Indian Paint industry is estimated at Rs. 100 billion. It is dominated by organized players with 26 units across India. The organized sector dominates the decorative segment while unorganized sector caters to allied products like varnishes, thinners, undercoats, epoxies and additives. The unorganized sector has around 2000 tiny units across India with an estimated production of 0.5 million tonnes. The industry is expanding and upgrading its technology to match global standards.
Asian Paints is the market leader with 44% market share followed by Nerolac and Berger Paints. With industry growth in infrastructure the paint industry is likely to grow at 10-15% in the next 5 years.
List of Paints and Varnish Manufacturers in India