CHINA’S PAINT INDUSTRY SUFFERING AS ECONOMIC GROWTH SLOWS
June 8th, 2014
China’s paint and coatings industry is feeling the squeeze as economic growth slows, infrastructure investment is scaled back, and competition between local and overseas players intensifies.Consulting firm Frost & Sullivan estimates the annual compound growth rate of the sector’s market value in China will slow to less than 10% this year, having regularly notched up double-digit growth rates prior to 2013. Research company IBISWorld estimates the market revenue for China’s paint and coatings sector expanded 12.9% to USD53.1 billion in 2013. While ...
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