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    Home > Coatings News > Paints and Coatings Market > The "golden age" of China's paint industry has just set sail.

    The "golden age" of China's paint industry has just set sail.

    • Last Update: 2020-09-08
    • Source: Internet
    • Author: User
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    China Paint Network
    News: China's industrial network news has become the world's
    paint
    production country, but also an important paint consumption country, China has 1.3 billion people, a huge potential consumer market has been the world's attention, the current Chinese all paint consumption level is still low. Therefore, it can be expected that the coating industry's coating production growth has great potential.
    /Industry
    data show an increase in paint sales last year
    In 2014, global
    paints
    coatings grew by 3.9% to 43.38 million tons, with total sales of 85 billion pounds, or about $132.3 billion. In 2014, the sales volume of
    Building Coatings
    was 21.69 million tons, accounting for 50% of the total sales volume of the industry, with annual sales of US$63.504 billion, accounting for 48% of the total sales;
    industrial coatings
    sales amounted to 12.5802 million tons, accounting for 29% of the industry's total sales, with annual sales of $33,075 million, accounting for 25% of total sales.
    2014-2018 paint industry outlook forecast
    China's paint sales growth is expected to reach about 60% in 2014-2018, the market growth space is huge, enterprises must use technological innovation to meet new changes, the national paint demand is expected to reach 1.6 million tons by 2018. (Information from Baidu)
    . Industrial point of view
    China's industrial network believes that with the development of China's economy, as well as the next ten years after 80, 90 into the main consumer groups, these consumers pay more and more attention to the quality of life, coupled with the market more and more standardized development, the paint industry will have a huge space for development.
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