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CHINACOAT2022 will be held in Guangzhou, Dec. 6-8 at the China Import and Export Fair Complex (CIEFC), with an online show running concurrently.
October 13, 2022
By: David Savastano
Editor, Ink World Magazine
Since its beginnings in 1996, CHINACOAT has provided an international platform for coatings and ink industry suppliers and manufacturers to connect with global trade visitors, particularly from the China and Asia-Pacific region. Sinostar-ITE International Limited is the organizer of CHINACOAT. This year’s show runs Dec. 6-8 at the China Import and Export Fair Complex (CIEFC) in Guangzhou. This year’s show, the 27th edition of CHINACOAT, is held annually, and alternates its venue between the cities of Guangzhou and Shanghai, P. R. China. The show will be both in-person as well as online. Despite the travel restrictions implemented as a result of COVID-19, Sinostar reported that the Guangzhou edition in 2020 attracted more than 22,200 trade visitors from 20 countries/regions, together with more than 710 exhibitors from 21 countries/regions. The 2021 show was online only due to the pandemic; still, there were 16,098 registered visitors. The Chinese and Asia-Pacific paint and coatings industry was impacted by the COVID-19 pandemic, as was the Chinese economy overall. Still, China’s economy is a global leader, and China’s Greater Bay Area is a significant contributor to China’s economic growth. Sinostar noted that in 2021, 11% of China’s GDP came from the Greater Bay Area (GBA), amounting to approximately $1.96 trillion. CHINACOAT’s location in Guangzhou is an ideal spot for companies to attend and check out the latest coatings technologies. “As a major driving force within China, all nine cities (namely Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing) and two Special Administrative Regions (namely Hong Kong and Macau) within the GBA are demonstrating continuous upward-trending GDPs,” Sinostar reported. “Hong Kong, Guangzhou and Shenzhen are the three core cities in the GBA, accounting for 18.9%, 22.3% and 24.3% of its GDP respectively in 2021,” added Sinostar. “The GBA has been vigorously promoting infrastructure construction and transportation network enhancement. It is also a global manufacturing hub. Industries like automobiles and parts, architecture, furniture, aviation, mechanical equipment, marine equipment, communication equipment and electronic parts have been shifting towards higher industrial standards and high-tech industrial production.” Douglas Bohn, Orr & Boss Consulting Incorporated, noted in his Asia-Pacific paint and coatings market overview in September’s Coatings World that Asia Pacific continues to be the most dynamic region in the global paint and coatings market. “Strong economic growth along with favorable demographic trends have made this market the fastest growing paint & coatings market globally for a number of years,” he said. Bohn noted that since the start of the pandemic, growth in the region has been uneven with periodic lockdowns resulting in large swings in coatings demand. “For example, the lockdown in China this year resulted in slower demand,” added Bohn. “Despite these ups and downs in the market, the market has continued to grow and we expect growth in the Asia Pacific coatings market to continue to outpace global growth for the foreseeable future.” Orr & Boss Consulting estimate the global 2022 global paint and coatings market to be $198 billion, and places Asia as the largest region, with an estimated 45% of the global market or $90 billion. “Within Asia, the largest subregion is Greater China, which is 58% of the Asian paint & coatings market,” said Bohn. “China is the largest single country coatings market in the world and is about 1.5X as big the second largest market, which is the US. Greater China includes mainland China, Taiwan, Hong Kong, and Macau.” Bohn said he expects China’s paint and coatings industry to continue to grow faster than the global average but not as fast as in previous years. “This year, we expect volume growth to be 2.8% and value growth to be 10.8%. The COVID lockdowns in the first half of the year reduced demand for paint and coatings in China but demand is returning, and we expect continued growth in the paint and coatings market. Nonetheless, we do expect growth in China to continue to moderate versus the very strong growth years of the 2000s and 2010s.” Outside of China, there are plenty of growth markets in the Asia-Pacific region. “The next largest sub-region in Asia-Pacific is South Asia, which includes India, Pakistan, Bangladesh, Sri Lanka, Nepal, and Bhutan. Japan and Korea and Southeast Asia are also significant markets within Asia,” Bohn added. “As is the case in other regions of the world, decorative coatings is the largest segment. General industrial, protective, powder and wood round out the top five segments. These five segments account for 80% of the market.”
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