CHEMICAL INDUSTRY

Market share of the paints industry across India in

financial year 2020, by company
Market share of the paints industry across India in financial year 2020, by company
Market share of the paints industry in India 2020, by company

Others 32%

Asian Paints 39%

Azko Nobel India 6%

Kansai Nerolac Paint Berger Paints India

11% 12%

Note(s): India; FY 2020

Further information regarding this statistic can be found on page 8.
2 Source(s): Nirmal Bang; ID 914573
Market share of the paints industry across India in financial year 2020, by company
Market share of the paints industry in India 2020, by company

Your Headline
Your Notes:

Others 32%

Asian Paints 39%

Azko Nobel India 6%

Kansai Nerolac Paint Berger Paints India

11% 12%

Note(s): India; FY 2020

Further information regarding this statistic can be found on page 8.
3 Source(s): Nirmal Bang; ID 914573
Market share of the paints industry across India in financial year 2020, by company
Market share of the paints industry in India 2020, by company

Market share

0% 5% 10% 15% 20% 25% 30% 35% 40% 45%

Asian Paints 39%

Berger Paints India 12%

Kansai Nerolac Paint 11%

Azko Nobel India 6%

Others 32%

Note(s): India; FY 2020

Further information regarding this statistic can be found on page 8.
4 Source(s): Nirmal Bang; ID 914573
Market share of the paints industry across India in financial year 2020, by company
Market share of the paints industry in India 2020, by company

Market share Your Headline

Your Notes:
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%

Asian Paints 39%

Berger Paints India 12%

Kansai Nerolac Paint 11%

Azko Nobel India 6%

Others 32%

Note(s): India; FY 2020

Further information regarding this statistic can be found on page 8.
5 Source(s): Nirmal Bang; ID 914573
Market share of the paints industry across India in financial year 2020, by company
Market share of the paints industry in India 2020, by company

45%

40% 39%

35%
32%

30%

25%
Market share

20%

15%
12%
11%
10%
6%
5%

0%
Asian Paints Berger Paints India Kansai Nerolac Paint Azko Nobel India Others

Note(s): India; FY 2020

Further information regarding this statistic can be found on page 8.
6 Source(s): Nirmal Bang; ID 914573
Market share of the paints industry across India in financial year 2020, by company
Market share of the paints industry in India 2020, by company

45% Your Headline

Your Notes:

40% 39%

35%
32%

30%

25%
Market share

20%

15%
12%
11%
10%
6%
5%

0%
Asian Paints Berger Paints India Kansai Nerolac Paint Azko Nobel India Others

Note(s): India; FY 2020

Further information regarding this statistic can be found on page 8.
7 Source(s): Nirmal Bang; ID 914573
Market share of the paints industry across India in financial year 2020, by company
Market share of the paints industry in India 2020, by company

Description
Source and methodology information
Asian Paints was the leading company in 2020, with a market share of about 39 percent. In the organized
Source(s) Nirmal Bang segment, Asian Paints led the decorative market segment, while the industrial segment was led by Kansai
Nerolac. As of 2019, the Indian paint industry saw around 12 percent growth in its output volumes and about
Conducted by Nirmal Bang 15 percent growth in terms of its total value. Future growth in the industry is likely to depend on several factors
such as disposable incomes, stability of crude oil prices and growth in the automotive and real estate sectors.
Survey period FY 2020
Market leaders
Region(s) India
The paint, varnishes, coatings and lacquers industry is one the most heavily regulated industries in the world.
Number of respondents n.a. The Indian paint industry was the second largest in the APAC region in 2020. The sector witnessed significant
growth over the past few years. In 2019, the Wholesale Price Index of paints and varnishes stood at 112.7, its
Age group n.a.
highest value compared to the last five years. In 2019, the trade value of the country’s paint industry was over
57 trillion Indian rupees. Despite being the second largest industry globally, the export value of India’s paint
Special characteristics n.a.
industry amounted to around 18 trillion rupees as opposed to the import value worth approximately 39 trillion
Published by Nirmal Bang rupees.

Publication date September 2020

Original source Paint sector, page 4 Segmentation

Website URL visit the website

Notes: India's financial year begins in April and ends in March. For example, FY 2016
started in April 2015 and ended in March 2016.
The paint sector across the south Asian country was broadly classified into two segments – industrial and
decorative. Exterior and interior wall paints, enamel and ancillary products and wood finishes made up the
decorative segment. Automotive, powder and protective coatings on the other hand summed up the industrial
segment. The Indian market was dominated by the decorative segment accounting for about 75 percent of the
market share compared to industrial segment which had just over 25 percent of the share. Less technical know-
how and the involvement of organized as well as unorganized players contributed to this major difference in
market shares.