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India's paints and coatings market to reach $21.17B by 2032, driven by construction and automotive growth.

Market News
10 Nov 2026, 05:00 WIB
Mordor Intelligence
View Source
Bullish
India's paints and coatings market to reach $21.17B by 2032, driven by construction and automotive growth.

The India paints and coatings market is projected to grow from $12.51 billion in 2026 to $21.17 billion by 2032, at a CAGR of 9.14%. Growth is fueled by expanding residential construction, rising demand for decorative repainting, and increased automotive and industrial manufacturing. Smaller cities and rural areas are emerging as new markets, while manufacturers are expanding production and distribution to meet demand. However, crude oil price volatility poses cost challenges, necessitating strategic pricing and demand management.

The paints and coatings industry in India is projected to reach USD 21.17 billion by 2032, driven by construction and automotive demand growth. For readers following Basic Materials, here is Pluang's market snapshot as of Nov 10, 2026 04:12 WIB: 76 of 83 US stocks rose today. Notable movers include ALM at USD 8.79 (+8.19%), JHX at USD 30.07 (+7.97%), and NG at USD 6.87 (+7.34%) with a balanced buy/sell order activity.

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