Indian paint industry is anticipated to grow at a CAGR of around 12% during the forecast period of 2014-15 to 2019-20, says RNCOS.

Noida, UP -- (SBWire) -- 08/04/2015 --Indian paint market has been showing substantial growth for the past couple of years and caught the attention of many international players. The growth in the market is driven by emergence of the middle class in India, growing infrastructure, increasing demand from rural market and growing young population who are inclined towards a better standard of living. On the back of such advocacy, it is anticipated that the sector will post a CAGR of around 12% during 2014-15 to 2019-20, according to our new research report, "India Paint Industry Outlook 2020".

Research Analysis & Highlights

The report segregates paint industry into two types - Decorative and Industrial paints. The decorative paint market has been further segmented into emulsions, enamel and distemper paints. Similarly, the industrial paint market is also segmented into automotive coating, high performance coating, marine coating, powder coating and coil coating. Detailed historic and future perspective has been provided with all data forecasted till 2019-20.

The various types of decorative paints have been further analyzed to understand the market size and future potential of various sub-segments such as plastic emulsions, textured emulsions, synthetic enamels, acrylic distempers, etc. The report also classifies decorative paint market by product class which includes premium paints, mid-tier paints and economy paints.

Presently, the growth of the Indian paint industry is being witnessed from new demand pockets, especially in Tier-II and Tier-III cities, thus, signaling the growing acceptance of quality products among the masses. Our analysts have closely studied and provided market forecast till 2019-20 of all sub-segments and product class.

With the growth of paint industry, the market for raw material is also intensifying in India. A comprehensive analysis and forecasting till 2019-20 of raw material market is also included mainly focusing on major segments such as pigments, solvents, binders and additives.

We have also included the prominent industry players such as Asian Paints, Kansai Nerolac, Berger Paints, and many others to provide a balanced research outlook of the industry. The section covers their business overview, product portfolio, key financials, and industry activities.

Some of the key findings of the report are:

- Increasing Demand from the Rural Market
- Huge Potential for Innovative Technologies Propelling the Market
- Soaring Housing Industry Boosting the Demand for Paint
- Extensively Varied Product Portfolio introduced by Companies

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM776.htm

Check Related REPORTS on: http://www.rncos.com/Other-Industry.htm

About RNCOS
RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.