The report also contains a systematic analysis of the competitive landscape of the global construction paints and coatings
A Profile of the Indian Paint Industry" gives an insight into the market changes in the past few years, as well as outlining the key trends affecting nine mainstream paints and coatings
segments: architectural/decorative, industrial wood coatings, protective coatings, marine coatings, automotive OEM coatings, automotive refinishes, powder coatings, general industrial coatings (including coil coatings) and plastic coatings.
Architectural and decorative paints and coatings
are used mainly applied on interior and exterior walls of houses and corporate buildings.
With improvements in standard of living and growth in awareness about paints and coating
, the Indian consumers have become more conscious about how the house interior and exterior looks.
The industrial paints and coatings
market is expected to grow fastest, with a CAGR of 4.
1% of the worldwide demand, residential buildings were the largest end users of paints and coatings
in 2012, followed by commercial buildings.
Low-cost, performance-driven products are crucial at this stage to improve the uptake of industrial paints and coatings
by end users and garner a substantial share of the market.
However, the health and environmental concerns regarding the VOC content released from paints and coatings
are anticipated to hamper the growth of the paints and coatings
The paints and coatings
industry can be categorized into three markets: architectural/decorative, industrial OEM and special purpose coatings.
Interviews were conducted with Chinese industry experts, university professors, and paints and coatings
producers in China.
Analyze specific markets for consumption of paints and coatings
in different regions.
1 FI - Number of Paints and Coatings