As China's economy continues to expand at astonishing rates, the Chinese coatings industry continues to grow as well. Industry experts place the Chinese coatings market at 3.35 million tons in 2005, compared to 1.84 million tons in 2000. That comes out to an incredible 82% growth, and there is no reason to expect that trend to slow down.
With that in mind, it is obvious why ChinaCoat continues to enjoy excellent growth. ChinaCoat 2006 was another successful event in its series. A total of 518 direct exhibitors (representing 729 companies) exhibited at the show while the total number of visitors increased to 23,534. This figure is up from 2005 when ChinaCoat was held in Shanghai and attended by 21,273 visitors. As ChinaCoat's increase in size over the years reflects the impressive growth of China's coatings market, the show has undoubtedly proven to be the premier coatings event in Asia and second in size only to the European Coatings Show.
Back on domestic soil, David Savastano reports on ICE 2006 when the FSCT decided that it would continue to hold ICE 2006 in New Orleans in spite of the damage wrought by Hurricane Katrina, there was some legitimate concern that the program would suffer. While attendance was definately down, FSCT officials said that ICE 2006 did better than expected, with approximately 300 exhibitors on hand.†† †
This issue of Coatings World also includes our annual International Buyers' Guide. This directory, which begins on page 35, provides a one-stop shopping guide that includes chemicals and production and laboratory equipment essential to the manufacture of paint and coatings. We hope you find this guide an invaluable reference tool throughout the year.