Incorporated in the year 1989, Aerol manufactures 300 chemical products at its manufacturing facility in Haryana. It has two automatic aerosol filling lines, chemical processing
JSW Group, headed by Sajjan Jindal is planning to venture into paints sector. The company which is into cement and TMT bars sees it as a natural progression into paints. However, the company will initially enter the industrial paints segment which are used for special coats for steel. The company may float a new brand and the manufacturing plant could be set up in Dolvi in Maharashtra. As of January 2016, the project is in planning stage and finer details are yet to be finalized.
Indian Paint industry is estimated at Rs. 100 billion. It is dominated by organized players with 26 units across India. The organized sector dominates the decorative segment while unorganized sector caters to allied products like varnishes, thinners, undercoats, epoxies and additives. The unorganized sector has around 2000 tiny units across India with an estimated production of 0.5 million tonnes. The industry is expanding and upgrading its technology to match global standards.
Asian Paints is the market leader with 44% market share followed by Nerolac and Berger Paints. With industry growth in infrastructure the paint industry is likely to grow at 10-15% in the next 5 years.