New Delhi, Feb 25 || India’s building materials market is expected to reach around $100 billion by 2030, driven by a robust 10–12 per cent compound annual growth rate (CAGR) over the next five years, from a $57 billion base in FY25, a report said on Wednesday.
The report from investment bank Avendus Capital said that fast moving electrical goods represent the largest opportunity, with wires and cables expected to grow at mid‑teens CAGR supported by grid upgrades, data centres, electric vehicle infrastructure and electronics manufacturing.
Paints and coatings are among the most organised and profitable segments, with 14–19 per cent EBITDA margins, while tiles and bathware benefit from export competitiveness, the report further said.
Indian tiles and bathware have around 15 per cent share of global tile exports by volume, underpinned by product sophistication, while wood panels are witnessing rising Medium Density Fibreboard (MDF) penetration from 20 per cent in FY20 to 30 per cent in FY25, with projections of around 45 per cent by FY30.
The surge in the wood panel market is driven by modularisation and shorter replacement cycles. Furniture fittings and architectural hardware is also undergoing a structural shift toward localised manufacturing, aided by backward integration and tighter regulatory norms.