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Indian Paint Market to reach Rs495bn by FY17: IPA Study

The theme for this year’s conference Coating 2020 – Future Redefined; will witness industry stalwarts converge to analyze and redefine the future of coatings industry in India.

 

MUMBAI, (AJAY RAWAL) : Indian Paint Association (IPA), the apex body of the Indian Paint industry, is hosting the 26th Indian Paint Conference which is scheduled between 18th – 20th January 2013, at Hotel Grand Hyatt in Mumbai.  The theme for this year’s conference Coating 2020 – Future Redefined; will witness industry stalwarts converge to analyze and redefine the future of coatings industry in India.

 

In order to have a better understanding of the paint market in India, IPA, has 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 will also be unveiled at the conference. This report will cover 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 3.11mn MT, share of decorative is 2.405 (77.3%) and industrial 0.705 (22.7%)mn 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.

 

Talking to newsmen  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.”

 

“It gives us immense pleasure to host the 26th Indian Paint Conference this year. Through the various sessions and seminars, the conference will provide a common platform for the industry as a whole to congregate and deliberate on various issues concerning our industry,” said  Pravin Chaudhari, Director Kansai Nerolac Paints Ltd & Convener of 26th Indian Paint Conference.

 

The three-day conference will witness power packed 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, Akzo Nobel amongst others. The conference will also host a concurrent exhibition which will allow industry partners to interact and take benefits of new technologies on display.

 

The conference will witness participation from over 270 associates and 75 paint companies including Asian Paints, Kansai Nerolac Paints Ltd, Berger Paints, Nippon Paints, Akzo Nobel, Premium Coatings amongst others.

 

1 Comment on "Indian Paint Market to reach Rs495bn by FY17: IPA Study"

  1. Detail full report how to get for study ?

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