India Industrial Coatings Market Size & Outlook, 2026-2033
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India industrial coatings market highlights
- The India industrial coatings market generated a revenue of USD 6,023.7 million in 2024 and is expected to reach USD 7,654.7 million by 2030.
- The India market is expected to grow at a CAGR of 4.2% from 2025 to 2030.
- In terms of segment, acrylic was the largest revenue generating product in 2024.
- Acrylic is the most lucrative product segment registering the fastest growth during the forecast period.
Industrial coatings market data book summary
| Market revenue in 2024 | USD 6,023.7 million |
| Market revenue in 2030 | USD 7,654.7 million |
| Growth rate | 4.2% (CAGR from 2025 to 2030) |
| Largest segment | Acrylic |
| Fastest growing segment | Acrylic |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyurethane, Other, Alkyd, Epoxy, Polyesters, Acrylic |
| Key market players worldwide | Akzo Nobel NV, Axalta Coating Systems Ltd, PPG Industries Inc, Sherwin-Williams Co, Nippon Paint Holdings Co Ltd, NKT A/S |
Other key industry trends
- In terms of revenue, India accounted for 6.4% of the global industrial coatings market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China industrial coatings market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 23,504.1 million by 2030.
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Industrial Coatings Market Scope
Industrial Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| NKT A/S | View profile | 4978 | Vibeholms Alle 20, Broendby, Denmark, 2605 | https://www.nkt.com |
| Nippon Paint Holdings Co Ltd | View profile | 42423 | 2-1-2 Oyodo Kita, Kita-ku, Osaka, Japan, 531-8511 | http://www.nipponpaint-holdings.com |
| Axalta Coating Systems Ltd | View profile | 12000 | 50 Applied Bank Boulevard, Suite 300, Glen Mills, PA, United States, 19342 | https://www.axalta.com |
| Sherwin-Williams Co | View profile | 64088 | 101 West Prospect Avenue, Cleveland, OH, United States, 44115-1075 | https://www.sherwin-williams.com |
| PPG Industries Inc | View profile | 53000 | One PPG Place, Pittsburgh, PA, United States, 15272 | https://www.ppg.com |
| Akzo Nobel NV | View profile | 35500 | Christian Neefestraat 2, Amsterdam, NH, Netherlands, 1077 WW | https://www.akzonobel.com |
India industrial coatings market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial coatings market will help companies and investors design strategic landscapes.
Acrylic was the largest segment with a revenue share of 37.45% in 2025. Horizon Databook has segmented the India industrial coatings market based on polyurethane, other, alkyd, epoxy, polyesters, acrylic covering the revenue growth of each sub-segment from 2021 to 2033.
Increasing industrialization coupled with government initiatives, such as Make in India and FDIs under the automatic route, is anticipated to fuel the growth of manufacturing sector in the country which expected to create high demand for industrial coatings.
India has a large coastline, which facilitates easy import & export of goods such as crude oil, mineral ores, coals, and other consumable products through marine transport network.
Powder coating is being used by automobile manufacturers in the country owing to properties such as excellent durability, corrosion resistance, heat resistance, and high color retention. Thus, the growing demand for powder coatings from automotive industry is anticipated to significantly fuel the market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the India industrial coatings market , including forecasts for subscribers. This country databook contains high-level insights into India industrial coatings market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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India industrial coatings market size, by product, 2021-2033 (US$M)
India Industrial Coatings Market Outlook Share, 2025 & 2033 (US$M)
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