The Indian Paint Industry is worth over INR 62,000 crores (USD 8 billion), and is the fastest-growing major paint economy the world over, with a consistent double-digit growth over the last 2 decades.
It has over 3,000 paint manufacturers, with nearly all global majors present in the country.
It has a near-75% share of architectural paints and a 25% share of industrial paints.
The Indian Paint Industry boasts of various segments, from Architectural to Powder, from Automotive to Coil, from High-Performance to General Industrial, from Refinish to Wood, and from Packaging to Plastic.
The Indian paints and coatings industry is likely to grow to Rs 1 lakh crore in the next five years from the current Rs. 62,000 crores, according to Industry sources.