India Paint Market Overview, 2022-28

Paint market is combination of organised market and unorganised market. Both are further segmented into decorative paints and industrial paints.

Featured Companies

  • 1. Akzo Nobel India Limited
  • 2. Asian Paints Limited
  • 3. Berger Paints India Limited
  • 4. Kansai Nerolac Paint Limited
  • 5. Pidilite Industries Limited
  • More...

The report titled "India paint Market Overview, 2022-2028" provides a comprehensive analysis of the paint in India. The report offers a complete guide to the size and share of the market at a national level. Along with historic data, it also provides the latest sales data - thus allowing you to identify the market segments driving growth. The report also identifies leading companies and brands, along with examining competition among them. Forecasts through four years demonstrate how the market is set to change in coming years. Bonafide Research employs comprehensive and iterative research methodology focused on minimizing errors in order to provide the most accurate estimates and forecast possible.

India Paint Market Overview, 2022- 2028

India Paint market has fetched growth rate around 6.5% volume wise in last six years starting from 2016-17 to 2021-22. Total Paint market is combination of organised market and unorganised market. Both are further segmented into decorative paints and industrial paints. Nowadays Paint using water in place of solvent, Introduction of solar reflective coatings and eco-friendly paints are the major trends in paint industry. With the increasing share of organised market in the paint sector and increasing penetration in the rural market, the market for paint is growing at very fast rate.

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.

Considered for the Report:
Geography: India
Base Year: FY 2021-22
Estimated Year: FY 2022-23
Forecast Year: FY 2027-28

Objective of the study:
• To present an Indian outlook on Paint industry.
• To analyze and forecast the market size of India Paint, in terms of value.
• To analyze and forecast the market size of India Paint, in terms of volume.
• To define, classify and forecast Paint market on the basis of segments like Organised and unorganised Paint market.
• To further define and forecast India Paint Market on the basis of Product type like Decorative paints and Industrial paints.
• To strategically profile leading players, which are operating in the Paint industry of India

Approach for the Report:
Bonafide Research performed primary as well as secondary research for this study. Initially, a list of manufacturers and suppliers operating in the paint market of India were sourced through secondary sources. With the identified companies and consumers, primary research was carried out which included conducting online surveys, competitor analysis and exhaustive personal interviews - both face to face as well as telephonic basis, to extract maximum information from participants like industry executives/ distributors or consumers. Primary research gave us an idea of company revenues, export, pricing, geographical presence, channel partner model, USP etc. and also helped us to identify various small players who otherwise have less presence on the web.

Bonafide Research seeks secondary data from third-party sources such as published articles, company websites, magazine articles, associations, trade journals, annual reports, government official websites and other paid database sources. In addition, data is also mined from a host of reports in our repository, as well as a number of paid databases of Indian government. Using both primary and secondary information, Bonafide Research calculated the market size through a bottom-up approach, where manufacturers’ value sales data for different types of Paint were recorded and subsequently forecasted for the future years.

Scope of the Report:
“India Paint Market Overview, 2022-2028” discusses the following aspects of Paint market in India:
- India Paint Market Outlook
- India Paint Market Size By Value & Forecast
- India Paint Market Size By Volume & Forecast
- India Paint Market Segmental Analysis: By Company, By Category, By Segment,
- India Paint Organised Market Size By Value & Forecast
- India Paint Organised Market Size By Volume & Forecast
- India Paint Unorganised Market Size By Value & Forecast
- India Paint Unorganised Market Size By Volume & Forecast
- India Paint Decorative Market Size By Value And Forecast
- India Paint Decorative Market Size By Volume And Forecast
- India Paint Decorative Market Share By Product Type
- India Paint Industrial Market Size By Value And Forecast
- India Paint Industrial Market Size By Volume And Forecast
- India Paint Industrial Market Share By Product Type
- Product Price Variant
- Key Vendors in This Market Space

Intended Audience:
This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to Paint industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Arun Kalwani

Arun Kalwani

Research Analyst

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Arun Kalwani

Companies Mentioned

  • Akzo Nobel India Limited
  • Asian Paints Limited
  • Berger Paints India Limited
  • Kansai Nerolac Paint Limited
  • Pidilite Industries Limited

Table of Contents

  • Table of Content
  • 1. Executive Summary
  • 2. Market Structure
  • 2.1. Market Considerate
  • 2.2. Assumptions
  • 2.3. Limitations
  • 2.4. Abbreviations
  • 2.5. Sources
  • 2.6. Definitions
  • 2.7. India Macro Economic Indicators
  • 2.8. Demographics Insight
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. India Paint Market Outlook
  • 4.1. Market Size By Value
  • 4.2. Market Size By Volume
  • 4.3. Market Share
  • 4.3.1. By value
  • 4.3.1.1. By Organized Vs. Unorganized
  • 4.3.1.2. By Company
  • 4.3.1.3. By Category
  • 5. India Organized Paint Market Outlook
  • 5.1. Market Size By Value
  • 5.2. Market Size By Volume
  • 6. India Unorganized Paint Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Size By Volume
  • 7. India Decorative Paint Market Outlook
  • 7.1. Market Size By Value
  • 7.2. Market Size By Volume
  • 7.3. Market Share By Product Type
  • 8. India Industrial Paint Market Outlook
  • 8.1. Market Size By Value
  • 8.2. Market Size By Volume
  • 8.3. Market Share By Product Type
  • 9. Company Profile
  • 9.1. Asian Paints Ltd.
  • 9.2. Berger Paints India Limited
  • 9.3. Akzo Nobel India Limited
  • 9.4. Kansai Nerolac Paint Ltd.
  • 9.5. Pidilite Industries Limited
  • 10. Disclaimer

List of Table

Table 1: India Tier-wise Classification Of Cities
Table 2: India Region-wise Classification Of Cities
Table 3: India Paint Market Size By Volume (in INR Crore)
Table 4: India Paint Market Share and Forecast By Organized Vs. Unorganized (2016-17, 2021-22 & 2027-28F)
Table 5: India Paint Market Share By Company (2021-22)
Table 6: India Paint Market Share and Forecast By Category (2016-17, 2021-22 & 2027-28F)
Table 7: India Organized Paint Market Size By Value (in INR Crore)
Table 8: India Organized Paint Market Size By Volume (in INR Crore)
Table 9: India Unorganized Paint Market Size By Value (in INR Crore)
Table 10: India Unorganized Paint Market Size By Volume (in INR Crore)
Table 11: India Decorative Market Size By Value (in INR Crore)
Table 12: India Decorative Paint Market Size By Value (in INR Crore)
Table 13: India Decorative Market Share By Product Type (2016-17, 2021-22 & 2027-28F)
Table 14: India Industrial Paint Market Size By Value (in INR Crore)
Table 15: India Industrial Paint Market Size By Value (in INR Crore)
Table 16: India Industrial Market Share By Product Type (2016-17, 2021-22 & 2027-28F)

List of Figure

Figure 1: India Population 2017-2021 (In Crore)
Figure 2: India Population Age Structure (EST. 2019)
Figure 3: India Urban VS Rural (Crore)
Figure 4: India Paint Market Size By Value (2016-17, 2021-22 & 2027-28F) (in INR Crore)

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India Paint Market Overview, 2022-28

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