Red oxide primer is a specially formulated coating used as a base coat for ferrous metals. Red-oxide primer serves a similar purpose to interior wall primers in that it prepares metal for a topcoat, but it also gives iron and steel surfaces a layer of protection. A primer is composed of Red Oxide, solvents, resins, and various additives. The pigments give the primer color; solvents make it easier to apply; resins help it dry; and additives serve as everything from fillers to anti fungicidal agents.
The Indian paint market will grow with a CAGR of around 14% during 2015-16 to 2019-20. The Indian paint industry has been growing at an average 15% per annum over the last decade. Growth has been consistent with the Indian GDP growth rate and in some years the industry has grown at a rate of 1.5 to 2 times higher than that of GDP growth. Construction remains the key growth sector and is driving demand for decorative and protective coatings. As a whole any entrepreneur can venture in this project without risk and earn profit.
Few Indian major players are as under
· Ashok Neel Mfrs. Pvt. Ltd.
· Bajaj Superpack India Ltd.
· Eskay Dye-Stuffs & Organic Chemicals Pvt. Ltd.
· Futura Polyesters Ltd.
· Nirup Synchrome Ltd.
· Omkar Industries Ltd.