Urbanization, low-income government housing construction is driving demand for architectural paint
San Francisco, CA (PRWEB) May 08, 2013
Strong performance in downstream industries has fueled 13.4% annualized growth in the Paint Manufacturing industry in China over the five years through 2013 to reach $52.2 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, says IBISWorld.
The development of the Paint Manufacturing industry is largely dependent on demand from the Automobile Manufacturing (IBISWorld industry report 3721) 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 low-income housing is speeding up, which is driving demand for architectural paint, says IBISWorld. Increasing urbanization is also supporting the development of the real estate markets in China's medium-sized and small cities. Meanwhile, strong double-digit growth in the Automobile Manufacturing industry has been boosting sales of automotive paint.
The Paint Manufacturing industry in China has a low industry concentration level. This is due to the large number of small and medium-sized enterprises operating in the industry, says IBISWorld. The top four firms–Nippon, DuPont, Azko Nobel and PPG–account for about 12.1% of industry revenue in 2013.
For more information, visit IBISWorld’s Paint Manufacturing in China industry report page.
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IBISWorld industry Report Key Topics
The Paint Manufacturing industry in China manufactures various paints, coatings and auxiliary materials for coatings.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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