+
Fastest growing paint companies in India
Paint

Fastest growing paint companies in India

The final coat that adds the finishing touches to any project will explain why the market size for paints has been growing at 15 per cent per annum in recent years. According to one estimate, the industry is expected to grow at 1.5 - 2 times the growth in GDP of the country in the coming years.

The manufacturing of paint is highly raw material intensive and therefore the cost of production depends heavily on the supply situation in the market for raw materials. Companies use more than 300 ingredients to produce paints and around one third of them are petrobased derivatives. Since most of the raw materials are petroleum based, the industry benefits from a decline in crude oil prices. Prominent companies in the sector are Asian Paints, Kansai Nerolac Paints, Berger Paints (India), Akzo Nobel India, Shalimar Paints and Jenson & Nicholson (India).

While the organised sector comprises 70 per cent of production, the unorganised sector controls the rest. Reports suggest that there are about 2,000 units having small and medium sized paint manufacturing plants in the unorganised segment. Top organised players include Asian Paints, Kansai Nerolac, Berger Paints and ICI. The distemper segment is controlled by unorganised players.

The market for paints can be divided into two segments - decorative and industrial. Around 72 per cent of the market is cornered by decorative paints, which consists of exterior wall paints, interior wall paints, wood finishes and enamel and ancillary products such as primers, putties and the like. Asian Paints is the market leader in this segment. The demand for decorative paints arises from household painting, architectural and other display purposes.

The demand for decorative paints is not evenly distributed through the year, as a substantial demand is concentrated in the festive season (September-December). This segment is price sensitive and is a higher margin business, as compared to the industrial segment. In 2011-12, the decorative paints market is estimated to have grown by about 25 per cent in value terms and 12 per cent in volume terms.

Industrial paints cater mainly to automobile and consumer durable companies and product offerings in this segment include automotive coatings, powder coatings and protective coatings. Kansai Nerolac is the market leader in this segment. The industrial paints segment is far more technology intensive than the decorative segment.

The final coat that adds the finishing touches to any project will explain why the market size for paints has been growing at 15 per cent per annum in recent years. According to one estimate, the industry is expected to grow at 1.5 - 2 times the growth in GDP of the country in the coming years.The manufacturing of paint is highly raw material intensive and therefore the cost of production depends heavily on the supply situation in the market for raw materials. Companies use more than 300 ingredients to produce paints and around one third of them are petrobased derivatives. Since most of the raw materials are petroleum based, the industry benefits from a decline in crude oil prices. Prominent companies in the sector are Asian Paints, Kansai Nerolac Paints, Berger Paints (India), Akzo Nobel India, Shalimar Paints and Jenson & Nicholson (India).While the organised sector comprises 70 per cent of production, the unorganised sector controls the rest. Reports suggest that there are about 2,000 units having small and medium sized paint manufacturing plants in the unorganised segment. Top organised players include Asian Paints, Kansai Nerolac, Berger Paints and ICI. The distemper segment is controlled by unorganised players.The market for paints can be divided into two segments - decorative and industrial. Around 72 per cent of the market is cornered by decorative paints, which consists of exterior wall paints, interior wall paints, wood finishes and enamel and ancillary products such as primers, putties and the like. Asian Paints is the market leader in this segment. The demand for decorative paints arises from household painting, architectural and other display purposes.The demand for decorative paints is not evenly distributed through the year, as a substantial demand is concentrated in the festive season (September-December). This segment is price sensitive and is a higher margin business, as compared to the industrial segment. In 2011-12, the decorative paints market is estimated to have grown by about 25 per cent in value terms and 12 per cent in volume terms.Industrial paints cater mainly to automobile and consumer durable companies and product offerings in this segment include automotive coatings, powder coatings and protective coatings. Kansai Nerolac is the market leader in this segment. The industrial paints segment is far more technology intensive than the decorative segment.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?