Market Research Report
India Paint Market By Product Type, By Technology, By End User, By Resin, By Sales Channel, By Region, Forecast & Opportunities, 2025
|Published by||TechSci Research||Product code||935766|
|Published||Content info||113 Pages
Delivery time: Inquiry
|India Paint Market By Product Type, By Technology, By End User, By Resin, By Sales Channel, By Region, Forecast & Opportunities, 2025|
|Published: May 1, 2020||Content info: 113 Pages||
India paint market is expected to grow at robust CAGR during the forecast period. Paint market in India has moved forward from the predominant decorative paints market to a more diversified market with seasonal fluctuations. Additionally, adoption of latest technologies and innovative products has led to the rapid growth of this market in the country. The market players are now coming up with products like friendly, odour free, and dust & water-resistant paints. This is anticipated to fuel the market until 2025. However, along with growth factors, paint market in India also faces challenges such as seasonal demand and competition from unorganized players. Also, the prices of paints are very much dependent on raw materials and any fluctuations in the price of raw materials might hamper the profit margins of the organized players in the market.
India paint market is segmented based on product type, technology, end user, resin, sales channel, region and company. Based on product type, the market can be segmented into decorative paint and industrial paint. Decorative market is mainly divided into emulsion & enamel paints, distemper, primer and thinner and ancillary products. Decorative paint accounted for over two-third share of the market in 2019 as demand for decorative paints largely depends on the housing sector and monsoon season, while industrial paint demand is linked to end user industries like automotive, engineering and consumer durables.
Based on end user, the market can be bifurcated into infrastructural, general metals, automotive, appliances, electronics, furniture, retail, medical and others. Additionally, government's focus on infrastructure development projects is anticipated to fuel the industrial coatings demand in the country.
Major players operating in the India paint market include Asian Paints Ltd, Berger Paints India Limited, Akzo Nobel India Ltd, Kansai Nerolac Paints Limited, Shalimar Paints, Jotun India Pvt. Ltd, Nippon Paint Holding Co. Ltd, Sheenlac Paints Ltd, Snowcem Paints, Weilburger and others. The companies are now developing innovative products in order to stay competitive in the market.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2025
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of India paint market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, India paint market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in India paint market.
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: