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India Industrial Coatings Market

ID: MRFR/CnM/44061-HCR
111 Pages
Chitranshi Jaiswal
October 2025

India Industrial Coatings Market Research Report By Resin (Acrylic, Polyurethane, Epoxy, Polyester, Fluoropolymers), By Technology (Solvent-Based, Water-Based, Powder) and By End User (General Industrial, Automotive & Transportation, Marine Protective, Industrial Wood, Packaging)- Forecast to 2035

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India Industrial Coatings Market Infographic
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India Industrial Coatings Market Summary

As per analysis, the India industrial coatings market is projected to grow from USD 5.64 Billion in 2025 to USD 7.79 Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 3.28% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The India industrial coatings market is experiencing a transformative shift towards sustainability and innovation.

  • The market is witnessing a notable shift towards eco-friendly coatings, driven by increasing environmental awareness.
  • Technological advancements in coating solutions are enhancing performance and application efficiency across various sectors.
  • The protective coatings segment remains the largest, while the automotive coatings segment is identified as the fastest-growing in the market.
  • Key drivers include the growth in the automotive sector and ongoing infrastructure development initiatives, which are propelling demand for advanced coating solutions.

Market Size & Forecast

2024 Market Size 5.46 (USD Billion)
2035 Market Size 7.79 (USD Billion)
CAGR (2025 - 2035) 3.28%

Major Players

Asian Paints (IN), Berger Paints (IN), Nerolac Paints (IN), AkzoNobel India (IN), PPG Asian Paints (IN), Jotun India (IN), BASF India (IN), Hempel Paints (IN), Dulux Paints (IN)

India Industrial Coatings Market Trends

The India industrial coatings market is currently experiencing a dynamic transformation, driven by various factors including technological advancements and increasing demand across multiple sectors. The growth trajectory appears to be influenced by the rising need for protective coatings in industries such as automotive, construction, and manufacturing. As environmental regulations become more stringent, there is a noticeable shift towards eco-friendly formulations, which may enhance the sustainability of products in this sector. Furthermore, the expansion of infrastructure projects across the nation is likely to bolster the demand for high-performance coatings, which are essential for durability and longevity in challenging environments. In addition to these developments, the market seems to be adapting to the evolving preferences of consumers, who are increasingly seeking innovative solutions that offer both aesthetic appeal and functional benefits. The emergence of advanced technologies, such as nanotechnology and smart coatings, indicates a potential for enhanced performance characteristics, which could redefine the competitive landscape. Overall, the India industrial coatings market appears poised for growth, with opportunities for manufacturers to innovate and cater to the diverse needs of various industries, thereby contributing to the overall economic development of the country.

Shift Towards Eco-Friendly Coatings

The India industrial coatings market is witnessing a notable shift towards environmentally friendly products. This trend is largely driven by increasing awareness of sustainability and stringent regulations aimed at reducing environmental impact. Manufacturers are focusing on developing water-based and low-VOC coatings, which not only comply with regulations but also appeal to environmentally conscious consumers.

Technological Advancements in Coating Solutions

Technological innovation plays a crucial role in shaping the India industrial coatings market. The introduction of advanced coating technologies, such as nanotechnology and smart coatings, is enhancing the performance and functionality of products. These innovations are likely to provide improved durability, corrosion resistance, and self-cleaning properties, thereby meeting the evolving demands of various industries.

Rising Demand from Infrastructure Development

The ongoing infrastructure development initiatives in India are significantly impacting the industrial coatings market. As the government invests in various projects, including transportation and urban development, the demand for high-performance coatings is expected to rise. These coatings are essential for protecting structures and equipment from harsh environmental conditions, thereby ensuring longevity and reliability.

Market Segment Insights

By Application: Protective Coatings (Largest) vs. Marine Coatings (Fastest-Growing)

In the India industrial coatings market, the largest segment is Protective Coatings, which holds a significant portion of the market share. This category encompasses a wide range of products that protect surfaces from corrosion, chemical exposure, and abrasion, making it essential across various industries such as construction, manufacturing, and oil and gas. On the other hand, Marine Coatings, which include products specifically designed for maritime applications, is steadily gaining traction, driven by increasing shipbuilding activities and the need for maintenance in the marine sector.

Protective Coatings (Dominant) vs. Marine Coatings (Emerging)

Protective Coatings are characterized by their robust properties, offering superior protection and durability, catering to diverse industries including infrastructure, automotive, and manufacturing. Their dominance can be attributed to the growing need for long-lasting surfaces that withstand harsh environmental conditions. Conversely, Marine Coatings are emerging rapidly due to heightened regulations concerning marine pollution and the demand for boats and ships. This segment emphasizes anti-fouling technologies and corrosion-resistant features to ensure longevity in marine applications. As environmental concerns grow, both segments position themselves crucially within the industrial coatings landscape.

