Welcome Guest to Coatings World    Login || Register
Last Updated Thursday, October 23 2014
Print RSS Feed

RNCOS Analyzes Demand for Automotive and High Performance Coating in Indian Paint Market



Published November 18, 2013
Related Searches: Corrosion
The industrial paint market in India is being driven by automotive and high performance coatings. The auto industry in India is showing signs of pickup with car sales of 133,486 in August in 2013, up 15.4 perent from a year ago, according to Society of Indian Automobile Manufacturers's (SIAM) data quoted in a recent daily. Moreover, a higher demand from rural India will help also to boost the revenues of automobile industry and hence the industrial coating industry in the short to medium term.

According to the latest report by RNCOS "Booming Paint Industry in India", both automotive and high performance coating are witnessing huge demand and are witnessing huge growth. Several properties of automotive paints like resistance to high stresses like rain and UV radiation, heat and cold, gravel from the road and the brushes during the car wash, are providing an edge to this type of coating over other industrial paints. In addition, a high performance coating also provides superior performance properties, like corrosion and wear-resistance. Thus, these two categories will continue to drive the industrial paint market in the country.

The report "Booming Paint Industry in India,” has provided an insight on the paint market by dividing the market into decorative and industrial paints, with market forecasts up to FY 2015-16 for various components along with their segments. Further, the components of the decorative market have been divided into various sub-segments. The report has also provided a detailed overview of the raw materials and the trade scenario in the paint market. In addition, macroeconomic indicators and trends affecting the industry have been identified to give a clearer picture of the industry. Profiling of major players in the paint market has also been provided with an emphasis on their product portfolio, key financials and industrial activities, in order to track the transformations happening in the industry.


blog comments powered by Disqus
Receive free Coatings World emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Company Spotlight
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
US
View Profile
Siltech Corporation
225 Wicksteed Avenue
Toronto, ON, M4H 1G5
Canada
View Profile
Lubrizol Advanced Materials, Inc.
9911 Brecksville Road
Cleveland, OH, 44141
US
View Profile
Micro Powders, Inc.
580 White Plains Rd.
Tarrytown, NY, 10591
US
View Profile
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
View Profile
Shamrock Technologies, Inc.
Foot of Pacific Street
Newark, NJ, 07114
USA
View Profile
AZ Electronic Materials Co., Ltd.
No. 458-6, Sinsing Road Hu Kou Township Hsinchu Country 303, Taiwan
Hsinchu Country, Taiwan, 303
Taiwan
View Profile
Houchi Chemical Co., Ltd
No.56, Fu Chow Street
Taipei, Taipei, 100
Taiwan
View Profile
Keeneyes
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
R.O.C.
View Profile
Follow Coatings World On