Rapid urbanization and infrastructure development boost demand for paints in construction, real estate, industrial sectors.
Certainly! Here are some key factors influencing the paints industry in India: 1. Economic Growth : Rapid urbanization and infrastructure development boost demand for paints in construction, real estate, and industrial sectors. 2. Housing and Real Estate Sector : Growing middle-class population and urbanization increase demand for decorative and protective paints. 3. Industrial Development : Expansion in manufacturing, automotive, and infrastructure industries drives the need for specialized industrial and protective coatings. 4. Government Initiatives : Schemes like Smart Cities, Make in India, and infrastructure projects stimulate demand for paints. 5. Environmental Regulations : Stricter environmental norms encourage the adoption of eco-friendly, low-VOC, and water-based paints. 6. Technological Advancements : Innovation in paint formulations, such as weather-resistant, anti-microbial, and textured paints, enhances product offerings. 7. Consumer Preferences : Increasing ...