By End Use: Construction (Largest) vs. Automotive (Fastest-Growing)

In the India industrial coatings market, the end-use segment is prominently dominated by construction, which significantly outpaces other categories. The construction sector is the largest consumer of industrial coatings, utilizing them for protective and aesthetic purposes in buildings and infrastructure projects. Automotive closely follows, having shown considerable growth due to the rising demand for durable and high-performance coatings that can withstand environmental challenges and enhance vehicle aesthetics.

Construction: Dominant vs. Automotive: Emerging

The construction segment represents the dominant force in the India industrial coatings market, driven by a surge in infrastructure development and construction activities across urban and rural areas. With a focus on longevity and sustainability, coatings used in this sector prioritize durability, weather resistance, and aesthetic appeal. On the other hand, the automotive segment is emerging rapidly, spurred by increasing vehicle production and a shift towards electric vehicles, where advanced coatings are essential for performance and design. This segment embraces innovation, with trends toward lightweight materials and eco-friendly solutions, showcasing its potential for sustained growth.

By Technology: Waterborne Coatings (Largest) vs. Powder Coatings (Fastest-Growing)

The India industrial coatings market is significantly dominated by waterborne coatings, capturing the largest share due to their environmental benefits and regulatory compliance. Solventborne coatings and powder coatings follow, with solventborne providing high performance but facing challenges due to VOC emissions. UV-cured coatings and electrocoating remain important niche markets, serving specific applications where rapid curing and uniform finish are essential.

Technology: Waterborne Coatings (Dominant) vs. Powder Coatings (Emerging)

Waterborne coatings have established themselves as the dominant technology in the India industrial coatings market, offering low VOC emissions and compliance with stringent environmental regulations. Their broad application ranges from automotive to industrial sectors enhancing durability and performance. In contrast, powder coatings are emerging rapidly, recognized for their efficiency and sustainability. They offer superior finish and durability, making them popular for various applications, especially in the automotive and appliances industries. As manufacturers prioritize eco-friendly solutions, the shift towards powder coatings is also supported by advancements in application technologies, positioning them as a formidable competitor.

Get more detailed insights about India Industrial Coatings Market

Key Players and Competitive Insights

The industrial coatings market in India is characterized by a dynamic competitive landscape, driven by factors such as increasing industrialization, infrastructure development, and a growing emphasis on sustainability. Major players like Asian Paints (IN), Berger Paints (IN), and AkzoNobel India (IN) are strategically positioned to leverage these growth drivers. Asian Paints (IN) focuses on innovation and product diversification, while Berger Paints (IN) emphasizes regional expansion and localized manufacturing. AkzoNobel India (IN) is investing in digital transformation and sustainability initiatives, which collectively shape a competitive environment that is increasingly focused on technological advancement and eco-friendly solutions.

The market structure appears moderately fragmented, with several key players vying for market share. Companies are adopting various business tactics, such as optimizing supply chains and localizing manufacturing processes to enhance operational efficiency. This competitive structure allows for a diverse range of offerings, catering to different segments of the industrial coatings market, while also fostering innovation and responsiveness to market demands.

In November 2025, Asian Paints (IN) announced the launch of a new range of eco-friendly industrial coatings designed to meet stringent environmental regulations. This strategic move not only aligns with global sustainability trends but also positions the company as a leader in environmentally responsible products, potentially attracting a broader customer base concerned with sustainability.

In October 2025, Berger Paints (IN) expanded its manufacturing capabilities by opening a new facility in Maharashtra, aimed at increasing production capacity for industrial coatings. This expansion is significant as it allows Berger to better serve the growing demand in the region, enhancing its competitive edge through improved supply chain efficiency and reduced lead times.

In September 2025, AkzoNobel India (IN) entered into a strategic partnership with a local technology firm to integrate AI-driven solutions into its manufacturing processes. This collaboration is likely to enhance operational efficiency and product quality, reflecting a broader trend towards digitalization in the coatings industry. By leveraging advanced technologies, AkzoNobel aims to differentiate itself in a competitive market.

As of December 2025, current trends in the industrial coatings market indicate a strong shift towards digitalization, sustainability, and AI integration. Strategic alliances are increasingly shaping the competitive landscape, enabling companies to pool resources and expertise. Looking ahead, competitive differentiation is expected to evolve, with a notable shift from price-based competition to a focus on innovation, technology, and supply chain reliability. This transition underscores the importance of adaptability and forward-thinking strategies in maintaining a competitive advantage.

