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Report Description

Report Description

Forecast Period

2026-2030

Market Size (2024)

USD 8.5 Billion

Market Size (2030)

USD 18.21 Billion

CAGR (2025-2030)

13.37%

Fastest Growing Segment

Water Based

Largest Market

West India

Market Overview

India Decorative Paints Market was valued at USD 8.5 billion in 2024 and is expected to reach USD 18.21 billion by 2030 with a CAGR of 13.37% during the forecast period. Decorative paints are a category of paints primarily used to enhance the aesthetic appearance of buildings, homes, and other surfaces. These paints are designed not only to provide color but also to offer protective features such as resistance to weathering, moisture, and dirt. They are typically applied on interior and exterior walls, furniture, and various other surfaces to add visual appeal, texture, and depth. Decorative paints are available in a wide range of finishes, including matte, gloss, satin, and eggshell, allowing for different aesthetic effects. 

The composition of decorative paints typically includes pigments, binders, solvents, and additives, which together ensure smooth application, durability, and vibrant color. Pigments are responsible for the color, while binders ensure adhesion to surfaces. Solvents control the consistency of the paint, while additives enhance properties such as drying time, flow, and leveling. Decorative paints are commonly used in both residential and commercial applications. They play an essential role in interior design, enhancing the mood of a space with various color schemes and finishes. Additionally, exterior decorative paints protect buildings from environmental elements, increasing the longevity and upkeep of structures. With growing awareness of environmental sustainability, eco-friendly decorative paints that have low levels of volatile organic compounds (VOCs) are also gaining popularity.

For instance, In the Interim Budget for 2024-25, the capital investment allocation for infrastructure has been raised by 11.1% to USD 133.86 billion, representing 3.4% of the GDP.

From April 2000 to December 2023, Foreign Direct Investment (FDI) in the construction development sector, including townships, housing, built-up infrastructure, and construction development projects, reached USD 26.54 billion. Meanwhile, the construction (infrastructure) activity sector attracted USD 33.52 billion in FDI during the same period. 

Key Market Drivers

Rising Disposable Incomes and Affordability

Another crucial factor driving the growth of the India decorative paints market is the rise in disposable incomes and the improvement in living standards among the country’s middle-class population. Over the past decade, India has seen a consistent rise in the income levels of urban and semi-urban populations. As disposable incomes grow, more consumers are investing in home improvement and renovations to enhance the aesthetic appeal and value of their properties. Homeowners are now more inclined to decorate and renovate their living spaces, which has driven the demand for decorative paints. The growing middle class is increasingly willing to spend on premium paint products for both interior and exterior applications. Additionally, rising affluence has led to an increased interest in premium paints that offer superior finishes, durability, and longer-lasting protection. Brands catering to this segment have innovated to provide high-end solutions with a range of finishes such as matte, satin, and gloss, appealing to the evolving tastes of Indian consumers. 

The affordability of decorative paints, particularly due to competitive pricing and availability of a wide range of budget-friendly options, further contributes to their widespread use. With the advent of online retail and easily accessible distribution networks, consumers are able to purchase these products conveniently, leading to greater market penetration. As more people move into newly built homes or refurbish older properties, the market for decorative paints continues to expand, contributing significantly to the industry’s growth. The average disposable income in urban areas is significantly higher than in rural areas, reflecting greater employment opportunities, access to higher-paying jobs, and more disposable cash for consumption. For instance, urban Indians' disposable income in cities like Mumbai, Delhi, and Bangalore can be as high as USD 2,500-USD 6,500 per annum for middle-income households. Rural Disposable Income: In contrast, rural disposable income tends to be around USD600- USD 1,200) annually, although this gap has been slowly narrowing due to rural development and digital penetration.

Technological Advancements and Product Innovation

Technological advancements and product innovation are also key drivers of the India decorative paints market. Paint manufacturers have continuously improved paint formulations, incorporating new technologies that enhance the durability, finish, and environmental sustainability of their products. The rise of advanced paint solutions such as weather-resistant paints, anti-fungal paints, and UV-resistant coatings has catered to the evolving needs of consumers who demand long-lasting and low-maintenance products. In recent years, the market has seen a surge in the demand for eco-friendly paints with low volatile organic compounds (VOCs). As consumers become more environmentally conscious, the demand for paints that emit fewer harmful chemicals has grown. Paints with low VOC levels offer better indoor air quality and are less harmful to both the environment and human health. Leading paint companies have responded by launching a variety of eco-friendly products that meet international standards for safety and sustainability. Additionally, the development of self-cleaning paints that help maintain a clean and attractive appearance for longer durations is gaining popularity, particularly in cities with high pollution levels. These innovations help homeowners and businesses save on maintenance costs and effort, contributing to the overall growth of the decorative paints market.

