Published on June 1, 2015

The Indian paint market is predictable to nurture at 1.5 times to 2 times GDP in the next five years. With GDP growth predictable to be between 5-6% levels, the top players are expected to reach above industry growth rates in the future, considering they have a strong brand and good reach. 

The Indian paint industry market size is estimated at around Rs 290 billion. Industry players expect close to 12% growth in business volume and 10-12% rise in sales at the end of this fiscal. 

Decorative paints segment is expected to witness higher growth in near term. The fiscal incentives given by the government to the housing sector have immensely benefited the housing sector. This will benefit key players of paint sector in the long term. 

Although the demand for industrial paints is lukewarm it is expected to increase in upcoming time, on account of increasing investments in infrastructure.

Domestic and global auto majors have long term plans for the Indian market, which promise well for automotive paint manufacturers. Increased industrial paint demand, especially powder coatings and high performance coatings will also boost topline expansion of paint majors in the medium term.