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The automotive paints and coatings industry has been growing at a hopping rate backed by increased sales, larger investments, superior technology and gains in vehicle production. China and India are the two potential markets for automotive dyes, coatings and paints because their per capita current consumption of coatings is significantly low in comparison with developed nations. The demand for paints, coatings and dyes is predicted to grow by 4.3 percent every year to US $ 7.3 by the end of year 2010. The three topmost global coatings giants are PPG Industries, Sherwin Williams and Akzo Nobel. |