CHINA: FORECAST FOR PAINT, VARNISH MARKET

Article Abstract:

A study by the market research institute Frost & Sullivan predicts the Chinese market for paints and varnishes to grow at an annual rate of 7% to US$ 6.13bn by year 2005. In volume terms, growth is estimated at 6.9% to 2.9mn tonnes. The sales of powder coatings are forecast to grow at an annual rate of 13%. In 1998 they accounted for 4.9% of the market that amounted to 1.8mn tonnes worth US$ 3.82bn. Demand for architectural paints is forecast to grow 8.8% in volume and 9.3% in value. In 1998 they had a 27.5% market share in value. The sales of OEM coatings are forecast to grow 4.1% in volume and 5.8% in value per year. In 1998 liquid OEM coatings accounted for 55.4% of the overall paints and varnishes market. Sales of specialist coatings are forecast to grow at an annual rate of 3.5%.

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JAPAN/CHINA: NIPPON PAINT EXPANDING

Article Abstract:

Japan's leading coatings producer Nippon Paint has announced that in future it will carry out investments mainly in China, where it sees great market potential. By early 2001, however, Nippon Paint is to start up two factories for the production of resins and electro-dipcoats.

Japan, New capacity, new plant construction, Foreign operations, Plastic Materials, Plastics Material and Resin Manufacturing, Plastics materials and resins, Plastics, Nippon Paint Company Ltd.

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CHINA: GROWING DEMAND FOR AUTOMOTIVE COATINGS

Article Abstract:

China's consumption of automotive OEM coatings and refinishes is forecast to grow from 100,000 tpy to 250,000 tpy by 2010.

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