CHINA’S HUGE PAINT MARKET IS VULNERABLE IF GENERAL ECONOMIC GROWTH STARTS TO SLOW
August 1st, 2019
China accounted for 38% of global paint output in 2018, according to the China National Coatings Industry Association (CNCIA), but its share of the global revenue was 33.4%, suggesting the pricing power of Chinese output is weaker. Industrial coatings accounted for 64.7% of the total output of 21.15 million tonnes (this figure is based on ‘enterprises of scale’ so does not count output by small, cottage companies) according to the CNCIA. Meanwhile, it said architectural paints and coatings accounted for 35.3% of China’s 2018 output. Auto coatings ...
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