India paints & coatings market is projected to grow at a CAGR of 11.4% during 2018-2023, predominantly on account of growing investments in infrastructure and real estate construction projects. Moreover, demand for paints & coatings is likely to further increase in the coming years due to rising number of households, increasing purchasing power, and growing production and sales of automobiles in the country. Under the Government of India Smart Cities Mission, several existing cities and mostly smaller cities and towns are witnessing a boom in housing projects, hospitals and office spaces, thereby propelling demand for paints & coatings in the country.

 

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019-2023

Objective of the Study:

  • To analyze and forecast India paints & coatings market size.
  • To classify and forecast India paints & coatings market based on resin type, technology, application, sales channel, region and company.
  • To identify drivers and challenges in India paints & coatings market.
  • To identify market trends and developments in India paints & coatings market.
  • To evaluate the average selling price for types of paints & coatings in India.
  • To identify and analyze the profiles of leading players operating in paints & coatings market in India.

 

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Some of the major players operating in India paints & coatings market are Asian Paints Ltd, Berger Paints India Limited, Kansai Nerolac Paints Limited, Akzo Nobel India Ltd., Shalimar Paints Limited, BASF India Ltd., Sheenlac Paints Ltd., Jotun India Pvt. Ltd., Jenson & Nicholson Paints Pvt Ltd, and Snowcem Paints, among others. 

In order to perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of manufacturers and suppliers of paints & coatings operating in the country. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research was able to include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels, and regional presence of all major manufacturers and suppliers of paints & coatings in the country.

 
TechSci Research calculated India paints & coatings market size using a bottom-up technique, wherein manufacturers’ value sales data for different applications was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as OICA, SIAM, ACAM, IPA, World Bank, AAI, company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.

 
 Key Target Audience:

  • Paints & coatings manufacturers, distributors and other stakeholders
  • Associations, organizations, forums and alliances related to paints & coatings market
  • Government bodies such as regulating authorities and policymakers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, distributors and dealers, customers and policy makers of paints & coatings. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, India paints & coatings market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  •          Market, by Resin Type:

o    Acrylic

o    Alkyd

o    Epoxy

o    Polyurethane

o    Polyester

  •          Market, by Technology:

o    Water-Based

o    Solvent-Based

o    High Solids

o    Powder Coatings

  •         Market, by Application:

o    Decorative

o    Non-Decorative

  •         Market, by Sales Channel:

o    Direct

o    Indirect

  •          Market, by Region:

o    North

o    West

o    South

o    East

Competitive Landscape

 Competitive Benchmarking: Benchmarking of leading players on the basis of product type offered.

Company Profiles: Detailed analysis of the major companies operating in India paints & coatings market.

 

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.       Product Overview

2.       Research Methodology

3.       Executive Summary

4.       Voice of Customer

4.1.    Brand Awareness Level

4.2.    Factors Affecting Purchase Decisions

4.3.    Willingness to Switch Brands

4.4.    Challenges & Unmet Needs

5.       India Paints & Coatings Market Outlook

5.1.    Demand Supply Analysis

5.2.    Market Size & Forecast

5.2.1.By Value

5.2.2.By Volume

5.3.    Market Share & Forecast

5.3.1.By Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane and Polyester)

5.3.2.By Technology (Water-Based Technology, Solvent-Based Technology, High Solids and Powder Coatings)

5.3.3.By Application (Decorative Vs. Non-Decorative)

5.3.4.By Sales Channel (Direct Vs. Indirect)

5.3.5.By Region (North India, West India, South India and East India)

