The India Paints and Coatings Market Report is Segmented by Technology (Water-Borne, Solvent-Borne, Powder Coatings, and Other Technologies), Resin Type (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Others), and End-User Industry (Architectural, Automotive, Wood, Protective Coatings, General Industrial, Transportation, and Packaging). The Market Forecasts are Provided in Terms of Value (USD).

India Paints and Coatings Market size is valued at around USD 13.5 billion in 2025 and is projected to reach USD 22.19 billion by 2032 at 8.4% CAGR during 2026-32.

India Paints and Coatings Market Size Was Worth USD 14.41 Billion in 2023 and Is Expected To Reach USD 32.71 Billion by 2032, CAGR of 9%.

India's automotive paints and coatings market is segmented by resin type (acrylic, polyurethane, epoxy, and other resin types), technology (water-borne, solvent-borne, powder, and other technologies), layer (e-coat, primer, base coat, clear coat), and application (automotive OEM and automotive refinish). The report offers sizes and forecasts for all the above segments in terms of revenue (USD million).

The India paints and coatings market was valued at USD 9.37 Billion in 2024. The industry is expected to grow at a CAGR of 9.10% during the forecast period of 2025-2034 to attain a valuation of USD 22.39 Billion by 2034.

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Paints And Coatings Market Size 2025-2029

The paints and coatings market size is valued to increase USD 42.05 billion, at a CAGR of 4.3% from 2024 to 2029. Growing real estate and construction industry will drive the paints and coatings market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 52% growth during the forecast period.
By Technology - Water-based segment was valued at USD 76.13 billion in 2023
By Resin Type - Acrylic resins segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 37.77 billion
Market Future Opportunities: USD 42.05 billion
CAGR from 2024 to 2029 : 4.3%

Market Summary

The market encompasses the production, sale, and application of various types of paints, coatings, and related products. This dynamic market is driven by several key factors, including the expanding real estate and construction industry, which accounts for a significant portion of demand. Another major trend is the increasing adoption of UV-curable coatings, offering advantages such as faster drying times and improved durability. However, regulations on high emissions of volatile organic compounds (VOC) pose challenges to market growth. According to a recent study, the UV-curable coatings segment is projected to expand at a steady rate, accounting for over 20% of the overall market share by 2025. This underscores the continuous evolution of the market, as technological advancements and regulatory requirements shape its future trajectory.

What will be the Size of the Paints And Coatings Market during the forecast period?

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How is the Paints And Coatings Market Segmented ?

The paints and coatings industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TechnologyWater-basedSolvent-basedOthersResin TypeAcrylic resinsEpoxy resinsPolyurethane resinsAlkyd resinsOthersEnd-user IndustryArchitecturalAutomotiveWoodProtective CoatingsGeneral IndustrialTransportationPackaging CoatingsProductRadiation Cured CoatingsPowder CoatingsWaterborne CoatingsSolvent-Borne CoatingsGeographyNorth AmericaUSCanadaEuropeFranceGermanyUKAPACAustraliaChinaIndiaJapanSouth AmericaBrazilRest of World (ROW)

By Technology Insights

The water-based segment is estimated to witness significant growth during the forecast period.

Water-based paints and coatings constitute a significant segment of the global coatings market, driven by their eco-friendly properties and increasing demand for low volatile organic compound (VOC) products. Currently, approximately 40% of the global coatings market is dominated by water-based paints and coatings. In terms of applications, industrial sectors such as automotive and architecture account for over 60% of the market share. Moreover, advancements in technology have led to the emergence of various types of water-based coatings, including high-performance coatings, powder coatings, and UV curing coatings. For instance, high-performance coatings offer enhanced durability and resistance to chemicals and weathering. Powder coatings provide superior coating thickness and are widely used in the automotive industry for their ability to produce a smooth and uniform finish. UV curing coatings, on the other hand, offer faster curing times and lower energy consumption. Furthermore, technological advancements in coating application methods, such as electrostatic coating and airless spray painting, have facilitated the efficient and cost-effective production of water-based paints and coatings. Additionally, surface preparation techniques, like pigment dispersion and crosslinking reactions, have led to improved coating adhesion and durability. Looking ahead, the market for water-based paints and coatings is expected to grow at a steady pace, with an estimated 35% of the total coatings demand coming from this segment by 2025. Factors contributing to this growth include increasing environmental regulations, advancements in technology, and the expanding applications of water-based coatings in various industries. In terms of specific applications, the automotive industry is projected to remain the largest consumer of water-based coatings, with a market size of around USD35 billion by 2025. Similarly, the architecture sector is expected to grow at a CAGR of over 5% during the forecast period, driven by the increasing demand for energy-efficient and eco-friendly coatings. In conclusion, the water-based the market is a dynamic and evolving industry, driven by technological advancements, regulatory pressures, and growing demand for eco-friendly and high-performance coatings. With a focus on innovation and

