Assessment of China's Market for Anti-Corrosive Coatings
A GCiS Limited Publication Study Published March, 2014
This GCiS market study breaks China's anticorrosion coating market down into seven key product segments: epoxy, polyurethane, zinc-rich primer, alkyd, fluorocarbon, acrylic, and chlorinated rubber. This market was worth over RMB 36 Bn in 2013, with sales of roughly 1.4 Mn Tons, but growth in 2013 was only 2.8%, far below the rapid, often double-digit growth seen in the previous few years. The slow growth was due in large part to the slow growth of key downstream industries, especially in the shipbuilding sector, which saw a strong decline in 2012 and 2013.
Domestic suppliers in this market are mostly small manufacturers that are regionally active and benefit from long standing customer relations. The market leaders are a handful of foreign suppliers - AkzoNobel, Jotun, PPG, Hempel - that generate far more revenue than even their largest domestic competitors, like Jiangsu Yejian, Zhejiang Tiannü, Wuhan Twin Tigers and Chongqing Sanxia. Domestic suppliers are improving in terms of technology and product quality, but for the moment the target market still offers better opportunities to suppliers of high-quality coatings.
The 447 page report, an update of our hugely popular 2009 and 2011 studies on the same topic, draws on a three month, in-depth, primary survey covering over 100 companies in the market - including foreign and domestic suppliers as well as channel players and key customers. Five-year projections provided in the study will be indispensible to anyone looking to map out the course of this quickly developing market. This report is essential reading for any professional needing accurate and detailed strategic information of this market.
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Major areas covered include:
- Market size, by revenue & sales volume
- Domestic production capacity, output, imports and exports, by market segment
- Rankings and market shares of top suppliers, overall and by segment
- Sales channels and the role of channel players such as distributors and engineering companies
- Detailed profiles of leading foreign and domestic suppliers
- Market trends, growth, drivers and inhibitors, opportunities and the regulatory situation
- 5-year forecasts to 2018
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