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Home  > Markets & companies  > Coatings market  > China: a 6.4 million-tonne paint market

Saturday, 21 September 2019
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Markets & companies, Coatings market

China: a 6.4 million-tonne paint market

Tuesday, 21 July 2009

According to IRL’s new study, the Chinese market will soon recover. The single fastest-growing product segment will almost certainly be automotive refinishes.

The architectural coatings market in China accounts for 30% of all national coatings demand, making it the largest single segment of the market. Source: IRL
The architectural coatings market in China accounts for 30% of all national coatings demand, making it the largest single segment of the market. So...

The national market is expected to recover from the economic wobble it experienced in late 2008 with the help of economic stimulus plans from the government. According to the latest statistics and interpretation of the 2008 market from IRL "Profile of the Chinese Paint Industry, 5th Edition", China is a 6.4 million-tonne paint market. The structure of the Chinese coatings market is still highly focused on infrastructural and manufacturing applications, so industrial coatings continue to represent the majority (70%). The architectural coatings market in China accounts for 30% of all national coatings demand (hence about 1.92 million tonnes), making it the largest single segment of the market. The single fastest-growing product segment will almost certainly be automotive refinishes. This is the result of Chinese vehicle ownership reaching more than 64 million in 2008, which has created enormous demand for the services of garages and repair centres.

related links:

http://www.informationresearch.co.uk/pdf/4136B.pdf

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