Applying distemper is more cost-effective than the other alternatives, says report
The Indian Distemper Market, valued at US$627.9 million (Rs.4,714.50 crore) in 2021, is anticipated to project a robust growth of 11.23% CAGR from 2017-2027, according to a report by ResearchAndMarkets.
Key driving factors for the Indian Distemper Market for the next five years are the ongoing construction activities, increasing expenditure capacity of consumers on household and introduction of sustainable products, said the report released 5 Apr 2022.
Improvement in the economic condition and rapid infrastructure development to upgrade the existing infrastructure to boost the country’s development is playing a crucial role in accelerating the growth of the Indian Distemper Market.
Distemper is available in a wide range of colors, and they enhance the aesthetic appeal of walls by giving the wall a matte finish.
Also, applying distemper is more cost-effective than the other alternatives, said the report.
Market players are making high-end investments in the research and development activities to find innovative solutions and make distemper more environment-friendly which is expected to create numerous growth opportunities for the Indian Distemper Market in the forecast period.
The surge in the use of bio-based materials in the manufacturing process and green technology adoption is expected to influence the market demand positively.
However, the presence of toxic elements in the distemper poses a threat to the environment, which may hinder the market growth in the forecast period.
Oil based distemper is leading the market, holding a market share of 73.21% in 2021, and is expected to maintain its dominance throughout the forecast period. Oil based distemper is a high-quality, decorative, and affordable distemper compared to dry distemper. It is easy to apply and dries quickly.
Market players are introducing oil-based distemper in various shades and high quality to attract consumers attention.
Major market players:
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). fiinews.com