The increasing availability of specialized paints with unique finishes, such as metallic paints, texture coatings, and digital prints, has also led to the expansion of the market. Consumers are now able to create personalized and creative looks in their homes, which has increased the demand for innovative decorative paint products.

Growth of the Real Estate Sector and Home Renovation Activities

The booming real estate sector and the rising trend of home renovations are significant drivers of the India decorative paints market. The real estate market in India has witnessed substantial growth over the last decade, particularly in metropolitan and tier-2 cities. This growth is fueled by various factors, including government schemes for affordable housing, tax benefits, and favorable interest rates for home loans, which have made home ownership more accessible to a wider section of the population.

The demand for residential properties continues to increase, leading to a corresponding rise in the need for decorative paints for both new construction and property upgrades. In addition, the real estate sector has been diversifying to include luxury apartments, gated communities, and commercial spaces that require high-end finishes. As a result, premium decorative paints, such as those offering advanced weatherproofing, enhanced aesthetics, and resistance to fading, have gained prominence.

Furthermore, home renovation has become increasingly popular in India. With more disposable income, homeowners are undertaking renovations to refresh the appearance of their homes or improve functionality. Paint is one of the most cost-effective ways to revitalize a space, making it a popular choice for renovation projects. The increasing popularity of DIY (do-it-yourself) home improvement activities, fueled by online tutorials and product availability, also contributes to the growing demand for decorative paints. 

The combined growth of the real estate sector and the increasing preference for home renovations is driving the decorative paints market, creating significant opportunities for growth. With the ongoing expansion of both the residential and commercial real estate sectors, the demand for decorative paints is set to remain strong in the years ahead.

 India Decorative Paints Market

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Key Market Challenges

Increasing Raw Material Prices and Supply Chain Disruptions

One of the most significant challenges facing the Indian decorative paints market is the rising cost of raw materials and the disruptions in the supply chain. The production of decorative paints relies heavily on key raw materials, including pigments, resins, solvents, and additives, many of which are imported or subject to global price fluctuations. Over the past few years, the prices of these raw materials have been increasing due to various factors, such as supply chain disruptions, inflationary pressures, and rising energy costs. This has led to a direct impact on the overall cost structure of the decorative paints industry.

The COVID-19 pandemic further exacerbated these supply chain challenges, causing delays in the procurement of raw materials and leading to shortages. These disruptions were particularly pronounced in 2020 and 2021, when global trade was significantly impacted, and logistical challenges in transporting goods across borders increased. Even as the situation improves, the ripple effects of these disruptions continue to impact the Indian market, resulting in increased production costs for paint manufacturers. Additionally, the fluctuation of crude oil prices, a major input for many of the solvents used in decorative paints, continues to affect production costs. Higher crude prices lead to higher solvent costs, which in turn increase the price of paint products. With consumers increasingly opting for cost-effective solutions due to budget constraints, manufacturers face a dilemma in balancing cost increases with competitive pricing.

These rising costs are further compounded by the growing pressure to maintain product quality. To keep up with consumer demand for high-quality, durable, and eco-friendly paints, manufacturers must source superior raw materials, which tend to be more expensive. As a result, the decorative paints market in India faces the dual challenge of rising raw material prices and disruptions in supply chains, forcing manufacturers to seek innovative solutions, such as local sourcing, improved supply chain management, and technological advancements to mitigate these challenges.

Environmental Regulations and Sustainability Pressures

The growing demand for environmentally responsible products is another challenge that the Indian decorative paints market must contend with. The Indian government, along with global environmental organizations, has been increasingly focused on reducing the environmental impact of various industries, including the paints and coatings sector. This has led to the implementation of stricter environmental regulations concerning volatile organic compounds (VOCs), hazardous chemicals, and waste management. VOCs are chemical compounds found in many traditional paints that can evaporate into the air, contributing to air pollution and health hazards. As environmental awareness rises, Indian consumers and regulatory bodies are becoming more conscious of the harmful effects of paints with high VOC content. To comply with regulations and meet consumer expectations, paint manufacturers are under pressure to develop low-VOC or VOC-free alternatives. However, formulating eco-friendly paints without compromising performance and aesthetics remains a technical challenge for manufacturers. The cost of producing such paints is also generally higher, which can affect pricing strategies, particularly in price-sensitive markets.

