Headlines

China's Anti-Corrosion Coatings Industry Continues to Rise

January 25, 2012
/ Print / Reprints /
ShareMore
/ Text Size+
The market for anti-corrosion coatings in China was valued at RMB 30 billion (~ $3.6 billion) at the end of 2010, according to a new report.

The market for anti-corrosion coatings in China was valued at RMB 30 billion (~ $3.6 billion) at the end of 2010, according to “Assessment of China's Market for Anti-corrosive Coatings,” a new report from Research and Markets. The industry is growing at 13% annually, but growth is expected to rise significantly due to economic recovery in downstream industries, a rise in domestic demand and awareness of quality issues.

Between 2010 and 2015, growth is forecasted at 19% on average. However, domestic coatings suppliers cannot compete with large multinational conglomerates on quality and scale, providing excellent opportunities for foreign coating manufacturers.

Domestic suppliers are mostly small manufacturers that are regionally active and benefit from longstanding customer relations. The market leaders are a handful of foreign suppliers that generate up to 100 times the revenue of their domestic competitors. The Chinese government aims to address this situation by stimulating market consolidation and eliminating outdated production capacity, according to the report. Strict quality and environmental regulations will force small domestic suppliers to innovate or close.

For more information, visit www.researchandmarkets.com.

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

In-Depth Features

These articles detail advantages and innovations for multiple end uses.

Podcasts

ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

THE MAGAZINE

Adhesives & Sealants Industry Magazine

ASI April 2014 cover

2014 April

Our April issue focuses on pressure-sensitive adhesives, including a preview of PSTC's 2014 Tape Summit, as well as converting/packaging and composites!

Table Of Contents Subscribe

THE ADHESIVES STORE

handbook-sealant-tech.gif
Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

asi1211p_Cover-DE.gifASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40  youtube_40pxlinkedin_40