Published on August 3, 2015

At present paint sector is growing with a rapid velocity due to growing demand for biodegradable packaging products. Water based coatings are used in the quick service restaurant sectors, where packaging is high-volume and recycling streams are inefficient. Water based coatings can be readily removed while recycling or the coated product can easily decompose.

As per the market report the paint sector is anticipated to nurture around Rs 500 billion till the end of 2018. Previous year was challenging for the market players due to lackluster demand and rising inflation but now industry is rising with a improved rate of knot.

Recent report said that demand for acrylic coating is also escalating due to increasing preference for hybrid coatings. This coating is exceptionally durable and it is fade resistance and non-yellowing high gloss finish. This kind acrylic of coating is expected to gain wide acceptance in near term.

According to the market predictors as the construction and automobile sectors is moving rapidly demand for paints also will take an affirmative move. Especially powder coatings and high performance coatings will also propel topline growth of paint majors in the medium term.