Sustainability also extends to the lifecycle of the products. Consumers are increasingly interested in paints that are not only low in VOCs but also made from renewable resources, recyclable materials, and those that leave minimal environmental footprints. In response, paint manufacturers are investing in research and development to create more sustainable products, including biodegradable paints and packaging that can be recycled. These innovations, however, require significant investment in R&D, production processes, and testing, which can be financially taxing, particularly for smaller players in the market. Furthermore, the disposal of leftover paints and paint containers poses another environmental challenge. Improper disposal of paints and chemicals can lead to soil and water contamination, which has become a growing concern among environmental activists and regulatory authorities. This issue has forced paint manufacturers to look for solutions to minimize waste and encourage proper disposal methods, such as take-back programs and eco-friendly packaging. However, such initiatives require investment in logistics, consumer education, and partnerships with waste management companies, adding another layer of complexity to the market.

Key Market Trends

Growing Demand for Eco-Friendly and Sustainable Paints

One of the major trends driving the growth of the India decorative paints market is the increasing demand for eco-friendly and sustainable paint products. As consumer awareness about environmental issues and health risks associated with traditional paints rises, there is a noticeable shift towards eco-conscious solutions in the construction and home improvement sectors. This trend is being driven by several factors, including stricter environmental regulations, growing concerns over indoor air quality, and the increasing preference for products with lower levels of volatile organic compounds (VOCs).

Traditional paints contain high levels of VOCs, which are harmful to both human health and the environment. VOCs contribute to air pollution and are associated with respiratory problems, headaches, and other health issues. In response to these concerns, paint manufacturers in India are focusing on the development of low-VOC, non-toxic, and water-based paints. These products offer the same aesthetic appeal and durability as conventional paints but without the harmful emissions, making them a safer choice for both consumers and the planet.

The Indian government has also introduced regulations to reduce VOC emissions, encouraging paint manufacturers to invest in more sustainable production methods and formulations. As a result, eco-friendly decorative paints are increasingly being used in both residential and commercial projects, especially in urban areas where air pollution levels are high. Additionally, with the rising popularity of green building certifications, such as LEED (Leadership in Energy and Environmental Design), builders and homeowners are opting for paints that meet the requirements of sustainable construction standards.

Increased demand for eco-friendly paints is also being driven by changing consumer preferences. Many consumers are now actively seeking out products that contribute to sustainability and have a smaller environmental footprint. This trend is particularly prominent in urban centers, where awareness of environmental issues is more widespread. The growing popularity of organic and natural interior designs, where environmental sustainability is a priority, further fuels this demand. Manufacturers are responding by introducing a range of eco-friendly products that cater to this rising trend, with innovations such as biodegradable paints, paints made from recycled materials, and paints with energy-efficient properties.

Rise of Digital and Smart Technologies in Paint Application

Another significant trend shaping the India decorative paints market is the increasing integration of digital and smart technologies in paint application. Innovations in paint formulations, tools, and techniques are making the process of applying decorative paints more efficient, precise, and user-friendly. These technological advancements are enhancing the overall customer experience and driving market growth, particularly in the residential and commercial sectors.

Digital technologies are revolutionizing the way consumers interact with paint products. For instance, many paint companies are now offering online platforms and mobile applications that allow customers to visualize different paint colors and finishes in their spaces before making a purchase decision. These tools use augmented reality (AR) to provide a realistic preview of how different colors will look in various lighting conditions, helping consumers make more informed choices. This is particularly appealing to homeowners and interior designers who want to experiment with color schemes without committing to physical samples. In addition to digital color visualization, advancements in smart technologies are improving the application of decorative paints. One example is the development of smart paint tools such as airless spray guns and robotic painting systems that offer higher efficiency and precision compared to traditional brushes and rollers. These tools ensure smooth, uniform coverage with minimal effort, reducing the time and labor involved in large-scale projects. They also help reduce paint wastage by delivering more accurate amounts of paint to the surface. Moreover, the rise of "smart" paints that can monitor and respond to environmental conditions is another trend gaining traction. These paints are formulated with advanced technologies that allow them to change color based on temperature or light exposure. For example, thermochromic paints can change color in response to temperature variations, while photochromic paints react to changes in light levels. These paints are particularly popular in applications such as children's rooms, innovative commercial spaces, and buildings that aim to demonstrate cutting-edge technologies.

