India’s Growing Economy for Paint and Coatings

JCT Coatingstech Magazine

August 2008

Volume 5, No. 8

Market Update

Page 40-43

Excerpts from… “India’s Growing Economy Leads to Healthy Market for Paint and Coatings”

By Cynthia Challener, JCT Coatingstech Contributing Writer

…The major firms have established a presence in the 25,000 paint shops spread across the country. “India is unique in that distributors are very uncommon, and the do-it-yourself (DIY) market is practically non-existent,” notes Dan Murad, president and CEO of The ChemQuest Group, Inc. Most work is completed by skilled painters, primarily because labor is inexpensive, but also because there is a very high level of surface preparation required.

(To read the complete article…and more comments on “India’s Growing Economy Leads to Healthy Market for Paint and Coatings”………see JCT Coatingstech Magazine – August 2008 issue... “Nanotechnology for Coatings”).