India's Paint Makers Optimistic on Growth for 2019-2021, an Industrial Info Market Brief

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Despite a slowdown in India's automotive sector, the nation's paint makers are optimistic about growth in the current fiscal year. Most of India's current demand for paint comes from original equipment manufacturers (OEM) in its automotive sector.

Two-wheelers have been the brightest spot for growth in India's auto sector, according to paint makers. The Indian paint industry expects to invest almost $229 million in new production facilities, and $328 million in the expansion of existing facilities, with further increases expected in coming years.

Click here for a list of related projects, and see graph below for a breakdown by project type.