The growing demand for easy-to-use, efficient painting solutions has also led to the popularity of pre-mixed and ready-to-use paint products. These products reduce the time spent on preparation and mixing, making them more convenient for both professional painters and DIY enthusiasts. Additionally, the increasing adoption of DIY culture in India is fueling demand for these ready-to-use paints, as more consumers are opting to carry out their own home improvement projects.

Segmental Insights

Type of Paint Insights

The Emulsion segment held the largest market share in 2024. In the India Decorative Paints market, the emulsion segment stands out as a dominant force, commanding a significant share due to its versatile properties and wide-ranging applications. Emulsion paints, also known as water-based paints, have gained popularity primarily for their ease of application, durability, and aesthetic appeal.

One of the key factors driving the dominance of emulsion paints is their suitability for both interior and exterior surfaces. They offer superior coverage, smooth finish, and excellent color retention, making them ideal for walls, ceilings, and facades across residential, commercial, and institutional buildings. Emulsions are preferred for their ability to provide a seamless and uniform coat, masking imperfections and enhancing the overall appearance of surfaces. Moreover, emulsion paints are valued for their environmental advantages. Compared to solvent-based paints, emulsions have lower VOC (Volatile Organic Compound) content, contributing to improved indoor air quality and reduced environmental impact. This aligns with growing consumer preferences for eco-friendly and sustainable paint solutions, driving demand for emulsion paints in both urban and rural markets.

Another significant factor bolstering the emulsion segment's dominance is the continuous innovation in product formulations. Manufacturers are investing in research and development to introduce advanced emulsion paints with enhanced features such as moisture resistance, washability, and anti-fungal properties. These innovations cater to diverse consumer needs and preferences, ensuring that emulsion paints remain a preferred choice for modern homes and commercial spaces.

Distribution and retail strategies also play a crucial role in strengthening the emulsion segment's market presence. Paint manufacturers leverage extensive distribution networks encompassing retail outlets, specialty stores, online platforms, and direct-to-consumer channels to reach a broad customer base. This omni-channel approach enhances accessibility and availability of emulsion paints across various regions and demographic segments, further solidifying its dominant position in the India Decorative Paints market.

 India Decorative Paints Market

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Regional Insights

West India held the largest market share in 2024, West India has emerged as a dominant region in the India Decorative Paints market, characterized by robust economic growth, urbanization, and a flourishing construction sector. Comprising states such as Maharashtra, Gujarat, Rajasthan, and Goa, this region exhibits a dynamic blend of residential, commercial, and industrial development, driving substantial demand for decorative paints.

One of the key factors contributing to West India's dominance is its rapid urbanization and infrastructure development. Cities like Mumbai, Pune, Ahmedabad, and Surat are witnessing extensive real estate projects, including residential complexes, commercial hubs, and hospitality sectors. These developments necessitate large quantities of decorative paints for both interior and exterior applications, fueling market growth. Additionally, West India's economic prosperity and increasing disposable incomes among its urban population are significant drivers of decorative paint consumption. Rising living standards and aspirations prompt consumers to invest in home renovation and decoration, boosting demand for aesthetically pleasing and high-quality paints.

The region's diverse climatic conditions also play a role in shaping paint preferences. From the coastal regions of Goa and Maharashtra to the arid landscapes of Rajasthan and Gujarat, varying environmental factors influence the choice of paints that offer durability, weather resistance, and aesthetic appeal suitable for local conditions.

West India serves as a hub for industrial activities, including manufacturing, textiles, and pharmaceuticals, which further stimulates demand for decorative paints in commercial and industrial applications. These sectors require paints that offer durability, ease of maintenance, and compliance with regulatory standards, contributing to the overall market expansion.

Strategically, paint manufacturers have capitalized on West India's economic vibrancy and demographic trends by expanding their production facilities, distribution networks, and marketing efforts in the region. This strategic focus enhances market penetration and ensures timely supply of decorative paints to meet growing demand from diverse consumer segments.

