Paint Industry

India’s Paints & Coatings industry is witnessing significant growth, driven by increasing demand from the infrastructure and construction sectors. It is integral to the country’s construction and manufacturing sectors and is divided into decorative and industrial segments, with the former accounting for about 75% of the market. It’s experiencing robust growth fueled by economic expansion, urbanization, and increased consumer spending on home aesthetics and protection. Government initiatives like GST rate cuts and the “Housing for All” program have stimulated demand. Innovations and a shift towards eco-friendly products are shaping the industry, with a significant tilt towards water-based paints due to environmental concerns. This vibrant industry continues to evolve, driven by technological advancements and a focus on sustainability.