According to analysis by RNCOS, the
industrial paint market in India is being driven by automotive and high performance coatings. The auto industry in
India is showing signs of pickup with
car sales of 133,486 in August in 2013,
up 15. 4 percent from a year ago, according to Society of Indian Automobile
Manufacturers’s (SIAM) data quoted in a
recent daily. Moreover, a higher demand
from rural India will help also to boost
the revenues of automobile industry and
hence the industrial coating industry in
the short to medium term.
According to the latest report by
RNCOS “Booming Paint Industry in
India,” both automotive and high performance coating are witnessing huge
demand and are witnessing huge growth.
Several properties of automotive paints
like resistance to high stresses like rain
and UV radiation, heat and cold, gravel
from the road and the brushes during
the car wash, are providing an edge to
this type of coating over other industrial
paints. In addition, a high performance
coating also provides superior performance properties, like corrosion and
wear-resistance. Thus, these two categories will continue to drive the industrial
paint market in the country.
The report “Booming Paint Industry
in India,” has provided an insight on the
paint market by dividing the market into
decorative and industrial paints, with
market forecasts up to FY 2015-16 for
various components along with their
segments. Further, the components of
the decorative market have been divided
into various sub-segments. The report
has also provided a detailed overview of
the raw materials and the trade scenario
in the paint market. In addition, macro-
economic indicators and trends affecting
the industry have been identified to give
a clearer picture of the industry. Profiling
of major players in the paint market has
also been provided with an emphasis on
their product portfolio, key financials
and industrial activities, in order to
track the transformations happening in
the industry.
Ceresana Forecasts
Pigments Global Revenues
to Reach $34.2 Bn in 2020
In its third edition of the latest study,
Ceresana forecasts global revenues generated with pigments to increase to $34.2
billion in 2020. Pigments are mainly used
in the production of paints and varnishes
as well as the coloring of plastics and construction materials. Other applications include the manufacturing of printing inks
and paper. The most important indicator
for the development of the pigment industry is the construction sector, as total
demand for construction material, paints,
varnishes, and plastics largely depends on
the development of this branch.
Asia-Pacific accounts for almost half
of global consumption of pigments already and is expected to increase its
share of the market even further. This
region will continue to be the growth
motor of the pigments industry, as China
and India in particular are substantially
increasing demand for pigments. Eastern
Europe, the Middle East and South
America will see demand rise by more
than 3 percent p.a. each as well and thus
contribute to the positive development
of the pigment industry. The rather saturated markets in Western Europe and
North America will slowly return onto a
growth path after they suffered losses in
the past couple of years.
The presence of pigment-processing
industries is subjected to regional differ-
ences; the demand for individual types of
pigments depends on the requirements of
the industry in question. Hence, demand
for specific types of pigments may vary
widely among the regions. Titanium di-
oxide is dominating the pigment market,
given its widespread use in paints, varnish-
es, and the processing of plastics. North
America consumes a disproportionately
large amount of organic pigments; in
Asia-Pacific, on the other hand, iron ox-
ides are accounting for a comparatively
large share of regional consumption. The
largest growth potential in Asia-Pacific is
expected for carbon black pigments.
Paints and varnishes are the by far most
important sales market for pigments worldwide. More than 43% of global demand
originates in this segment. “Processing plastics accounts for 27% of total demand for
pigments. This segment will develop at the
second highest growth rates in the future”,
explains Oliver Kutsch, CEO of Ceresana.
Only the segment printing inks will grow
at higher rates, thanks to an increase of demand for printed packaging. Ceresana expects the least dynamic development for the
segment paper, as the completely revised
3rd edition explains.
Global Renewable
Chemicals Market to Grow
at CAGR of 7. 32 Percent
from 2012-16, Predicts
TechNavio
TechNavio’s analysts forecast the “Global
Renewable Chemicals” market to grow
at a CAGR of 7. 32 percent over the pe-
riod 2012-2016. One of the key factors
contributing to this market growth is
the increasing demand for eco-friendly
chemicals and materials. The global re-
newable chemicals market has also been
witnessing the adoption of eco-friendly
bio-based chemicals and materials by
major companies around the world in or-
der to reduce greenhouse gas emissions.
However, the possibility that production
of renewable chemicals could trigger a
global food crisis could pose a challenge
to the growth of this market.
TechNavio’s report, the “Global
Renewable Chemicals Market 2012-
2016,” has been prepared based on mar-
ket analysis with inputs from industry
experts. The report covers the Americas,
and the EMEA and APAC regions; it also
covers the Global Renewable Chemicals
RNCOS Analyzes Demand for Auto
and HP Coating in Indian Paint Market
