The Indian paint industry is worth Rs. 49 billion annually and is highly price sensitive and cyclical. Demand arises during festive seasons but patterns have changed over the years. Advertising by major players like Asian Paints and Kansai Nerolac focuses on brand building and identity. Market research shows consumers expect more involvement and shift focus from commodity to lifestyle brands. Decorative paints make up 77% of volume but industrial paints account for 30% of value.
The Indian paint industry is worth Rs. 49 billion annually and is highly price sensitive and cyclical. Demand arises during festive seasons but patterns have changed over the years. Advertising by major players like Asian Paints and Kansai Nerolac focuses on brand building and identity. Market research shows consumers expect more involvement and shift focus from commodity to lifestyle brands. Decorative paints make up 77% of volume but industrial paints account for 30% of value.
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The Indian paint industry is worth Rs. 49 billion annually and is highly price sensitive and cyclical. Demand arises during festive seasons but patterns have changed over the years. Advertising by major players like Asian Paints and Kansai Nerolac focuses on brand building and identity. Market research shows consumers expect more involvement and shift focus from commodity to lifestyle brands. Decorative paints make up 77% of volume but industrial paints account for 30% of value.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPTX, PDF, TXT or read online from Scribd
• The Indian paint industry is a Rs 49 billion sector.
• GDP growth is higher, the paint sector will benefit and
vice versa
• Highly price sensitive & cyclical
• Demand arises in Festive Season.
• Change in demand patterns over the years.
ADVERTISING IMPACT: ASIAN PAINTS V/S KANSAI NEROLAC
•Waah Sunil Babu •Aapko banaye style ikon
•Soha & Saif Ali Khan ad •Show your true color •Rang soche nahin, dekhe •Jab ghar ki raunak badhani jaate hain ho… •Har Rang Kuch kehta hai •Har Ghar Kuch Kehta hai •Bangla toh abhi bhi chamak raha hai MARKET RESEARCH & TREND ANALYSIS • Involvement of the consumer. • Shift from Commodity to FMCG – brand building. • Communication or lack of it can make or break your brand. • Changed brand identity, online services, Inc R&D spend. • Newest Trends – New textures, use of bold shades, Disney e.g. Kansai Nerolac site: personality V/s rational INDIAN PAINT INDUSTRY Demand • Decorative – Direct Demand • Industrial Derived Demand Decorative vs Industrial Parameter Decorative Industrial
Volume/Value 77%, 70% 23%, 30%
No. of Players 1100+ 500+
Technology (vis–a–vis Technology – Lag Comparable to Global
Global) Standard Technology Driver Indigenously Often Transferred from Developed Overseas collaborator Product Drivers Market Customer Specified