Project Report
Paints, Pigments, Enamels, Varnishes, Solvents, Thinners, NC Thinner, Decorative, Domestic, Automotive, Textured & Industrial Paints, Wall Coatings, Primer, Protective Coatings, Wood Primer, Fillers, Undercoats, Putty, Epoxy Paints, Paint Additives
Paints and their allied products like enamels, varnishes, pigments, printing inks and synthetic resins protect national assets from corrosion. These are increasingly being used in automotive, engineering and consumer durable sectors. Thus, economic development has a direct bearing on the paint industry. The paint industry is constantly upgrading its technology to meet the changing needs of the consumers.
The industry is broadly divided into two segments-decorative and industrial paints. The decorative paints which accounts for 75 per cent of the organized sector, are meant to protect valuable assets like buildings. This market is highly price sensitive. The industrial paints accounts for the rest 25 per cent share and are meant to protect white goods appliances from corrosion.
The size of the paints industry in India is around Rs 95 billion. The current demand is estimated at 650,000 tonnes per annum. This industry is seasonal in nature. There are around 26 paint units in the organized sector, accounting for around 65 per cent of the total output. The unorganized sector has about 2000 units. The total output at present is of the order of 4.5 lakh tonnes.
Major players in this sector includes Asian paints which has a market share of 44 per cent, followed by Kansai Nerolac 20 per cent, Berger paints 17 per cent, ICI 12 per cent and Shalimar paints 4.4 per cent and others 2.6 per cent. Today a number of foreign players have subsidiaries in India. Berger is strong in decorative segment and is the leader in protective coatings. Kansai Nerolac is the leading player in automotive OEM finishes and powder coatings. ICI (India) is a major player in decorative emulsion segment. The industrial paints market is valued at Rs 21 billion.
India’s paint industry has a bright future. The Indian paints market has the potential to grow over the next decade at 15 to 20 per cent per annum owing to more investments in the housing segment and improving infrastructure ,high growth in the Indian automobile industry , etc. which in turn would mean greater demand for paints, as most people aspire for better lifestyle. Moreover the per capita consumption is also low. The demand for premium-category paints is likely to increase with rise in construction of commercial infrastructure. The players with aggressive marketing strategies and comprehensive product portfolios will grow at a faster rate. The emerging trends in technology and marketing indicate that the industry is likely to consolidate in the coming years with industry leaders improving their market share.
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This report helps you to identify a profitable project for investing or diversifying into by throwing light to crucial areas like industry size, market potential of the product and reasons for investing in the product
This report provides vital information on the product like its characteristics and segmentation
This report helps you market and place the product correctly by identifying the target customer group of the product
This report helps you understand the viability of the project by disclosing details like machinery required, project costs and snapshot of other project financials
The report provides a glimpse of government regulations applicable on the industry
The report provides forecasts of key parameters which helps to anticipate the industry performance and make sound business decisions.
Our Approach:
Our research reports broadly cover Indian markets, present analysis, outlook and forecast for a period of five years.
The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players
We use reliable sources of information and databases. And information from such sources is processed by us and included in the report
Reasons for buying our reports
- This report helps you to identify a profitable project for investing or diversifying into by throwing light to crucial areas like industry size, market potential of the product and reasons for investing in the product
- This report provides vital information on the product like its characteristics and segmentation
- This report helps you market and place the product correctly by identifying the target customer group of the product
- This report helps you understand the viability of the project by disclosing details like machinery required, project costs and snapshot of other project financials
- The report provides a glimpse of government regulations applicable on the industry
- The report provides forecasts of key parameters which helps to anticipate the industry performance and make sound business decisions.
Our Approach
- Our research reports broadly cover Indian markets, present analysis, outlook and forecast for a period of five years.
- The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players
- We use reliable sources of information and databases. And information from such sources is processed by us and included in the report
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