The Indian Paint Industry posted a CAGR of around 16.2 % during 2013-14 to 2015-16 in India. The emergence of the middle class in India, growing infrastructure, increase in the tendency to spend and growing young population inclined towards lavish lifestyle are the reasons that spurred the Indian paint industry to new heights.
The Indian paint industry is estimated to touch Rs 62,000 crore in the next two years.
The Indian paint industry is likely to surge from the current level of about Rs 40,600 crore to about Rs 62,000 crore in year 2016, witnessing a double-digit compound annual growth rate (CAGR) of about 20 per cent.
In FY15, the paint industry stood at Rs 40,600 crore with per capita consumption increasing to over 4 kgs, out of which the decorative segment contributed nearly 73 per cent at Rs 29,638 crore, while the remaining Rs 10,962 crore was contributed by the industrial segment.
The major boost to the growth in Indian paint market has been provided by the decorative paint segment, which is anticipated to grow more than 18 per cent during 2016.
The unorganised industries control around 35 per cent of the paint market, with the organised sector accounting for the balance.
INDIAN PAINT INDUSTRY AT A GLANCE IN 2015 - 2016 