The India Industrial Coatings Market Report is Segmented by Resin Type (Epoxy, Polyurethane, Acrylic, Polyester, and Other Resins (Alkyd and More)), Technology (Water-Borne, Solvent-Borne, Powder Coatings, and Other Technologies (UV-/EB-Cured and More)), and End-User Industry (General Industrial and Protective Coatings (Oil and Gas, Power Generation, and More)). The Market Forecasts are Provided in Terms of Value (USD).

The India Architectural Coatings Market Report is Segmented by Resin Type (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Other Resin Types), Technology (Water-Borne and Solvent-Borne), and End-User (Residential and Commercial). The Market Forecasts are Provided in Terms of Value (USD).

The paints and coatings market size USD 179.98 Billion in 2024. The market is expected to grow at a CAGR of 4.00% during the forecast period of 2025-2034. By 2034, the market is expected to reach USD 266.41 Billion.

Rapid urbanization in emerging economies is driving significant construction activity, adding to the paints and coatings industry revenue. According to the United Nations Population Fund, India’s urban population is estimated to rise to about 5 billion. This growth boosts demand for architectural coatings used in residential, commercial, and infrastructure projects. Increasing investments in smart cities, highways, and airports also stimulate demand for protective and industrial coatings. Government initiatives promoting affordable housing and urban renewal programs further fuel paint consumption.

The influx of advanced coating technologies is driving the growth of the paints and coatings market by enhancing performance, sustainability, and application efficiency. New technologies are meeting rising industry demands for smarter, greener, and more durable solutions. In May 2025, AkzoNobel launched a new water based “sunscreen” coating system in China, combining a radiative-topcoat and aerogel mid-coat to cut building surface temperatures by up to 10% passively. These innovations unlock new applications in electronics, automotive, and infrastructure, broadening market scope and boosting competitiveness across regions.

The global epoxy paint market size is estimated to reach USD 38754 million in 2024. The industry is anticipated to rise at a CAGR of 5% in the assessment period 2024 to 2034. The sector is projected to attain a value of USD 63126.2 million by 2034.

Country-wise Insights

Category-wise Insights

India Automotive Paints and Coatings Market is estimated to grow at a CAGR of around 8.2% during the forecast period 2024-30. The increasing demand for automotive refinishing products would be a potential opportunity for the market through 2030.

The India paints and coatings market, valued at ₹9.56 billion in 2025, is poised for robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 9.38% from 2025 to 2033. This expansion is fueled by several key drivers. The burgeoning construction sector, particularly in residential and infrastructure development, significantly boosts demand for architectural coatings. Simultaneously, the burgeoning automotive industry and growth in the transportation sector contribute to the demand for automotive and protective coatings. Increasing consumer awareness of aesthetics and durability is driving demand for premium and specialized coatings. Government initiatives promoting infrastructure development and affordable housing further accelerate market growth. Technological advancements in water-borne and eco-friendly coatings align with global sustainability goals, shaping market trends. However, fluctuating raw material prices and stringent environmental regulations present challenges to market expansion. The market is segmented by technology (water-borne, solvent-borne, powder, radiation-cured), resin type (acrylic, alkyd, polyurethane, epoxy, polyester, others), and end-user industry (architectural, automotive, wood, protective, general industrial, transportation, packaging). Major players like Akzo Nobel, Asian Paints, Berger Paints, and Kansai Nerolac Paints compete fiercely, shaping market dynamics through innovation and strategic partnerships. The forecast period (2025-2033) anticipates a considerable market expansion driven by sustained infrastructure development and rising disposable incomes. The increasing preference for aesthetically pleasing and durable coatings in both residential and commercial projects will further fuel growth. While challenges remain, including price volatility and regulatory hurdles, the overall outlook remains optimistic, projecting a substantial market value by 2033. The competitive landscape will continue to witness intense competition amongst established players and new entrants, potentially leading to increased product differentiation and market consolidation. The continued focus on sustainable and eco-friendly coatings will be crucial for market success. Analyzing segment-specific growth rates is essential for businesses aiming to capture market share within the vibrant Indian paints and coatings industry. Recent developments include: Dec 2023: AkzoNobel collaborated with coatingAI to develop software to improve the paint application process and reduce carbon footprint. This technology is called Flightpath. This technology uses equipment settings to reduce defects and overspray. It also improves powder consumption, thereby reducing costs, avoiding rework, and saving time and energy., Oct 2022: Asian Paints announced that it would invest INR 2,650 crore (~USD 324.20 million) in order to set up a production facility for vinyl acetate plant monomer in India. The company will benefit from this investment in the area of backward integration.. Key drivers for this market are: Growing Construction Industry in the Country, Recovery of The Automotive Industry. Potential restraints include: Growing Construction Industry in the Country, Recovery of The Automotive Industry. Notable trends are: Architectural Industry to Dominate the Market.

