Paint market in the next 5 years, compound growth rate of 5.7%
2017-06-15 17:12:03
in recent years, the coating industry has not only been increasingly competitive, but also been affected by many environmental protection supervision. In such circumstances, how to survive, become a major enterprise paint business.
coating, as a kind of modern multifunctional engineering materials, is a kind of important material in chemical industry, according to the classification of modern popular chemical products, paint belongs to fine chemical products, its application is very extensive. With the rapid growth of paint output and output value, the coating industry is facing great challenges. How to deal with the fierce competition environment has become the key to the survival of enterprises.
although China is already the world's largest producer of paint, but the paint industry started late, currently the world's top ten paint manufacturers are still concentrated in North America, Europe and Japan. Prospective industry research institute data show that, at the beginning of the reform and opening up, China's annual output of coatings is about 50 thousand tons, ranking eighth in the world. And in 2009, China's coatings have overcome the adverse effects of the global financial crisis since 2008, with a total output of 7 million 554 thousand and 400 tons, ranking first in the world for the first time.
China city in the process of industrialization and provides an opportunity for the rapid development of industrial coatings, architectural coatings, paint industry technology progress faster, varieties of paint are becoming increasingly rich and perfect, the production and sales of coatings has also been greatly improved. Data show that Chinese paints and coatings sales in 2010 from 11 million 300 thousand tons to 17 million 900 thousand tons in 2016, a compound annual growth rate of 7.9%, and is expected to reach 22 million 300 thousand tons in 2021, according to a compound annual growth rate of 4.4% from 2017 to 2021.
