Rapid urbanization, increasing expenditure by consumers, and government programs to support infrastructure development have all contributed to the notable expansion of the Indian paint business in recent years. It is anticipated that this business would increase significantly by 2024, with both the decorative & industrial segments playing a role. Rising middle-class earnings, shifting consumer tastes, and an increasing propensity for interior design and house renovation are the main drivers of paint demand, particularly in the residential sector. At the same time, the expansion of industries including manufacturing, building, and automobiles is helping the industrial paint industry.

With many domestic and international companies vying for a piece of this profitable market, India’s paint business is currently among the biggest in Asia. The market is mainly split into two groups: industrial paints, that are utilized in a variety of industries such heavy machinery, automotive, and marine, and decorative paints, which make up the majority of sales. The market for exterior and interior paints, wall textures, & finishes is what drives the dominance of the decorative paint segment. The need for decorative paints will only grow as more money is spent on real estate projects, house remodelling, and aesthetics. In this article we will discuss the Top 10 Leading Paint Manufacturers in India in the year 2024. Let us take a closer look and find out about these brilliant companies.

1. Asian Paints:

The first company to secure a first rank on our list has to be Asian Paints. Asian Paints, the leading paint business in India, was established in the year 1942 and is a major international paint manufacturer with its headquarters located in Mumbai. In addition to producing paints and coatings, they also offer bathroom fixtures, home décor, and other services. A paint import prohibition during the Second World War created an opening in the market, which is how their success story started. With well-known brands like Asian Paints, Berger, & Apco, they are currently the top paint manufacturer in India and the country’s top home décor company.

2. Berger Paints:

With roots in India dating back to 1923, Berger Paints is a well-known force in the global paint market. It started off as a tiny company and has grown to become the second-largest paint company in the country. With locations in five nations, Berger offers a broad range of products, including waterproofing technologies and paints for both indoor and outdoor use. Having introduced well-known products like Easy Clean & the Color BANK tint system, which is available in thousands of various shades, they are renowned for their inventiveness. In the constantly evolving paint industry, Berger Paints continues to set the standard for quality and client satisfaction.

3. Kansai Nerolac:

One well-known paint company in India is Nerolac Kansai Paints, a division of Kansai Paints of Japan. They are the third-biggest decorative paint firm and the biggest industrial paint maker in India. Established in 1920, they offer a wide variety of creative and ecologically safe paints for residences, workplaces, and industries. Their product portfolio consists of powder coatings, automotive coatings, and decorative paints for the exterior and inside. They are renowned for their scientific prowess and dedication to producing environmentally friendly goods.

4. AkzoNobel India:

Renowned for its Dulux paints, AkzoNobel India. With a name that combines the words “durable” and “luxurious,” Dulux has been a major force in the Indian paint industry for more than a century. They are a division of the multinational Dutch company AkzoNobel, which operates all over the world. Paints, coatings, & specialty chemicals are made and sold by AkzoNobel India. With over 30 chemical products marketed to numerous industries, their reach extends beyond paints.

5. Indigo paints:

One of the top paint firms in India is Indigo Paints, which was founded in 2000 and specialized in ornamental paints. It is based in Pune. They have become as the sixth-largest source of revenue in the sector. They manufacture and market a variety of paints, such as primers, distemper, enamels, emulsions, and more. Their products can be used both indoors and out.

6. Nippon paints:

The market leader for paints and coatings in Asia Pacific is Nippon Paints, one of the Japanese companies that was established in the year 1881. They offer a wide variety of paints for both indoor and outdoor use, satisfying both aesthetic and practical needs. Emulsions, enamels, undercoats, plus specialty paints like low-odor and antibacterial types are among their product offerings. Environmentally friendly paints are produced by Nippon Paint, which is renowned for its dedication to innovation and usage of green technologies.

7. Shalimar paints:

The earliest paint firm in India was Shalimar Paints, which was founded in 1902. They produce industrial coatings for big projects as well as decorative paints for homes. Shalimar Paints is used on the exterior of many of India’s most renowned structures, including Rashtrapati Bhavan and the Howrah Bridge. Because of its extensive history and commitment to quality, Shalimar Paints continues to be a prominent brand in the Indian paint industry as one of the top paint businesses in India.

8. Sirca paints India:

Located in New Delhi, Sirca Paints India, Ltd. produces decorative paints and wood coatings. Since their founding in 2006, they have grown to dominate the market for high-end wood treatments, particularly in North India. They also make glass, metal, and wall paint.

9. Sheenlac paints:

An “innovative & sophisticated” painting experience is what Sheenlac Paints in India promises. Each of the brand’s many color options is intended to make a “memorable imprint” and produce captivating settings. Sheenlac Paints’ dedication to quality, innovation, and client satisfaction is unwavering as it forges ahead in the Indian painting industry.

10. Snowcem paints:

With more than 60 years of experience, Snowcem Paints Limited is a well-known brand in India and is currently an element of Saurashtra Cement Ltd’s Paint Division. Originally known for its outside paints, Snowcem is now expanding to offer a complete range of both exterior and interior paints, including eco-friendly, water-based options.

Conclusion:

The need for premium paints is only anticipated to rise as the nation’s housing and infrastructure sectors continue to develop, opening up new markets for both well-established and up-and-coming companies.