The compound growth rate of the hottest coating ma

  • Detail

The compound annual growth rate of the paint market in the next five years is 5.7%

the compound annual growth rate of the paint market in the next five years is 5.7%

June 9, 2017

[China paint information]

in recent years, the paint industry has not only become increasingly competitive, but also been affected by environmental supervision. In such an environment, how to survive has become a major thing for coating enterprises

coating, as a kind of modern multifunctional engineering materials, is an important material in the chemical industry. According to the classification of modern common chemical products, coating belongs to fine chemical products, and its use is very wide. With the rapid growth of coating production and output value, on the one hand, it should be seen that China's refractory industry is also facing the dilemma of excess capacity. Instead of meeting the requirements of performance and environmental protection, the coating industry is facing great challenges. How to deal with the highly competitive environment has become the key to the survival of enterprises

although China is already the world's largest paint manufacturer, due to its late start in the paint industry, the world's top ten paint manufacturers are still concentrated in North America and Europe. Thank China for its care and convenience in transit transportation and Japan. According to the data of prospective industry research institute, in the early stage of reform and opening up, the annual output of coatings in China was about 50000 tons, ranking eighth in the world. By 2009, China had overcome the adverse effects of the global financial crisis since 2008, with a total output of 7.5544 million tons, ranking first in the world for the first time

China's industrialization and cities are shown in the following figure: the process of industrialization has provided an opportunity for the rapid development of industrial coatings and architectural coatings. The technical level of the coating industry has made rapid progress, the varieties of coatings have become increasingly rich and perfect, and the production and sales of coatings have also increased significantly. According to the data, the sales volume of paint and coatings in China increased from 11.3 million tons in 2010 to 17.9 million tons in 2016, with a CAGR of 7.9%, and is expected to reach 22.3 million tons in 2021, showing a CAGR of 4.4% from 2017 to 2021

Copyright © 2011 JIN SHI