Investments in China

hina has become the world’s largest producer and consumer of coatings. According to a recent report, from January to November 2012, China’s coatings output reached 11.4 million tons, with a year-on-year increase of 12.09 percent. This figure is expected to grow by 10 to 15 percent annually. According to IBISWorld’s Paint Manufacturing market research report, “Paint Manufacturing in China,” the Chinese paint market is set to grow 11 percent in 2013 to reach $52.2 billion in revenue.  According to the report, strong performance in downstream industries has fueled 13.4 percent annualized growth in the paint manufacturing industry in China over the five years through 2013.

As the paint, coatings, adhesives and sealants industries continue to grow in China, leading companies continue to invest heavily in this region. 

AkzoNobel recently announced plans to invest a total of more than €50 million in China to build new manufacturing facilities for its powder coatings and decorative paints businesses, adding further momentum to the company’s strategic growth ambitions.
Both new facilities will be located