Regarding the future outlook, Akzo Nobel India, operating in the industry through the Dulux brand, stated that the prospects of the paints & coatings industry are closely tied to the overall growth of the country's economy.The paints & coatings industry is divided into two categories: the architectural segment and the industrial segment.Furthermore, the latest annual report of Akzo Nobel India, a prominent player in the sector, stated that the margin for the paints & coatings industry would improve.The report also highlighted that the entry of several new players into the industry has made it an attractive sector.The report explained that the industrial sector's robust growth, combined with the strong fundamentals of consumer durables, automobiles, and allied industries, has driven the demand for industrial coatings.
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