The Indian paints and coatings sector is growing at a healthy rate with several driving forces like industrialization, infrastructure development and growing automobile production providing impetus to the market. India is on the rise as a thriving manufacturing hub that has seen a massive advancement in the demand for industrial paints and coatings across areas of automotive, construction, aerospace, and marine over the past few years. The main element which supports the market growth is the growing automotive industry. With India's vehicle manufacturing booming, a high-end paint and coatings is needed for improving aesthetics, durability and resistance to corrosion. In addition, the highly regulated performance in the area of emissions and safety standards have forced automotive manufacturers to invest in the newest technology in coatings.
In addition, the construction industry which is yet another vital player in the development of the industrial paints and coatings industry in India is also a stakeholder. Urbanization and construction projects like highways, bridges, and metro lines are growing rapidly while at the same time there is a sharp increase in the need for protective coatings to protect structures from environmental degradation and corrosion. Secondly, the aerospace and marine industries are also promoting market growth. In the recent years, the defense modernization sector and the commercial aviation are the areas where a specific type of coatings is in high demand and offers protection against extreme temperatures, corrosion and abrasion. It has therefore contributed to the rising demand for maritime coatings that protect ships from corrosion and fouling.
In this issue, we acquaint you with the top companies in this field. After studying the industry landscape in-depth, Industry Outlook has zeroed in on the top companies that have excelled with their meticulous approach. Having proven their dedication in order to meet the customer’s expectations in an end-to-end manner, these companies have stood out from the crowd.
We look forward to receiving your feedback and suggestions.