The Indian paint and varnish market fell to $7.3B in 2024, shrinking by -8.1% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Paint and varnish consumption peaked at $17.4B in 2017; however, from 2018 to 2024, consumption failed to regain momentum.

The size of the India Architectural Coatings Market market was valued at USD XX Million in 2024 and is projected to reach USD XXX Million by 2033, with an expected CAGR of 4.00">> 4.00% during the forecast period. Recent developments include: August 2022: Asian Paints signed a Memorandum of Understanding (MoU) with the Gujarat government to kickstart the expansion of the manufacturing capacity of paints from 130,000 KL to 250,000 KL and of resins and emulsions from 32,000 MT to 85,000 MT.March 2022: Berger Paints partners with o9 solutions to gain end-to-end visibility into its supply chain operations.November 2021: Asian Paints has signed a Memorandum of Understanding (MoU) with the Gujarat Government to kickstart the expansion of manufacturing capacity of paint from 130,000 KL to 250,000 KL and resins and emulsions to 32,000 MT to 85,000 MT.. Key drivers for this market are: , Growing Consumption of Cosmetic Products; Other Drivers. Potential restraints include: , Impact of COVID-19 Outbreak; Other Restraints. Notable trends are: Residential is the largest segment by Sub End User..

The global paints and coatings market size is projected to grow from USD 290.28 billion in 2025 to USD 385.01 billion by 2033, exhibiting a CAGR of 4.5%.
Report Scope:

The Asia-Pacific paints and coatings market, valued at $77.35 billion in 2025, is projected to experience robust growth, exceeding a 5% CAGR from 2025 to 2033. This expansion is fueled by several key drivers. Firstly, rapid urbanization and infrastructure development across the region, particularly in countries like India, China, and Indonesia, are significantly boosting demand for architectural and protective coatings. Secondly, the burgeoning automotive and transportation sectors are contributing to increased consumption of specialized paints and coatings. Thirdly, a rising focus on aesthetically pleasing and durable finishes in both residential and commercial spaces is driving preference for high-quality coatings. The market is segmented by technology (water-borne, solvent-borne, powder, UV/EB, high-solids), resin type (acrylic, alkyd, polyurethane, epoxy, polyester, phenolic, ketonic), and end-user industry (architectural, automotive, wood, protective, general industrial, transportation, packaging). Competitive dynamics are shaped by a mix of multinational giants like Akzo Nobel, PPG Industries, and Sherwin-Williams, alongside prominent regional players like Asian Paints and Nippon Paint. While growth is promising, challenges remain, including fluctuating raw material prices and stringent environmental regulations that necessitate the adoption of more sustainable coating technologies. The shift towards eco-friendly, low-VOC (Volatile Organic Compound) coatings is a notable trend gaining momentum. The regional distribution of market share within Asia-Pacific likely shows China and India dominating due to their vast populations and construction activities. Japan, South Korea, and other Southeast Asian nations also contribute significantly, driven by their own industrial growth and infrastructure investments. Future market growth will be significantly influenced by the rate of economic expansion in each nation, government policies promoting sustainable construction and manufacturing practices, and innovations in coating technologies that enhance durability, aesthetics, and environmental compatibility. The forecast period (2025-2033) will likely see a continued preference for water-borne and powder coatings due to their environmentally friendly properties and increasing regulatory pressure to reduce VOC emissions. The competitive landscape will likely see continued consolidation and strategic partnerships as companies strive for market share and expand their product portfolios to cater to specific regional needs. Recent developments include: January 2023: Asian Paints announced its plans to construct a new water-based paint manufacturing facility in Madhya Pradesh, India, with a capacity of 400,000 kL per annum and an approximate investment of INR 2,000 crore (~USD 240.6 million).March 2023: Berger Paints India Limited invested around INR 1,000 crore (~USD 121.7 million) to construct a new paint manufacturing facility in Uttar Pradesh, India. The new plant has a total installed capacity of 33,000 kL/MT per month, consisting of 15,000 kL/MT of water-based paint and 4,800 kL/MT of solvent-based paint.. Key drivers for this market are: Accelerating Growth of the Construction Industry, Increasing Demand for Protective Coatings in Malaysia; Other Drivers. Potential restraints include: Accelerating Growth of the Construction Industry, Increasing Demand for Protective Coatings in Malaysia; Other Drivers. Notable trends are: Increasing Usage of Paints and Coatings in the Construction Industry Set to Drive the Market.

