Research and Development |
![]() |
Industrial and heavy duty coatings, offers excellent prospects to established manufacturers. With the industrial development of our country, the application of protective coatings is rapidly gaining momentum and it is expected that the demand for these products should continue to register an annual growth rate of approximately 22% for at-least the next five years. With the growing emphasis on quality and increase in production levels, automation is gradually finding its way in the industry, thereby necessitating the manufacture of more sophisticated and better paint systems. While the heavy duty coatings industry presents a prospective growth potential in the medium to long term other decorative surface treatment technologies like lacquers, topcoats are seen as major growth areas in the near future. |
The company has created a separate development team and is planning to enter this market segments in a big way. |
|