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Indian Coatings industry to continue to clock double-digit growth
FOCUS In the coming years, more ecofriendly coatings are expected to emerge in the domestic market to address the increasing demand among the health-conscious middle class in big cities such as Surabaya and Jakarta. Since 2009, the country’s domestic demand for eco-friendly waterborne coatings and powder coatings have climbed by about 13% and 20%, respectively, as opposed to 8% for the conventional solvent-based coatings. Original Source: APCJ, Asia Pacific Coatings Journal, Feb/Mar 2012, 25 (1), 12 (Website: http://www.asiapacificcoatingsjournal.com) © Quartz Business Media Ltd 2012
Indian Coatings industry to continue to clock double-digit growth The Indian paints and coatings industry has registered a healthy growth of 15% since the 1990s and is now poised to exceed Rup 20,000 crore. The main growth driver has been the reduction in
ON
POWDER
excise duty from a whopping 40% in the early 1990s to about 16% presently, and also due to an increased demand from end-use segments as a consequence of economic liberalisation. The market is anticipated to record double-digit growth in future owing to rising demand from end-use sectors automotive, steel, furniture, construction and other industries such as aerospace and defence. However, despite the robust growth the segment has exhibited since 1990s, India’s per capita consumption is very low, when compared with China, which is indicative of the impending growth that the market is yet to offer. The ratio of decorative to industrial paint segment in the country is about 70:30, as compared to the international standard of 50:50. This shows the significant potential that still prevails in the Indian scenario. In the paints and coatings segment, companies are becoming more customer focused, and are trying to provide the right
Focus on Powder Coatings (ISSN 1364-5439) is published monthly by Elsevier Ltd. 2012 annual subscription rate: US$1289/€1142 (in Europe)/¥152,400 (in Japan) Material published in Focus on Powder Coatings includes abstracts sourced from Chemical Business NewsBase (CBNB) (E-mail: [email protected]) CBNB is available as part of a subscription to Ei’s EngineeringVillage discovery platform. Visit our website for more details: http://www.ei.org/engineering-village Enquiries, electronic access and samples E-mail: [email protected] Website: http://www.sciencedirect.com For orders for Europe, Middle East and Africa Journals Customer Service, The Boulevard, Langford Lane, Kidlington, Oxford OX1 5GB, UK. Tel: +44 (0) 1865 843434. E-mail: [email protected] For orders for the Americas Journals Customer Service, 11830 Westline Industrial Drive, St Louis, MO 63146 USA. US Customers: Toll-free: +1 877 839 7126. Customers Outside US: Tel: +1 314 453 7076. E-mail: [email protected] For orders for other locations Journals Customer Service, 3 Killiney Road #08-01, Winsland House I, Singapore 239519. Tel: +65 6349 0222. E-mail: [email protected]
C O AT I N G S product and value added services by means of latest technological developments. In a bid to prepare the Indian industry to face the future needs and challenges, the Tamil Nadu State Council of the Confederation of Indian Industry organized the 4th edition of the ‘South India Surface Coating Show’ with the theme ‘Building an Efficient, Sustainable & Responsible Future’ on 15-16 Feb 2012 at Chennai, India. The conference touched upon various aspects of the industry like pretreatment and surface preparation, powder coating & application equipment, liquid painting/electrodeposition coating, protective coatings and application equipment, optimization and automation in paint shops and quality control systems. (1 crore=10 M, 1 lakh=100,000). Original Source: Chemical Weekly, 13 Mar 2012, 132 (Website: http://www.chemicalweekly.com/) © Sevak Publications & Chemical Weekly Database P Ltd 2012
Permissions may be sought directly from Elsevier Global Rights Department, PO Box 800, Oxford OX5 1DX, UK. Tel: +44 (0) 1865 843830. Fax: +44 (0) 1865 853333. E-mail: [email protected]. You may also contact Global Rights directly through Elsevier’s home page (http://www.elsevier.com), by selecting ‘User Resources’, then ‘Support and Contact’, then ‘Permissions’. Derivative Works Subscribers may reproduce tables of contents or prepare lists of articles including abstracts for internal circulation within their institutions. Permission of the publisher is required for resale or distribution outside the institution. Permission of the publisher is required for all other derivative works, including compilations and translations. Electronic Storage or Usage Permission of the publisher is required to store or use electronically any material contained in this journal, including any article or part of an article. Contact the publisher at the address indicated. Except as outlined above, no part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the publisher. Notice No responsibility is assumed by the publisher for any injury and/or damage to persons or property as a matter of products liability, negligence or otherwise, or from any use or operation of any methods, products, instructions or ideas contained in the material herein. Typeset by Chat Noir Design, France Printed by Mayfield Press (Oxford) © 2012 Elsevier Ltd. All rights reserved
