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Written by Deepakmishra » Updated on: September 19th, 2024
India Paints and Coatings Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 8.70% (2024-2032)
The India paints and coatings market is expanding with innovations and increased demand across automotive, industrial, and residential sectors. Top of Form Bottom of Form According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 8.70% from 2024 to 2032.
The India paint and coatings industry is growing due to its expanding construction and real estate sectors. The rapid urbanization of India and the infrastructure development projects also increase demand for paints, coatings, and other products used in industrial, residential, and commercial applications.
In addition, initiatives by the government, such as the Smart Cities Mission or Housing for All, fuel this demand. The rising disposable incomes, along with the improved living standards, are driving consumers to spend more on home decor and renovations, which is boosting the decorative painting segment. The availability of many colors and finishes, along with technological advancements, are also driving the market.
India's paints and coatings industry is undergoing a major shift in favor of eco-friendly, sustainable products. Consumers and industry are also increasingly choosing low-VOC paints and water-based products that improve indoor air quality and reduce environmental impact.
Another significant growth factor is the introduction of innovations like anti-microbial coatings and heat-reflective paints. These offer functional advantages and provide additional benefits. The rise of ecommerce platforms makes it easier for consumers access paint products and brands. This is driving online sales. India's paints and coats market is expected to grow over the forecast period due to the increased adoption of high performance coatings. These coatings offer durability and are resistant to harsh environments.
The report has segmented the market into the following categories:
Breakup by Product:
Breakup by Material:
Breakup by Application:
Breakup by Region:
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
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Email: [email protected]
Tel No:(D) +91 120 433 0800
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