Indian paint market demand will grow in the next few years

U.S. market research agency AC Nielsen recently released a forecast report, about the Indian paint industry status and future development.The report said,the year 2011,India's domestic paint market size is 260 billion rupees,and in 2016 it will reach 500 billion rupees,there is an increase of 92.30% from 2011.According to statistics,in 2011 the paint sales volume of 310 million tons,including 2.4 million tons of decorative and industrial 700,000 tons.The coatings per capita consumption is 2.57 kg.

Industry insiders said that the middle-income class consumption continued to expand is the key to stimulating the growth of Indian paint market.Automotive and infrastructure construction industry demand for industrial coatings are also expected to continue to grow.

By Betty