Published on November 10, 2014

Rising awareness regarding multiple benefits of smart coatings is raising the demand of product in Indian markets. One of the leading paint manufacturers of India, Asian Paints have again reported another quarter of robust numbers and posted 17% increase in revenues for the second quarter of financial year 2014-15 compared to the corresponding quarter of last fiscal.

In addition to the fall in crude prices, Asian Paints should also benefit from the increase in paint consumption due to the domestic economic revival and improved consumer sentiments at fast pace. Decline in the crude oil prices is giving positive impact to the paint manufacturers as the prices of raw material have reduced. Source said that most of the buyers have adopted the wait and watch policies as they are expecting that the products prices further will go down in near future.

Presently Architectural markets and increased motor vehicle production is boosting the demand of coating world in India. Industry analysts said that recently there are number of factors driving the Paint market. Manufacturers noted that improved efficiencies in terms of light weight products and better application are the keys to growth in this high tech market. Currently market players are looking for the lighter weight coating system and faster product drying times to beat the competition in the market.