Published on May 23, 2016

Indian paint industry has grown and caught the attention of many international players. With the increase in the disposable income, industry players are anticipating positive growth in near term.

The market size of the paint industry in India is estimated at around Rs 350 billion.

Industry players are expecting that till the end of 2016 paint industry will reach to close to 12% growth in business volume and 10-12% climb in sales. Some industry players have said that with the growth of paint industry, the market for raw material is also escalating in India.

Many players in the coatings industry are responding to the challenges and opportunities presented in 2015 are to develop new innovations and technologies that afford coatings with increased functionality.
Presently industry players are working on the innovative products to attract the customers which will enhance the growth opportunity for the industry in near term outlook.