# Paints and coatings: Trading

Why paint has list prices, not a market price

Source page: https://www.materialinsights.org/chemicals/paints_coatings/trading/

What this tab covers How it is bought and sold: buyers and sellers, price benchmarks and who publishes them, exchanges, contract types, traders, how Indian buyers price it, recent price points, and good sources to follow.

#### Who buys, and where

- Paint is bought from local formulators; raw materials from China, South Korea, Taiwan, the Middle East and Europe

#### Who sells, and from where

- Through dealer and tinting networks (decorative), direct contracts (OEM, industrial, marine)

#### Price benchmarks

| Benchmark | Publisher | Basis |
|---|---|---|
| **No paint price benchmark; raw material benchmarks: TiO2 CFR China/India, butyl acrylate CFR China, VAM Asia** | ICIS; Argus; ChemAnalyst | weekly spot |

#### Exchanges

| Venue | Contract | Notes |
|---|---|---|
| **None** | no futures for paint | makers hedge only indirectly through crude or currency |

#### Contract types

- List prices to dealers with schemes and rebates
- Annual supply contracts with raw-material escalators for OEM and industrial
- Project tenders for protective and marine

#### Traders and distributors

- Not a traded commodity; raw materials move through distributors such as Brenntag, Univar and Indian chemical traders

#### How Indian buyers price it

- Brand list prices revised a few times a year; Asian Paints weighted increase about 7% in Q1 FY27 (PL Capital)
- Raw materials priced at import parity: TiO2 landed from China about Rs 2.05 lakh/t in the DGTR period (titanium_dioxide tile)
- DGTR anti-dumping duty on TiO2 from China raises input costs (titanium_dioxide tile)

#### Recent price points

| Date | Price | Basis | Source |
|---|---|---|---|
| Q1 FY27 (Apr-Jun 2026) | **about 7% weighted price increase** | Asian Paints decorative list prices | PL Capital, 29 Jul 2026 |
| FY2022 | **about 22% cumulative price increase** | Asian Paints decorative list prices | ICICI Direct Q2FY23 |
| 2025 | **$3,200/t** | TiO2 US average unit value (input) | USGS MCS 2026 via titanium_dioxide tile |

#### Good sources to follow
[Coatings World](https://www.coatingsworld.com)free newsletter · Rodman Media

global coatings industry news and annual top companies report
[PCI Magazine (Paint & Coatings Industry)](https://www.pcimag.com)free newsletter · BNP Media

Global Top 10 analysis, technology and market news
[Businessworld paints coverage](https://businessworld.in)free research site · Businessworld

Indian paint industry competition and growth
[Zona de Pinturas](https://www.zonadepinturas.com)free blog · Zona de Pinturas

paint industry rankings and news (Spanish and English)

## Other sections

- [Summary](https://www.materialinsights.org/chemicals/paints_coatings/index.md)
- [Overview](https://www.materialinsights.org/chemicals/paints_coatings/overview/index.md)
- [Correlation](https://www.materialinsights.org/chemicals/paints_coatings/correlation/index.md)
- [Production route](https://www.materialinsights.org/chemicals/paints_coatings/routes/index.md)
- [Production](https://www.materialinsights.org/chemicals/paints_coatings/production/index.md)
- [Feedstocks](https://www.materialinsights.org/chemicals/paints_coatings/feedstocks/index.md)
- [Cycles](https://www.materialinsights.org/chemicals/paints_coatings/cycles/index.md)
- [Movement](https://www.materialinsights.org/chemicals/paints_coatings/movement/index.md)
- [Regulation](https://www.materialinsights.org/chemicals/paints_coatings/regulation/index.md)
- [Characteristics](https://www.materialinsights.org/chemicals/paints_coatings/characteristics/index.md)
- [Emissions](https://www.materialinsights.org/chemicals/paints_coatings/emissions/index.md)
- [Relationships](https://www.materialinsights.org/chemicals/paints_coatings/links/index.md)