• Industry dynamics

       China is now the world’s largest market for coatings. Chinese paints and coatings consumption reached just over 11 million tons with an industrial output value of RMB 273 billion in 2011. More than one-third of the market was occupied by architectural coatings. This dynamic market has continued its growth trajectory despite the global economic recession by focusing on domestic market demand in the construction, automotive, and home appliances and consumer electronics sectors. Over the next five years, the market growth is expected to remain at a level of around 10% per year, with the fastest growth being achieved in road marking paints, coatings for plastics, automotive refinished and protective coatings. China has already become the world’s second largest economy, and there are a number of China pundits speculating that China would overtake the U.S. in GDP before the end of this decade.

     Resource:Chinacoat