Primer Market Forecast in India
The relevance of research
Primer - an effective composition, commonly used mainly to prepare surfaces for painting or other types of finishes
Purpose of the study
Analyzing the state of the primer market in India, assessing the market size, analyzing competitors, and identifying factors affecting the primer market
Content
Chapter 1
1.1. Market size
1.2. Primer Market Growth Rate
1.3. The ratio of imported and domestic products in the market
1.4. Volume and dynamics of primer production
1.5. Primer import. Volume and dynamics
1.6. Primer export. Volume and dynamics
1.7. Share of exports in production
Chapter 2. Economic characteristics of the market
2.1. Primer Market Trends
2.2. The main problems of the industry
2.3. Estimation of the number of buyers and their financial capabilities
2.4. Estimated consumption per capita
2.5. Analysis of sectoral indicators of financial and economic activity
2.6. Compact location of industry companies in certain regions
2.7. Primer Market Life Cycle Stage
Chapter 3
3.1. Economic components
3.2. Social Components
3.3. Technological components
3.4. Political Components
3.5. STEP-analysis of the primer market
Chapter 4. Assessment of the degree of competition
4.1. Scale of competition (local, regional, national, global)
4.2. Number of competitors and relative market shares of the largest competitors
4.3. Competition from substitute products
Chapter 5 Industry Forecasts
5.1. Analysis of the impact of recent crises on the industry (the global crisis of 2008 and the currency crisis in India in 2014)
5.2. Analysis of the impact on the state aid industry at the current date
5.3. Assessment of the degree of impact of the crisis due to covid-19 on the analyzed market. Barriers existing in the primer market
5.4. Prospects and growth drivers for the primer market
5.5. Forecast of the development of the primer market in the context of the current economic crisis due to covid-19
Chapter 6 Forecasting Methodology
6.1. Methods for forecasting key industry indicators
6.2. Sources of information for forecasting
6.3. Timing of forecasting
Research excerpt
Chapter 1
1.1. Market size
The primer is an extremely effective composition, commonly used mainly to prepare surfaces for painting or other types of finishes.
Primer is a kind of…
The soil also performs other functions: ...
According to GidMarket analysts, the primer market in India in 2020 is estimated at … billion Rs., which is by …% … than in 2019. In physical terms, the volume of consumption in the market in 2020 amounted to … thousand tons.
1.2. Primer Market Growth Rate
Consider the dynamics of the volume of the primer market in India.
In 2016-2020 the volume of the primer market in India in monetary terms … and in 2020 reached … billion Rs., which is … in the period under study. Since 2016 the market has …%. At the same time, the maximum growth was noted in …, by …%. The average annual growth rate in the study period …%.
Diagram 1. Dynamics of the primer market volume, 2016-2020, million rubles
In 2016-2020 The volume of the primer market in India in physical terms is … at a faster pace than in ... In 2020, the volume of primer consumption in India reached … thousand tons, which is …%. The average annual growth rate in the study period was …%.
Despite the … primer market in 2020, industry enterprises still faced a number of problems:
limitation...;
...
According to market experts, the industry, as part of the Indian economy, is ready for …
1.3. The ratio of imported and domestic products in the market
The primer market in India is formed mainly by … products, whose share in 2016-2021 was within …%. The share of imported products in the market in the study period …
More than five years ago, the President of India raised the issue of the need to reduce...
Diagram 3. The ratio of imported and domestic products in the primer market,%
1.4. Volume and dynamics of primer production
The domestic production of primer in the study period demonstrates ... its development. Over 5 years, production in India …% and in 2020 amounted to … thousand tons. The growth driver was …
In the structure of production, primers based on …% occupy the largest share, and …% falls on the production of primers based on …
1.5. Primer import. Volume and dynamics
The dynamics of primer imports to India shows ... a trend. In 2020, … thousand tons of primers were imported, which is by …% … than in 2019 and by …% - than in 2016. . In 6, … thousand tons of primers were imported.
In monetary terms, the dynamics of primer imports is comparable to …
Primers are imported to India mainly from … (…%), … (…%), ... TOP-5 importing countries account for …% of imports.
1.6. Primer export. Volume and dynamics
During 2016-2020 primer export from India ... At the end of 2020, the volume of exports of the studied products amounted to … thousand tons, which is by …% … than a year earlier and ... For 6 months. In 2021, … thousand tons of primer were exported.
At the end of 2020, primers were exported in the amount of … million dollars, which is by …% … than in 2019 and …
The main part of Indian production is exported to … — …% and … — …%. About …% of primer exports come from …
The balance of exports and imports in the primer market in 2016-2020 was ..., that is, observed ...
Diagram 12. Balance of exports and imports of primers in 2016-2020, thousand tons
1.7. Share of exports in production
Export share in primer production in 2016-2020 varies within …% with a trend towards … Thus, we can say that at this point in time the market is working ...
