According to IMARC Group's report titled "India Paint Market Report by Technology (Water-based, Solvent-based), Type of Paint (Emulsion, Enamel, Distemper, Textures, and Others), Resin (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Others), End User (Architectural and Decorative, Non-Architectural), and Region 2025-2033", the report presents a thorough review featuring the India paint market growth, share, trends, and research of the industry.
How Big is the India Paint Industry?
The India paint market size was valued USD 7.2 Billion in 2024. By 2033, this figure is projected to reach around USD 11.4 Billion, with a compound annual growth rate (CAGR) of 5.04% over the forecast period (2025-2033).
India Paint Market Trends:
Changing lifestyles, urbanization trends, changing aesthetics and eco-friendly advancements are the core factors for the growth of India paint market. Rising home improvement and real estate segments are fueling demand for decorative paints. Consumer demand is leading to more environmentally friendly, low VOC and low odor techniques. Software applications that help consumers visualize colors have changed the face of paint sales to consumers.
Additionally, premiumization is on the rise, as more consumers are opting for textures and better weather-resistance coatings, and the number of partnerships between paint manufacturers and construction companies increases the consumption of industrial and protective paints. The rural market is also set to have a similar growth in demand led by factors such as rising incomes, increasing penetration of branded paint products and advances in technology (for example, the advent of nanotechnology based coatings that offer more durability, better performance).
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India Paint Market Scope and Growth:
Factors which are helping growth include the real estate boom in the country, government infrastructure projects, and increase in per capita income. Demand for decorative and industrial coating segments is increasing due to the boom in the housing construction and refurbishment markets. The use of smart coatings and automatic color-mixing technology has increased the efficiency of paint manufacturing, and the automobile and industrial sectors are demanding more paint.
This has been helped by the expansion of retail networks, digital selling platforms, government support for affordable housing and government support for sustainable housing projects. These have greatly increased the accessibility to products for the urban and rural population. Apart from this, high-performance and anti-bacterial/ weather- resistant paint products have also been growing in appeal which further aids in the growth of the market. The India paint industry is continuously evolving with a focus on sustainability and innovation and remains a fast-growing sector of the manufacturing industry.
India Paint Market Report and Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest India paint market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Technology Insights:
- Water-based
- Solvent-based
Type of Paint Insights:
- Emulsion
- Enamel
- Distemper
- Textures
- Others
Resin Insights:
- Acrylic
- Alkyd
- Polyurethane
- Epoxy
- Polyester
- Others
End User Insights:
- Architectural and Decorative
- Non-Architectural
- Automotive and Transportation
- Wood
- General Industrial
- Marine
- Others
Breakup by Region:
- East India
- North India
- South India
- West India
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Other key areas covered in the report:
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Market Dynamics
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
- Top Winning Strategies
- Recent Industry News
- Key Technological Trends & Development
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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