Indian Coatings industry to continue to clock double-digit growth The Indian paints and coatings industry has registered a healthy growth of 15% since the 1990s and is now poised to exceed Rup 20,000 crore. The main growth driver has been the reduction in
ON
POWDER
excise duty from a whopping 40% in the early 1990s to about 16% presently, and also due to an increased demand from end-use segments as a consequence of economic liberalisation. The market is anticipated to record double-digit growth in future owing to rising demand from end-use sectors automotive, steel, furniture, construction and other industries such as aerospace and defence. However, despite the robust growth the segment has exhibited since 1990s, India’s per capita consumption is very low, when compared with China, which is indicative of the impending growth that the market is yet to offer. The ratio of decorative to industrial paint segment in the country is about 70:30, as compared to the international standard of 50:50. This shows the significant potential that still prevails in the Indian scenario. In the paints and coatings segment, companies are becoming more customer focused, and are trying to provide the right
Focus on Powder Coatings (ISSN 1364-5439) is published monthly by Elsevier Ltd. 2012 annual subscription rate: US$1289/€1142 (in Europe)/¥152,400 (in Japan) Material published in Focus on Powder Coatings includes abstracts sourced from Chemical Business NewsBase (CBNB) (E-mail: [email protected]) CBNB is available as part of a subscription to Ei’s EngineeringVillage discovery platform. Visit our website for more details: http://www.ei.org/engineering-village Enquiries, electronic access and samples E-mail: [email protected] Website: http://www.sciencedirect.com For orders for Europe, Middle East and Africa Journals Customer Service, The Boulevard, Langford Lane, Kidlington, Oxford OX1 5GB, UK. Tel: +44 (0) 1865 843434. E-mail: [email protected] For orders for the Americas Journals Customer Service, 11830 Westline Industrial Drive, St Louis, MO 63146 USA. US Customers: Toll-free: +1 877 839 7126. Customers Outside US: Tel: +1 314 453 7076. E-mail: [email protected] For orders for other locations Journals Customer Service, 3 Killiney Road #08-01, Winsland House I, Singapore 239519. Tel: +65 6349 0222. E-mail: [email protected]
C O AT I N G S product and value added services by means of latest technological developments. In a bid to prepare the Indian industry to face the future needs and challenges, the Tamil Nadu State Council of the Confederation of Indian Industry organized the 4th edition of the ‘South India Surface Coating Show’ with the theme ‘Building an Efficient, Sustainable & Responsible Future’ on 15-16 Feb 2012 at Chennai, India. The conference touched upon various aspects of the industry like pretreatment and surface preparation, powder coating & application equipment, liquid painting/electrodeposition coating, protective coatings and application equipment, optimization and automation in paint shops and quality control systems. (1 crore=10 M, 1 lakh=100,000). Original Source: Chemical Weekly, 13 Mar 2012, 132 (Website: http://www.chemicalweekly.com/) © Sevak Publications & Chemical Weekly Database P Ltd 2012
Permissions may be sought directly from Elsevier Global Rights Department, PO Box 800, Oxford OX5 1DX, UK. Tel: +44 (0) 1865 843830. Fax: +44 (0) 1865 853333. E-mail: [email protected]. You may also contact Global Rights directly through Elsevier’s home page (http://www.elsevier.com), by selecting ‘User Resources’, then ‘Support and Contact’, then ‘Permissions’. Derivative Works Subscribers may reproduce tables of contents or prepare lists of articles including abstracts for internal circulation within their institutions. Permission of the publisher is required for resale or distribution outside the institution. Permission of the publisher is required for all other derivative works, including compilations and translations. Electronic Storage or Usage Permission of the publisher is required to store or use electronically any material contained in this journal, including any article or part of an article. Contact the publisher at the address indicated. Except as outlined above, no part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the publisher. Notice No responsibility is assumed by the publisher for any injury and/or damage to persons or property as a matter of products liability, negligence or otherwise, or from any use or operation of any methods, products, instructions or ideas contained in the material herein. Typeset by Chat Noir Design, France Printed by Mayfield Press (Oxford) © 2012 Elsevier Ltd. All rights reserved