INDIAN PAINT INDUSTRY AT A GLANCE IN 2017 - 2018Industry Overview
The Indian paint market is expected to reach Rs.70,875 crore by 2019-20 from around Rs.40,300 crore a couple of years back according to the paint industry's apex body.
Decorative Paints
The decorative paint market is expected to witness CAGR of 12.7 per cent and the industrial paint market CAGR of 9.5 per cent, according to Indian Paint Association. Decorative paint market size in the country was Rs 30,385 crore and the Industrial Paint Rs 9,915 crore , a couple of years back.
Projections for the Industry
The Indian paint market is expected to reach INR 708.7 billion ($10.90 billion) by financial year 2019-20 (April 2019- March 2020) from approximately INR 403 billion ( $6.2 billion) a couple of years back. The decorative paint market is expected to witness CAGR of 12.7 percent and the industrial paint market CAGR of 9.5 percent.
