Indian Paint Market expected to reach Rs. 49,545 cr by 2017

Indian Paint Association, the apex body of the Indian paint industry, hosted the 26th Indian Paint Conference on January 18-20th, 2013, in Mumbai. The conference, Coating 2020 – Future Redefined, witnessed industry stalwarts converge to analyse 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. AC Nielsen unveiled coating industry’s latest report, Indian Paint Market – Size & Future, at the conference. According to the report, Indian paint market is expected to reach Rs. 49,545 crore by 2016-17, and overall paint volume market is pegged at 3.11 million tonnes.
The 3-day conference witnessed power packed sessions on global coatings trends, shaping sustainability concepts in coatings, shifts in consumer profile, and performance coating opportunity for India 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, to name a few. The conference also hosted a concurrent exhibition which allowed industry partners to interact and take benefits of new technologies on display.
The conference witnessed participation from over 270 associates and 75 paint companies including Asian Paints, Kansai Nerolac Paints Ltd, Berger Paints, Nippon Paints, Akzo Nobel, and Premium Coatings.

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