In order to match colours that meet customers' changing needs, paint companies need variety in colours that meet today's market requirements as well as reliable equipment for the customers. Tinting machines or also known as paint dispensers are known worldwide for their quality, innovative technologies, accuracy, high dosing speed and easy operation.
Tinting machine offers a total solution to the end user in the paint shop and also completes specifications for the coating industry. Tinting is the mixture of tint bases and colorants or pastes. Tinting, especially industrial coatings allows coatings suppliers to be more flexible and to target smaller custom jobs, which also opens up a portion of the market that may have been previously unavailable. Industrial paint and coatings companies can produce virtually any colour for any end use in the specific quantities required by the customer, to eliminate pre-mixed paints.
According the report on 'India Paint Market Overview, 2022-2028' published by Bonafide Research, India overall market for paint by volume is anticipated to reach more than 7 million tonnes at the end of forecast period. Rapid industrialization and increasing customer needs have forced leading manufacturers to develop differentiated products, which results new products or variant, and pricing. Indian paint market has grown with a CAGR of more than 7.5% during the period of 2016-17 to 2021-22. With the revolution in the industrial sector and advancements in automobile and other white goods industries, industrial paint market has grown to great extent. The Indian industrial paint market has grown with a CAGR of more than 6% in terms of volume in last six years.
The best example for this in recent years is Automatic Industrial Tinting Machine (AITM), a successful application of the latest production technology at COLORLAK. Its design, range and possibilities makes it unique. It enables to quickly and flexibly respond to market demands for the supply of quality coatings in a wide range of shades, in the required volume and primarily completed in a very short time. The batch production size starts at a minimum quantity of 5 kg, and the maximum upper limit is practically unlimited. Orders are normally completed within 24-48 hours. The entire process of dosing individual components is controlled by a computer. Thereby guaranteeing high precision and reproducibility of the required shades. Thus arguably any colour as per customer’s requirement can be modified.
Major companies that operate into the Paint market in India are Asian Paints Ltd, Berger Paints Ltd, Akzo Nobel India, Kansai Nerolac Paint Ltd, Pidilite Industries Ltd, Jenson & Nicholson India Ltd, Shalimar Paints Ltd, Snowcem Paints Pvt Ltd, British Paints India Ltd, Jotun India Pvt Ltd, Mysore Paints And Varnish Ltd, British Paints, Birla White, Gem Paints, Suraj Coats, Apollo Paints Pvt Ltd, Advance Paints Pvt Ltd And Nippon Paints.
Report: India Paint Market Overview, 2022-2028
Base Year: 2021-22, Estimated Year: 2022-23, Forecast Year: 2027-28