Indian paints & coatings industry estimated to grow to Rs one lakh crore in next 5 years
The Indian paints and coatings industry is likely to grow to Rs 1 lakh crore in the next five years from the current Rs 62,000 crore, according to Akzo Nobel India's annual report. Due to softening of raw material prices, the paint industry's margins are also expected to improve. New entrants in the segment such as Grasim Industries, Pidilite, and JSW have increased competition.
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