5.3.6.By Company

5.4.    Market Attractiveness Index

5.4.1.By Resin Type

5.4.2.By Technology

5.4.3.By Application

5.4.4.By Region

6.       India Paints & Coatings Market Segmental Analysis

6.1.    India Decorative Paints & Coatings Market Outlook

6.1.1.Market Size & Forecast

6.1.1.1.   By Value

6.1.1.2.   By Volume

6.1.2.Market Share & Forecast

6.1.2.1.   By Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane and Polyester)

6.1.2.2.   By Technology (Water-Based Technology, Solvent-Based Technology, High Solids and Powder Coating)

6.1.2.3.   By Region (North India, West India, South India and East India)

6.1.2.4.   By Company

6.2.    India Non-Decorative Paints & Coatings Market Outlook

6.2.1.Market Size & Forecast

6.2.1.1.   By Value

6.2.1.2.   By Volume

6.2.2.Market Share & Forecast

6.2.2.1.   By Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane and Polyester)

6.2.2.2.   By Technology (Water-Based Technology, Solvent-Based Technology, High Solids and Powder Coating)

6.2.2.3.   By Region (North India, West India, South India and East India)

6.2.2.4.   By Company

7.       Market Dynamics

7.1.    Drivers

7.2.    Challenges

7.3.    Impact Analysis              

8.       Market Trends & Developments

9.       Policy & Regulatory Landscape

10.   Trade Dynamics

10.1.  Imports

10.2.  Exports

10.3.  Trade Balance

11.   Value Chain Analysis

12.   Pricing Analysis

13.   Raw Material Analysis

14.   List of Major Distributors

15.   India Economic Profile

16.   Competitive Landscape

16.1.  Competitive Benchmarking

16.2.  Company Profiles

16.2.1.    Asian Paints Ltd

16.2.2.    Kansai Nerolac Paints Limited

16.2.3.    Berger Paints India Limited

16.2.4.    Akzo Nobel India Ltd.

16.2.5.    Shalimar Paints Limited

16.2.6.    BASF India Ltd.

16.2.7.    Sheenlac Paints Ltd.

16.2.8.    Jotun India Pvt. Ltd.

16.2.9.    Jenson & Nicholson Paints Pvt Ltd

16.2.10.     Snowcem Paints

17.   Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

  • List of Figures

     

    Figure 1: India Paints & Coatings Market Total Demand, By Volume, 2013-2023F (Million Metric Tonnes)

    Figure 2: India Paints & Coatings Market Total Supply, By Volume, 2013-2023F (Million Metric Tonnes) 

    Figure 3: India Paints & Coatings Market Size, By Value, 2013-2023F (USD Billion)

    Figure 4: India Paints & Coatings Market Total Supply, By Volume, 2013-2023F (Million Metric Tonnes)

    Figure 5: Housing Shortage in Urban and Rural India, 2010, 2014 & 2015 (Million Units)

    Figure 6: India Paints & Coatings Market Share, By Resin Type, By Value, 2013-2023F

    Figure 7: India Paints & Coatings Market Share, By Technology, By Value, 2013-2023F

    Figure 8: India Paints & Coatings Market Share, By Application, By Value 2017 & 2023F

    Figure 9: India Paints & Coatings Market Share, By Sales Channel, By Value, 2017 & 2023F

    Figure 10: India Paints & Coatings Market Share, By Region, By Value, 2017 & 2023F

    Figure 11: Mall Share in Tier-I Cities of India, By Region, 2017 (%)

    Figure 12: City-Wise Demand for Commercial Space in India, 2017 (Million Square Foot)

    Figure 13: India Paints & Coatings Market Share, By Company, By Value, 2017 & 2023F

    Figure 14: India Paints & Coatings Market Attractiveness Index, By Resin Type, By Value, 2018E-2023F

    Figure 15: India Paints & Coatings Market Attractiveness Index, By Technology, By Value, 2018E-2023F

    Figure 16: India Paints & Coatings Market Attractiveness Index, By Application, By Value, 2018E-2023F

    Figure 17: India Paints & Coatings Market Attractiveness Index, By Region, By Value, 2018-2023F

    Figure 18: India Decorative Paints & Coatings Market Size, By Value, 2013-2023F (USD Billion)

    Figure 19: India Decorative Paints & Coatings Market Size, By Volume, 2013-2023F (Million Tons)

    Figure 20: India Decorative Paints & Coatings Market Share, By Resin Type, By Value, 2013-2023F

    Figure 21: India Decorative Paints & Coatings Market Share, By Technology, By Value, 2013-2023F

