[go: up one dir, main page]

0% found this document useful (0 votes)
140 views7 pages

Consumer Brand Preferences Towards Decorative Paints

In an intensely competitive market, brand is a powerful differentiator. It enables the organisation to make strategic decisions. Brand preference is also a crucial aspect of the consumers lifespan. A strong brand increases the organizations esteem and credibility among its competitors. Businesses now have much better relationships with their distributors, suppliers, rivals, and even the government. The reputation of the company among investors is enhanced by a strong brand, which represents a hi

Uploaded by

IJAR JOURNAL
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
140 views7 pages

Consumer Brand Preferences Towards Decorative Paints

In an intensely competitive market, brand is a powerful differentiator. It enables the organisation to make strategic decisions. Brand preference is also a crucial aspect of the consumers lifespan. A strong brand increases the organizations esteem and credibility among its competitors. Businesses now have much better relationships with their distributors, suppliers, rivals, and even the government. The reputation of the company among investors is enhanced by a strong brand, which represents a hi

Uploaded by

IJAR JOURNAL
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 7

ISSN: 2320-5407 Int. J. Adv. Res.

10(08), 1202-1208

Journal Homepage: -www.journalijar.com

Article DOI:10.21474/IJAR01/15288
DOI URL: http://dx.doi.org/10.21474/IJAR01/15288

RESEARCH ARTICLE
CONSUMER BRAND PREFERENCES TOWARDS DECORATIVE PAINTS

Dr. Bhavna Sharma1 and Dr. Palki Sharma2


1. Assistant Professor Chandigarh Group of Colleges, Mohali.
2. Associate Professor Chandigarh Group of Colleges, Mohali.
……………………………………………………………………………………………………....
Manuscript Info Abstract
……………………. ………………………………………………………………
Manuscript History In an intensely competitive market, brand is a powerful differentiator. It
Received: 27 June 2022 enables the organisation to make strategic decisions. Brand preference
Final Accepted: 30 July 2022 is also a crucial aspect of the consumer's lifespan. A strong brand
Published: August 2022 increases the organization's esteem and credibility among its
competitors. Businesses now have much better relationships with their
Key words:-
Brand Preference, ROI, Productivity distributors, suppliers, rivals, and even the government. The reputation
of the company among investors is enhanced by a strong brand, which
represents a higher ROI and a larger market share. Companies with
strong brands attract top personnel and gain the respect of industry
experts.Small businesses must build their brands in order to compete
globally. Small scale products usually lack appealing features since
they require powerful branding. India has made progress in the past 15
years thanks to the financial reform, growth, privatisation, and
globalisation processes. International commerce and economic realms
are interwoven with the labour force and the country's economy.
Cutthroat productivity has been cited as the primary force dictating
how business is planned, along with India's economic advances and
globalisation. This paper tries to understand the power of brand and
consumer brand preferences towards decorative paints.

Copy Right, IJAR, 2022,. All rights reserved.


……………………………………………………………………………………………………....
Introduction:-
The research work of Adam Smith, who is regarded as the father of contemporary financial issues, dates back to
1776, and contains the idea of modern advertising. According to him, "Utilization is the sole purpose of all creation,
and the interest of the thing should be pursued only to the extent that it may be essential for furthering that of the
customer." According to the modern concept of advertising, the capacity to showcase comprises identifying the
requirements of people and choosing the products that can meet those demands. According to Philip Kotler,
advertising is "A human effort coordinated at fulfilling needs and wants however exchange process."The
contemporary paradigm for advertising emphasises that "Human Needs" are the foundation of all forms of
promotion. These needs could be physical, psychological, or humanistic.

Then, at that moment, modern marketing is also concerned with the development plan and delivery of such goods
and services, which can satisfy these unique wants.

Advertising can be defined in simple terms as "the most popular method of determining customer needs, converting
them into administrative results, and then transferring the product and administration to the final consumer or

1202
Corresponding Author:- Dr. Bhavna Sharma
Address:- Assistant Professor Chandigarh Group of Colleges, Mohali.
ISSN: 2320-5407 Int. J. Adv. Res. 10(08), 1202-1208

consumers to fulfil specific necessities and needs of explicit segments with a focus on productivity, ensuring the best
use of the resources available to the association."

In order to obtain the resources it needs to accomplish its function, the advertising capability frequently needs to
conclude with other administrative tasks. Therefore, marketing operations generally consist of a wide range of
factors and forces that have an impact on how well advertising works. Customers, the socio-economic environment,
and the serious financial environment are all included in these circumstances.

