Coating industry in China next year, market expectations
At present, the global economic slowdown has affected almost every industry, paint industry, and certainly not the exception. According to statistics, from 2002 to 2007, output growth in the global coatings industry average closer to 5%%, average annual sales growth rate of nearly 7%%. However, the global coatings market is entering a significant slowdown after 2008. Industry insiders estimate that in 2009 the production and sales of coatings market growth will be flat or down. But to benefit from the policy of our government to actively support, coatings market recovery in 2010 should be the momentum of rapid growth. Lack of weak market demand caused by the world economic environment, China's economic growth began to slow down. In terms of GDP growth, industrial added value, or order and other aspects of enterprise indicators, our economy is in contraction. Lack of demand has become China's economic development, including the development of coatings industry, the main problem. The world economic downturn is a direct impact on China's sharp decline in external demand. World financial crisis on the impact of China's paint and coatings industry in September 2008 began to show, foreign orders fell by about 10%%. As the main export products, architectural coatings and wood coatings exports decreased. In addition, plastic toys, ships, and machine tools and other products of export markets shrink, the corresponding decline in demand for paints species, decrease of 5% to 15% range. As the world economy will experience a downturn and the adjustment period, China's export situation in 2009 still face more uncertain and unstable factors. Include the following: First, negative economic growth in major developed countries, their demand for imports will further weaken China's export situation may deteriorate further. Second, the crisis led to a drop in demand in international market competition will become fiercer, the import trade of some countries to adopt more stringent restrictions, increased the threat of trade protectionism. Third, export costs and prices down export growth in China will be an important constraining factor. Technical barriers in Europe and America in recent years more and more strict, so our production costs increased significantly in the future period export prices facing all kinds of great callback pressure superposition of two factors led to the further slowdown in export growth. In the export situation is not optimistic at the same time, domestic consumption in China coating can also faced the problem quickly and efficiently start. Despite the recent state to expand domestic demand and the measures taken, but in China's chemical industry itself, in 2009 is still possible to go through a difficult period. Upstream market in the doldrums and consumer hot spot cooling means downstream of the coating in a weak state of domestic demand. In short, 2009 will be a difficult year for China's paint business. While the Government issued a lot of the revitalization plan to stimulate the economy and industry, but due to the lag effect of fiscal policy, economic growth, full recovery is expected to take until the fourth quarter of 2009. Experts predict that first half of 2009, domestic demand will increase paint 2% to 5% in the second half-year demand growth rate may be increased to 10%. But the export market throughout the year in 2009 is expected to be negative. Policies support the provision of growth may present, China is the world's second-largest paint market after the United States. China Coating production in 2007 was about 6.2 million tons, up 22.3% compared with .2008 in 2006, China's coating production reached 6.38 million tons, total output value of 155 billion yuan. Although the economic environment, China's paint market growth rate decreased significantly, however, China remains the world's fastest growing coatings market in the world. China's paint market competition, the number of active coatings business about 4500. The world's leading paint and coatings companies have established production bases in China or joint ventures, including Akzo Nobel, PPG, Nippon, BASF. Architectural coatings, automotive OEM coatings, automotive refinish, wood, marine paints, anti-corrosion coatings, coil coatings and other coatings are the most widely used species. Among them, the construction and wood coatings market in China's two largest applications, the two sales total sales were 30% and 24%. Automotive OEM, automotive repair, marine, corrosion, membrane applications in the future prospects field is expected to paint these applications market will maintain high growth rate. Although the current world economic slowdown by the shocks, our country down the coating industry exports, foreign investment reduced, however, due to the economic situation of our own stability and many years to maintain a high-speed growth, infrastructure is better, Therefore, our economy entities have been hit lighter than some developed countries.
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