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January 4, 2012
By: KERRY PIANOFORTE
Editor, Coatings World
In 2010, the global market scale of coatings hit about USD90 billion and was expected to grow around 10 percent to USD99 billion in 2011. Building decorative coatings accounts for approximately 45 percent of the total market, the most among all coatings. Vehicle coatings presents the second largest application area, making up roughly 15 percent, of which, OE and refinish coatings occupying about 50 percent and 45 percent respectively. Protective and marine coatings (PMC) represents the third largest application field, accounting for about 12 percent. General industrial coatings makes up roughly 10 percent, followed by powder coatings, wood coatings, coil coatings and packaging coatings. Geographically, China topped the world in terms of infrastructure and real estate investment, so China is no doubt the world’s largest coating market. The market scale of coatings in China approximated USD18.9 billion in 2011, 54 percent of which was attributable to decorative coatings. In 2011, although the Chinese market was suppressed by national policy, real estate still remained strong. From Jan. to Sep. 2011, the domestic real estate investment totaled RMB4.42 trillion, up 32 percent from the previous year. During the 12th five-year period (2011-2015), the Chinese government plans to complete 36 million suites of affordable housing. Among them, 10 million suites will be built in 2011 and 2012 respectively, and the remaining 16 million suites will be established between 2013 and 2015. It is estimated that China’s real estate market is likely to rebound after the long-term suppression, and the market size of decorative coatings in China will exceed USD12 billion. China is the world’s largest coatings market, but its domestic coating enterprises are small-scale. The number of domestic coating companies surpasses 2,500, while their revenue together only accounts for 11 percent of the Chinese coatings market. Among them, Guangdong Carpoly Chemical Co., Ltd. is the largest and its revenue in 2011 is expected to register roughly USD350 million. Established in 1999, ResearchInChina has become a leading independent provider of China business intelligence.
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