Over the past few years, the Indian paint market has substantially grown and
caught the attention of many international players. The country continues to
enjoy a healthy growth rate compared to other economies, backed by the
increasing level of disposable income, and demand from infrastructure,
industrial and automotive sectors. On the back of such advocacy, it is
anticipated that the sector will post a CAGR of around 15% during FY 2012 to
FY 2015, according to our new research report, “Indian Paint Industry
Forecast to 2015”.
The report segregated paint industry into two segments - Decorative and
Industrial paints. Decorative paint market were further segmented into
sub-segments, such as emulsions, enamel paints, distemper and cement paints.
The industrial paint market covers sub-segments such as automotive coating,
high performance coating, powder coating and coil coating. Our analysts
closely studied and provides market forecast till 2014-15 of each of the
segment and sub-segments. During the study, we have found that the paint
industry is dominated by decorative paints. Emulsion, which constitutes the
majority share of decorative paints, is the fastest growing segment of the
paint industry.
Presently, the growth of the Indian paint industry is being witnessed from new
demand pockets, especially in Tier-II and Tier-III cities, thus, signaling the
growing acceptance of quality products among the masses. The growing
popularity of quality paints and increasing income levels of people residing
in Tier-II and Tier-III cities have pushed the growth in premium paint market
of Indian decorative paint industry. The report further classifies decorative
paint market by product class which includes premium paints, mid-tier paints
and economy paints. It provides market forecast till 2014-15 of each of this
segment.
As with other fields, some challenges also exists in this promising sector
that can affect the growth trajectory of the paint industry, if not handled
accordingly. For instance, the industry is highly raw material-intensive and
any fluctuation in the availability of raw material leads to substantial price
fluctuation in paint production costs. Thus comprehensive analysis of raw
material paint market is also included in the report mainly focusing on its
major segments such as pigments, solvents, binders and additives. Our team
provides the overall raw material paint market as well as its segments market
forecast till 2014-15.
Further, our report provides extensive information on the emerging market
trends and drivers along with regulatory initiatives, which are collectively
uplifting the industry outlook of India. It also provides insights on paint
export and import market, along with a brief overview of the prominent
industry players to provide a balanced research outlook of the industry. The
research also foresees immense opportunities for various domestic and
international players in this segment. Overall, our report presents a
comprehensive and complete analysis of the Indian paint industry, which will
prove decisive for intending clients.
Table of Contents
1. Analyst View
2. Research Methodology
3. Macroeconomic Indicators
4. Indian Paint Industry - Overview
5. Industry Trends & Drivers
5.1. Increasing Disposable Income
5.2. Color Preference
5.3. Environment Friendly Paints
5.4. Production Capacity Expansion
6. Market Performance
6.1. By Segment
6.1.1. Decorative Paints
6.1.1.1. Emulsions
6.1.1.2. Enamel Paints
6.1.1.3. Distemper
6.1.1.4. Cement Paints
6.1.2. Industrial Paints
6.1.2.1. Automotive Coating
6.1.2.2. High Performance Coating
6.1.2.3. Powder Coating
6.1.2.4. Coil Coating
6.2. By Raw Materials
6.2.1. Pigments
6.2.2. Solvents
6.2.3. Binders
6.2.4. Additives
6.3. Decorative Paints by Product Class
6.3.1. Premium
6.3.2. Mid-Tier
6.3.3. Economy
6.4. By Organized/Unorganized Sector
7. Regulatory Environment
8. Trade Scenario
8.1. Exports
8.2. Imports
9. Key Players
9.1. Asian Paints Limited
9.2. Kansai Nerolac Paints Limited
9.3. Berger Paints India Limited
9.4. AkzoNobel India
9.5. Shalimar Paints Limited
List of Figures:
Figure 4-1: Paint Production (Million Metric Tons), FY 2010 to FY 2015
