Industrial Products Finder Magazine - September 2018

In this issue

With “Special Sections” on Pumps & Valves; Chemical, Food & Pharma Equipment; and Coatings, the IPF Sept 2018 focused on latest trends in the three major industry segments in India. The pumps and valves – which are widely used in the process industry and other end-use sectors such as automation for discrete manufacturing and pumps for agricultural use – play a critical role in keeping the economy running. “Pumps & Vlaves” section discusses how Indian manufacturers are capitalising on the growth in the industry, which is estimated to be of Rs 17,500 crore and is expected to grow at an annual rate of 7 to 10 per cent over the next few years. According to the 12th Five Year Plan, the Government of India allocated a budget of approximately $ 167 million for the development of the process plant equipment market in the country. The focus section on “Chemical, Food & Pharma Equipment” highlights trends in user-industries such as chemicals, pharmaceuticals and food processing and their impact on process plant equipment sector. With a low per capita paint consumption of 4 kgs, India offers huge growth opportunity for paints (decorative as well as industrial) industry as the per capita paint consumption is bound to increase with economic development and modernisation. "Paints & Varnishes" section track changes in Indian coating industry as it is set to see 11 per cent CAGR over 2016-2021, following growth of India’s automotive sector, developing residential construction segment, and strong spending on infrastructure throughout the country.