Paints & Coatings Market in India

Macro Outlook & Technology Trends, 2017

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The infrastructure push by the Government of India, particularly in policy support and investment participation will be instrumental in driving the growth of the Indian Paints and Coatings Market. Specifically schemes such as AMRUT and housing for all are likely to drive the demand for interior paints with a particular focus on medium and economy range products. However, low per capita consumption and an evolving regulatory scenario makes the Indian market landscape increasingly difficult to traverse. In this Industry Docket, Frost & Sullivan discusses the key trends and drivers of this market, and provides insights into the key focus products and segments for paints and coatings companies. This Industry Docket aims to be a top-level guide to help CXOs set their strategic posture with a focus on the future.

Table of Contents

Paints & Coatings Market in IndiaFrost & Sullivan AdvisoryThe Global Growth Story to ContinueSnapshot IndiaDecision Maker’s SpotlightScope & LimitationsScope & LimitationsGlobal BriefPaints & Coatings Industry expected to grow at 6.2% led by APAC marketsEnd-user environment concerns mandate innovation; Globalization compels product differentiation and market penetrationRegulations expected to increase adoption of water-borne and high solids coatings Market Outlook: IndiaWith a projected CAGR in the 13-14% range, the paints and coatings market provides immense opportunity for penetration in IndiaWater-based coatings are expected to witness faster growth…Mega Trends & their ImpactIndia Inc., should realize full potential of the Indian revival story by 2018Infrastructural impetus in the Industrial sector to drive GDP growth in near future resulting in increased consumption of CoatingsGrowing middle class and housing demand to drive decorative coatings segment …Cities will account for 70% of India’s GDP in 2030Key growth centers for decorative paints: emerging mega cities and very large villagesIntegrated mobility solutions are expected to tilt automotive sales further toward new car sales thereby driving demand for auto coatingsOEM coatings likely to witness faster growth compared to refinish coatings in next 3-5 years…The Industry going Forward Sustainability, Functionality and Globalization are the major trends driving technological innovations in the industryUpcoming Advanced Technologies in Paints Self-healing, sensor, super hydrophobic and anti-corrosion coatings applicable in a variety of industriesAnnexure: Our ServicesMaximize opportunities from existing products and markets; systematically explore new products, markets, including inorganic OpportunitiesOur Growth Consulting CanvasLegal Disclaimer




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