RNCOS Analyzes Demand for Auto and HP Coating in Indian Paint Market

摘要

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.