A Profile of the Indian Paint Industry, 3rd ed.

Anti-Corrosion Methods and Materials

ISSN: 0003-5599

Article publication date: 21 March 2008

Citation

(2008), "A Profile of the Indian Paint Industry, 3rd ed.", Anti-Corrosion Methods and Materials, Vol. 55 No. 2. https://doi.org/10.1108/acmm.2008.12855bac.003

Publisher

:

Emerald Group Publishing Limited

Copyright © 2008, Emerald Group Publishing Limited


A Profile of the Indian Paint Industry, 3rd ed.

Article Type: Conferences, training and publications From: Anti-Corrosion Methods and Materials, Volume 55, Issue 2.

Information Research (IRL) has published a new report on the Indian paint and coatings market. The study points to phenomenal growth prospects for the Indian paint demand, which is now estimated at 1.22 million tonnes. Data in the report indicates that the entire Indian paint and coatings market will reach around two million tonnes at the start of the next decade.

As construction projects get under way in India in a big way, the market is becoming even more entrenched with architectural coatings, which according to this analysis, account for about 81 per cent of the total market. Every sub- segment of the Indian architectural coatings market now demonstrates double-digit percentage growth. Given average segment growth of around 16 per cent pa for the five years to 2011, the Indian decorative coatings market alone will amount to more than two million tonnes in that year.

The industrial coatings sector in India is also expected to demonstrate strong growth of the order of about 17 per cent pa. This growth is underpinned by construction and infrastructure on the one hand and consumer goods demand on the other:

  • Many protective coatings applications are likely to benefit from growth, including refineries, power stations, irrigation, power stations, chemicals and civil infrastructure. Civil infrastructure applications will have a vital role to play with the construction of more (and better) roads in India.

  • With incomes rising, white goods and their impact on living standards will extend strong growth to the powder coatings segment.

  • The automotive OEM coatings sector is growing at an average of 15 per cent pa. Almost all forms of transport are good for growth India and buses and goods vehicles will be strong growth markets in the future as infrastructure improves. The market study also evaluates the prospects for some smaller segments of the Indian coatings market, such as can coatings and marine paints.

  • The Indian marine paint sector has some way to go to reach its full potential. Major multinational paintmakers are expected to be the winners eventually because smaller Indian paint companies will not be able to compete on technological or stocking grounds. Fishing fleets, trawlers and the maintenance of craft such as these can be expected to be an important area of development for the smaller Indian paint makers. Indian ports are already being developed and will add further leverage to the sector in the coming years.

  • The canning industry in India is in need of new technologies, although at the same time some new can coating technologies are being introduced. As always, competing packaging materials put the brake on runaway growth in the canning market. The full potential of this market is likely to be demonstrated when multinational soft drinks manufacturers establish themselves better in India. Key products which are canned in India include beer, baby food, fruit juice, pesticides and paint with much less emphasis on fruit and vegetables, which are preferred fresh.

A Profile of the Indian Paint Industry, 3rd ed., has the following contents:

  1. 1.

    Foreword.

  2. 2.

    Executive summary.

  3. 3.

    Background.

    • Economic and demographic data.

    • Climatic data.

    • Industry review.

  4. 4.

    Industry review.

    • Mergers and acquisitions review.

    • Investment review.

    • Technology licences and agreements.

  5. 5.

    The organised sector of the Indian paint industry

    • Profiles of the leading paint companies with plant locations and capacities where available.

  6. 6.

    The medium and small-scale sector of the indian paint industry.

    • Examines the development of the small-scale sector, complete with SWOT analysis of the sector.

    • Profiles/mini-profiles of 30+ paint companies (all sizes and activities).

  7. 7.

    Indian paint statistics.

    • Paint production.

    • Foreign trade in paints and coatings.

    • Balance of trade.

    • Consumption and per capita consumption.

  8. 8.

    Indian paint market data.

    • Architectural coatings.

    • Protective (heavy duty) coatings.

    • Automotive OEM coatings.

    • Automotive refinishes.

    • Coil coatings.

    • Can coatings NEW!

    • Marine paints NEW!

    • Powder coatings.

  9. 9.

    Indian Paint Associations and the IPRC.

  10. 10.

    Market Forecast to 2011-2012.

    • Detailed projection covering all segments in the decorative market and all sectors in the industrial market.

  11. 11.

    Directory of Indian paint companies.

A Profile of the Indian Paint Industry, 3rd ed. (120 pp. and 43 tables) is now available from IRL, price 2,200. Sections from the report, priced individually, will soon be available to purchase online at IRL's web site: www.informationresearch.co.uk