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In recent years, the overall growth rate of my country's coatings industry has slowed down, especially since this year the market has been even more difficult.
Data show that from January to August this year, the total output of coatings by enterprises above designated size in my country's coatings manufacturing industry was 11.
427 million tons, a year-on-year increase of 2.
2%, far lower than the GDP growth rate over the same period.
Why is the overall growth rate of my country's coatings industry slowing down? This is closely related to my country’s environmental protection policy.
Our country is in the stage of capacity reduction.
This time we went to low-end and excess capacity.
However, many foreign-funded enterprises have been focusing on user needs and high-end products.
Therefore, foreign companies’ coatings investment boom has also ushered in.
.
With the increasing pressure on environmental protection in my country, the environmental pollution caused by the application of coating products has gradually received national attention.
The national environmental protection department, the State Council, the taxation department, and the Ministry of Industry and Information Technology have successively introduced relevant policies to prompt the traditional coating industry to keep up with the times.
Step forward to embark on the road of green, healthy and sustainable development as soon as possible.
Summary of China's paint industry policies from 2015 to 2018 Source: China Business Intelligence Network
Data show that from January to August this year, the total output of coatings by enterprises above designated size in my country's coatings manufacturing industry was 11.
427 million tons, a year-on-year increase of 2.
2%, far lower than the GDP growth rate over the same period.
Why is the overall growth rate of my country's coatings industry slowing down? This is closely related to my country’s environmental protection policy.
Our country is in the stage of capacity reduction.
This time we went to low-end and excess capacity.
However, many foreign-funded enterprises have been focusing on user needs and high-end products.
Therefore, foreign companies’ coatings investment boom has also ushered in.
.
With the increasing pressure on environmental protection in my country, the environmental pollution caused by the application of coating products has gradually received national attention.
The national environmental protection department, the State Council, the taxation department, and the Ministry of Industry and Information Technology have successively introduced relevant policies to prompt the traditional coating industry to keep up with the times.
Step forward to embark on the road of green, healthy and sustainable development as soon as possible.
Summary of China's paint industry policies from 2015 to 2018 Source: China Business Intelligence Network
