Automotive Coating - Fastest Growing Segment in Indian Industrial Paint Market

Among all segments of industrial paint market, Indian automotive coating market is growing at the fastest pace witnessing CAGR of around 17% during FY 2012-2015.

NOIDA, India (prHWY.com) October 5, 2012 - Indian automotive industry is one of the largest and fastest growing industries in the world. Due to its location and skill advantage, India has proven to be a frugal hub for automobile companies. The country is now a part of the global strategy for these OEM's; with almost all the major automobile companies setting up manufacturing operations in India and are also exploiting its option as an export hub. The fast growing automobile industry is driving growth in automotive coating market which is expected to witness a CAGR of around 17% during FY 2012-2015.

According to a recent report by RNCOS, "Indian Paint Industry Forecast to 2015", the automotive coating market is growing at the fastest pace among all segments of industrial paint market. Apart from auto OEMs, auto refinish is also a big business in automotive coating market. On the back of increasing sophistication of refinish business, need for maintenance of premium vehicles and traffic conditions, the automotive coating market is witnessing high growth. This has prompted the Indian paint manufacturers to join hands with international paint companies to provide quality coatings.

The report, "Indian Paint Industry Forecast to 2015", is an outcome of thorough research and comprehensive analysis of Indian paint market. It segregates the industry into decorative and industrial paint segments, which are further categorized into sub-segment. Growth drivers, challenges and trends are thoroughly analyzed to forecast the Indian paint market, along with its sub-segments. Additionally, it also provides insights on paint export and import market, raw material segment analysis, along with a brief overview of the prominent industry players to provide a balanced research outlook of the industry. This way, it provides a complete picture of the Indian paint industry, which will help clients to make their investment decision accordingly.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM408.htm

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About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: india paint industry

Categories: Business

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