One-Component Moisture Cure or Two-Component) _x000D_ Ethyl Silicate _x000D_ Silicone _x000D_ Vinyl _x000D_ Chlorinated Rubber _x000D_ Acrylic _x000D_ Alkyd _x000D_ Modified Binders_x000D_ _x000D_ Modified Epoxies _x000D_ Organic Zinc-Rich Coatings _x000D_ Epoxy Esters _x000D_ Coal Tar Epoxies _x000D_ Phenolic-Modified Alkyds _x000D_ Silicone-Modified Alkyds _x000D_ Organic-Inorganic Siloxane _x000D_ Hybrids (Polysiloxanes) _x000D_ _x000D_ _x000D_ _x000D_
- Market by Coating Type _x000D_ _x000D_ Primers _x000D_ Intermediates _x000D_ Direct-to-Metal _x000D_ _x000D_
- Market by Paint Composition _x000D_ _x000D_ Solid Content of Binder _x000D_ Other Contents _x000D_ _x000D_
- Thermosetting Powder Coating
- Market by End Use _x000D_ _x000D_ General Metal Finishing _x000D_ Appliances _x000D_ Heating, Ventilation, and Air Conditioning (HVAC) _x000D_ Electrical _x000D_ Architectural _x000D_ Automotive _x000D_ Functional _x000D_ Nonmetal _x000D_ _x000D_
- Market by Resin Type _x000D_ _x000D_ Pure Epoxy _x000D_ Epoxy/Carboxyl-Functional Polyester (Hybrid) _x000D_ Polyester (Carboxyl-Functional) _x000D_ Polyester (Hydroxyl-Functional) (Polyurethane) _x000D_ Acrylic (Functionalized with Glycidyl Methacrylate) _x000D_ _x000D_
- Market by Decorative Properties _x000D_ _x000D_ Smooth _x000D_ Textures _x000D_ Hammers _x000D_ Metallics _x000D_ Antiques _x000D_ Clears _x000D_ Special Effects Pigments _x000D_ Wood Grain Effect _x000D_ _x000D_
Market Breakup by Region
- North India
- East and Central India
- West India
- South India
India Paints and Coatings Market Share
Based on region, the market is divided into North India, East and Central India, West India, and South India. South India is anticipated to grow significantly with the increasing number of government investments to boost the real estate and infrastructure sector, increasing incomes of the population, and rising middle-class.
Leading Companies in the India Paints and Coatings Market
New players are entering the market while existing companies are scaling up and modernising their operations, further enhancing their competitive edge.
- Asian Paints Limited
- Berger Paints India Limited
- Akzo Nobel India Ltd
- Indigo Paints Ltd
- Kansai Nerolac Paints Limited
- Shalimar Paints Limited
- Jotun India Pvt. Ltd
- Nippon Paint (India) Private Limited
- Sheenlac Paints Ltd
- Maharani Innovative Paints Pvt. Ltd
- Others
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 India Paints and Coatings Market Analysis
5.1 Key Industry Highlights
5.2 India Paints and Coatings Historical Market (2018-2024)
5.3 India Paints and Coatings Market Forecast (2025-2034)
6 India Paints and Coatings Market by Type
6.1 Architectural Coatings
6.1.1 Historical Trend (2018-2024)
6.1.2 Forecast Trend (2025-2034)
6.2 Industrial Coatings
6.2.1 Historical Trend (2018-2024)
6.2.2 Forecast Trend (2025-2034)
6.2.3 Market share of Top 5 Leading Players (Production Capacity, Production, and Sales in FY2024)
6.2.4 Market by Industry
6.2.4.1 Automotive
6.2.4.2 Wood
6.2.4.3 Transportation
6.2.4.3.1 Railroad Cards Construction and Repair
6.2.4.3.2 Marine Uses
6.2.4.3.3 Traffic
6.2.4.3.4 Bridges
6.2.4.3.5 Containers
6.2.4.3.6 Civil Infrastructure
6.2.4.4 Packaging
6.2.4.4.1 Can Coating
6.2.4.4.2 Food and Beverage Processing
6.2.4.5 Others
6.2.4.5.1 Oil and Gas
6.2.4.5.2 Primary Metals, Mining Operations
6.2.4.5.3 Polymer Flooring Systems
6.2.4.5.4 Coil Coating
6.2.4.5.5 Passive Fire Protection
6.2.4.5.6 Public Utilities
6.2.4.5.7 Water and STP
6.2.4.5.8 National Defense and Space
6.2.4.5.9 Pulp and Paper Mills
6.2.4.5.10 Other Processing Uses Incl. Textiles
6.2.5 Market by Binder Type
6.2.5.1 Epoxy (Two-Component)
6.2.5.2 Urethane (One-Component Moisture Cure or Two-Component)
6.2.5.3 Ethyl Silicate
6.2.5.4 Silicone
6.2.5.5 Vinyl
6.2.5.6 Chlorinated Rubber
6.2.5.7 Acrylic
6.2.5.8 Alkyd
6.2.5.9 Modified Binders
