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China Powder Coatings Market Worth Around $1.7B

Suppliers grew on average 6% in 2009 as economic slowdown continued
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The domestic powder coatings market in China  is valued at approximately $1.7 billion (RMB 11 Bn) in revenues as of year-end 2009, according to a recent GCiS study. This study focuses on domestic sales of thermosetting and thermoplastic powder coatings which include the following base polymers: Epoxy, Polyester and Acrylic Ester, Polyvinyl Chloride (PVC), Polyethylene and Nylon.

 

Suppliers grew, on average 6% in 2009 as recovery from the economic slowdown continued. Some smaller participants experienced a drop in sales from the previous year while sales by market leaders picked up, averaging closer to 8%. The target market is expected to maintain a CAGR of roughly 12% through 2015 – varying by product segment. Advancements in powder coating technologies coupled with growth in domestic consumption as well as industry are the primary drivers of this market.

 

Supplying roughly 450 kilotons in 2009, China is the largest powder coatings market in the world. The vast majority of market demand favors thermosets over thermoplastics. As such, approximately 95% of revenues are derived from thermosets. Market concentration is substantially higher in thermoplastics where the five leading suppliers constitute 70% of the market by revenue (as opposed to 30% in thermosetting).

 

Companies mentioned in the report include Akzo Nobel, Nippon, Nanpao, Dupont, PPG, Hebei Lidong, Tiger, Jotun, PAIHO, Huizhou Huili, Sherwin-Williams, Rohm & Haas, Tianjin Jiamingaiyue, Ningbo Flying, Beijing Hansbond, Fujian Wanshun, Langfang Xinli and Zhejiang Changming
 

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