The Indian paint market is expected to reach Rs.70,875 crore by 2019-20 from around Rs.40,300 crore in 2014-15.The decorative paint market is expected to witness CAGR of 12.7 per cent and the industrial paint market CAGR of 9.5 per cent, according to Indian Paint Association.
The split of the decorative paint market to industrial market is around 75-25.Decorative paint market size in the country was Rs 30,385 crore and the Industrial Paint Rs 9,915 crore in 2016.
The per capita consumption of paint in India is estimated at 3.34 Kg.