A new analysis from Frost & Sullivan, Strategic Analysis of the Asian Paints and
Coatings Market, reports that the Asian paint and coatings
market is poised to grow with buoyant economic conditions and growth in
end-user markets.
Since most of the end-user industries of paints contribute significantly toward
a country’s economic growth, macroeconomic variations have a significant impact
on the paint industry. Rising disposable incomes, improving consumer awareness
and globalization of end-user industries, such as automotive and electronics,
have led to a healthy growth in the paint industry.