Published on January 11, 2016

Indian paint market is estimated to attain 49,545 INR crore by 2016 - 17, presently decorative market is continue to grow and would have higher share compared to industrial paints.

Presently use of water based paints is growing in the Indian paint market. The rural sector has a major share of the decorative paints segment. Thus, any benefit to the rural sector for improving the dispensable income is directly co-related to the augmentation of the paint industry.

Launches of many innovative products are escalating the demand for paint industry in Indian market. Market players are working on the product development as per customer requirement.

Recently demand for premium paints are also escalating due to awareness about environment and increases in disposable income.

Market analyst said that Indian paint industry is growing with a good rate of knot. With the innovative product development demand for Indian paints will be remarkable.