Chapter 2. Economic characteristics of the market
2.1. Primer Market Trends
...
2.2. The main problems of the industry
...
2.3. Estimation of the number of buyers and their financial capabilities
...
2.4. Estimated consumption per capita
During 2016-2020 the volume of primer consumption per capita … and in 2020 reached the value of … kg/person, which is ... The average annual growth rate in 2016-2020. amounted to …%, and the value of the indicator since 2016 was …%.
2.5. Analysis of sectoral indicators of financial and economic activity
Important data for analyzing the state of the industry is the dynamics of such indicators as profitability, liquidity, and business activity.
Gross margin is gross profit divided by...
For the period under review from 2016 to 2020, the dynamics of the gross margin indicator in the industry had ... Since 2016, the gross margin has been …from …% to …% in 2020. in 2016-2020 It has …
Gross margin growth in 2016-2020 indicates …
Return on profit
Profitability before tax for the industry of paints, varnishes and similar coating materials, printing inks and mastics since 2017 …: from …% in 2017 to …% in 2020 in 2020 there were …
Chart 16. Profitability before tax (profit of the reporting period) in the production of paints, varnishes and similar coating materials, printing inks and mastics in comparison with all sectors of the Indian economy, 2016-2020, - ,
...
Current liquidity
Values of current liquidity in the industry in 2016-2020 were in the range of ... times. The higher the value of the current liquidity ratio, the higher the liquidity of the company's assets. The value of the coefficient ...
At the same time, in world practice, the coefficient in the range of …
Absolute liquidity
A more stringent liquidity criterion is the absolute liquidity ratio. He shows, …
The normative value of the absolute liquidity ratio is ...
Business Activity Indices
Business activity is the ability of an enterprise, based on the results of its economic activity, to take a stable position in a competitive market, it ...
For the period from 2016 to 2020, the average term of receivables was within … days.days. In 2020, the value of the indicator for the industry amounted to … day.days, which is …
Financial stability
...
Financial stability indicators in 2016-2020 were … standard value (…%), which indicates …
2.6. Compact location of industry companies in certain regions
Most of the companies producing domestic primers are located in the European part of India.
...
The largest number of organizations is concentrated in … (…%) and … (…%). The TOP-10 regions contain …% of primer manufacturers in India.
2.7. Primer Market Life Cycle Stage
...
Chapter 3
3.1. Economic components
GDP is a macroeconomic indicator that reflects the market value of all final goods and services (that is, intended for direct consumption) produced per year in all sectors of the economy on the territory of the state for consumption, export and accumulation, regardless of the nationality of the factors of production used. It is the main, most complete ...
The impact of the crisis, which began in 2008, led to a decrease in GDP by …% in 2009, but then the growth rates were ... there was … annual GDP growth, and in 2013 the GDP dynamics turned into …, and in 2014 – … But in 2015-2016. marked...
The decline in India's GDP in 2020, according to …, amounted to …%, which is …
The index of physical volume of GDP in Q2021 2020 relative to the corresponding period in 2019, according to preliminary estimates, amounted to …% compared to the corresponding period in – …%.
...
3.2. Social Components
...
3.3. Technological components
...
3.4. Political Components
...
3.5. STEP-analysis of the primer market
According to the results of the performed STEP-analysis, macro-environmental factors have a greater influence on the primer market. Economic and social factors have … influence. The political and technological group of factors has an impact on the development of the market.
Holding back market development in 2021: …
The positive impact on the market is...
Table 6. STEP analysis of factors affecting the primer market
Chapter 4. Assessment of the degree of competition
4.1. Scale of competition (local, regional, national, global)
In the structure of the global paint and varnish market, including primers, Indian companies …
The top 10 global manufacturers are…
In India, the main production facilities are concentrated in …, which produces … (…%) of all domestic primers. In … regions, …% and …% of the studied products are produced, respectively. Collectively, these states...
4.2. Number of competitors and relative market shares of the largest competitors
The main market players include such manufacturers as: ... In aggregate, the TOP-5 players account for …% of the primer market.
The calculation data of the Herfindahl-Hirschman Index in the industry show that this market belongs to ... markets (concentration in the market ...). Mergers and Acquisitions ...
Diagram 31. Shares of the largest competitors in the primer market in 2020
As of 2020, the largest primer market operator in India is “…” LLC, occupying …% of the market. The second place is taken by “…” LLC – …%. The third line is occupied by products of … Other companies account for …% of the primer market.
The dynamics of the indicator of total revenue for the leading companies of the market is ... - the indicator annually ... During 2016-2020. revenue of the largest market operators …%. During the analyzed period, the revenue of the TOP-5 companies of the market increased by …%.
Estimating the total revenue of market leaders is made difficult by the fact that market operators provide …
4.3. Competition from substitute products
...
