The report titled 'India paint Market Overview, 2018-2023' provides a comprehensive analysis of the paint market in India. The report offers a complete guide to the size and share of the market at a national level. Along with historic data, it also provides the latest sales data - thus allowing you to identify the market segments driving growth. The report also identifies the leading companies and brands, along with examining competition among them. Forecasts through four years demonstrate how the market is set to change in the coming years. Bonafide Research employs comprehensive and iterative research methodologies focused on minimizing errors in order to provide the most accurate estimates and forecast possible.
India Paint Market Overview, 2018- 2023:
The Indian paint market is expected to expand at a CAGR of around 8% value wise in the next six years, starting from 2017-18 to 2022-23. The entire paint market is a combination of the organized market and unorganized market. Both are further segmented into decorative paints and industrial paints. Nowadays, use of paint in place of solvents, introduction of solar reflective coatings and eco-friendly paints are the major trends in the paint industry. With the increasing share of organised market in the paint sector and increasing penetration in the rural market, the market for paint is growing at very fast rate.
The major companies that operate in the paint market in India are Asian Paints Ltd, Berger Paints Ltd, Akzo Nobel India, Kansai Nerolac Paint Ltd, Pidilite Industries Ltd, Jenson & Nicholson India Ltd, Shalimar Paints Ltd, Snowcem Paints Pvt Ltd, British Paints India Ltd, Jotun India Pvt Ltd, Mysore Paints And Varnish Ltd, British Paints, Birla White, Gem Paints, Suraj Coats, Apollo Paints Pvt Ltd, and Advance Paints Pvt Ltd And Nippon Paints.
Considered for the Report:
Base Year: FY 2016-17
Estimated Year: FY 2017-18
Forecast Year: FY 2022-23
Objectives of the study:
o To present an Indian outlook on Paint industry.
o To analyze and forecast the market size of India Paint, in terms of value.
o To analyze and forecast the market size of India Paint, in terms of volume.
o To define, classify and forecast Paint market on the basis of segments like Organised and unorganised Paint market.
o To further define and forecast India Paint Market on the basis of Product type like Decorative paints and Industrial paints.
o To strategically profile leading players, which are operating in the Paint industry of India
Approach for the Report:
The research includes primary as well as secondary research for this study. Initially, a list of manufacturers and suppliers operating in the paint market of India were sourced through secondary sources. With the identified companies and consumers, primary research was carried out, which included conducting online surveys, competitor analysis and exhaustive personal interviews - both face to face as well as on telephone, to extract maximum information from participants like industry executives/ distributors and consumers. Primary research gave us an idea of company revenues, exports, prices, geographical presence, channel partner model, USP, etc., and also helped identify various small players who have limited presence on the web.
Bonafide Research finds secondary data from third-party sources such as published articles, company websites, magazine articles, associations, trade journals, annual reports, government's official websites, and other paid database sources. In addition, data is also mined from a host of reports in our repository, as well as a number of paid databases of the Indian government. Using both primary and secondary information, Bonafide Research calculated the market size through a bottom-up approach, where manufacturers' value sales data for different types of paint were recorded and subsequently forecasted for the future years.
Scope of the Report:
“India Paint Market Overview, 2018-2023” discusses the following aspects of Paint market in India:
- India Paint Market Outlook
- India Paint Market Size by Value & Forecast
- India Paint Market Size by Volume & Forecast
- India Paint Market Segmental Analysis: By Company, By Category, By Segment,
- India Paint Organised Market Size by Value & Forecast
- India Paint Organised Market Size by Volume & Forecast
- India Paint Unorganised Market Size by Value & Forecast
- India Paint Unorganised Market Size by Volume & Forecast
- India Paint Decorative Market Size by Value and Forecast
- India Paint Decorative Market Size by Volume and Forecast
- India Paint Decorative Market Share by Product Type
- India Paint Industrial Market Size by Value and Forecast
- India Paint Industrial Market Size by Volume and Forecast
- India Paint Industrial Market Share by Product Type
- Product Price Variant
- Key Vendors in This Market Space
This report can be useful to industry consultants, manufacturers, suppliers, associations and organizations related to the paint industry, government bodies, and other stakeholders, to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.