´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.
Kansai Nerolac, one of IndiaÆs leading players in the paint industry has launched its first Nerolac Impression Shoppe in Mumbai. The store offers latest colour trends with a wide variety, unique designer finishes and expert consultancy.