Top 10 Paint Industries in Bangladesh: Market Share, Economic Growth & Career Prospects for Chemistry Graduates

The paint industry in Bangladesh has seen remarkable growth, driven by urbanization and construction. According to the IDLC Monthly Business Review (2020), the market size was estimated at USD 471 million, with an annual growth rate of 6% (IDLC, 2020). The sector presents significant career opportunities, especially for chemistry graduates. This article examines the top 10 paint companies, their market share, financial growth, and employment prospects.

1. Berger Paints Bangladesh Ltd.

• Market Share: ~54% (Market Leader) (Coatings World, 2021)

• Economic Growth: Revenue of BDT 18,820 million (USD 221 million) in FY 2020, ~6% growth (IDLC, 2020).

• Career Opportunities: Offers R&D, quality control, and production management roles for chemistry graduates.

2. Asian Paints Bangladesh Ltd.

• Market Share: 18% (Brand Practitioners, 2021)

• Economic Growth: Invested USD 20 million in a new plant at Mirsarai Economic Zone (IDLC, 2021).

• Career Opportunities: Positions available in product development, technical services, and quality assurance.

3. Kansai Nerolac Paints Bangladesh Ltd.

• Market Share: 7% (Coatings World, 2021)

• Economic Growth: Entered the market in 2018 via a USD 7 million acquisition of RAK Paints (ResearchGate, 2020).

• Career Opportunities: Focuses on R&D, formulation, and technical support roles.

4. Elite Paint & Chemical Industries Ltd.

• Market Share: 6% (Brand Practitioners, 2021)

• Economic Growth: Established in 1952, continues to be a leading local brand (IDLC, 2020).

• Career Opportunities: Provides opportunities in product development, quality control, and manufacturing.

5. Nippon Paint Bangladesh Ltd.

• Market Share: 5% (Coatings World, 2021)

• Economic Growth: 20% annual growth, operates 8 depots with 2,000+ dealers (IDLC, 2021).

• Career Opportunities: Roles in R&D, technical sales, and quality assurance.

6. Roxy Paints Ltd.

• Market Share: 7% (Brand Practitioners, 2021)

• Economic Growth: A steady player in decorative and industrial coatings (IDLC, 2021).

• Career Opportunities: Engages chemistry graduates in formulation, product testing, and QC.

7. Rainbow Paints

• Market Share: 4% (Coatings World, 2021)

• Economic Growth: Established in 2016 under RFL Group with a focus on R&D (ResearchGate, 2020).

• Career Opportunities: Opportunities in R&D, technical services, and quality assurance.

8. Aqua Paints

• Market Share: 2% (IDLC, 2021)

• Economic Growth: Specializes in specialty chemicals and coatings (Brand Practitioners, 2021).

• Career Opportunities: Offers roles in chemical analysis, product development, and QC.

9. Pailac Paints

• Market Share: 5% (Coatings World, 2021)

• Economic Growth: Consistent presence in the market with decorative paints (IDLC, 2021).

• Career Opportunities: Jobs in production, quality assurance, and technical support.

10. Uzala Paints

• Market Share: Part of the 13% market share held by local brands (Brand Practitioners, 2021).

• Economic Growth: Emerging player with a focus on quality and affordability (ResearchGate, 2020).

• Career Opportunities: Engages chemistry graduates in formulation and quality testing.

The Bangladeshi paint industry provides diverse career opportunities for chemistry graduates in R&D, quality control, production, and technical services. With continued market expansion, these roles offer long-term growth and professional development in a dynamic sector.

Sources:
1. IDLC Monthly Business Review (2020, 2021)
2. Coatings World Industry Report (2021)
3. Brand Practitioners (2021)
4. ResearchGate (2020)