Key Companies in the India Industrial Coatings Market market include

Industry Developments

The India Industrial Coatings Market has recently seen significant developments, including a notable increase in demand driven by the growth in the automotive, construction, and manufacturing sectors. In October 2023, Berger Paints announced plans to expand its production capacity to meet the rising needs in industrial applications. Nippon Paint has been actively investing in sustainable coating technologies, aligning with global trends toward eco-friendly solutions.

Meanwhile, PPG Industries has been enhancing its distribution networks in India to improve service delivery.Merger and acquisition activity remains robust, with AkzoNobel acquiring a stake in an innovative coatings company in March 2023 to bolster its market presence.Kansai Nerolac Paints and Asian Paints are also exploring potential partnerships to enhance their product lines in industrial coatings. The market valuation of these companies has shown growth due to their proactive strategies and innovation in product development.

Over the past two years, the introduction of new products and an increased focus on environmental sustainability have marked the market trends, helping companies adapt to both domestic and international policies on environmental standards. This evolving landscape promises further growth and competitive dynamics in the Indian industrial coatings sector.

Future Outlook

India Industrial Coatings Market Future Outlook

The India industrial coatings market is projected to grow at a 3.28% CAGR from 2024 to 2035, driven by infrastructure development, automotive growth, and increasing demand for eco-friendly products.

New opportunities lie in:

  • Expansion of waterborne coatings for environmental compliance
  • Development of smart coatings with self-healing properties
  • Investment in automated application technologies for efficiency

By 2035, the market is expected to achieve robust growth, driven by innovation and sustainability.

Market Segmentation

India Industrial Coatings Market End Use Outlook

  • Construction
  • Automotive
  • Aerospace
  • Marine
  • Oil and Gas

India Industrial Coatings Market Technology Outlook

  • Waterborne Coatings
  • Solventborne Coatings
  • Powder Coatings
  • UV-Cured Coatings
  • Electrocoating

India Industrial Coatings Market Application Outlook

  • Protective Coatings
  • Decorative Coatings
  • Industrial Coatings
  • Marine Coatings
  • Automotive Coatings

Report Scope

MARKET SIZE 20245.46(USD Billion)
MARKET SIZE 20255.64(USD Billion)
MARKET SIZE 20357.79(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)3.28% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledAsian Paints (IN), Berger Paints (IN), Nerolac Paints (IN), AkzoNobel India (IN), PPG Asian Paints (IN), Jotun India (IN), BASF India (IN), Hempel Paints (IN), Dulux Paints (IN)
Segments CoveredApplication, End Use, Technology
Key Market OpportunitiesGrowing demand for eco-friendly coatings driven by regulatory changes and consumer preferences in the India industrial coatings market.
Key Market DynamicsRising demand for eco-friendly industrial coatings driven by stringent environmental regulations and sustainability initiatives in India.
Countries CoveredIndia

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FAQs

What is the expected market size of the India Industrial Coatings Market in 2024?

The India Industrial Coatings Market is expected to be valued at 5.5 billion USD in 2024.

What will the market value of the India Industrial Coatings Market be by 2035?

By 2035, the India Industrial Coatings Market is projected to reach a value of 7.2 billion USD.

What is the expected CAGR for the India Industrial Coatings Market from 2025 to 2035?

The market is anticipated to grow at a CAGR of 2.479 percent from 2025 to 2035.

Which segment has the highest market value in the India Industrial Coatings Market for 2024?

In 2024, the Epoxy resin segment is expected to have the highest market value at 1.4 billion USD.

Who are the key players in the India Industrial Coatings Market?

Major players in the market include Berger India, Nippon Paint, PPG Industries, AkzoNobel, and Hempel.

What market value is projected for the Polyurethane resin segment in 2035?

The Polyurethane resin segment is expected to be valued at 1.6 billion USD in 2035.

What challenges might the India Industrial Coatings Market face in the coming years?

The market may face challenges related to fluctuating raw material prices and increasing environmental regulations.

What are the applications driving growth in the India Industrial Coatings Market?

Key applications driving growth include automotive, construction, and general manufacturing industries.

How does the market for Acrylic resin look from 2024 to 2035?

The market for Acrylic resin is expected to grow from 1.1 billion USD in 2024 to 1.5 billion USD by 2035.

Is there a significant market size for Fluoropolymers in 2024?

Yes, the Fluoropolymers segment is projected to be valued at 1.0 billion USD in 2024.

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