The valuation of the Indian paint industry is projected to hit ₹1 lakh crore in the next five years, underscoring its vast potential. This ambitious growth target is being driven by demand from the real estate sector, government infrastructure projects, and increased consumer inclination toward home renovation and repainting.
Real Estate and Renovation Drive Demand
India’s booming real estate sector is one of the major contributors to the paint industry’s expansion. As more residential and commercial buildings are constructed, the demand for decorative paints is naturally increasing. Additionally, the post-COVID-19 “home improvement” trend has led to a surge in repainting activities, as consumers seek fresh aesthetics for their living spaces.
Government Initiatives Support Growth
Government projects like Smart Cities, Bharatmala, and Gati Shakti have increased demand for industrial paints. These initiatives involve the construction of highways, airports, and urban infrastructure, all of which require high-performance coatings.
With an expected valuation of ₹1 lakh crore, the sector is set to become a major player in India’s manufacturing and consumer goods landscape.