Five facts about the Indian coatings market
India not only has a fascinating culture, the country also offers a dynamic economy and a growing rate of industrialisation. This is also noticeable in the Indian coatings market which is growing steadily at a high pace. At the moment, the market is still operating at a lower level of development compared to most Western countries. One example, is the quite small roll of industrial coatings in India compared to the decorative coatings market. However, this is predicted to change.
Volume of the Indian coatings market
The Indian coatings market has a volume of approximately 5.3 billion EUR with a volume of 3.6 million tons of paint.
Share industrial vs.decorative coatings
On a global level the share of decorative and industrial coatings is about 50:50. The Indian coatings market is still dominated by decorative paints which have a share of 80%.
Split up of Indian industrial coatings
By far the largest portion of the Indian industrial coatings production is used in the automotive sector.
Number of Indian coatings manufacturers
India is home to over 2,500 decorative coatings manufacturers. About 800 are producing industrial coatings.
Per-capita use of paint in India
The per-capita usage of paints and coatings is at 4 kg annually. There is still a lot of growth potential, in fully industrialised countries, like Germany, you have a per-capita usage around 18 kg.