- THE MAGAZINE
- INFO FOR...
- ASI Store
- ASI Top 25
- Product & Literature Showcases
- Services Marketplace
- List Rental
- Market Trends
- Custom Content & Marketing Services
- ASI Readers' Choice Awards
China is the largest user of coatings in Asia with 9.9 million tons worth $11.6 billion consumed in 2007. A robust 11% annual rate of growth is forecast. Japan holds second position with 14% of the tonnage, but 21% of the dollars as higher value coatings are consumed. Minimal growth is forecast for Japanese coatings. India is the third largest coating consumer in volume with a 12% share, and is fourth in sales value behind South Korea with a 10% share. Coating volume is expanding at a 12% yearly rate in India, which will shortly pass Japan in tonnage and South Korea in sales value. South Korea has a large industrial base, as is the case for Japan, and captures 12% of the Asian coating sales value.
Architectural is the largest coating segment with 4.7 million tons worth $10.2 billion consumed in Asia in 2007. China and India are the largest architectural coating outlets with two-thirds of the volume; both are growing at double digit rates. OEM (original equipment manufacturers) is the second largest segment with 3.1 million tons valued at $12 billion. China captures 43% of the money and is followed by Japan with a 27% share and South Korea with 13%. China also leads in the special purpose coating category with 38% of the $6.4 billion sales in 2007. Japan is next with a 22% share and is followed by Korea, which captured nearly 20%. Industrial maintenance and marine are the largest end uses in special purpose coatings.
The above information is based upon Kusumgar, Nerlfi & Growney’s current multiclient study, Asian Coating Additives. The 400-page study will be completed shortly and is available through subscription.
For more information, visit www.kusumgar-nerlfi-growney.com.