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Thus, it is also perceived as a commodity good. The industry is growing mature and the volume growth is slowing down with limited potential for differentiation. Increasing competition at both manufacturing and retail levels requires further concentration in manufacturing sector and vertical integration at retail level. There was also an increasing competition from substitute products as for example aluminum and vinyl sliding, interior wall coverings and wool paneling. The paint industry faced a strong price competition between paint manufacturers. The paint purchase behaviors are as follows:
u Industrial Sales ~ electrical households goods, cars, ships, furniture etc...
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