Decorative Paint Market-


1. The Indian paints industry is anticipated to expand gradually over the short period of time as a result of the
country's strong economic expansion. During the estimated period of 2019–2024, the market for Indian paints
and coatings is anticipated to grow at a CAGR of 8.6 %.
2. With the increase in the middle class population, India's young population poses a great opportunity. The Indian
middle class is anticipated to account for 17% of global consumption by 2030, which could increase the demand
for decorative Paint.
3. Demand in smaller cities and towns have been increasing more quickly than in metro areas. The expansion of
the decorative paint industry in these regions will be fuelled in the future by an increase in disposable income
and consumption spending.
4. Growing demand from the construction industry, coupled with expanding infrastructure activities, will also fuel
the demand for the paints industry.
5. The decorative paints market is anticipated to increase more rapidly as a result of government initiatives to
promote affordable housing. The government's emphasis on infrastructure growth will increase the market for
industrial coatings.
6. Under the Make in India initiative, the Indian government wants to raise the manufacturing sector's current 16%
GDP contribution to 25% by the end of year 2022. By 2025, the manufacturing industry might create US$ 1
trillion. These components are expected to increase the requirement for industrial paint.
7. Over the past few years, a lot of paint companies have move toward the building chemical and waterproofing
markets. Along with building chemicals, paint companies have recently joined the adhesives business. By doing
so, they may be able to access large B2B and B2C channels and make use of their existing distribution network.
8. The main factors driving the expansion of the organised paint industry are the rising disposable income of the
average middle class, urbanisation, a booming rural market, a shorter repainting cycle, and an increase in the
sales of high-end products. All these factors taken into account for the growth of Paint industry in India.

Marketing Environment
Consumer Technology Economy
•Characteristics •Advance •Rate of Growth
•Interperonal •Patents •Inflation Rate
•Infulence •Resources Shortage •Unemployment
•Organizations

Marketing
Environment
Competition
•Structure Government
•Marketing •Nature
•Strategies •State and Local
•Relationship Social & Cultural
•Political
•Generic

1203
ISSN: 2320-5407 Int. J. Adv. Res. 10(08), 1202-1208

Core Concept of Marketing

Needs Wants Products (Goods, Value Costs and


And Demand services & Ideas) Satisfaction

Marketers and Exchange & Relationship and


Prospects Markets Transaction Networks

Problem Statement
The purpose of the study is to evaluate the effectiveness of brand name in relation to decorative paints. Five
decorative paints are used to evaluate this. The goal of the current study is to determine how branding affects
consumer preference. Paints for decorative purposes are the focus. Most likely, it has provided fresh perspectives,
particularly in the area of customer preferences. It is descriptive and seeks to inspire fresh insights about personality
as well as new experiences. The current study is focused on consumer brand preference and examines if and to what
extent multifaceted promotional techniques might influence consumers' decision to buy decorative paints.
Thestudyconsidersfive decorative paints- Asian paints, BergerPaints, Nerolec Paints, Indigo Paints and Shalimar for
analysing consumer brand preference. In the decorative paint segment shoppers go through a long course of
exploring the goods and purchasing. Thus, the limited time implies like advertising can have an enduring effect over
their purchasing choice.

Objectives Of The Study:-


1. To analyse the associationbetween the demographic elements and buying choices towards decorative paints.
2. To examine customer satisfactiontowardsdecorative paints.

Research Design
Methodology:-
In the current study exploratory research has been done. For the study, a sample of 200 Chandigarh residents who
own recently constructed homes is chosen. The sample size of 200 respondents includes people who live in
apartments and people who built single-family homes over the past six months. To uncover customer brand
preferences for decorative paints, a structured questionnaire has been created.

Data Analysis:
Information has been investigated by utilizing the statistical instruments. Every one of the respondents has been
arranged in four classifications for example - Business men, professionals, govt. employees, and ex-servicemen. For
the study five renowned brands of decorative paints, Asian paints, Berger Paints, Nerolec Paints, Indigo Paints and
Shalimar are selected. Information has been evaluated by developing cross tabulation and percentages to understand
consumer demographics. In demographics age wise, profession wise, income wise prices, quality reliability and
branding were selected as major factors that influence buyers’ preferences for decorative paints.

Analytical Tools Used:


The fundamental statistical tools were applied to analyse the data. The information has been summarised using
frequency distribution. Cross tabulation has also been utilised to improve point-by-point analysis and understanding
of the data.
(a) Rational Appeal: It appeals to the consumers' individual preferences. In this instance, the advertisement
demonstrates that the product will provide the promised benefit. In this case, demonstrating an item's quality, price,
value, or performance will be the main focus.
(b) Emotional Appeal: Advertising's attempt to elicit either unfavourable or favourable feelings in the audience in
order to persuade them to buy the items being sold is known as an emotional appeal.
(c) Moral Appeal: Moral appeal ties into consumers' perceptions of what is right and proper. Such persuasions are
frequently used to encourage people to support social causes including protecting the environment, conserving
water, promoting sustainable development, and many other social reasons.

