All the key players are almost done with capacity expansion and have started production from new plants. Since the paint sector tracks the overall GDP growth, because the latter was lower than the strong growth recorded in the past, the growth in topline for the top three players was not as strong as in the previous years.
Operating margins as a result, might increase notably thus enabling the companies to post better profits. Mergers and acquisitions 3. Increase the awareness regarding paint as the protection not luxury.
Titanium dioxide is a key input in the paint industry and makes up per cent of the total raw material costs.
This will lead to an increase in the per capita consumption of paint which will increase the overall demand of paint.
Kansai Nerolac on the other hand did not do too well and the industrial paints especially the automotive paints business of the company was impacted as the demand for automobiles waned. The paint Perspective: The Question that arises at this is, what about the paint Industry? There is need to encourage this and Government should consider giving substantial benefits for expenditure on this account and dditional benefits by reducing levies on sales of such paints.