Published on August 20, 2014

With declaration of results for the third quarter, many paint manufacturers has recorded good profit margin. Demand has improved for the paint related products paving the way for the growth of the industry. Industrial paints segments like protective coating segment has witnessed an appreciable growth and rise in demand. Decorative segment has been gaining more and more popularity in the urban areas. Government’s scheme for more urbanization and development has boosted the moral of paint industry and has encouraged their sales in various category.

People in India are looking for premium category of produces. To target such niche segment international players in this category are invading Indian markets. They find it very lucrative and have even got positive hopes for the Indian economy. They believe that scenario has been completely different compared to last year’s slowdown. Indian economy is reviving although on slow pace but has the potential enough.

Chemicals used in paint segment like Toluene, Ortho Xylene and other petroleum products are operated at steady level.  Prices are on the lower margin and are expected to remain steady till the end of September. Market for chemicals is bit slow due to inception of festival season in India. On other side monsoon has now completed its session in most of India and Indian audience will opt for painting or renovation in this period.