India Automotive Paints and Coatings Market Expansion, Valuation by 2030

MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled India Automotive Paints and Coatings Market Research Report: Forecast (2024-2030). This report provides a detailed assessment of the India Automotive Paints and Coatings Market, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

Market Timeline Overview

• Historical Years: 2019-22
• Base Years: 2023
• Forecast year - 2024-2030

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Download a FREE PDF Sample of the Report: https://www.marknteladvisors.com/query/request-sample/india-automotive-paints-coatings-market.html  (Discover the market potential, platform-specific insights, and key industry trends.)

India Automotive Paints and Coatings Market Outlook

According to the report, The India Automotive Paints and Coatings Market size is valued at around USD 1.46 billion in 2025 and is expected to reach USD 2.23 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 8.80% during the forecast period, i.e., 2026-30.

The report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market’s trajectory over the next decade.

India Automotive Paints and Coatings Market Drivers:

Growing Demand for Functional Coatings to Promote Automotive Paints and Coatings Market –  The Indian Automotive Paints & Coatings Industry has evolved significantly, with a marked change in consumers' preferences & requirements within the sector. The growth in demand for functional coatings is at the forefront of trends that have transformed this industry in recent years. Functional coatings are specialized formulations designed not just to beautify surfaces but also to enhance their performance & durability. These coatings are particularly important in electric vehicles, where thermal management varnishes help to regulate the temperature of batteries so that they will last longer & perform better. For instance:

• In 2023, MG launched its new EV in the Indian market by the name Comet EV.

View Full Report (All Data, In One Place): https://www.marknteladvisors.com/research-library/india-automotive-paints-coatings-market.html  (Explore in-depth analyses, technological trends, and investment patterns.)

India Automotive Paints and Coatings Market Trends:

Growing Demand for Electric Vehicles Creating New Trends Across the Market – India's automotive landscape is experiencing a monumental shift as the demand for electric vehicles (EVs) surges. With increasing environmental awareness, government incentives, and advancements in technology, EVs are rapidly gaining traction in the Indian market, thus supporting the growth of paints & coatings in this industry. India with an alarming level of pollution increase in many of the cities has made it an attractive market for electric vehicles. These vehicles produce zero tailpipe emissions, making them an attractive choice for environmentally conscious consumers and government bodies committed to improving air quality, thus propelling the market’s growth. For instance

• In 2023, Hyundai launched its new electric vehicle by the name Ioniq 5 under its flagship product line. This new EV vehicle launched will be assembled in India only.  

India Automotive Paints and Coatings Market Segmentation

The study categorizes the India Automotive Paints and Coatings Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

By Resin Type

• Polyurethane
• Epoxy
• Acrylic
• Alkyd
• Polyester
• Others (Fluoropolymers, Vinyl, etc.)

By Composition

• Water-based
• Solvent-based
• Powder-based

By Coating type

• E-coat
• Primer
• Basecoat
• Clearcoat

By Vehicle type

• Two-wheelers
• Passenger Cars
• Medium & Heavy Commercial Vehicles
• Light Commercial Vehicles

By Application

• OEM
• Refinish

Geographical Analysis

The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

By Region

• North
• South
• East
• West

Talk to Our Industry Analyst: https://www.marknteladvisors.com/query/talk-to-our-consultant/india-automotive-paints-coatings-market.html  Get personalized insights into company strategies and regional market dynamics.)

Leading Companies in India Automotive Paints and Coatings Market Worldwide: Players, Analysis & Future Outlook

Asian Paints Limited, Berger Paints India Limited, Kansai Nerolac Paints Ltd, AkzoNobel India Ltd, Jenson & Nicholson Paints Private Limited, Nippon Paint (India) Private Limited, and others, are some of the top players in the India Automotive Paints & Coatings Market.

Key Highlights of the Report

• Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2024 to 2030.
• Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
• Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
• Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/india-automotive-paints-coatings-market.html  

Frequently Asked Questions (FAQ)

1. What is the projected growth rate of the India Automotive Paints and Coatings Market?
2. What are the major factors driving this market’s growth?
3. Which regions are expected to lead the India Automotive Paints and Coatings Market?
4. Who are the prominent players in the India Automotive Paints and Coatings Market?
5. How is the competition structured in this market?
6. How can I access the full report?

About Us

MarkNtel Advisors is a premier market research and consulting firm specializing in the chemical industry, with expertise across specialty chemicals, petrochemicals, industrial chemicals, and chemical processing technologies. Our research solutions guide manufacturers, suppliers, and investors in tracking innovation, pricing trends, and sustainability initiatives. Through Custom Market Analysis, we deliver precise, business-specific intelligence, helping clients optimize production efficiency, manage volatility, and capture new opportunities within the global chemicals ecosystem.

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