The global paint additive market size is expected to reach USD 10096.6 million in 2024. The sector is estimated to grow at a CAGR of 4.6% during the forecast period. The sector is projected to attain a value of USD 15840.4 million by 2034.

Country-wise Insights

Category-wise Insights

Asian Paints was the leading paint company in India based on net sales worth over *** billion Indian rupees as of May 2025. The company was followed by Berger Paints, which ranked in second place with net sales of roughly ** billion Indian rupees. Kansai Nerolac Paints was the third company in the ranking with net sales of around ** billion Indian rupees.

The Paints And Coatings Additives Market report segments the industry into Type (Biocides, Dispersants And Wetting Agents, Defoamers And Deaerators, Rheology Modifiers, Surface Modifiers, Stabilizers, Flow And Leveling Additives, Other Types), Application (Architectural Paints And Coatings, Wood Paints And Coatings, Transportation Paints And Coatings, and more), and Geography (Asia-Pacific, North America, Europe, and more).

The semi-gloss paint market is experiencing robust growth, projected to reach a market size of $15 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth is driven by several key factors. The increasing popularity of semi-gloss paint in residential and commercial applications, owing to its durability, easy cleanability, and attractive sheen, is a significant driver. Furthermore, the expanding construction and renovation sectors in developing economies are fueling demand. Trends such as the rising preference for eco-friendly and low-VOC paints are also shaping the market landscape. While price fluctuations in raw materials pose a challenge, ongoing innovation in paint technology and the introduction of new, high-performance semi-gloss paints are mitigating this constraint. The market is segmented by paint volume (1 quart, 1 gallon, 5 gallon, other) and application (wall, cupboard, door, other), with the 1-gallon size and wall application segments currently dominating market share. Major players like Rustoleum, Dulux, Benjamin Moore, Behr, and PPG Paints are fiercely competitive, focusing on product innovation and expanding their distribution networks to maintain their market positions. The regional distribution of the semi-gloss paint market shows significant variations. North America and Europe currently hold the largest market shares, driven by high construction activity and consumer spending on home improvement. However, rapidly developing economies in Asia-Pacific, particularly China and India, are witnessing substantial growth in demand, presenting lucrative opportunities for paint manufacturers. The ongoing urbanization and rising disposable incomes in these regions are key factors contributing to this trend. The competitive landscape is expected to remain intense, with both established players and new entrants vying for market share through strategic alliances, product diversification, and aggressive marketing initiatives. The market is poised for continued growth, driven by the aforementioned factors and supported by increasing awareness of the aesthetic and protective benefits of semi-gloss paint. This comprehensive report provides an in-depth analysis of the global semi-gloss paint market, projected to be worth approximately $5 billion by 2025. We analyze market dynamics, key players, and future trends, offering actionable insights for manufacturers, investors, and industry stakeholders. This report leverages extensive primary and secondary research, incorporating data from leading players like Rustoleum, Dulux, Benjamin Moore, Behr, and PPG Paints, among others. Our analysis covers key market segments including paint type, application, and geographic region, providing a granular understanding of this dynamic market. Keywords: semi-gloss paint, paint market analysis, paint industry trends, paint market size, paint manufacturers, interior paint, exterior paint, DIY paint, commercial paint, paint application, paint types.