China's paint consumption market will grow at a compound rate of about 6.5% in 2018

China Coatings Network
: IRL recently updated the seventh edition of China
Coatings
Market Research Report, providing 2013 China Paint Market Data and 2018 Market Forecast.
2013, China's paint consumption market reached 13.1 million tons and is expected to grow to 17.9 million tons in 2018, with a compound annual growth rate of about 6.5%. Although growth has slowed, the Japanese market remains attractive compared to the US and Europe. This forecast combines China's GDP growth forecast, steel and related industry development, downstream industry growth (e.g. construction, automotive, machinery, etc.) and the current Chinese all paint consumption remains low.
experienced four years of rapid growth, china's paint industry growth slowed due to economic and industrial environmental impacts. However, China's paint market continued to grow steadily in 2013, driven by demand for construction, automotive and infrastructure.
construction market is the largest end market in China's coatings industry, accounting for 37%, driven by affordable housing, commercial housing and infrastructure, and continued to grow rapidly in 2013. Protective coatings are the second largest end market, accounting for 21%, infrastructure, high-speed rail, bridges, assembly, coastal engineering and other projects to drive China's protective coatings to maintain high-speed growth.
2013 Chinese consumption was only 9.6 kg, of which
building coatings
consumption was only 3.6 kg, significantly lower than the per capita level in Western countries, and even the world average. This shows that China's paint market still has great growth potential.
after decades of rapid growth, China's paint market should become more rational. Manufacturers, channels and service providers in China's coatings industry will be deeply integrated.