Prospects for the Chinese Architectural Coatings Market

Citation

(2007), "Prospects for the Chinese Architectural Coatings Market", Pigment & Resin Technology, Vol. 36 No. 2. https://doi.org/10.1108/prt.2007.12936bac.009

Prospects for the Chinese Architectural Coatings Market

Prospects for the Chinese Architectural Coatings Market

Exterior applications will have an increasingly important role to play in the Chinese architectural coatings market and their level of application will boom to 60 percent of the total by 2015. Currently they account for just 16 percent of the architectural coatings market. Other market drivers will include bigger living spaces and, in the short-term, the arrival of the Olympic Games in Beijing in 2008. These are just some of the key findings in IRL's first report dedicated to the Chinese decorative sector, Prospects for the Chinese Architectural Coatings Market.

Although the market has recently seen some negative trends, in terms of rising raw material prices and a switch in demand towards industrial coatings in 2005, growth is still assured with housing completions rising by 20 percent in 2005 and total floorspace associated with these projects up by 2 percent over 2004.

In the non-residential sector, vast swathes of the tourism sector are booming, while China's education system and office real-estate segments continue to benefit from state and foreign investment, respectively. The recent wave of coatings companies and their suppliers establishing R&D operations, technical and service centres as a follow- up to manufacturing plants is a prime example of some of the investments helping to boost the non-residential part of the market. Office locations in Shanghai and Beijing are among some of the most important motors of growth in the top-quality architectural coatings market.

With China possessing about 8,000 coatings producers, the vast majority of these engaged in architectural coatings production of some sort, the market is highly fragmented. Nippon Paint, ICI and Huarun Paint (which was recently acquired by Valspar) are the market leaders and have about 27 percent of the market between them. A recent major Chinese force has arisen in the form of Maydos Chemical, a diversified producer with 15 manufacturing bases in the country, built up by acquisition.

In the long-term, production of architectural coatings in China is expected to reach about three million tonnes by 2015 and with the government investing almost US$ 100 billion on new homes in the next five years, the Prospects for the Chinese Architectural Coatings Market look very good indeed!

Prospects for the Chinese Architectural Coatings Market has the following contents:

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  Introduction.

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  Executive summary.

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  Background.

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  Overview of raw material availability.

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  Architectural coatings production.

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  Sales and market data.

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  Distribution of architectural coatings in China.

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  Current and future trends in the sector.

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  Standards and regulations.

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  Appendix: data on major suppliers and the top 100 architectural coatings companies in China.

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  Directory of selected architectural coatings manufacturers.

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  Sources of information.

Prospects for the Chinese Architectural Coatings Market (97pp and 56 tables), which includes a directory of architectural paint companies and their contact details, is now available from IRL priced €2,000 for a single hard copy edition.

Sections of the report, priced individually, will soon be available to purchase online at our web site: www.informationresearch.co.uk

For more information on this report, please contact Terry Knowles at: tknowles@brg.co.uk

Information Research (A Division of BRG UK Ltd), CP House, 97-107 Uxbridge Road, Ealing London W5 5TL UK

Tel: +44 (0) 20 8832 7830, web site: www.informationresearch.co.uk, Fax: +44 (0) 20 8566 4931, e-mail: irl@brg.co.uk