International markets：Indian paint market has tremendous opportunities

      Recently,the Indian market research company-Gyan Indian paint industry has released that a new market research report on the analysis.The report said,compared with other Asian countries,the per capita consumption of paint is low in India,the Indian paint market has huge growth potential.Currently,India's per capita consumption of 2.57 kg coating,far below the global and Asian 5 kg 20 kg per capita consumption standards.

     Indian paint market'S demand is about 3.1 million tons,which accounted for 71% of decorative paints,industrial coatings accounted for the remaining 29%.In recent years,these two industries emerged strong growth.Market demand for second-tier and third-tier cities is growing,in fact,its growth rate has exceeded the first-tier cities.

      With 2012 sales of $4.79 billion over the past five years and 13% CAGR,India is developing into one of the major markets in the world of paint and coatings industry.

      Data shows that the Indian paint market potential is huge,the period from 2013 to 2017,expected to grow at double-digit growth rates continuing to grow.Paint industry is expected to grow 14% CAGR to 2017 the market value of the more than 9 billion U.S. dollars,per capita consumption is expected to increase to 400 kg or more.

      At present,more and more inclined to use high-grade organic pigment to produce paints,heavy metals pigments are gradually being phased out,this is a new trend of changes.Adapt to this trend of enterprises will usher in significant business opportunities in the Indian paint market.Compared with other developing countries and regions,consumption of household paints in India at a low level,so the Indian paint market has tremendous growth potential.

By Betty