The Paint and coating Sector in India
The paint and coating sector in India is booming, with its market size projected to reach $15 billion by 2029, growing at a CAGR of 9.38% from 2024 to 2029 ¹. This growth is driven by increasing demand from the infrastructure and construction sectors, rapid economic development, and urbanization in the country.
- The Indian paint and coating industry was valued at approximately ₹700 billion (around $9.5 billion USD) in 2022.
- The market is expected to grow at a Compound Annual Growth Rate (CAGR) of 12-15% from 2022 to 2027.
- By 2027, the market is projected to reach ₹1.4 trillion (around $19 billion USD)