Chinese anti-corrosive coatings market report, 2014

Chinese anti-corrosive coatings market report, 2014

Article Type: Conferences, training and publications From: Anti-Corrosion Methods and Materials, Volume 61, Issue 5

This study provides an in-depth understanding of the anti-corrosive coating market in Mainland China. This study focuses on the coatings market, broken down into its main product segments by resin type – epoxy, polyurethane, rich zinc primer, alkyd, fluorocarbon, acrylic resin and chlorinated rubber. The report is based on a study of the production, sales, distribution and application of anti-corrosive coatings across China, and in their predominant end-user industries (target market). Included is a quantitative and qualitative assessment of the market’s size, trends, development, key participants and opportunities.

The report estimates that the domestic market for anticorrosion coatings in China was worth over RMB36 billion in 2013, with sales of roughly 1.4 million tons. The study finds that growth in 2013 was only 2.8 per cent, far below the rapid, often double-digit growth seen in the previous few years. This 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 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. Domestic suppliers are improving on technology and product quality, but for the moment, the target market still offers better opportunities to suppliers of high-quality coatings.

The report features in-depth analysis of seven key anticorrosion coating product segments, epoxy, polyurethane, rich zinc primer, alkyd, fluorocarbon, acrylic and chlorinated rubber. It finds that the market is gradually shifting toward higher-quality epoxy and polyurethane coatings. Shipbuilding and construction remain as the two largest end-user industries, followed by containers and the petrochemical and chemical industries.

The research shows that supplier confidence is high, mainly because of an expected recovery in demand from the shipbuilding sector. The author expects growth of the market will significantly improve starting from 2014.

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