1204
ISSN: 2320-5407 Int. J. Adv. Res. 10(08), 1202-1208

Retaining ability of respondents


The capacity to retain something is a crucial branding element that determines how long customers will keep it. It's
critical to calculate an advertisement's memorability in order to assess the effect of marketing on customers' brand
preferences. This assists in determining the feasibility of anyadvertisemnet. In order to ascertain the respondents'
level of holding capacity for various decorative paints, an effort was made.

Causes for customer satisfaction


A study was made to determine the elements that influence consumer preference for specific decorative paint brand
names. The study's findings show that there are several factors, some of which the respondents may consider to be
the most important ones for creating and promoting decorative paints.

Brand dependability
"The dependability is the degree to which an estimating instrument is consistent in what it measures." Dependability
is a measure of how likely something is to hold up over a given period of time. The dependability of a brand is based
on factors such as its reliability in defending various claims made in the item's name, rationality and responsiveness
of the defence made in the name, decency and responsiveness of the defence made in the brand, etc. An effort was
made to measure consumer perceptions of the consistent quality of companies like Asian Paints, Berger Paints,
Nerolec Paints, Indigo Paints, and Shalimar while keeping this in mind.

Table No. 1.1:- Have you been using decorative paints for how long ?
S.No. Number of Years Numbers of participants Total percentage
1 0 to 1 year 7 14%
2 1to 3 Years 10 20%
3 3 to 7 Years 76 38%
4 7 years and more 109 64%
Total 200

As a result, the majority of retail establishments have been in operation for more than seven years, and 14% have
been open for less than a year.

Table No.1.2:- Consumer Brand Preferences.


S.No. Favourite brand choice Numbers of participants Total percentage
1 Asian paints 70 35%
2 Berger Paints 64 32%
3 Nerolec Paints, 48 24%
4 Indigo Paints 40 20%
5 Shalimar 28 14%

As a result, Asian Paints is the brand that is used the most frequently (35%) followed by Berger (32%) and other
brands (24%), and so on.

Table No.1.3:- Influencing factors.


S.No. Reasons for customer satisfaction Numbers of participants Total percentage
1 High branding and advertisements 32 16%
2 Quality 58 29
3 Low Price 40 20%
4 Offers 35 17.5%
5 Reliability and Durability 16 8
6 Easy availability 19 9.5

Analysis :-The main factor in consumer satisfaction is quality, which they typically demand, and the second factor is
low price, which they can further get discounts and offers.

1205
ISSN: 2320-5407 Int. J. Adv. Res. 10(08), 1202-1208

Table No. 1.4:- Mode of advertisement.


S.No. Description Numbers of participants Total percentage
1 Retail display 58 29%
2 Free samples 16 8%
3 Advertising in reading material 40 20%
4 T.V and radio advertisement 35 17.5%
5 Any other 19 9.5%
6 Total 200

Result:-
The most efficient/attractive form of advertising is through store displays, followed by advertising in reading
materials, then by television, and radio.

Table No.1.5:- Utilization of decorative paints.


S.No. Purpose Numbers of participants Total percentage
1 For houses only 95 47.5%
2 For vehicles 65 32.5%
3 Other use 40 20%
4 Total 200
Result: The highest percentage of decorative paint usage is for buildings (47.5%), followed by vehicles
(32.5%), and then other purposes (20%).

Table No. 1.6 Extent of the Brands of decorative paint prescribed


S.No. Paints In a large Very Good Certain Minimal Absolutel
scale Amount Amount Amount y not
1 Asian paints √
2 Berger Paints √
3 Nerolec Paints, √
4 Indigo Paints √
5 Shalimar √

Result:-
Asian paints are the most commonly prescribed brand, followed by Berger Paints, Nerolec Paints, Indigo Paints, and
Shalimar.

Table No. 1.7:- Customer preferences.


S.NO. Factors Asian paints Berger Paints Nerolec Paints Indigo Paints Shalimar
1 Quality 1 3 2 4 5
2 Price 5 4 1 2 3
3 Colour 1 3 2 4 5
4 Availability 1 2 3 4 5
5 Durability 1 2 3 4 5
6 Brand Name 1 2 3 4 5
7 Gifts 4 5 2 1 3
8 Discount 4 5 3 2 1
9 Visual Aids 1 2 3 4 5
10 Marketing and advertising 1 2 3 4 5

Result:-
Asian Paints is at the top and doing well, followed by Berger Paints, Nerolec, and Shalimar at the bottom on the
basis of data interpretation. However, we can state that Quality, Brand Name, and Visual display wise Asian Paints
is at the top and doing well.

