The trade value of the country's paint industry was over 57 trillion Indian rupees and is the second largest industry globally. According to the Industry experts, the annual growth rate of the industry is expected to be about 12% CAGR.
The Indian adhesives and sealants market is growing at an estimated CAGR of 8.07%. Major factors driving the market studied are increasing demand from the packaging industry and the growing construction industry in the country.
India is now a major lubricants market & the industry size is estimated to be 2.8 MMTPA & is expected to grow at a rate of 5-7% CAGR. The industry consists of Automotive lubricants, Industrial Oils, Transformer Oils, White Oils , Process Oils & Greases.