Focus on China: Guangdong Carpoly

China’s coatings industry has achieved remarkable success over the past 20 years in terms of technology innovation and marketing transformation while facing various challenges. The industry is now more mature and able to withstand risks. Domestic enterprises there are expanding their markets through merger and acquisition.

Despite the global financial crisis, China’s coatings industry continues to grow. China’s economic recovery in 2009-2010 from the global recession indicates that the government’s stimulus package and other policies against the crisis have played an active role in the quick recovery. At the same time the overall dynamics of China’s coatings industry are evolving according to some key trends.

Prior to the recession export markets were the bedrock of the Chinese coatings industry, but this is no longer the case. Domestic demand now represents the major market opportunities. Domestic infrastructure expansion through the construction of roads and bridges, for example, has boosted economic growth. Emerging industries such as wind power generation, logistics and the information industry are also on the rise. An