Indian art material Industry is a vast scattered market consisting of different variety of attractive products like different types of brushes like synthetic brushes, painting brushes, artist brushes, Oil pastels, crayons of different types, painting accessories, poster colours, fabric colours, liquid water colours, colour pencils, drawing books, colouring books, easel boards, canvases, palettes, markers, paints, coloured chalk and many more. The industry is said to capture maximum business from the consumer market directly, which accounts to 70% of their revenue.
The core Indian art material market of around Rs 500 crore is said to be growing at a rate of 4 – 5 % but there is intense competition in this industry as the industry is highly unorganized which proves to be a downfall for this sector. With the duty rates coming down the art material imports have risen sharply in the last couple of years and several Chinese and Korean brands are available in the market. International majors like Faber Castell etc have also ventured into the market. Maximum competition has come in the school colour range where the Indian manufacturers like Camlin Limited who has been in...
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