West India's dominance in the India Decorative Paints market is driven by urbanization, economic growth, infrastructure development, diverse climatic conditions, and robust industrial activities. As the region continues to expand and urbanize, the demand for decorative paints is expected to remain strong, presenting opportunities for manufacturers to innovate, diversify product offerings, and strengthen their market position in this thriving market landscape.

Recent Developments

  • In February 2023, the budget for the Pradhan Mantri Awas Yojana (PMAY) was raised 66% from 2022. The Urban Infrastructure Development Fund (UIDF), which would be utilized to enhance urban infrastructure in Tier 2 and Tier 3 cities, was also introduced by the nation's finance minister. Therefore, the demand for decorative paints is expected to boost in the upcoming years.
  • The budget for 2023–24 seeks a 33% increase in infrastructure capital investment amounting to USD 122 billion, or 3.3% of GDP, which is approximately three times the amount allocated in 2019–20.
  • In August 2024, Berger Paints invested approximately USD 236 million in two greenfield projects, one in Bengal and the other in Odisha, with the goal of expanding its overall production capacity by around 25-30%. At the time, Berger's production capacity was approximately 1 lakh million tonnes per month.
  • In November 2024, Birla Opus Paints, a division of Grasim Industries Ltd, had opened its fourth plant in Chamarajnagar, Mysore. The state-of-the-art, fully automated, integrated paint plant was inaugurated by Kumar Mangalam Birla, Chairman of the Aditya Birla Group. The plant had officially commenced commercial production. This new facility significantly boosted the company's manufacturing capacity to 866 MLPA (Million Liters Per Annum). By adding 230 million liters per annum (MLPA) to its capacity, the total production capacity of Birla Opus Paints increased to 866 MLPA.

 Key Market Players

  • Asian Paints Limited
  • Berger Paints India Limited
  • Akzo Nobel India Limited
  • Kansai Nerolac Paints Limited
  • Shalimar Paints Limited
  • Esdee Paints Limited
  • Acro Paints Limited
  • Indigo Paints Limited
  • By Product Type
  • By Type of Paint
  • By Application
  • By Sales Channel
  • By End User
  • By Region
  • Water Based
  • Solvent Based
  • Emulsion
  • Enamel
  • Distemper
  • Primer
  • Textures
  • Others
  • Exterior
  • Interior
  • Offline
  • Online
  • Residential
  • Non-Residential
  • North India
  • South India
  • West India
  • East India     

Report Scope:

In this report, the India Decorative Paints Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • India Decorative Paints Market, By Product Type:
    • Water Based
    • Solvent Based     
  • India Decorative Paints Market, By Type of Paint:
    • Emulsion
    • Enamel
    • Distemper
    • Primer
    • Textures
    • Others
  • India Decorative Paints Market, By Application:
    • Exterior
    • Interior
  • India Decorative Paints Market, By Sales Channel:
    • Offline
    • Online
  • India Decorative Paints Market, By End User:
    • Residential
    • Non-Residential
  • India Decorative Paints Market, By Region:
    • South India
    • West India 
    • North India
    • East India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the India Decorative Paints Market.

Available Customizations:

India Decorative Paints Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

India Decorative Paints Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com

Table of content

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.          Markets Covered

1.2.2.          Years Considered for Study

1.2.3.          Key Market Segmentations

1.3.  Product Definition

1.3.1.          By Product Type

1.3.2.          By Type of Paint

1.3.3.          By Application

1.3.4.          By Sales Channel

1.3.5.          By End User

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.2.1.          Methodology Followed for Calculation of Market Size

2.2.2.          Methodology Followed for Calculation of Market Share

2.2.3.          Methodology Followed for Forecasting

2.3.  Partial List of Companies Interviewed

2.4.  Partial List of Secondary Sources

3.    Executive Summary

4.    Impact of Covid-19 on India Decorative Paints Market

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Key Factors Considered Before Making Purchase Decision

