India Paint Additives Market Size & Outlook, 2022-2030
India paint additives market, 2018-2030 (US$M)
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India paint additives market highlights
- The India paint additives market generated a revenue of USD 150.4 million in 2022 and is expected to reach USD 202.6 million by 2030.
- The India market is expected to grow at a CAGR of 3.8% from 2023 to 2030.
- In terms of segment, rheology modifiers was the largest revenue generating product in 2022.
- Rheology modifiers is the most lucrative product segment registering the fastest growth during the forecast period.
Paint additives market data book summary
| Market revenue in 2022 | USD 150.4 million |
| Market revenue in 2030 | USD 202.6 million |
| Growth rate | 3.8% (CAGR from 2022 to 2030) |
| Largest segment | Rheology modifiers |
| Fastest growing segment | Rheology modifiers |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rheology modifiers, Biocides, Anti-foamers, Wetting & dispersion agents |
| Key market players worldwide | Arkema SA, Basf SE, Dow Inc, Evonik Industries AG, Ashland Inc, Cabot Corp, Daikin Industries Ltd, Eastman Chemical Co, The Lubrizol Corp, AkzoNobel [Dulux Brand], Angus Chemical, Buckman, Elementis PLC, Dynea AS |
Other key industry trends
- In terms of revenue, India accounted for 8.6% of the global paint additives market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China paint additives 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 449.8 million by 2030.
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Paint Additives Market Scope
Paint Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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India paint additives 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 paint additives market will help companies and investors design strategic landscapes.
Rheology modifiers was the largest segment with a revenue share of 29.79% in 2022. Horizon Databook has segmented the India paint additives market based on rheology modifiers, biocides, anti-foamers, wetting & dispersion agents covering the revenue growth of each sub-segment from 2018 to 2030.
Paint additives are widely used in water-based paints and coatings in India. Waterborne coatings have more elasticity than solvent-borne coatings.
This fuels the demand for water-based paints in India. Surging demand for water-based coatings from a variety of industries such as automotive and construction is expected to contribute to the growth of paint additives market in India over the forecast period. Growing architectural activities in the country have been fueling the demand for architectural paints in India.
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Target buyers of India paint additives market databook
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Our clientele includes a mix of paint additives market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India paint additives market , including forecasts for subscribers. This country databook contains high-level insights into India paint additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India paint additives market size, by product, 2018-2030 (US$M)
India Paint Additives Market Outlook Share, 2022 & 2030 (US$M)
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