FASTEST GROWING PAINT COMPANIES IN INDIA
Paint

FASTEST GROWING PAINT COMPANIES IN INDIA

The Indian paints industry has always been a vibrant space. A key reason is that it is among the few sectors in the country that has been largely dominated by organised market players for a long time. So, the few listed (organised) players have also been enjoying the fancy of investors, akin to...

The Indian paints industry has always been a vibrant space. A key reason is that it is among the few sectors in the country that has been largely dominated by organised market players for a long time. So, the few listed (organised) players have also been enjoying the fancy of investors, akin to the valuations enjoyed by most consistent FMCG players. However, the per-capita consumption in India compared to other nations is still on the lower side. With a usage of 4.10 kg per capita per annum, the country is still below the Asia-Pacific average of 4.7 per cent. The US has per-capita consumption of 15.8 kg and Singapore 15 kg. Developed Asia-Pacific nations have an average of 9.7 kg. There is a larger gap to be filled in India in terms of per-capita consumption.The Indian paints sector comprises a sizeable portion of India’s GDP. In 2021, the industry’s revenue stood at Rs.54,500 crore compared to Rs.32,400 crore in 2014 – a seven-year CAGR of 11 per cent. Considering these numbers, the sector is likely to touch revenues of Rs.97,100 crore in 2024, resulting in a CAGR of over 12 per cent. Going forward, the decorative paints market is expected to grow at a CAGR of 13 per cent while the industrial paints market is expected to grow at a CAGR of 9.9 per cent by 2024.Similarly, the volume growth story is likely to stay intact in the long term. In 2014, total volumes stood at 4.1 million metric tonne (mmt); this increased to 6.3 mmt in 2020. Further, volumes are expected to reach 9.4 mmt in 2024. The CAGR in volume growth is likely to be higher in the decorative paints segment compared to industrial paints.  Several macro factors are expected to drive the growth of the paints market, especially the reducing repainting cycle in India. Consider this: While the fresh paints market is just 22 per cent, the repainting market in the country is 78 per cent. With regard to growth factors, a decreasing repainting cycle, rapid urbanisation, smart city projects and the government focus on affordable housing will be major drivers.With the repainting cycle in India decreasing to four to five years in 2019 from the earlier levels of seven to eight years in 2010, the growth drivers based on rising demand volumes seem to be in place.

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Products

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

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Infrastructure Energy

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

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Infrastructure Energy

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation  and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India.   The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..

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