According to Xinhua News, reported on March 29, in recent years, the Chinese paint industry has grown rapidly and is rapidly becoming the world's second largest producer and consumer of coatings.
From the 5th China International Coatings and Coatings Protection Technology Exhibition concluded on the 29th, it was learned that the world's total value of paint production exceeded US$ 61 billion in 1995 and grew at a rate of 6% per year, exceeding 82 billion by 2000 Dollars. At present, the world’s largest paint company accounts for about one-third of the world’s total paint output, and its market share is as high as 60%. The world paint industry is moving to emerging markets such as China on a large scale.
According to statistical data from the China Construction Materials Federation and the China Coatings Industry Association, in recent years, the Chinese paint industry has grown at a rate higher than the GDP of 5% to 10% under the impetus of the fast-growing real estate, automobile, and shipping industries. Become the world's second largest producer and consumer of paint.
China has become the world's second largest producer and consumer of coatings
The Chinese paint industry has grown rapidly and is rapidly becoming the world’s second largest producer and consumer of coatings.