Published on December 1, 2015
Indian paint industry is expected to surge to about Rs.62000 crore by the end of 2016, All the Industry players are very optimistic for accomplish the projected escalation.
Presently the growth in the market is going to be driven by emergence of the middle class in India, increase in the inclination to spend and growing young population tending to stay in nuclear families.
Recently during festive seasons as compared to other periods demands for decorative paints take place from household paintings, architectural and other display products. The demand for industrial paint is going to be driven by the raise in the automobile industry and augmentation in infrastructure in India.
Market players have said that coating sector in India is growing with a rapid velocity in recent times and in near term paint market will achieve significant escalation. Some market participants are working on the new attractive products which will enhance the demand prospects from house hold and architectural sectors.
