Growth Of Coatings Industry Slows Down In 2017
In the first four months of 2017, China produced 5.96 million tons of coatings, increased only 2.6 percent over the same period of last year, proving that the whole coatings industry is slowing down. Due to the launch of new government regulations to adjust the development speed of the real estate property market, the real estate property industry has become relatively soft after entering 2017, but international trade and domestic consumption provide new momentum for many industries, including coatings.
Bringing into the Chinese markets advanced technologies and early investments, foreign companies or their joint ventures have gained favorable positions in most industrial coatings sectors, including automotive coatings, coil coatings, wind power coatings, anti-corrosion coatings, ship coatings, etc. It is difficult for other companies to shake their leading positions. And foreign companies also try to grow their market shares through acquisitions and expanding into new regions such as western China in recent years.