Revival in GDP Growth Accelerating the Overall Paint Industry

2024-04-26 09:09:55 Industry

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Paint market in India is anticipated to grow at a CAGR of 12% during the forecast period of 2016-17 to 2021-22 says RNCOS in its latest research report.

The Indian Paint industry market is growing with a significant rate during the current years, propelled by the rise in government infrastructure expenditure, increase in the disposal income of middle class family, development of rural market, launching of Innovative products by players. The above drivers fuelling the growth of the paint industry in India which is anticipated to grow at the CAGR of 12% during forecast period 2016-17 to 2021-22.

According to our latest research study, ?India Paint Industry Outlook 2022?, the government increasing it?s spending on the various projects which directly or indirectly boosting the housing demands in the economy. Therefore, government smart cities projects directly foster the housing supply in the nation which led to increase in the demand for paint in India. Additionally, the government other plans like hike in the salary of center government employee also boosting the disposal income that creates the demand for house and paint in the country. Apart from it, the key players in paints industry expanding his business and coming with innovative products ideas to tapped the untouched market. Driven by above factors, the paint industry in India is growing.

Research Analysis & Highlights

The report ?India Paint Industry Outlook 2022?, by RNCOS spread over 143 pages provides an in-depth research and rational analysis of the current status and future growth prospects of the paint industry in India. Our research includes detailed study on the decorative paints market, industrial paints market, and paint raw material market. Besides that, the report exhibits the emerging trends and drivers in the India which is boosting the growth of paint market.

The report further provides the detailed description of the decorative paint market in India. The decorative paint market further segregated into by application, by application area, by product class, by technology, by composition, by demand, by region etc. Through the section of the regional analysis we have tried to provide the insight of the current market scenario in different region in India. Additionally, we have also covered the key player?s analysis in which we analyzed the business overview, product portfolio, key financial and industry activities for a better understanding of the paint industry. As a whole, the report represents a comprehensive outlook of the sector?s past, present, and future scenario.

Some of the report?s key highlights include:

? Increasing GDP growth accelerating the overall paint industry
? Growing Industrial base propelling the growth of Industrial paint
? Growing Disposable Income in Rural Area Accelerating the Demand
? Virtual Visualization Experience Techniques Enhancing Better Decision Making

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM846.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.