By Dr. Cameron Chai
A new market research report titled, "Indian Paint Industry Forecast to 2015", has been released by Reportlinker.com.
According to the report, the Indian paint sector has considerably developed in the last few years and several global players have shown interest in this market. The country continues to show a strong growth rate, which is supported by the rising level of disposable income and increasing demand from automotive, industrial and infrastructure sectors. Based on these factors, the industry is expected to achieve a CAGR of around approximately15% from 2012 to 2015. Similar to other fields, there are some challenges which affect the growth of the paint sector. For example, the industry largely depends on raw materials and hence, any variation in the availability of raw material results in considerable fluctuation in paint manufacturing costs.
The report includes a detailed analysis and the market forecast in terms of raw materials and divisions. It offers an overview of the major industry players, raw material segment analysis and insights on paint import and export market. The report also includes rising market trends and factors that drive the growth of the industry, as well as regulatory initiatives, which together strengthens the outlook of the Indian sector. In addition, it provides comprehensive information on the Decorative and Industrial Paint market along with data on its sub-segments, including automotive coating, powder coatings, emulsions and enamels.