6.2.5.9.1 Modified Epoxies
6.2.5.9.2 Organic Zinc-Rich Coatings
6.2.5.9.3 Epoxy Esters
6.2.5.9.4 Coal Tar Epoxies
6.2.5.9.5 Phenolic-Modified Alkyds
6.2.5.9.6 Silicone-Modified Alkyds
6.2.5.9.7 Organic-Inorganic Siloxane
6.2.5.9.8 Hybrids (Polysiloxanes)
6.2.6 Market by Coating Type
6.2.6.1 Primers
6.2.6.2 Intermediates
6.2.6.3 Direct-to-Metal
6.2.7 Market by Paint Composition
6.2.7.1 Solid Content of Binder
6.2.7.2 Other Contents
6.3 Thermosetting Powder Coating
6.3.1 Historical Trend (2018-2024)
6.3.2 Forecast Trend (2025-2034)
6.3.3 Market share of Top 5 Leading Players (Production Capacity, Production, and Sales in FY2023)
6.3.4 Market by End Use
6.3.4.1 General Metal Finishing
6.3.4.2 Appliances
6.3.4.3 Heating, Ventilation, and Air Conditioning (HVAC)
6.3.4.4 Electrical
6.3.4.5 Architectural
6.3.4.6 Automotive
6.3.4.7 Functional
6.3.4.8 Nonmetal
6.3.5 Market by Resin Type
6.3.5.1 Pure Epoxy
6.3.5.2 Epoxy/Carboxyl-Functional Polyester (Hybrid)
6.3.5.3 Polyester (Carboxyl-Functional)
6.3.5.4 Polyester (Hydroxyl-Functional) (Polyurethane)
6.3.5.5 Acrylic (Functionalized with Glycidyl Methacrylate).
6.3.6 Market by Decorative Properties
6.3.6.1 Smooth
6.3.6.2 Textures
6.3.6.3 Hammers
6.3.6.4 Metallics
6.3.6.5 Antiques
6.3.6.6 Clears
6.3.6.7 Special Effects Pigments
6.3.6.8 Wood Grain Effect
7 India Paints and Coatings Market by Region
7.1 North India
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 East and Central India
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 West India
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.4 South India
7.4.1 Historical Trend (2018-2024)
7.4.2 Forecast Trend (2025-2034)
8 Market Dynamics
8.1 SWOT Analysis
8.1.1 Strengths
8.1.2 Weaknesses
8.1.3 Opportunities
8.1.4 Threats
8.2 Porter's Five Forces Analysis
8.2.1 Supplier's Power
8.2.2 Buyer's Power
8.2.3 Threat of New Entrants
8.2.4 Degree of Rivalry
8.2.5 Threat of Substitutes
8.3 Key Indicators for Demand
8.4 Key Indicators for Price
9 Import And Export Volumes in KMT and INR Billion (Architectural, Industrial, and Thermosetting Powder Coatings)
10 Value Chain Analysis
11 Competitive Landscape
11.1 Supplier Selection
11.2 Key Global Players
11.3 Key Regional Players
11.4 Key Player Strategies
11.5 Company Profiles
11.5.1 Asian Paints Limited
11.5.1.1 Company Overview
11.5.1.2 Product Portfolio
11.5.1.3 Demographic Reach and Achievements
11.5.1.4 Certifications
11.5.2 Berger Paints India Limited
11.5.2.1 Company Overview
11.5.2.2 Product Portfolio
11.5.2.3 Demographic Reach and Achievements
11.5.2.4 Certifications
11.5.3 Akzo Nobel India Ltd
11.5.3.1 Company Overview
11.5.3.2 Product Portfolio
11.5.3.3 Demographic Reach and Achievements
11.5.3.4 Certifications
11.5.4 Indigo Paints Ltd
11.5.4.1 Company Overview
11.5.4.2 Product Portfolio
11.5.4.3 Demographic Reach and Achievements
11.5.4.4 Certifications
11.5.5 Kansai Nerolac Paints Limited
11.5.5.1 Company Overview
11.5.5.2 Product Portfolio
11.5.5.3 Demographic Reach and Achievements
11.5.5.4 Certifications
11.5.6 Shalimar Paints Limited
11.5.6.1 Company Overview
11.5.6.2 Product Portfolio
11.5.6.3 Demographic Reach and Achievements
11.5.6.4 Certifications
11.5.7 Jotun India Pvt. Ltd
11.5.7.1 Company Overview
11.5.7.2 Product Portfolio
11.5.7.3 Demographic Reach and Achievements
11.5.7.4 Certifications
11.5.8 Nippon Paint (India) Private Limited
11.5.8.1 Company Overview
11.5.8.2 Product Portfolio
11.5.8.3 Demographic Reach and Achievements
11.5.8.4 Certifications
11.5.9 Sheenlac Paints Ltd
11.5.9.1 Company Overview
11.5.9.2 Product Portfolio
11.5.9.3 Demographic Reach and Achievements
11.5.9.4 Certifications
11.5.10 Maharani Innovative Paints Pvt. Ltd.
11.5.10.1 Company Overview
11.5.10.2 Product Portfolio
11.5.10.3 Demographic Reach and Achievements
11.5.10.4 Certifications
11.5.11 Others
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