Indias share in the world paint market is just 06. Paints and coatings industry is broadly classified into Decorative Paints Industrial Coatings.
The economic context In contrast to the economic downturns in Mexican and Asian regions of the 1990s.
Per capita paint consumption in india. Indias per capita paint consumption increased by a CAGR of 68 in the last seven years from 26 kg in fiscal 2012 to 41 kg in fiscal 2019. The per capita consumption of paints and coatings at 4kg as against global per capita consumption of 15kg provides immense opportunity for market penetration in India. And prudent macro policies.
On a value basis it is likely that growth will be even higher as a result of the increased production of relatively higher-value coatings. 1102017 For FY 2014-15 per capita consumption of paint in India was estimated at 334 Kg High growth is witnessed for Exterior and Interior emulsions in the. Organized sector in India controls 70 of the total market with the remaining 30 being in the hands of nearly 2000 small-scale units.
1212021 Compared to the global average consumption of 14 kg per capita the per capita consumption of paints in India is low indicating a significant opportunity for. Growth rate is a strong 076xpaint industry volumes grow 1520x Indias GDP. Manufacturing sector has the potential to reach US 1 trillion by 2025 and India is expected to rank amongst the three growth economies and manufacturing destinations of the world by 2020.
AC Nielsen report on the coating industry for 2011-12 which was highlighted at the 26 th Indian Paint Conference held in Mumbai in January 2013. The per capita consumption of paints in India is still low at 1 kg while it is 517 kg in Qatar 38 kg in Singapore and 258 kg in the US. 10212013 The per capita paint consumption estimated to be 257 kg likely to go up to 4 kg in 2016 Source.
Around 650000 tons per annum and is seasonal in nature. The paints and coatings sector is fairly organised and the organised sector accounts for roughly 65 of the total market. Both domestic and international paint manufacturers hope to leverage that potential into real sales value as consumers in the country become more able and willing to buy their products.
The best prospects for growth are in China 56 average annual growth India 6 Poland 34 and Saudi Arabia 4045. Ad Choose from 2M Verified Suppliers. These factors expected to significantly boost industrial paint consumption.
The per capita consumption of paints in India stands at 10-kg pa. We anticipate GDP to surge to 75 54 63 and 75 in FY15 FY16 and FY17 riding on a. As compared to 16 kg in China and 22 kg in the developed economies.
The Indian Paint industry can be divided as. The increasing GDP per capita and a growing middle class are expected to raise per capita paint consumption from 4kg to 6 7kg by the year 2020. 962016 The per capita consumption of paints in India has been estimated to be 323 kgs during 2015-16 which is much lower in comparison to some of the other developed economies around the world providing immense opportunities for growth for the paint industry.
India and Brazil saw lower demand for new cars in 2008 and 2009 than in 2007 their new vehicle sales continued to grow during the crisis. Indian per capita consumption of paints is at 05 kg per annum if compared with 4 kgs in the South East Asian nations and 22 kgs in developed countries. Even China has a per capita consumption of 25 kg and Sri Lanka 35 kg.
India has one of the lowest per capita paint consumption at 1kgannum as against 15-25kgannum of a few of the developed countries while for the few countries like US Japan etc per capita consumption is more than 25 kgannum. Paint Market Growth 2004-2008 Per Capita Consumption Paint Market Growth Rate versus Per Capita Consumption Low paint consumption markets have a higher potential for growth from domestic demand High paint consumption markets typically are pioneers of new coating technologies Paint Market Growth Rate 2004-2008 APAC 4-45kgperson. Per capita consumption of paints in India is around 25 kg.
812008 With per capita paint consumption currently at one of the lowest levels in the world India presents the coatings industry with a vast market potential. Total global growth should be about 4 per year. THE GLOBAL PAINT AND COATINGS INDUSTRY.
The decorative paint market is expected to grow at a CAGR of 13 while the industrial paint market is expected to grow at a CAGR of 99 by 2024. Ad Choose from 2M Verified Suppliers. GDP per capita and coatings consumption per capita.