5.3.  Key Satisfaction Level

6.    India Decorative Paints  Market Outlook

6.1.  Market Size & Forecast

6.1.1.          By Value

6.2.  Market Share & Forecast

6.2.1.          By Product Type (Water Based, Solvent Based)

6.2.2.          By Type of Paint (Emulsion, Enamel, Distemper, Primer, Textures, Others)

6.2.3.          By Application (Exterior, Interior)

6.2.4.          By Sales Channel (Offline, Online)

6.2.5.          By End User (Residential, Non-Residential)

6.2.6.          By Region (South India, North India, West India, East India)

6.3.  By Company (2024)

6.4.  Market Map

7.    North India Decorative Paints Market Outlook

7.1.  Market Size & Forecast

7.1.1.          By Value

7.2.  Market Share & Forecast

7.2.1.          By Product Type

7.2.2.          By Type of Paint

7.2.3.          By Application

7.2.4.          By Sales Channel

7.2.5.          By End User

8.    South India Decorative Paints Market Outlook

8.1.  Market Size & Forecast

8.1.1.          By Value

8.2.  Market Share & Forecast

8.2.1.          By Product Type

8.2.2.          By Type of Paint

8.2.3.          By Application

8.2.4.          By Sales Channel

8.2.5.          By End User

9.    West India Decorative Paints Market Outlook

9.1.  Market Size & Forecast

9.1.1.          By Value

9.2.  Market Share & Forecast

9.2.1.          By Product Type

9.2.2.          By Type of Paint

9.2.3.          By Application

9.2.4.          By Sales Channel

9.2.5.          By End User

10. East India Decorative Paints Market Outlook

10.1.             Market Size & Forecast

10.1.1.        By Value

10.2.             Market Share & Forecast

10.2.1.        By Product Type

10.2.2.        By Type of Paint

10.2.3.        By Application

10.2.4.        By Sales Channel

10.2.5.        By End User

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Market Trends and Developments

13. Policy and Regulatory Landscape

14. Supply Chain Analysis 

15. Value Chain Analysis

16. India Economic Profile

17. Company Profiles

17.1.             Asian Paints Limited

17.1.1.        Business Overview

17.1.2.        Key Products/Services Offered

17.1.3.        Key Revenue & Financials

17.1.4.        Key Management Personnel

17.2.             Berger Paints India Limited

17.2.1.        Business Overview

17.2.2.        Key Products/Services Offered

17.2.3.        Key Revenue & Financials

17.2.4.        Key Management Personnel

17.3.             Akzo Nobel India Limited

17.3.1.        Business Overview

17.3.2.        Key Products/Services Offered

17.3.3.        Key Revenue & Financials

17.3.4.        Key Management Personnel

17.4.             Kansai Nerolac Paints Limited

17.4.1.        Business Overview

17.4.2.        Key Products/Services Offered

17.4.3.        Key Revenue & Financials

17.4.4.        Key Management Personnel

17.5.             Shalimar Paints Limited

17.5.1.        Business Overview

17.5.2.        Key Products/Services Offered

17.5.3.        Key Revenue & Financials

17.5.4.        Key Management Personnel

17.6.            Esdee Paints Limited

17.6.1.        Business Overview

17.6.2.        Key Products/Services Offered

17.6.3.        Key Revenue & Financials

17.6.4.        Key Management Personnel

17.7.             Acro Paints Limited

17.7.1.        Business Overview

17.7.2.        Key Products/Services Offered

17.7.3.        Key Revenue & Financials

17.7.4.        Key Management Personnel

17.8.             Indigo Paints Limited

17.8.1.        Business Overview

17.8.2.        Key Products/Services Offered

17.8.3.        Key Revenue & Financials

17.8.4.        Key Management Personnel

18. Strategic Recommendations

19. About Us & Disclaimer

Figures and Tables

Frequently asked questions

Frequently asked questions

India Decorative Paints Market was valued at USD 8.5 Billion in 2024.

The major drivers of the India Decorative Paints market include urbanization, rising disposable incomes, increasing construction activities, growing awareness of home aesthetics, and technological advancements in paint formulations enhancing durability and eco-friendliness.

In 2024, Emulsion paints hold the largest market share in the India decorative paints market due to their excellent durability, smooth finish, and resistance to weathering. These paints are easy to apply, quick-drying, and offer long-lasting protection, making them ideal for both interior and exterior applications in residential and commercial spaces.

The India decorative paints market faces several challenges, including volatile raw material prices, particularly for key ingredients like titanium dioxide and resins. There is also increased competition from unorganized local players, which affects brand loyalty and price stability.

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