INDIA’S PAINT AND COATINGS SECTOR EMERGING QUICKLY FROM GLOBAL RECESSION
April 1st, 2009
BY RAGHAVENDRA VERMA
THE INDIAN paint and coating industry is currently passing through a significant transitional phase - being forced to shift its production from solvent-based to water-based products. The high crude oil prices in 2008 so increased the cost of raw materials that despite the fall in prices from last summer, many paint manufacturers have had little option but to move away from oil-based coatings.
"The architectural coatings that contribute 60-65% of the total paint consumption in India has more or less converted into water-based ...
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