2014-01-15 20:39:04 - Paint Manufacturing in China - a new market research report on companiesandmarkets.com
Strong performance in downstream industries has fueled 13.8% annualized growth in the Paint Manufacturing industry in China over the five years through 2013. In 2013, industry revenue is set to grow 12.9% to reach $53.1 billion. Offsetting strengthened macro-controls on China´s real estate market is increasing demand from the construction of indemnificatory and low-rent houses and old house renovation.
Weakening international markets due to the European debt crisis and the appreciation of the yuan have led to a slowdown in exports and imports. Over the five years through 2013, export values fell 2.6% per year on average, and import values fell at an annualized rate of 1.9%.
The development of the Paint Manufacturing industry is largely dependent on demand from the Automobile
Manufacturing industry and China´s real estate sector. Although the Chinese government has been implementing strict macro-controls on the real estate market, the construction of indemnificatory and low-rent housing is speeding up, which is driving demand for architectural paint.
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