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The document provides a history of the paint industry from its origins over 30,000 years ago to modern times. It discusses how the industry developed in the US starting in the 1700s and grew with the Industrial Revolution. The Indian paint market is then analyzed, which has grown at 13% annually but per capita consumption remains low compared to other countries. The market is dominated by decorative paints and the top 4 companies have over 55% share. Future growth of 15-20% annually is expected as incomes r

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