Welcome Guest to Coatings World    Login || Register
Last Updated Tuesday, September 23 2014
Print RSS Feed

Indian Paint Market expected to reach 49,545 INR Crs by 2016-2017: IPA Study



Published January 21, 2013
Related Searches: Low VOC
 The Indian Paint Association (IPA) recently hosted the 26th Indian Paint Conference in Mumbai.  The theme for this year’s conference was Coating 2020 – Future Redefined.

In order to have a better understanding of the paint market in India, IPA, appointed AC Nielsen to undertake a detailed and comprehensive study to estimate the size of the market, both in decorative and Industrial paints. "Indian Paint Market – Size & Future" coating industry’s latest report by AC Nielsen was unveiled at the conference. This report covers the estimated trends in different product categories with an in-depth analysis of the end user market in the decorative paints segment.

Key highlights of the Study by IPA & AC Nielsen:

Indian paint market is expected to reach 49,545 INR Crs by 2016 – 17, decorative market will continue to grow and would have higher share compared to industrial paints.
Overall paint value market is estimated at 26,040 INR Crs for FY 2011-12. Share of decorative paint is 18,490 INR Crs (71%) and share of industrial paint is 7,550 INR Crs (29%)
Overall paint volume market is pegged at 3.11 million MT, share of decorative is 2.405 (77.3%) and industrial 0.705 (22.7%) Million MT
Per Capita consumption of paint is estimated at 2.57 kgs for FY 2011-12
High growth witnessed for exterior emulsion, interior emulsion, wood coatings in comparison to 2007-2008 Nielsen Survey
Use of water based paints is growing in the Indian paint market, new trends are catching up including paints with low VOC, no added Lead, Mercury, Chromium, odourless paints
Industrial paint market – in terms of growth rate, high growth witnessed for Auto OEM, Protective, Powder coating and Auto refinish paints in comparison to 2007-08 Nielsen Survey

Speaking on this occasion, Ramakanth Akula, president-decoratives, Nippon Paint (India) Private Limited & President-IPA said, “With more than 100 years of knowledge and expertise from its dedicated members, the Indian Paint Association has played a crucial role in shaping up the Indian Paint Industry. After an overwhelming response from the government, the paint industry, trade partners, research and RnD technologists and other stakeholder’s year on year, the Indian Paint Association is glad to announce the 26th edition of the Indian Paint Conference.”

The three-day conference featured sessions on Global Coatings Trends, Shaping Sustainability Concepts in Coatings, Shifts in Consumer Profile, Performance Coating Opportunity for India amongst others by the senior management from A.T Kearney, DuPont,  Toyota, Dow Chemicals, BASF, Asian Paints, Kansai Nerolac Paints Ltd, Tata AutoComp Systems, Berger Paints and Akzo Nobel. The conference had participation from more than 270 associates and 75 paint companies including Asian Paints, Kansai Nerolac Paints Ltd, Berger Paints, Nippon Paints, Akzo Nobel and Premium Coatings.


blog comments powered by Disqus
Receive free Coatings World emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Company Spotlight
Shamrock Technologies, Inc.
Foot of Pacific Street
Newark, NJ, 07114
USA
View Profile
Lubrizol Advanced Materials, Inc.
9911 Brecksville Road
Cleveland, OH, 44141
US
View Profile
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
View Profile
Keeneyes
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
R.O.C.
View Profile
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
US
View Profile
AZ Electronic Materials Co., Ltd.
No. 458-6, Sinsing Road Hu Kou Township Hsinchu Country 303, Taiwan
Hsinchu Country, Taiwan, 303
Taiwan
View Profile
Houchi Chemical Co., Ltd
No.56, Fu Chow Street
Taipei, Taipei, 100
Taiwan
View Profile
Micro Powders, Inc.
580 White Plains Rd.
Tarrytown, NY, 10591
US
View Profile
Siltech Corporation
225 Wicksteed Avenue
Toronto, ON, M4H 1G5
Canada
View Profile
Follow Coatings World On