CHINESE DEMAND FOR ECO COATINGS IS STRONG – BUT LOCAL CAPACITY GLUT MAKES LONG-TERM DEMAND UNCERTAIN
September 1st, 2012
BY MARK GODFREY
FOR sellers of eco-friendly automotive coatings in China, the future is looking bright: sales of 10 million cars a year are predicted to 2030, the Chinese government's current 12th Five-Year Plan has not only given auto coatings special attention, it marks new materials and green cars as two of seven emerging industries that are garnering government favourtism.
Visits to garages around China suggest foreign brands have cornered the bulk of the domestic market both in vehicle manufacturing and after sales. According to AkzoNobel Automotive & ...
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