India Paints Market (2024-2030) | Companies, Industry, Share, Value, Growth, Forecast, Revenue, Analysis, Size, Trends & Outlook

Market Forecast By Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), By Technology (Waterborne, Solventborne, Powder), By Application (Architectural, Industrial) And Competitive Landscape
Product Code: ETC017564 Publication Date: Aug 2023 Updated Date: May 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

India Paints Market Competition 2023

India Paints market currently, in 2023, has witnessed an HHI of 796, Which has decreased slightly as compared to the HHI of 853 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

 India Paints Market Competition 2023

India Export Potential Assessment For Paints Market (Values in USD Thousand)


India Export Potential Assessment For Paints Market (Values in USD Thousand)

India Paints Market Synopsis

India is one of the largest paint markets in Asia. It has been estimated that the Indian paints industry will grow at a CAGR of 15.1% until 2026, with an increase in demand from both industrial and residential sectors. The market for decorative paints was worth Rs 64,000 crore in 2019 and is expected to reach Rs 1 lakh crore by 2021. The automotive coatings segment also witnessed strong growth over the years due to increased vehicle production in India as well as increasing preference for premium cars among consumers.

Drivers of the Market:

1) Growing construction activities: The Indian paints industry has been growing steadily due to rising infrastructure investments across the country, especially in Tier-II cities where there are large government-funded projects such as Metro rail systems and highways. This has led to an increased demand for interior and exterior wall painting services from residential as well as commercial buildings which has boosted sales of various types of paints such as emulsions, enamels, etc., used for walls & ceilings.

2) Increasing disposable incomes: With increasing per capita income levels amongst urban households coupled with changing lifestyles have resulted in higher spending on home d?cor products like furniture or wallpapers which further accelerates the demand for high quality paint products which enhances design aesthetics along with providing protection against weathering effects also knowns driving force behind this trend is emergence of new technologies like water based latex formulations which provide superior performance at lower cost than other formulations available resulting into higher affordability for end users making them switch to these product lines.

Challenges of the Market:

1) Rising raw material costs - Price hikes associated with certain key raw materials such as titanium dioxide impacts prices & profitability negatively since most manufacturers cannot pass on entire price hike onto customers leading to decline margins if economy trends are not favorable during those periods leading manufactures resorting reducing their output or limiting expansion plans while waiting out till situation normalizes again

2) Low Penetration In Rural Areas - Low penetration levels coupled with low awareness about latest technology & products available hinder its adoption rate specially within rural areas where people still prefer traditional options impacting growth potentiality even though they account majority share population wise but not contributing equally when it comes revenue .

Trends of the Market:

Increasing Digitalisation ? Use digital marketing platforms have become common place now days enabling companies target specific audience more efficiently helping them maximize returns while minimizing expenditure thus helps expanding customer base without investing much .

Key Highlights of the Report:

  • India Paints Market Outlook
  • Market Size of India Paints Market, 2023
  • Forecast of India Paints Market, 2030
  • Historical Data and Forecast of India Paints Revenues & Volume for the Period 2020-2030
  • India Paints Market Trend Evolution
  • India Paints Market Drivers and Challenges
  • India Paints Price Trends
  • India Paints Porter's Five Forces
  • India Paints Industry Life Cycle
  • Historical Data and Forecast of India Paints Market Revenues & Volume By Resin for the Period 2020-2030
  • Historical Data and Forecast of India Paints Market Revenues & Volume By Acrylic for the Period 2020-2030
  • Historical Data and Forecast of India Paints Market Revenues & Volume By Alkyd for the Period 2020-2030
  • Historical Data and Forecast of India Paints Market Revenues & Volume By Epoxy for the Period 2020-2030
  • Historical Data and Forecast of India Paints Market Revenues & Volume By Polyurethane for the Period 2020-2030
  • Historical Data and Forecast of India Paints Market Revenues & Volume By Polyester for the Period 2020-2030
  • Historical Data and Forecast of India Paints Market Revenues & Volume By Technology for the Period 2020-2030
  • Historical Data and Forecast of India Paints Market Revenues & Volume By Waterborne for the Period 2020-2030
  • Historical Data and Forecast of India Paints Market Revenues & Volume By Solventborne for the Period 2020-2030
  • Historical Data and Forecast of India Paints Market Revenues & Volume By Powder for the Period 2020-2030
  • Historical Data and Forecast of India Paints Market Revenues & Volume By Application for the Period 2020-2030
  • Historical Data and Forecast of India Paints Market Revenues & Volume By Architectural for the Period 2020-2030
  • Historical Data and Forecast of India Paints Market Revenues & Volume By Industrial for the Period 2020-2030
  • India Paints Import Export Trade Statistics
  • Market Opportunity Assessment By Resin
  • Market Opportunity Assessment By Technology
  • Market Opportunity Assessment By Application
  • India Paints Top Companies Market Share
  • India Paints Competitive Benchmarking By Technical and Operational Parameters
  • India Paints Company Profiles
  • India Paints Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Paints Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Paints Market Revenues & Volume, 2020 & 2030F

3.3 India Paints Market - Industry Life Cycle

3.4 India Paints Market - Porter's Five Forces

3.5 India Paints Market Revenues & Volume Share, By Resin, 2020 & 2030F

3.6 India Paints Market Revenues & Volume Share, By Technology, 2020 & 2030F

3.7 India Paints Market Revenues & Volume Share, By Application, 2020 & 2030F

4 India Paints Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 India Paints Market Trends

6 India Paints Market, By Types

6.1 India Paints Market, By Resin

6.1.1 Overview and Analysis

6.1.2 India Paints Market Revenues & Volume, By Resin, 2020-2030F

6.1.3 India Paints Market Revenues & Volume, By Acrylic, 2020-2030F

6.1.4 India Paints Market Revenues & Volume, By Alkyd, 2020-2030F

6.1.5 India Paints Market Revenues & Volume, By Epoxy, 2020-2030F

6.1.6 India Paints Market Revenues & Volume, By Polyurethane, 2020-2030F

6.1.7 India Paints Market Revenues & Volume, By Polyester, 2020-2030F

6.2 India Paints Market, By Technology

6.2.1 Overview and Analysis

6.2.2 India Paints Market Revenues & Volume, By Waterborne, 2020-2030F

6.2.3 India Paints Market Revenues & Volume, By Solventborne, 2020-2030F

6.2.4 India Paints Market Revenues & Volume, By Powder, 2020-2030F

6.3 India Paints Market, By Application

6.3.1 Overview and Analysis

6.3.2 India Paints Market Revenues & Volume, By Architectural, 2020-2030F

6.3.3 India Paints Market Revenues & Volume, By Industrial, 2020-2030F

7 India Paints Market Import-Export Trade Statistics

7.1 India Paints Market Export to Major Countries

7.2 India Paints Market Imports from Major Countries

8 India Paints Market Key Performance Indicators

9 India Paints Market - Opportunity Assessment

9.1 India Paints Market Opportunity Assessment, By Resin, 2020 & 2030F

9.2 India Paints Market Opportunity Assessment, By Technology, 2020 & 2030F

9.3 India Paints Market Opportunity Assessment, By Application, 2020 & 2030F

10 India Paints Market - Competitive Landscape

10.1 India Paints Market Revenue Share, By Companies, 2023

10.2 India Paints Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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