1206
ISSN: 2320-5407 Int. J. Adv. Res. 10(08), 1202-1208

Table No. 1.8:- Satisfaction on the basis of service provided by these brands.
S.No. Brand Preferences Highly satisfied Satisfied Unsatisfied
1 Asian paints 49%
2 Berger Paints 33%
3 Nerolec Paints, 20%
4 Indigo Paints 9%
5 Shalimar 8%

Results:
In terms of quality of service, Asian Paints brand comes in first place in 49 percent of cases. In terms of market
share, Berger Paints is at 33%, Nerolec is at 20%, Indigo Paints is at 9%, and Shalimar is at 8%.

Major Findings Of Study:-


1. The best brands offer a value guarantee. Asian Paints was the brand most people preferred, followed by Berger
and Nerolac. The others are viewed as having similar appeal.
2. Data arranged by income reveals that customers favour Berger as the most inventive and high- preference when
compared to other socioeconomic classes.
3. The occupation-based categorization showed that Asian Paints is preferred by more businessmen.
3. It is clear that factors like low prices and high quality have surpassed factors like product accessibility,
assortment, and other factors as the respondents' top image-related motivators.

Suggestion of the study:-


1. It is recommended that counsel ought to be given to the nature of the item and greatest varieties to be accessible
in the market so the customer can pick it conveniently without changing the choice of brand name.
2. The review uncover the people who are maintaining their business for additional those types ought to get some
persuasive support occasion for improved outcome promoting more compelling, assessment of overall
population impeding the advantages got from the items should be consolidated in the publicizing of the items.
3. The research projects thatimpact of family and friendsare more on consumer decision making which meant that
they buy the decorative paints in the wake of affirming the usage of the items from their companions and family
members. It is likewise sees that in correlation to the other demographic segments and qualification of the
respondents are firmly connected with the idea of purchasing decorative paints. Thus it is recommended that
income and qualification of the respondent should be given due thought in planning while deigning marketing
plans.
4. It is recommended that while deciding the promotion mix for various paints, prices should be competitive so
that to ensure effective branding.
5. The review uncovers that marketing is having a get future possibility the Indian setting. It is likewise seen that
practically all respondents are of the view of positive effect of branding so it is recommended that an
organization should integrate specific social issues while planning the brand policies for decorative paints.
6. Opinion about the characteristics cost and offer plays an important job. It is based on perceived quality, cost and
offers that the buyers’ makes starting and significant strides with respect to a definitive buy, by making further
enquiries. It is particularly if there should be an occurrence of buyer quick products in view of specific reasons
like value, quality and discounts. So the branding should focus on the quality, cost and availability should
inform appropriately about it. The strategy, whenever followed, gives extended benefit procuring to the
company and the fulfilment to the customer.

Conclusion and Future projection:-


The current review demonstrates that the Branding influences the business area as well as impact the all parts of our
life for example political, social, monetary. The job of branding is expanding step by step. The place of the
advertiser without branding is very much like glimmering to the youth. There are such countless variables, which
acquire social change in the general public, however branding has also bring a social change. We can't overlook the
adequacy of the branding later on periods..

References:-
1. A.C. Bhavsar and Bharat Meghe (2007). “Brand Marketing Practices In India”
2. A.P. Hosmani & Sangappa. S.Rampure (2007). “Brand Marketing Practices In India”

1207
ISSN: 2320-5407 Int. J. Adv. Res. 10(08), 1202-1208

3. SushmitaDaxini& Vijay Raghatate(2007). “Brand Positioning and Repositioning”


4. Parveen Kumar & Y. KarteekSharath Chandra(2007) .A study with reference to India, “Creating Brand Equity
Through Brand Extension”
5. P. Veeraiah and NarashimhaMurthy(2007). “Branding Strategies in Rural Marketing”
6. P.K. Yadav, P.B. Singh &Ritesh K. Saxena(2007).Destination Branding, “A Case of Uttaranchal State”
7. Priyanka Sharma &Hariom Gupta (2007).“Brand Building Valuation”
8. R.L. Hyderabad(2007). “Corporate Brand Valuation”
9. R.M Joshi(2007). “Brand Preference of FMCG Products In Rural Market”
10. R.P. Gupta & A.P. Shukla(2007). “Marketing Practices In India Brand”
11. R.S. Mishra(2007).Brand Equity, “ Important Components of Culture and The Economy”

1208

You might also like