Chapter 5 Industry Forecasts
5.1. Analysis of the impact of recent crises on the industry (the global crisis of 2008 and the currency crisis in India in 2014)
...
5.2. Analysis of the impact on the state aid industry at the current date
...
5.3. Assessment of the degree of impact of the crisis due to covid-19 on the analyzed market. Barriers existing in the primer market
...
5.4. Prospects and growth drivers for the primer market
...
5.5. Forecast of the development of the primer market in the context of the current economic crisis due to covid-19
...
Chapter 6 Forecasting Methodology
6.1. Methods for forecasting key industry indicators
...
6.2. Sources of information for forecasting
...
6.3. Timing of forecasting
The forecast belongs to the medium-term category - 5 years (2021-2025)
Diagrams
Diagram 1. Dynamics of the primer market volume, 2016-2020, million Rs.
Diagram 2. Dynamics of the primer market volume, 2016-2020, thousand tons
Diagram 3. The ratio of imported and domestic products in the primer market,%
Diagram 4. Dynamics of primer production volumes in India for 2016-2020, thousand tons
Diagram 5. Primer production structure in 2020, %
Chart 6. Volume and dynamics of primer imports in physical terms 2016-2021 (6 months), years, tons
Diagram 7. Volume and dynamics of primer imports in monetary terms 2016-2021 (6 months), mln USD
Diagram 8. Primer import structure by importing countries in 2020, %
Diagram 9. Primer export dynamics in physical terms 2016-2021 (6 months), t.
Diagram 10. Primer export dynamics in monetary terms 2016-2021 (6 months), thousand dollars
Chart 11. Structure of exports by countries in 2020, %
Diagram 12. Balance of exports and imports of primers in 2016-2020, thousand tons
Diagram 13. The share of exports in production for 2016-2020
Diagram 14. Consumer preferences, %
Diagram 15. Volume of consumption in the primer market per capita, 2016-2020, kg/person
Diagram 16. Profitability of profit before tax (profit of the reporting period) in the production of paints, varnishes and similar materials for coating, printing inks and mastics in comparison with all sectors of the Indian economy, 2016-2020, %
Diagram 17. Current liquidity (total coverage) in the production of paints, varnishes and similar materials for coating, printing inks and mastics for 2016-2020, times
Diagram 18. Business activity (average receivables turnover) in the production of paints, varnishes and similar materials for coating, printing inks and mastics, for 2016-2020, days. days
Figure 19. Spatial concentration of companies in the primer market
Diagram 20. Compact location of companies in the industry in certain regions, %
Figure 21. Primer market life cycle stage
Chart 22. India's GDP dynamics, 2015-2021 Q2 years, % to the previous year, trillion Rs.
Chart 23. Monthly dynamics of the US dollar against the rupee, 2017-June 2021, Rs. for 1 US dollar
Chart 24. Dynamics of the inflation rate in India, 2016-2021 (June), %
Diagram 25. Dynamics of the commissioning of residential and non-residential buildings in India, 2016-2020, mln m2
Diagram 26. Dynamics of the population of India, as of January 1, 2015-2021, million people, thousand people
Diagram 27. Population forecast in India for the period 2021-2024, million people
Chart 28. Dynamics of real incomes of the population of India, 2015-2020
Diagram 29. Dynamics of the average interest rate on loans, 2015-2020, %
Chart 30. Primer production by states of India, 2020, %
Diagram 31. Shares of the largest competitors in the primer market in 2020
Chart 32. Dynamics of the total revenue of the largest primer market operators (TOP-5) in India, 2016-2020, billion Rs.
Diagram 33. Forecast for the development of the primer market in India in 2021-2025, billion Rs.
Tables
Table 1. Gross Margin of the Paints, Varnishes and Similar Coatings, Printing Inks and Mastics Industry Compared to All Industries in India, 2016-2020, %
Table 2. Absolute liquidity in the production of paints, varnishes and similar coating materials, printing inks and mastics in comparison with all sectors of the Indian economy, 2016-2020, times
Table 3. Financial stability (capacity of own working capital) in the production of paints, varnishes and similar materials for coating, printing inks and mastics in comparison with all sectors of the Indian economy, 2016-2020, %
Table 4. Industrial production index by state of India (in % of the previous year), 2015 - 2020
Table 5. Average weighted interest rates of credit institutions on credit operations in rupees, excluding PJSC Sberbank (% per annum), 2015-2020 (Oct.)
Table 6. STEP analysis of factors affecting the primer market
Table 7. The main companies participating in the primer market in 2020
Table 8. Assessment of the impact of recent crises on the industry
Table 9. List of sectors of the Indian economy most affected by the deterioration of the situation as a result of the spread of a new coronavirus infection (as of October 16, 2020)
Table 10. Analysis of the impact on the industry of the state aid proposed to date
Table 11. Forecast indicators of the development of the Indian economy in 2021-2023
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