´Cautiously optimistic´ is the best way to describe the outlook for the paints and coatings sector for the near term while the overall, long-term outlook is positive. Globally, the paint industry is equally made up of decorative products and industrial coatings.
The final coat that adds the finishing touches to any project will explain why the market size for paints has been growing at 15 per cent per annum in recent years. According to one estimate, the industry is expected to grow at 1.5 - 2 times the growth in GDP of the country in the coming years.
Since 1968, Asian paints has maintained its stronghold in the industry. With further plans for capacity expansion, which is already at an impressive 200,000 KL per annum, underway, and international JVs, the sky’s the limit for this company. On the anvil, is a Rs 750 crore investment for further capacity expansion.
For a country known traditionally for its riot of colours, India is understandably a natural market for paint manufacturing companies. Now with increased activity in the housing sector and projected demand for infrastructure projects,
Since its inception in 1942, Asian Paints has come a long distance to become India's largest and Asia's third largest paint company. Asian Paints operates in 17 countries and has 25 paint manufacturing facilities in the world
Santosh Nema is the COO for India, China and Bangladesh at RAK Ceramics based in the UAE. All the three countries under him are growing economies of the world where RAK Ceramics has manufacturing plants and significant investments.
Asian Paints is India´s largest and Asia´s third largest paint company. It has maintained its position of being a leader in the paint industry with a market share of 57 per cent, in spite of competition gaining momentum and volume pressure. The company, along with its subsidiaries, has operations in 20 countries across the world.