The Asia-Pacific region will lead the world's coating demand growth

[China Epoxy Resin Industry Online] April 26, 2005: According to the latest research by the American Freedonia Consulting Company, the world coating demand will continue to grow by 3.
5%/year in the next two years, and it will reach 28.
2 million tons in 2007.
The average growth rate of market value during the same period was 5%/year, reaching over 83 billion in 2007.
Factors such as the steady increase in world GDP and fixed asset investment, as well as the rapid growth of the world's urban population will support the growth of world coating demand.
It is predicted that the demand in the Asia-Pacific region will maintain the fastest growth, and the growth rate is expected to be 4.
5% per year before 2007, reaching 8.
9 million tons.
The Chinese market will become the main body of demand growth in the Asia-Pacific region, and has surpassed Japan to become the largest coating demand market in Asia.
In addition, India, South Korea and Taiwan Province of China will also maintain strong growth, especially the fastest growing demand for construction-related coatings.

Freedonia Consulting Company predicts that the average growth rate of coating demand in Japan is 1.