Increasing disposable income and growing application of distemper in construction sector to drive India distemper market through 2027.
According to TechSci Research report, “India Distemper Market – By Region, Competition Forecast & Opportunities, 2017-2027”, India distemper market was valued at USD627.9 million (INR4714.5 crore) in 2021 and is projected to grow at a CAGR of 11.23% by 2027. In India, distemper has gained popularity as the early form of whitewashing. Compared with emulsion or oil paints, distemper has lower price points, comes in multiple colors, can last for up to four years, and is inexpensive. Hence, the product is witnessing increased demand through the forecast period. It is directly applied on cement walls and can also be used in artistic painting.
According to a report published by the World Economic Forum, by the year 2030, 40% of Indians are predicted to live in cities. Increasing urbanization is contributing to the increased demand for real estate, and therefore rise in construction, which elevates the demand for distemper. Increasing construction activities for building high-quality housing and surging renovation & maintenance activities in old buildings is further boosting the demand for distemper through 2027.
The sudden outbreak of COVID-19 adversely impacted infrastructural activities as the government mandated the halting of non-essential activities. However, post lockdown, the market recovered with the opening up of the paint and coating business and other industries. In light of growing awareness related to hygiene, many key players have launched new anti-bacterial or anti-viral products. For instance, Asian Paints Limited has introduced Royale Health Shield, a revolutionary product that helps consumers maintain good hygiene standards and bacterial protection for their homes. Moreover, in September 2020, Kansai Nerolac Paints (KNPL) developed India’s First Anti-Viral paint – Excel Virus Guard, an interior emulsion paint with active anti-viral and anti-microbial properties that repels 99.9% germs.
Browse 30 market Figures and 5 market Tables spread through 124 Pages and an in-depth TOC on “India Distemper Market”
India Distemper market is segmented into type, method of application, application, resin type, color, painting, regional distribution, and company. Based on type, the market is further fragmented into the Oil Based Distemper, Dry Distemper. Based on Resin Type, the market is divided into Acrylic, UNO Acrylic, and Synthetic. Acrylic distempers dominate the India Distemper Market, accounting for a share of 63.71% for the base year 2021 due to the increasing demand for acrylic distempers across the country. Acrylic distemper provides many advantages, such as longer life expectancy and strong retention properties. It dries quickly, resulting in less time consumption in the painting process. Owing to the advantages mentioned above, many companies are offering acrylic distempers across the country.
Leading companies operating in the distemper market of India include :
- Kansai Nerolac Paints Limited
- Asian Paints Limited
- Berger Paints India Limited
- Nippon Paint (India) Private Limited
- Indigo Paints Ltd.
- Shalimar Paints Limited
- Divine Paints
- AkzoNobel India Ltd.
- Eureka Paints
- Arosun Paints & Coating (India)
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“The demand for economy range products such as distemper paints is continuously growing at a higher range in Tier 2 – 4 cities. These geographic regions provide significant opportunities for growth owing to the growing disposable income and increased awareness among consumers in Tier 2 – 4 cities and rural households. Such consumers are giving more meaning to aesthetics, change in looks, and the appearance of their premises at regular intervals, which has significantly reduced the repainting cycle in these cities. Distemper paints are primarily used in smaller towns and rural regions as they are cheap and can provide better coverage in just two or three coats. Moreover, developing infrastructure in Tier 2 – 4 cities is anticipated to fuel the demand for distemper paints in these cities.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Distemper Market Segmented By Type (Oil Based Distemper, Dry Distemper), By Method of Application (Paint Brush, Roller, Spray), By Application (Exterior Walls, Interior Walls), By Resin Type (Acrylic, Synthetic, and UNO Acrylic), By Color (White, Blue, Yellow, Green, Pink, Others), By Painting (Re-Painting, Fresh Painting), By Region, Competition Forecast & Opportunities, 2017-2027” has evaluated the future growth potential of India Distemper market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Distemper market.
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