The Future is in safe hands: Meet them who are leading the market!
The future is in safe hands—
holding the paintbrushes! The Indian as
well as the Global leaders are leading the industry, it is literally undergoing a bold transformation. From being a new entrant in the market to becoming a leader, the journey is bound to be amazing. Moreover, adding a lot of new technologies, market share, boosting GDP and economy, has been an integral part of their business. The giants are more into AI-powered smart coatings, using new trends and being innovative. According to Industrial Front, the future is safe for sure!
Either it is Global or Indian leader, both have their respective contribution in the industry. Global players leading are: –
- Sherwin Williams [USA]- It is contributing around $18.4 Billion with architectural coatings, and performance coatings.
- PPG Industries [USA]-It’s playing around $18.2 Billion with Industrial coatings, auto & aerospace coatings, and strong global presence.
- AkzoNobel [Netherlands]- It contributes about $10.7 Billion decorative paints, powder coatings, and eco-innovations.
- Nippon Paint [Japan/Asia]- Contributing around $6-7 Billion with Major Asia-Pacific player, automotive & decorative paints.
Indian players leading are: –
- Asian Paints- They are contributing around 55-58%, largest in the Indian Paint market with decorative paints.
- Berger Paints- 12-15%, fast growing competitor with strong in Tier 2/3 cities.
- Kansai Nerolac- 10% strong in industrial and automotive sector.
- Indigo Paints, Shalimar, British Paints- <-4% each Niche and regional players are gaining taction.
These Global revenues and Indian market shares are a sign that Paint & Coating industries are growing and developing, also opening new ways and opportunities for newcomers in the market. As you know, the focus of these industries is not just making profits but providing best to its customers. Also, the huge market contribution fosters growth in the sector with multiple job roles. For more information, click at Paint Vision.