    Figure 22: India Office Completions in Major Cities, 2017 (Million Square Feet)

    Figure 23: India Cumulative FDI Inflows to Construction Sector, 2013-2017 (USD Billion)

    Figure 24: India Decorative Paints & Coatings Market Share, By Region, By Value, 2017 & 2023F

    Figure 25: India House Price and Household Income Ratio, 2010 & 2017

    Figure 26: India Residential Unit Launch and Sales in Various Top Cities, 2017 (Units)

    Figure 27: India Decorative Paints & Coatings Market Share, By Company, By Value, 2017 & 2023F

    Figure 28: India Non-Decorative Paints & Coatings Market Size, By Value, 2013-2023F (USD Billion)

    Figure 29: India Non-Decorative Paints & Coatings Market Size, By Volume, 2013-2023F (Million Tons) 

    Figure 30: India Automobile Manufacturers Gross Turnover, 2013-2016 (USD Million)

    Figure 31: India Automotive Industry Composition Share, By Vehicle Type, By Value, 2017-2018 (%)

    Figure 32: India Two-Wheelers & Three-Wheelers Production, 2013-2017 (‘000 Units)

    Figure 33: India Non-Decorative Paints & Coatings Market Share, By Resin Type, By Value, 2013-2023F

    Figure 34: India Total Automobile Production, By Volume, 2012-2017 (Million Units)

    Figure 35: India Automotive Component Industry Turnover, 2013-2016 (USD Billion)

    Figure 36: India Passenger and Commercial Vehicle Production, 2013-2017 (Units)

    Figure 37: India Non-Decorative Paints & Coatings Market Share, By Technology, By Value, 2013-2023F

    Figure 38: India Non-Decorative Paints & Coatings Market Share, By Region, By Value, 2017 & 2023F

    Figure 39: India Number of Aircraft Movements, 2015-2016 (Million Units)

    Figure 40: India Automotive Component Exports, By Region, 2015-2016 (USD Billion)

    Figure 41: India Number of Air Passengers, 2015-2016 (Million Units)

    Figure 42: India Freight Traffic, 2015-2016 (Million Metric Tonnes)

    Figure 43: India Non-Decorative Paints & Coatings Market Share, By Company, By Value, 2017 & 2023F

    Figure 44: India Gross National Income, 2012-2016 (USD Trillion)

    Figure 45: India Middle Income, 2012-2016 (USD Trillion)

    Figure 46: Crude Oil (Brent) Prices, 2010-2016 (USD/Barrel)

    Figure 47: India Paints & Coatings Market Imports, By Value, 2013-2017, HS Code-3209 (USD Million)

    Figure 48: India Paints & Coatings Market Imports, By Volume, 2013-2017, HS Code-3209 (Tons)

    Figure 49: India Paints & Coatings Market Exports, By Value, 2013-2017, HS Code-3209 (USD Million)

    Figure 50: India Paints & Coatings Market Exports, By Volume, 2013-2017, HS Code-3209 (Tons)

    Figure 51: India Paints & Coatings Average Selling Prices, By Application, 2013-2023F (USD/Ton)

    Figure 52: Paint Raw Material Composition Share, By Formulation, By Volume (%)

     

    List of Tables

     

    Table 1: Partial List of State-Wise Public Private Partnership Smart City Projects, 2017

    Table 2: Number of Cities with Metro Rail Projects in India, 2014-2018

    Table 3: Partial List of Affordable Housing Projects of Smart Cities in India, 2017-18

    Table 4: Government Policies Aiding India Real Estate Industry

    Table 5: Partial List of Total Number of Smart Cities in India, State-Wise, 2017 (Units)

    Table 6: Wastewater Discharge Standards for Paint Industry

    Table 7: India Paints & Coatings Trade Balance, 2013-2017, HS Code-382440 (USD Million)

    Table 8: India Paints & Coatings Price Point Analysis, 2017 (USD/Kg)

    Table 9: List of Raw Materials

    Table 10: List of Major Distributors